News
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Report Names Rhode Island Top Performer in the 2008 State New Economy Index
Tuesday, November 18, 2008 - 10:42
Rhode Island was cited as a top performer in the 2008 State New Economy Index, a report published by the Ewing Marion Kauffman Foundation and the Information Technology and Innovation Foundation (ITIF). Released today, the 2008 Index ranked Rhode Island 11th in the nation in a state-by-state analysis of how state economies are transitioning to economic development strategies that focus on the creation and retention of high-wage jobs in growth industries. Rhode Island has moved up four places from its 2007 Index position, and has moved up from 29th when the Index was first issued in 1999.
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Atrion Networking Corporation Expands Operations in Rhode Island
Wednesday, November 12, 2008 - 15:30
Atrion Networking Corporation has expanded its Rhode Island operations with the creation of its new Customer Interface Division. Utilizing Atrion’s cutting-edge business solution technologies, the CID allows businesses of all sizes a state-of-the-art approach to meeting current and future client demands.
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NUWC Awards $35M IT Contract to Three Aquidneck Island Companies
Wednesday, November 12, 2008 - 13:16
Rite-Solutions announced that along with its subcontractors Science Applications International Corporation and Systems Resource Management Inc., it has been awarded a contract by the Naval Undersea Warfare Center Division Newport to provide information technology support services. This contract has a total value of $35 million if all options are exercised.
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RIEDC Partners with Alternative Lenders and Growth Capital Experts to Help Rhode Island Businesses Find New Sources of Capital
Monday, November 10, 2008 - 11:14
RIEDC will host two financing educational seminars this month targeting the state’s small business community: “Navigating the Credit Crunch: Alternative Lending Sources” on Wednesday, November 19 at noon and “Financing Fast Growth” on Tuesday, November 25 at 10 a.m.
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RIEDC Designates CVS Caremark Expansion a Critical Economic Project
Thursday, October 30, 2008 - 08:01
A $30-million expansion project proposed by CVS Caremark Corporation that would add more than 200 new jobs over the next two years has been assigned expedited permitting status by the Rhode Island Economic Development Corporation (RIEDC) board of directors.
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Support from RIMES Yields Increased Profits and Jobs for Local Manufacturers
Wednesday, October 29, 2008 - 10:07
The Rhode Island Manufacturing Extension Services, a non-profit organization providing complete manufacturing solutions to Rhode Island's small and medium-sized manufacturers, announced that it has yielded a positive return of a $450,256 investment by the National Institute of Standards and Technology of 42 to 1 for the Rhode Island economy.
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Slater Technology Fund Invests in P&H Therapeutics
Wednesday, October 29, 2008 - 09:34
The Slater Technology Fund today announced that it has committed $500,000 to P&H Therapeutics, Inc., a Providence-based company developing next-generation drugs to treat hypertension and dyslipidemia.
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Mission Report: September Hong Kong Jewelry and Watch Fair
Monday, October 27, 2008 - 14:42
The Rhode Island Economic Development Corporation partnered with the state of New York to recruit jewelry companies from both states to participate in the Hong Kong Jewelry and Watch Fair 2008. As a result of this successful collaboration, 14 jewelry manufacturers who are new to the Hong Kong market were able to participate in the September show.
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Rhode Island’s Greenest Commercial Building Opens for Business
Thursday, October 23, 2008 - 13:09
Revolutionary new office building in Providence’s Promenade District is Rhode Island’s first and only Net-Zero commercial environment, with all heating, cooling and electricity provided by the sun.
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RIDOT Opens New Route 403 to Highway Traffic
Wednesday, October 22, 2008 - 14:48
Governor Donald L. Carcieri joined the Rhode Island Department of Transportation (RIDOT) in a ceremony on the North Kingstown/East Greenwich line to preview the new Route 403 Relocation Project.
Melissa Withers