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Health insurance coverage is a critical factor in making health care accessible to women, according to the Kaiser Family Foundation. Women with health coverage are more likely to obtain needed preventive, primary, and specialty care services, and have better access to new advances in women’s health. Among the 98 million women ages 18 to 64, most have some form of coverage. However, the patchwork of different private sector and publicly-funded programs in the U.S. leaves one in five women uninsured. The Affordable Care Act (ACA) of 2010 includes several measures that are changing the profile of women’s coverage as the law is implemented fully.
Meanwhile, in Rhode Island, the Greater Providence Chamber of Commerce is working to raise awareness about the value the RIRX prescription drug card can bring to health care consumers. At this time, we are particularly interested in promoting the importance of primary care among working women. Download your free @RhodeIslandRX card today and see how it can open doors for you and your family. CVS/Caremark has been identified as the preferred provider. Simply mention the card and get qualified for your immediate discount. Everybody is eligible.
New Economic Development Website Launches:
Greater Rhode Island: Think Bigger
A composite listing of more than 1,000 data points critical to positioning Rhode Island as the ideal spot for new and expanding businesses
11.26.13 PROVIDENCE, R.I. – This morning, the Greater Providence Chamber of Commerce, the Economic Development Foundation of Rhode Island and the Rhode Island Economic Development Corporation, launched a new, interactive economic development website quantifying why Rhode Island is the ideal choice for business decision makers looking to relocate, start-up or expand. Pulling together more than 1,000 distinct data points, the site, “Greater Rhode Island: Think Bigger,” provides a one-stop shop for the critical information needed by business executives as they consider where in the Northeast to grow their business. The website also highlights growth companies and industries that have already taken advantage of the unique competitive advantage offered by Rhode Island.
“Greater Rhode Island: Think Bigger” provides local businesses, industry leaders, and prospective companies access to unfiltered data, based on standards developed by the International Economic Development Council, on Rhode Island’s demographics, higher education, health care systems, employers, government, payroll costs and much more. It also highlights specific data and infographics that reinforce Rhode Island's unique strengths in the dynamic and innovative Northeast market. For instance, comparing states in the Northeast:
“Never before has greater Rhode Island put forth its unique and compelling assets in one interactive site,” said Laurie White, president of the Greater Providence Chamber of Commerce. “Situated along one of the most powerful economic corridors in the world, with top education and research facilities, hospitals, start-ups and established businesses, Rhode Island allows for and cultivates the kind of collaboration that breeds innovative success stories.”
“The Economic Development Foundation of Rhode Island is honored to be part of this collaborative effort to position the Rhode Island product in the northeast market. The Greater RI website provides the baseline information and strategic messaging necessary to be competitive in promoting private investment and job creation. We look forward to building on this collaboration. Working together, Rhode Island will be successful,” said Scott Gibbs, president of the Economic Development Foundation of Rhode Island.
“This comprehensive website provides the data and information to help businesses looking to expand in the Northeast make an informed decision and consider Rhode Island,” said Marcel A. Valois Executive Director of the RIEDC. “Rhode Island has many economic assets and we must collaborate and work in partnerships to achieve long-term sustainable economic growth that will benefit all Rhode Islanders.”
“Atlas is honored to be working with the Greater Providence Chamber of Commerce, the Economic Development Foundation of Rhode Island and the Rhode Island Economic Development Corporation as a long term partner in the success of its website, www.GreaterRI.com. This new website, armed with the latest technology and thousands of distinct data points, will be key to converting expanding and relocating companies inside and outside of Rhode Island from casual browsers to real prospects for the state and its community partners. We are also pleased that GreaterRI.com also provides a platform for the cities, towns and regions to gain access to expanding and relocating businesses, and to the tools they can use to market their own communities and business locations. It is in this spirit of collaboration and regionalism that we are excited to introduce GreaterRI.com to Rhode Island, and the world,” said Ben Wright, CEO of Atlas Advertising, one of the nation’s foremost leaders in economic development marketing.
“Greater Rhode Island: Think Bigger” is a public/private partnership based on nine months of research guided by the institutional knowledge of corporate relocation and site selection industry experts. It is the next step in Rhode Island's effort to showcase continuing industry successes in new and innovative fields such as brain science, medical advances, and food science, and make it easier for businesses to better understand why Rhode Island is the ideal place for their company.
The Centers for Disease Control reports that Americans spend more on prescription drugs than people in any other country: some $45 billion in out-of-pocket dollars in the last year alone. With that in mind, the Rhode Island Rx Card is reminding those who aren’t insured or who take prescription drugs that aren’t covered by their health insurance plans, can use the Rhode Island Rx Card to obtain discounts of up to 80 percent off the retail price for brand and generic FDA-approved medications.
The Greater Providence Chamber of Commerce and Rhode Island Medical Society have been working closely with Rhode Island Rx Card to distribute free discount prescription cards to all residents. The goal of the partnership is to provide additional card distribution channels and create awareness so that all residents will have access to this free statewide prescription assistance program. Cards are also available at United Way, Goodwill, Cranston Family Center, Newport Family Center and Westerly Public Schools.
Rhode Island Rx Card was launched to help the uninsured and underinsured residents afford their prescription medications. The program can also be used by people that have health insurance coverage with no prescription benefits, which is common in many health savings accounts (HSA) and high deductible health plans.
"With health care cost containment among the most pressing issues for business leaders, the Chamber is pleased to be able to partner with United Networks of America to deliver an innovative and money-saving solution,” said Laurie White, president of the Greater Providence Chamber of Commerce.
Another unique component of the program is their preferred pharmacy option. Rhode Island Rx Card has chosen CVS/pharmacy as their preferred pharmacy so that residents who don’t have access to a computer and can’t obtain a hard card, can visit any CVS/pharmacy to have their prescriptions processed through Rhode Island Rx Card. Residents can simply reference “Rhode Island Rx Card” to have their prescription processed through the program. Rhode Island Rx Card is accepted at over 56,000 participating regional and national pharmacies.
“We strongly believe that this is an easy and innovative way to help the residents of Rhode Island find affordable prescription options,” states Program Director, Alix Cousins.
Rhode Island Rx Card has helped residents save over $3 million since its inception in March 2009. You can help by encouraging everyone to print a free Rhode Island Rx Card at www.RIRX.com. Rhode Island Rx Card is also available as an app for iPhone and Android. You can search “Free Rx iCard” in the app store. Anyone who is interested in ordering free cards for their business or organization can email Alix Cousins, Program Director, at email@example.com
Despite the balmy Fall weather, flu season is fast approaching. The Greater Providence Chamber of Commerce is pleased to sponsor the free RIRX prescription drug card in connection with United Networks of America. Be sure to print your pre-activated card today so you are not left paying more than you need to for your medications. Tamiflu is the number one prescribed drug to treat the flu, but the downside is that it's not covered by most health insurance providers. Use the card. Don't pay full price. Take care of your employees, too. Let us know if your company would like to receive a plentiful supply of RIRX cards. Distribute them as part of your workplace wellness program. Employee health and productivity are good things!
The conversation continued at The Garage 2013, focusing on the industry intersections of design, manufacturing and connectivity. Rhode Island School of Design hosted the second iteration of the "mash-up" which drew a wide cross section of innovators as well as those seeking to be inspired by the power of creative expression.
Connie Howes, chair of Innovation Providence, kicked off the program by sharing examples of the knowledge economy's growing impact. Three grant recipients of Innovation Providence awards talked about how the early stage money leveraged considerable downstream investment. Chamber Chair Jon Duffy drew attention to the burgeoning entrepreneurial environment locally and gave special recognition to the organizers of the Founders League.
RISD President John Maeda introduced a panel discussion on the art of critical making and talked about the need to inspire confident and creative thinkers who are comfortable navigating through uncertainty and ambiguity. These will be the change agents and economic drivers, he said. Jose Escobar, head of global innovation at Verizon, talked about the confluence of communications technology and design and invited the crowd to understand the breadth of resources available at the company's Innovation Center in Waltham.
The conversation turned electric when serial entrepreneur Angus Davis invited ten company founders to come on stage with him, one at a time, to talk about their business and the forces driving it today. Companies selected to participate included DCI, HealthID, Jamie Oliver at Home, Lee Allen Eyewear, Focal Upright Furniture, NanoSteel, R & D Technologies, Mojo Tech, Wear Asprin and Sproutel.
The Greater Providence Chamber of Commerce extends a special thank you to our sponsors: Bank of America, The Beacon Mutual Insurance Company, RISD, Verizon, Partridge Snow & Hahn, and the RIRX prescription drug card.
What do you think is Rhode Island’s greatest asset?
Our partners at the Rhode Island Foundation want to know!
The Chamber was excited to be part of the official launch of the "Rhode Island: It’s All In Our Backyard" campaign! The effort, which grew out of last year’s "Make it Happen" forum, is a way for everyone to celebrate Rhode Island as a vibrant, stimulating place to work and live.
The goal is to help Rhode Islanders connect with the state’s rich resources, and remind us of all our great assets: global industry and cutting-edge innovation, thriving entrepreneurship and world-class universities, breathtaking landscapes and a major arts scene.
How can you get involved? Visit www.ourbackyardri.com to tell your favorite Rhode Island story, post a “backyard” photo on Instagram, or follow the movement on Twitter using #OurBackyardRI.
Take a look back at The Garage 2013! Using interviews, presentation footage and networking shots, we have captured the enthusiasm and energy of this first ever private sector led economic development event.
Thank you to the team at Cox Business for helping to capture individual growth experiences at the Cox Media Center and throughout the course of the day!
We are already working on the next installment of this exciting event. Watch in the coming weeks for information on when and where we will bring Rhode Island’s growth companies together again for another mash-up of compelling, relevant and inspiring storytelling around positive economic activity in Rhode Island.
During the 2013 legislative session the Greater Providence Chamber of Commerce Government Affairs team was on the ground daily fighting for members' interests on the pro-business front.
Below you will find a brief recap of the work the Chamber did on behalf of the business community in key areas of Economic Development, creating a Competitive Tax Code, and Education during this recently concluded legislative session. We certainly welcome your input and your involvement in the months ahead to continue addressing important public policy issues.
The Greater Providence Chamber of Commerce supports policies that improve our state’s economic strengths, spur new business growth, encourage expansion of existing business, create jobs and stimulate private investment.
Competitive Tax Code
The Greater Providence Chamber of Commerce believes a fair and equitable system of taxation promotes private sector growth and makes Rhode Island more competitive.·
The Greater Providence Chamber believes a strong education system is vital in workforce and development, and a key foundation for sustainable business development.
For a full list of Chamber policy priorities visit www.providencechamber.com
The $8.2 billion FY 2014 budget was signed into law by Governor Chafee on July 3rd.
Other Notable Provisions
Chamber Priority Legislation - Final Status
House leadership has unveiled, and passed its spending blueprint for FY 2014. We have begun to study the $8.2 billion budget proposal and its potential impact on Rhode Island businesses and their employees. Our initial dive has found quite a few areas of promise as well as a few concerns. We will continue to share more insight in the days ahead as more details emerge.
An initial review:
The full House is scheduled to hear, and approve, the budget proposal next Tuesday, June 25. A Senate vote is expected to take place shortly after that.
We will activate CapWiz in the coming days to generate key messages from our membership on our entire portfolio of legislative priorities.
There has been a flurry of activity at the Rhode Island State House as members of the General Assembly work to wrap up the 2013 legislative session by tomorrow,
But you can still have an impact! Here are a few key issues we are asking you to take action on today!
Take Action: Expansion of Temporary Disability Insurance
A a proposed expansion of the Temporary Disability Insurance (TDI) – which would allow workers to receive paid leave to act as a temporary caregiver -- is still very much a threat. If you have not done so already, please contact your State Representative TODAY and let them know that enacting this legislation sends the wrong message regarding improving Rhode Island’s business climate.
Rhode Island is one of only a handful of states that offers Temporary Disability Insurance to workers. Expanding this program will certainly result in an increased tax burden for the state’s workforce, in addition to requiring employers to sustain absenteeism and unmet labor needs – all during a time when the state’s unemployment rate remains one of the highest in the nation.
Take Action: Definition of an Independent Contractor
If this legislation passes, employers will be faced with applying two different, inconsistent standards to determine whether a particular worker can lawfully be treated as an independent contractor – the IRS guidelines for federal withholding and this new, state specific standard, for state withholding and employment security. It truly will be a trap for unsuspecting employers.
Take Action: Biweekly Pay
Rhode Island is one of very few states to require its private businesses to pay hourly workers on a weekly basis. Urge RI lawmakers to permit business to pay employees biweekly.
Greater Providence Chamber of Commerce Creates Entrepreneur Web Portal
www.entrepreneurprovidenceri.com showcases RI as the hottest start-up community in the Greater Boston Region
Rhode Island and Providence have a new tool for unleashing and bolstering entrepreneurial potential – www.entrepreneurprovidenceri.com.
The first of its kind web portal in the state, created and populated by the Greater Providence Chamber of Commerce, the site is designed specifically to support the development of high growth firms by providing key information on resources, educational opportunities, funding sources, and overall connectivity in and around Providence. Deep with data about Rhode Island, its idea makers, its knowledge assets and its entrepreneurial ecosystem, the site serves as an important connection point for the individuals, organizations and institutions driving knowledge development locally.
Since launching in May, the site has attracted more than 1,600 unique visitors (as of October 20, 2013), with the most popular content being "incubator spaces" and the "guest blogging" feature. A daily social media news feed gives visitors an up to the minute pulse on the region. We also post fun success stories from local entrepreneurs. As an example, this week we featured the story of Sproutel founder Hannah Chung and her big day with iconic investor Warren Buffett. Hannah and Jerry the Bear won Fortune's Perfect Pitch contest.
“Entrepreneurs have a great ability to see new, expanding and innovative markets, create jobs, contribute to the tax base,” said Chamber President Laurie White. “We see a real value in innovative ideas and want to make sure that those who work to create successful businesses around those ideas have the tools and knowledge to be successful. This site is the private sector investing in and supporting economic development around entrepreneurship.”
The site is also a critical tool in expanding Rhode Island’s innovation market. Only 50 miles south of Boston, Providence is fast becoming an increasingly integral part of the Greater Boston regional economy. Many local entrepreneurs talk about Providence being the "hottest start-up community in the Greater Boston region," where launching a venture can be faster and easier because of the state’s small size, networks and expertise.
“Rhode Island, and Providence, has an entrepreneurial mindset. We need to shout this idea from the rooftops,” said Chamber President Laurie White. “I truly believe this site will create a stickiness that will bring more idea makers to our door.”
More than 50 growth companies shared optimism and inspiration to hundreds of business professionals at The Garage. The first ever “mash-up” of ideas and innovation held at the Rhode Island Convention Center highlighted sectors of the Rhode Island economy that are growing and the people that are driving that growth.
With a combination of start-ups, emerging companies and established business both participating and attending, the event served to highlight the vibrant economic activity taking place in Rhode Island.
Thank you to all that participated, attended and supported this private-sector led economic development event.
We will work to keep this important conversation going. Watch in the weeks ahead as we share some of the positive stories, collaborations and new ideas to come out of The Garage.
If you have a positive story to share from the day's events, or a growth story you think is important to tell, please email us at firstname.lastname@example.org
Have you been to www.thegarageri.com?
The new site, designed and powered by the ADK Group, provides real time information on all things happening at The Garage, a private sector led event that will take over the Rhode Island Convention Center on May 14th. From a schedule of events, to a list of participants, and stories of companies who will be highlighted during the event… the site is designed not only to provide visitors with a snapshot of what is happening but serve as a platform for sharing the knowledge, expertise and growth that exists in the Rhode Island business community.
What can you find at www.thegarageri.com?
Schedule of Events
A full listing of what is happening; where it is happening and how participants can register
Information about the key industry sectors to be highlighted at this event including – Health and Wellness; Lifescience and Medtech; and Consumer Products
Meet some of the growth companies who will share their stories on May 14.
See a full list of participating companies – this includes panelists, presenters, sponsors and attendees. Is your company on that list?
Secure your place!
Breaking news about presenters, topics and guests!
Recognition of local companies that have made an investment in the event.
Tell us your growth story!
Drawing its name from the start-up ingenuity in Silicon Valley that led to the creation of companies like Apple, Google and others, The Garage will be the place where the private sector will create a mash-up of all good things happening in the local business community. Revenue generating companies will share their success stories and best practices in an effort to inspire, cross-pollinate and grow key economic sectors. Bank of America serves as the event’s Presenting Sponsor.
Be sure to follow the conversation on social media channels as well. Like The Garage on Facebook at https://www.facebook.com/ThegarageRI Follow The Garage on Twitter - @thegarage13
The Greater Providence Chamber of Commerce is calling on Rhode Island growth companies to tell their story at The Garage.
Drawing its name from the start-up ingenuity in Silicon Valley that led to the creation of companies like Apple, Google and others, The Garage will be the place where the private sector will create a mash-up of all good things happening in the local business community.
Revenue generating companies will share their success stories and best practices in an effort to inspire, cross-pollinate and grow key economic sectors. This first event, which will take place on Tuesday, May 14 at the Rhode Island Convention Center, will focus on the key industries of consumer products, health care, food, nutrition, and wellness.
“The event is all about storytelling,” said Laurie White, president of the Greater Providence Chamber of Commerce. “We want to showcase companies here in Rhode Island where innovation is a central strategy, where management is committed to expansion and where financing aligns with a business plan.”
The half day event will begin with the Economic Outlook Luncheon, and will be followed by five panel discussions, the Rhode Island Business Plan Competition and then culminating with a networking reception.
For more information visit www.thegarageri.com
Tonight, I would like to put forth a new idea -- a big idea -- that the Senate can get behind, get excited about, and get others excited about. We have talked for more than a year now about the development of a joint nursing education building in the Knowledge District hosted by the University of Rhode Island and Rhode Island College. Well, I challenge all of us to think even bigger and more inclusively.
Let’s get behind the creation of an all-encompassing Health Sciences Facility. In addition to the medical education component, think about a public/private partnership that unites growth companies, universities, colleges, hospitals, researchers, students, investors and others. Picture a sprawling campus. A place that fosters easy collaboration between and among scientists from a wide range of disciplines solving some of the most pressing medical challenges of our day.
The Health Sciences Facility could give focus to a particular area of expertise for Rhode Island--- brain science, the last frontier in modern medicine. Rhode Island is home to world-class talent across a gamut of institutions. Brown University and its affiliated hospitals in the Lifespan and Care New England systems as well as the Providence VA Medical Center are deeply immersed in research and clinical care centered on brain injuries and disorders. Each partner brings specific expertise to the forefront, including specialties in adult and pediatric psychiatry, neurology, neurosurgery, diagnostic radiology, neurotechnology and neuroregeneration. The University of Rhode Island’s College of Pharmacy brings similar nationally-recognized talent in drug therapy to complement the intellectual capacity.
Here’s the vision: Let’s brand Rhode Island as a leader in neuroscience and attract attention locally, regionally and nationally. The Chamber is convinced that realizing this vision would create an academic environment that would be extremely attractive to new healthcare-related companies and start-ups. Brown’s particular strength in developing devices and interfaces with the brain should be a compelling draw for medical device companies. The Center of Excellence, most importantly, would improve clinical care and outcomes for patients suffering from debilitating neurological diseases and conditions.
Linking science, engineering and medicine around this opportunity would be an exciting economic development venture for Rhode Island. On a national scale, medical professionals are increasingly concerned and focused on addressing age-specific disorders in response to our aging population in the United States. Rhode Island currently ranks 4th in the nation, per capita, in terms of the percentage of elderly in our population. As a result, it is critically important for us to focus our attention on the discovery and development of new therapies aimed at slowing the progression of key neurodegenerative diseases that affect older adults, including Alzheimer’s disease, Parkinson’s disease and Huntington’s disease among others.
Brain science and brain health in Rhode Island. A national leader and a Center of Excellence in neuroscience research and clinical care. Let’s seize the opportunity, let’s invest in the opportunity.
The Greater Providence Chamber of Commerce is excited to be joining with Betaspring, Brown University and the University of Rhode Island to invest in, and support the state’s latest entrepreneurial platform -- the Founders League.
Building upon programming initially launched by the Rhode Island Center for Innovation and Entrepreneurship, the Founders League will offer community, space and programming where entrepreneurs at all stages of development can find inspiration and support. The Chamber has invested $100,000 in the new venture.
“We are excited to work with this consortium to drive forward the next generation of entrepreneurship programming in Rhode Island,” says Board Chairman Jon Duffy. “This initiative is a bull’s eye in the Chamber’s strategic plan, which is centered around fueling entrepreneurial and small business growth and developing the state’s Knowledge Economy. The overwhelming support from the Board and general membership for this effort only serves to echo the mindset that startups, students and entrepreneurs are a critical part of the Rhode Island economy.”
Over the next 12-weeks, the partners will convene groups of entrepreneurs, mentors and community partners to solicit input on how the platform can be deployed to support the sustained growth of a strong entrepreneurial ecosystem in Rhode Island.
Betaspring will provide leadership for the platform and a physical nexus for the activity at their 95 Chestnut Street headquarters. Beginning this fall, Betaspring will roll-out a mix of entrepreneur-centric activities, such as community co-working, educational programming and networking events, as well as oversee a planning process to establish the platform’s long-term operating plan. The process to establish an operating plan will be led by a steering committee of representatives from the partner organizations and leaders from the entrepreneur community.
Click below to read media coverage of this exciting announcement.
Federal Reserve Bank of Boston President and CEO Eric Rosengren delivered a generally optimistic economic outlook for 2013 during the GPCC Policy Forum held Tuesday, January 15th at the Providence Marriott Downtown. Rosengren told that crowd of more than 100 that early 2013 is being bolstered by a stronger housing market and robust consumer spending. He expects this trend to continue, even predicting that growth will hit 3 percent in the second half of the year.
Click here to read media coverage of the event and follow the Twitter feed.
The Policy Forum was sponsored by Coastway Bank.
Rhode Island isn’t immune to the spreading nationwide flu epidemic. In fact, according to the Center for Disease Control and Prevention, we are one of the 47 states to have a “widespread” outbreak of the contagious disease.
A recent survey conducted by Walgreens suggests that nearly 100 million workdays are lost due to the flu -- that equals approximately $7 billion per year in sick days and lost productivity. With this year’s strain effecting so many, those estimates are expected to go even higher.
And as with any emergency situation, having a contingency plan is essential.
What can you do to protect your business and employees?
Click on these links for more information about the flu outbreak and your business.
Rhode Island Department of Health - http://www.health.ri.gov/flu/about/whentoseekmedicalcare/
Center for Disease Control and Prevention - http://www.cdc.gov/flu/
Additional government information - http://www.flu.gov/#
Business planning information - http://www.flu.gov/planning-preparedness/business/#
GPCC's FREE prescription drug discount program, the RIRx Card, offers savings on numerous medications to the uninsured, under-insured and compliments the benefits offered the insured.
FLU SEASON MED DISCOUNTED with RIRx CARD: Card holders are saving $24 on their Amoxicillin K/CLAV 875mg 14qt (Generic Augmentin) Retail Price: $42.99; Discounted Price: $18.67.
ALSO, discounts on often uncovered flu prescriptions such as Tamiflu, Sulfa/Tmz (Generic Bactrim DS), Azithromycin Tab 500mg, Ciproflaxin 500mg, Doxycycline HCL 500mg.
Visit www.RIRX.com to download your FREE prescription drug discount card.
Rhode Island is making progress in growing its Knowledge Economy. In fact, according to the “2012 Benchmarking the Rhode Island Knowledge Economy Index,” the state has improved in 11 of 19 indicators for which data is available since the inaugural report was released in 2011.
Identified areas of strength in the state in which Rhode Island ranks within the top 20 states nationally include: Research & Development performance by academic, not for profit (including medical) institutions; venture capital; and income and education attainment of the population. In addition, although not within the top 20 states nationally, Rhode Island experienced a trend of improvement since the release of the Index in 2011 in areas such as high speed internet access, state appropriations for higher education, patents issued to colleges and universities and science and engineering degrees awarded. Areas where the state could use improvement include net domestic migration; entrepreneurial climate; SBIR/STTR investments and Industry Research and Development.
Created last year through collaboration between the Greater Providence Chamber of Commerce and the RI Science and Technology Advisory last week’s release marks the first update of the Index.
“This is good economic news,” said Laurie White, president of the Greater Providence Chamber of Commerce. “Having this understanding of the opportunities and challenges surrounding knowledge development in Rhode Island is paramount to organizing our public policies and strategic investments in areas that will have the widest and most profound benefit to our businesses and residents.”
Developed around 23 key indicators, the Index compares Rhode Island to the other New England states, 27 EPSCoR states, which are those that have been designated by the National Science Foundation as part of the Experimental Program to Stimulate Competitive Research and the United States as a whole. The indicators are organized into four categories representing key components of a knowledge-based economy: RI’s Knowledge Economy; The Knowledge Business Pipeline; Research and Development and The Workforce for the Knowledge Economy.
“Using the data in this year’s index report will guide our decisions to ensure Rhode Island continues as a major hub of innovation,” stated Governor Lincoln D. Chafee. “I have already taken steps to increase state funding for higher education, the first such increase in an administration’s proposed higher education budget in several years, and will look for other ways to make smart investments that build on our existing assets and enhance our infrastructure for the benefit of all Rhode Islanders.”
Conducted by Camoin Associates and Innovation Policy Works, the 2012 Index builds off the most recent data available. However, the majorities of datasets are based from 2008 to 2011, and may not reflect advancements made in the last 12 months.
Click here to read the Executive Summary.
Click here to read the 2012 Benchmarking the Rhode Island Knowledge Economy Index.
Rhode Island is small, yet its resources are abundant and due to its size --easily accessible. From farms to main street boutiques, reap the harvest of Rhode Island's local and independently owned businesses.
Purchasing local goods injects much needed revenue into every community statewide, with Rhode Islanders benefiting from returns on these local investments. According to the 10% Shift initiative, even redirecting 10% of typical spending can provide a valuable boost to local economies. Building community support translates into economic viability statewide where Rhode Island as a whole benefits from the profits generated by locally owned businesses.
Buy Local RI’s mission is to build a strong economy and vibrant community by promoting locally owned independent businesses, strengthening our state’s merchant and commercial associations, and providing a unified public resource where businesses and individuals can find and connect to local products and services.
Farm Fresh RI, connects Rhode Islanders to fresh and locally grown agricultural products at farmers markets and restaurants across the state.
Edible Rhody profiles the growing community of local establishments serving the bounty from Rhode Island farms and fisheries.
Many Rhode Island communities offer regular farmers’ markets and local buying initiatives to motivate local commerce. The impact of these initiatives multiplies throughout the state, from the local producers, to the local vendors, and finally to Main Streets within every community.