Friday, February 1, 2013
Planning Decisions, Inc. and Charles Colgan, Ph.D., University of Southern Maine, deliver positive and constructive report on America’s Cup event to the Rhode Island Economic Development Corporation.
Friday, February 1
The following was released by RIEDC: Rhode Island – and specifically, Fort Adams State Park – is well-positioned to host large marine events after seamlessly executing the America’s Cup World Series (ACWS) last summer, according to the Large Marine Events Benefits Assessment Modeling Report by Planning Decisions, Inc. and Charles Colgan, Ph.D., University of Southern Maine. The report had a two-fold purpose: first, to analyze the fiscal impact of the ACWS, and second, to act as a learning tool for the state to better host comparable large marine events in the future. The feedback came from a random survey of visitors on all nine practice and racing days in the public areas of Fort Adams, resulting in a test field of 1,260 valid responses…
Thursday, May 24, 2012
Helena B. Foulkes is the second state official to resign in the last week amidst the 38 Studios controversy.
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Thursday, May 24, 2012
Economic Development Corporation Vice Chairwoman Helena B. Foulkes has resigned, reports the Providence Journal, the second state official to resign amidst the controversy surrounding 38 Studios, which reportedly has laid off its staff. "I have discussed with the Governor his plans for the Board at the EDC, and I think it is best at this time I resign. I wish him good luck in this very difficult challenge," Foulkes said. Gov. Lincoln Chafee appointed Foulkes to the EDC last year. Foulkes' resignation comes a week after EDC Chairman Keith Stokes stepped down last Thursday in the wake of the controversy surrounding Curt Shilling's video game company. The company, headed by the former Red Sox pitcher, defaulted on a $1.125-million payment to …
Friday, May 18, 2012
The head of the state's Economic Development Corporation has stepped down following the controversy of Curt Schilling's 38 Studios.
Keith Stokes has stepped down as the head of the Rhode Island Economic Development Corporation amid the controversy surrounding Curt Schilling’s videogame company 38 Studios, according to the Providence Journal. The company, headed by the former Red Sox pitcher, defaulted on a $1.125-million payment to the state on May 1. On Wednesday, Schilling and members of 38 Studios met with state and EDC officials in an emergency meeting that was closed to the public. In 2010, EDC approved a $75-million guaranteed loan to the videogame company following 38 Studios’ promise to bring 450 jobs to the state by the end of 2012 and moved its business from Massachusetts to Providence. Stokes, a longtime board member of the EDC, was appointed by former Gov. …
Thursday, May 17, 2012
Governor Lincoln D. Chafee accepted a resignation of Keith Stokes, Executive Director of the Rhode Island Economic Development Corporation yesterday.
Keith Stokes offered his resignation as Executive Director of the Rhode Island Economic Development Corporation (RIEDC) on Wednesday, May 16. It was accepted by Governor Lincoln D. Chafee. "As a lifelong Rhode Islander, I am grateful for the opportunity to have served at the RIEDC," said Stokes. "I have dedicated my entire career to a state I love very much with the desire to create a better place for Rhode Islanders to succeed and to raise their families. I will continue to be involved in the future." Stokes said he plans to spend time with his family for now. Stokes, a Newport native, was appointed to the position in January 2010. Before that, he served as Executive Director of the Newport County Chamber of Commerce for over 15 years…
Thursday, April 12, 2012
The RIEDC says that the construction to prepare Fort Adams for the America's Cup is 75 percent complete and on schedule to be completed by May 1.
“Who has anything like this?” asked Keith Stokes, Executive Director of the Rhode Island Economic Development Corporation (RIEDC), as he walked through the active construction projects at Fort Adams State Park on Wednesday morning. Stokes said that although Newport has lacked the infrastructure to attract maritime activities in the past, the projects will not only make Newport a competitive venue, but with its history, charm and sailing conditions, Newport will rise into a league of its own. “It’s Newport," he said. "It’s a place people want to be." In November 2010, the RIEDC posted a request for proposal to hire an engineering firm to develop plans for a two-phase project including land and marine upgrades at the park. A $662,000 …
Sunday, February 26, 2012
The RIEDC spoke to Newport County small business owners on Friday morning, to provide an overview of the array of resources available.
The Rhode Island of Economic Development Corporation (RIEDC) hosted a community outreach forum at the Community College of Rhode Island (CCRI) on Friday morning that stepped Newport County small business owners through the different resources that are available. In his introductory address, Governor Lincoln Chafee said during these tough economic times, he would like to see the State assist small businesses through management of property taxes. "The greatest inhibitor to economic growth is high property taxes. . .our goal here is to do what we can to help out the property tax,” Chafee said. Jody Sullivan President of the Newport County Chamber of Commerce thanked Chafee for his commitment to small businesses. “We are lucky that he …
Friday, February 11, 2011
RIEDC Director Keith Stokes, Lila Delman principals and other Newport officials met Thursday to discuss bringing more European tourists to Newport, specifically from England.
Newport and Rhode Island residents and officials met Thursday afternoon at Lila Delman Real Estate to discuss how to attract long-term tourists who would be more likely to invest in real estate in the area. Nick Churton and Annette Reeve of Mayfair International Realty, London, Rhode Island Economic Development Council Director Keith Stokes, Katharine Flynn, Director of Business Development for RIEDC, Newport City Councilor and Lila Delman agent Kathryn Leonard, and other Lila Delman principals discussed how to foster concurrent real estate tourism and economic development in Newport. Stokes pointed out the similarities between England and New England, especially Newport, and that the city should make tourists from overseas aware of …