• Chamber Chatter

    For news and events for the business community, check out Chamber Chatter each week!

    As the Newport City Council prepares to hear a proposed ordinance implementing a 6 month moratorium on economic development in the Innovation District, the Newport County Chamber of Commerce and its Board of Directors want to express concern that this movement will not only adversely impact the businesses that currently own real estate or operate active businesses in that area, but we believe it sends the wrong anti-business message to the broader community. This current proposal halts progress in the area

    The Rhode Island Capital Access Program (RI CAP) is a unique small business loan program for loans up to $750,000 for businesses located in RI. It simplifies borrowing for local businesses and provides access to hard to find capital.

    The R.I. Infrastructure Bank is hosting the 3rd annual R.I. Infrastructure Summit on September 26th at the R.I. Convention Center. The Summit brings together hundreds of public and private sector professionals to tackle state and local infrastructure needs, discuss innovative solutions, and connect with project partners.

    Newport Pell Bridge Road Deck Project Update

    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

    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.

  • Chamber Events