Rhode Island economic development strategy needs to change, and the business community must play a role in shaping the new policies and practices that will create new development, grow jobs and fuel the state’s economy.
That was the message Keith Stokes, the governor’s appointee to head the Rhode Island Economic Development Corporation (RIEDC) told a crowd of close to 200 at the Greater Providence Chamber of Commerce Business Over Easy Breakfast forum held Thursday, January 28, 2010 at the Providence Marriott Downtown.
Despite being on the job for only four days, Stokes touched on a wide range of topics during the hour long presentation moderated by Chamber President Laurie White. From the governing structure of EDC, to taxes, housing, business attraction and transportation, Stokes was energized about seizing the “opportunity” to change the way the state attracts, retains and grows business statewide.
“We need to begin to change the function and culture of EDC,” Stokes said. “As we restructure this entity we need to think not only of the needs of the economy, but how we can allow the private corporate leadership to drive policy change.”
Stokes also noted the organization needs to focus on "data driven policy analysis" which will allow the state to
create a more and proactive strategy.
Chairman of the Chamber’s Board of Directors Bill Hatfield thanked Chamber members for their engagement in the search for an economic development leader and urged those in attendance to continue to be involved.
“It’s important that we continue to send a coordinated and consistent message about why Rhode Island is a good place to do business,” said Hatfield, market president at bank of America. “We as the private sector must make a commitment to be part of Rhode Island’s overall economic development strategy.”