For news and events for the business community, check out Chamber Chatter each week!
Friday, July 26, 2019
2019 Legislative Wrap-up
The legislature has been forwarding bills to Governor Raimondo for her consideration. While most bills were either signed or allowed to become law without the Governor’s signature, three bills were vetoed: H.6250 and S.46 (Allows a school district to conduct instruction through virtual education up to 5 days when schools have been closed due to inclement weather, emergency or any nonscheduled school closings); and H.6102 (An motor vehicle insurer found in violation of the unfair claims settlement practices act can be liable for 3 times the amount of damages). These three bills could be reconsidered if the General Assembly comes back into session in September or October. A fall session could also include the IGT contract with the Lottery Commission.
Monday, June 24, 2019
Opportunity Zones (OZs) were developed to funnel $6 trillion of private investment into designated low-income census tracts. With the roll-out of this legislation, it appears that without intervention, capital is likely to flow to those OZs that would have seen development anyway, unless community-serving projects that are investment ready are highlighted for Opportunity Funds.
Monday, June 10, 2019
Rhode Island Trade Mission to Toronto & Montreal
This mission, organized by the partnership of the Rhode Island Commerce Corporation, the Chafee Center for International Business at Bryant University, CIDEP, and the US Commercial Service will allow participating Rhode Island companies to gain valuable insights and access the Canadian market, make key industry contacts, solidify business strategies and advance specific projects.