Providence

Why We’re Still in a Providence State of Mind

 

We can count on Bisnow to shine a light on great things happening in Rhode Island. Last year, the group’s “New England Presents” series included a panel called “Investing in Rhode Island.” This year, Bisnow hosted “Providence State of the Market,” which brought together an incredible mix of representatives from the public and private sectors for two panels that talked about many aspects of Rhode Island’s economic turnaround.

 

For the first panel, “Providence on the Rise,” Rhode Island’s Secretary of Commerce, Stefan Pryor, joined Bonnie Nickerson, director, Department of Planning and Developing for the city of Providence, and Christine West, principal at Kite Architects, while Alden Anderson Jr., senior vice president at CBRE and chairman of the GPCC board, moderated.

 

This session focused on how Providence has been successfully engineering the transformation of its commercial real estate landscape. The panel talked about the city’s exciting new developments, projects like the Wexford Innovation Center and others that are coming to fruition on the land that was formerly I-195. They also discussed plans surrounding GE Digital, Infosys and Trade Area Systems—just three of the 30 companies that have recently landed or expanded in Rhode Island.

 

Another hot topic: Rhode Island’s emphasis on innovation—our small state has an outsized presence in the innovation ecosystem. It’s a rich place for tech transfer because the state actively cultivates creativity. We see that with RICC’s Innovation Voucher program, which allows companies with fewer than 500 employees to receive grants of up to $50,000 for R&D assistance from a local university, research center or medical center. There are Industry Cluster Grants that encourage companies to work together to solve problems, exchange ideas and develop talent. And last—but certainly not least—there’s the Innovation Campus program, being created in partnership with the University of Rhode Island.

 

When talking about regional economy, Secretary Pryor revealed that Rhode Island is working closely with other states on energy—particularly wind energy. As home to the country’s first wind farm, the state is at the forefront of future-forward energy developments and strategies. The clear advantage: partnering with other states that are considering innovative clean-energy technologies.

 

The panelists agreed that the progress in Providence is overlaid on a vibrant and diverse city, making for a dynamic place to live and work—which makes it perfect for today’s young professionals. And it also makes a perfect tie-in to the second panel, titled “Providence as a Live, Work, Play Destination.” The session included Providence Mayor Jorge Elorza, Cornish Associates Managing Partner Buff Chace, Vision Properties President Rick Shaffer, ZDS Managing Principal Eric Zuena, M&T Realty Capital Corporation VP/Managing Director Daniel Kerner, with BOND Brothers Director Bo Koloski serving as moderator.

 

The discussion centered on the city’s dense and walkable urban fabric. Mayor Elorza has a lot to be proud of in Providence, including its rich and vibrant arts and culture scene. Residents have a passion for the city and all it has to offer—such as exhibitions on display at the Rhode Island School of Design Museum and activities put together by the WaterFire arts organization.

 

Providence is exceptional in its ability to work collaboratively with developers to get projects done. In that vein, Mayor Elorza told us that in his view the public sector’s role is teammate to private industry, as well as creator of a culture that encourages more private-sector investment. He mentioned a project that will be officially announced in the next few weeks: a commercial development plan that will transform the banks of the Woonasquatucket River into a “river walk.” The Woonasquatucket Vision Plan encompasses a 20-year master plan to guide development along the river from Olneyville to the Providence Place Mall.

 

Right now, more than $500 million in construction is happening in Providence. Mayor Elorza said: “What we’re witnessing now is something we haven’t seen in a generation. … It’s the most construction we’ve seen in at least 30 years.”

 

It was exciting to hear such positive reports on so many fronts from the speakers at these panels. The energy around our state—and particularly the capital city—is really jumping, and we are looking to continue amping up the electricity of economic development here in Rhode Island.

Business Optimism All Around Us

Survey Results: 65 Percent of Local Business Leaders Say R.I. Economy Will Be in Better Shape in Next 12 Months

What’s the momentum behind Rhode Island’s local economy really like? To find out, we asked the more than 250 prominent business and civic leaders who attended our 18th annual Economic Outlook Breakfast, cohosted with Santander Bank on Monday.

After sharing his thoughts on the tremendous potential of Rhode Island’s economy, Mike Lee, managing director of Santander Commercial Banking, facilitated a real-time survey in which the attendees answered questions about the state of the local and national economy and the key issues facing their companies. We even got in a question about the Red Sox. Joining Mike to discuss regional business issues were Kelly Coates, president and chief operating officer for Carpionato Group; Maureen Boudreau, director of healthcare technology for Johnson & Johnson; and James Karam, president and founder of First Bristol Corporation. 

Net-net, optimism about Providence and Rhode Island was the dominant theme.

What grabbed my attention was that:

Nearly 54 percent of you believe that the U.S. economy will be in better shape over the next 12 months, while 28 percent believe it will stay about the same. 

Seventy-one percent of you believe your business is in better shape this year than last year, while 8 percent said it is in worse shape today.

Forty-two percent of you cited revenue and sales growth as the most challenging issues your businesses expect to face in the next year, while 28 percent noted talent shortage, 10 percent selected regulatory requirements and seven percent chose managing “big data” and cybersecurity. 

Nearly 55 percent of you said that you will be hiring over the next year. 

Forty percent of you indicated you will be hiring because current staffing levels cannot meet demand, while 26 percent of you selected projected sales growth, and another 25 percent noted you would be hiring because you need skills not possessed by your current staff. 

When asked about your current workforce, you cited team building and group dynamics at 54 percent and technology skills at 39 percent as the top two areas that need development.  

Oh, and last but not least: 55 percent said the Red Sox will not win the World Series. I’m sure there are some Yankees fans smiling at this!


My key takeaways from this breakfast? As confidence in the economy grows and Rhode Island secures more wins like Infosys and Johnson & Johnson, it’s important that the business and civic leaders represented at the breakfast this week continue to engage in meaningful conversations about Rhode Island. Together, we must stay focused on helping all Rhode Island companies thrive so that we maintain a competitive and attractive business climate for the long-term.

To hear more about what Rhode Island’s business leaders have to say about the state, read our blog post about the Providence: An Economic Recovery Story event we also hosted earlier this month. 

150 Years of Baubles, Bling and the Rise of America’s Only Jewelry Billionaire

Throughout 2018, we will be posting to our Then and Now blog series to unearth the roots of our state’s key industries. Today, our earliest entrepreneurs and Rhode Island’s rich and surprising history of jewelry manufacturing.

Then
In the 1880s, Rhode Island was the No. 1 state for jewelry manufacturing, accounting for one quarter of the entire country’s production, thanks to the more than 200 Providence-based jewelry firms that employed almost 7,000 workers. How did the smallest state become the “jewelry capital of the world”? 

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To put our finger on the industry’s origins in Rhode Island, we have to trace back even further, to 1794, when a man named Seril Dodge opened his jewelry store on North Main Street in Providence. He made shoe buckles that the dandies of that day took a shine to. But it was his nephew, Nehemiah Dodge, who would go on to develop an early process to plate lesser metals in gold and silver, whetting the nation’s appetite for inexpensive jewelry. Around the Dodge family, a generation of innovative jewelry manufacturers sprang up. A Jewelry District hummed to life in Providence, powered by an immigrant labor force. And around the country, the Industrial Revolution spurred increased production and economic growth. (Of note, Rhode Island is also widely credited as the birthplace of the Industrial Revolution. In 1790, English immigrant Samuel Slater built the first American factory to successfully produce cotton yarn with water-powered machines.) 

Jewelry-making in Rhode Island flourished for a century, and rags-to-riches stories abounded. The Great Depression put growth in the Jewelry District on pause until after World War II, but Rhode Island emerged from wartime with manufacturing as its dominant activity. And though the Jewelry District was bisected by the construction of Interstate 195 in the 1960s, jewelry represented the state’s largest manufacturing sector by 1978. At that time, Rhode Island produced 80 percent of the country’s costume jewelry and employed 32,500 workers in the industry.

Along the way, evolving trends in fashion helped feed demand for Rhode Island-made baubles. As Peter DiCristofaro, the jewelry historian who founded the Providence Jewelry Museum, tells it, “You had the counterculture, birth control—and pierced earrings. In the ’70s you had disco jewelry, and in the ’80s you had big hair and big jewelry.”

Then came a steep and sudden decline in sales. Fashions changed, and overseas companies that offered cheap labor began competing with local makers. Many Rhode Island companies went out of business. Factories closed. By 1996, only 13,500 people remained employed in jewelry in the state. 

Around the country, manufacturers were telling similar stories. According to the Bureau of Labor Statistics, in 1960, about one in four American workers had a job in manufacturing. Today fewer than one in 10 are employed in the sector.

Carolyn Rafaelian, founder of Alex and Ani. Photo by Rhode Island Monthly magazine

Carolyn Rafaelian, founder of Alex and Ani. Photo by Rhode Island Monthly magazine

Now
Nevertheless, the one-time “jewelry capital of the world” is undergoing a revival. Besides being home to Alex and Ani, the half-billion-dollar brand founded by native Rhode Islander Carolyn Rafaelian, the state can boast one thousand jewelry-related companies. According to a recent WWD account, “Rhode Island’s jewelry manufacturing is a nearly self-sustaining ecosystem—invisible to those not in-the-know. Stuffed into unassuming pre-war millhouses, their floorboards are worn to a sloping sheen and the sound of arcane machinery fills the air with a droning hum.”

Tiffany & Co., David Yurman, Shinola and Jennifer Fisher all now manufacture their wares in the state. From its HQ in Cranston, Jewelry Concepts has become a world leader in personalized jewelry, annually producing over one million unique personalized jewelry items. And companies like Luca + Danni and Alexys Ryan are quickly writing their own success stories. Why the return to manufacturing in Rhode Island? Besides the public’s embrace of the Made in America movement, jewelry makers cite frustration with quality control and delays experienced with overseas manufacturers. Designer Pamela Love, who manufactures part of her line in Rhode Island, recently told WWD, “The quality is fantastic, [the Rhode Island factories] do such a great job. I think that the chain factories, the finding factories are on par with Italy.”

Today, Rhode Island once more has the highest concentration of jobs in the jewelry industry in the United States. The 30-year-old Providence Jewelry Museum, which has long resided quietly on a dead end street in Cranston, is now being made over as the National Jewelry Museum and will be opened to the public. It will move to Providence, where it can better put the state’s industrial past on display, in the form of 50 Providence-made machines, 200 pieces of jewelry and 20,000 company samples spanning more than two centuries of jewelry making. Museum president Edward Lemire says, “We are on a mission to make [the museum] a bigger, better, permanent, public tourist attraction. A lot of people had no idea this all went on in the United States. This will bring that awareness back.”

By most accounts, one jewelry brand in particular has helped Rhode Island return as a world player on the jewelry scene: Alex and Ani, a bangle-making brand founded in 2004. Not only has the brand grown from $4 million in sales in 2010 to $500 million in sales in 2015, but it bridges Rhode Island’s past with its present, since founder Carolyn Rafaelian opened Alex and Ani out of her father’s Rhode Island jewelry factory. She and her sister had worked at the factory as teenagers in the 1960s, and she began to design jewelry herself. Today, her designs have made her America’s only jewelry billionaire, and she sits at the No. 18 spot on the Forbes list of America’s Richest Self-Made Women.

Gov. Gina Raimondo, another native Rhode Islander, also has familial ties to Rhode Island’s bejeweled past: “I had a great life as a kid—my dad had a job at the Bulova Watch company,” she told Rhode Island Public Radio. “Good jobs like his gave people dignity in their work. It’s important that Rhode Island gets [manufacturing] right.”

The governor, whose late father lost his job at the watch factory when work was shipped overseas, has committed to rebuilding and reinventing Rhode Island’s manufacturing prowess. Jewelry will always be an important part of that story. 

Rhode Island: Where Entrepreneurs Come To Thrive

 

When is a startup no longer a startup? That’s a question that Rhode Island companies like Luca + Danni, Maternova and Lotuff Leather have had to seriously consider over the past year, as explosive growth has ensured they’re now among the fastest-growing businesses in the state.

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Luca + Danni, a jewelry brand founded by CEO Fred Magnanimi in 2014 in honor of his late brother, has experienced especially significant growth: In May of this year alone, its e-commerce channel attracted seven figures worth of sales, resulting in over 25,000 orders placed and shipped. That’s a 1,300 percent increase in sales compared to May 2016.

 

Another Rhode Island success story can be found in Maternova, which provides obstetric and newborn technologies to private hospitals, governments, Ministries of Health, NGOs and healthcare professionals around the world. Founded in 2009 by CEO Meg Wirth, who bootstrapped the business for several years with the help of grants and seed funding, Maternova is now cash flow positive, scaling its business model, partnering with several corporates and smaller scale entrepreneurs and selling larger volumes of life-saving innovations. 

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Luca + Danni and Maternova’s respective CEOs, Fred and Meg, will join Jonas Clark, associate director of Brown University’s Jonathan M. Nelson Center for Entrepreneurship, at a roundtable on Nov. 20 to explore entrepreneurship and innovation in Rhode Island. Ellen McNulty-Brown, CEO of Lotuff Leather, will also be on hand to talk about doing business in Providence. The handbag maker, which has been called “the Hermes of the U.S.,” is now carried in boutiques and department stores around the world, having grown from three to nearly 20 employees over a period of several years.

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Fred, Meg and Ellen have all experienced firsthand how Rhode Island’s entrepreneurial ecosystem has grown fertile as a result of the availability of resources, mentors and seed money (in the form of tax credits, grants, angel investment groups and more). Thanks to our governor and legislature’s leadership on pension and Medicaid reform, Rhode Island has reined in structural costs and flattened business’ trajectories with a suite of new incentives aimed at growing businesses and creating jobs. And a strong and tightly connected network of partners and student programs support innovators on their way to the next milestone.

 

Further, the state has devoted numerous spaces, place and accelerators to innovation. One of these is a new innovation district, anchored by a renovated century-old power station that is now shared by Brown University (which houses all of its administrative offices there) and the University of Rhode Island and Rhode Island College (which have jointly opened a state-of-the-art nursing school inside the building).

 

Russell Carey, Brown’s executive vice president for planning and policy, told The New York Times this month: “It’s an unusual partnership—a land-grant school like U.R.I. and an institution like Brown. I’ve never seen anything like it.”


To learn more about entrepreneurship in Rhode Island, we invite you to attend the #WhyRI: Entrepreneurship, Innovation & You roundtable, being held on Monday, Nov. 20, 2017, from 12 p.m. – 1:30 p.m. in the Petteruti Lounge at Brown University (75 Waterman Street Providence, RI 02912). Click here to RSVP. The roundtable is being sponsored by the Greater Providence Chamber of Commerce, Innovation Providence and Brown University’s Nelson Center for Entrepreneurship.

 

And, as always, know that you can count the Greater Providence Chamber of Commerce among the resources readily available for entrepreneurs in the state. We are committed to sparking innovation and supporting new and aspiring Ocean State businesses at every stage of growth.

 

 

Today's "Cranes In The Sky"

The spotlighting of cranes in the Providence skyline continues with this installment: a $20 million eight-story extended stay Homewood Suites by Hilton hotel project.  The developer is First Bristol Corp., led by veteran hotelier James Karam.

The building site sits at the confluence of Exchange Terrace, Steeple Street and Memorial Blvd. in the city's Capital Center District.  The lot, itself, is uniquely compact and triangular which necessitated design finesse and architectural creativity to ensure vibrant, street-level interaction.  The project got underway in earnest this summer.

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With 120 suites being offered, the hotel's target market is upscale professionals who require housing for longer than a few days.  The Providence region is  fertile ground for such an audience given the density of local colleges, universities and hospitals. 

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Homewood Suites by Hilton at the intersection of Steeple Street and Memorial Blvd. in Providence.

Homewood Suites by Hilton at the intersection of Steeple Street and Memorial Blvd. in Providence.

First Bristol Corporation, a leading Real Estate Development and Management firm based in Massachusetts, was selected by Hilton Hotels Worldwide as the National Developer of the Year for its Homewood Suites by Hilton Brand.

Karam started First Bristol Corporation 35 years ago, and has built the family business into one of New England’s premier real estate development and management companies. 

 

 

 

Crane Spotting!

I said I was on a mission! That mission is tracking down all the exciting new construction projects underway throughout Rhode Island and explaining what's being built.  Yes, there are, in fact, lots of "cranes in the sky," and the stories surrounding these projects are quite interesting. The common denominator is that none of these projects would be occurring if investors weren't confident that the economy in Rhode Island is on the upswing.

The Edge College Hill in Providence, located 169 Canal Street

The Edge College Hill in Providence, located 169 Canal Street

In my earlier posts, I spotlighted Wexford Science and Technology's groundbreaking on the former Route 195 lands in Providence, within the new Innovation and Design District.  Then I set off to the main campus of the University of Rhode Island and poked around the largest building project in their history: the complete remaking of its College of Engineering Complex.

Today,  I am showing you what this "crane in the sky" is working on:

DBVW Architects is working closely with Vision Properties on Edge College Hill, a new mixed-use residential project in downtown Providence at the base of College Hill. Located at 169 Canal Street, this new 15-story high-rise will include 202 micro-loft style apartments and first floor commercial space. Amenities for the residential units include a top floor common room and southwest facing terrace as well as a fitness center and first floor lobby/gathering space.

The Edge College Hill is a perfect project for Providence because of our deep concentration of young millennial talent, as Inc. Magazine recently reported. The region is home to elite colleges and universities where students, faculty and staff are all intensely interested in hip, high-design, affordable housing options.

These modernly furnished apartments will primarily be marketed towards students. Features include over-sized windows, high-end finishes, 9' 7" ceilings, fully equipped kitchens and fold-down beds that tuck into contemporary cabinetry when not in use. Residents will be able to choose from views of the Providence skyline, historic College Hill, and the Rhode Island State House.

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Artist's rendering (above) and the building site today.

Artist's rendering (above) and the building site today.

169 Canal Street, formerly a surface parking lot, is a long vacant parcel of land that fronts the highly acclaimed Providence River Walk. When completed, this urban, car-free development will play an important role in fostering a more walkable and livable city. In addition to adding significantly to the number of residents living downtown, the project will encourage new businesses such as restaurants and markets to join Providence's already exciting growth.

 

More Shovels In The Ground in #PVD

Innovation districts are emerging in the downtowns and midtowns
of cities like Atlanta, Cambridge, Indianapolis, Philadelphia, Phoenix, Pittsburgh, and St. Louis, where advanced research universities, medical complexes, and clusters of tech and creative firms are sparking business expansion as well as residential and commercial growth.  

Now, add Providence to the mix. 

With this week's groundbreaking on the former Route 195 land, business, academic and government leaders are partnering with Wexford Science and Technology to create a grand Innovation Center that will be at forefront of discovery.

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Wexford CEO Jim Berens emphasized that the $88 million facility will draw the best minds in research, design and commercialization. "We are excited that our work in Providence will become more visible as we begin vertical construction of the first Innovation Building, anchored by Brown University, the Cambridge Innovation Center and Johnson and Johnson. This represents another step forward in the development of a dynamic Knowledge Community that brings together intellectual capital, innovation and infrastructure to create a center of gravity and congregation that can give a sense of place to the growing innovation and entrepreneurial activities taking place in Providence and across Rhode Island."

In addition to the 66,000 square feet in the Innovation Complex, CIC also is planning to locate an 8,000-square-foot Innovation Hall and Venture Cafe-dedicated civic spaces that are modeled after CIC's highly successful District Hall in the Seaport District of Boston, where the innovation community can gather and exchange ideas.

The Greater Providence Chamber of Commerce has been working for many years to champion an environment in Rhode Island that leverages our amazing assets, including our comprehensive talent base, our world class universities, colleges and hospitals and our innovative businesses. We are confident that progress is accelerating at a rapid pace now.

"Wexford's project has the potential to advance our state's economy in significant ways -- fostering innovation, spurring growth, and building opportunity for all Rhode Islanders," said Rhode Island Commerce Secretary Stefan Pryor. "This project will become the catalytic centerpiece of our revitalized I-195 Innovation & Design District. It represents the culmination of the very hard work of many including our visionary Governor, Gina Raimondo; leaders at the I-195 Commission and the Rhode Island Commerce Corporation; the teams at Wexford Science & Technology, Ventas, CIC, Brown University, and Johnson & Johnson; and state, city, and federal elected leaders. I congratulate these partners on reaching this critical milestone."

Keep the announcements coming!

Software enabled manufacturing start-ups are dominating

The business environment for entrepreneurial-minded manufacturers is getting a lot of buzz. An explosion of digital tools and services has rocked the manufacturing realm, drawing in computer-assisted design and 3D printing equipment, open-source operating systems and the Internet of Things (IoT). 


A recent article in HBR by Mark Muro of Brookings puts it in perspective:  Innovative “tools, resources, and intermediaries are allowing a new generation of serious entrepreneurs to begin to bridge the worlds of hacker space and industry. As a result, software-enabled manufacturing start-ups are poised to have a large economic impact.”  So, how does Rhode Islander’s famed maker-movement plug into this energy? Engaging young, creative minds is the answer.

 

Governor Raimondo’s Rhode Island Promise Scholarship Program is officially rolling out this academic year, Fall 2017. For prospective students to qualify for RI Promise, they must have just graduated from high school or recently obtained a GED, and they would be eligible for two years at CCRI tuition free.  CCRI is hosting enrollment days on August 10th and 17th – a chance for students to ask questions and enroll for this semester. Rhode Island is the fourth state in the country to offer tuition-free community college, an essential credential for the evolving workforce--- particularly in manufacturing.

 

Rhode Island's efforts to spur workforce development don’t stop there.  Along with being the first state to offer computer science to every child in every public school, Rhode Island partners its high schools and community colleges with local manufacturers to give students industry-specific knowledge, workplace tours, apprenticeships and internships.  Rhode Island also offers student-loan assistance to graduates pursuing a STEM or design career.

 

Looking for a place to start and grow your manufacturing business? Providence's deep roots in manufacturing innovation must be seriously examined. Would you like to learn  more?
 
 

Start-Up Environment In Providence Cheered

Summer is a perfect time of year to see Providence in a new light.

Summer is a perfect time of year to see Providence in a new light.

Good news travels fast. We've had a recent spate of positive media attention highlighting the Providence, Rhode Island entrepreneurial communities. This piece in Crain's Boston talks about our legacy as a maker city and as a recent leader in the social enterprise movement.  Kelly Ramirez from Social Enterprise Greenhouse shares her thoughts on how the movement is catching fire. Providence's world class colleges and universities and young talent pool are the key differentiators drawing attention.

FDi Intelligence magazine, a publication associated with The Financial Times in London, has a well researched feature story highlighting our international prowess in the manufacturing sector and how educational leaders are driving Rhode Island's economic resurgence.

I have been on the road recently, as well, promoting Rhode Island's advantages as a place to do business. The Greater Providence Chamber of Commerce and Commerce RI have had a major presence at the Boston Biosciences Leaders Conference, the Social Innovation Summit in Chicago, and BIO International 2017 in San Diego. 

The reaction from business leaders with whom we have met has been consistent: 

  • Rhode Island is definitely on the radar screen for investors. High profile names like GE Digital, Virgin Pulse, Johnson & Johnson, Agoda and Wexford Science & Technology have generated a bit of a curiosity factor. i.e. What's going on in Providence???
  • Our talent pipeline and workforce development strategy is considered smart and unique.
  • Our incentive programs are performance-based and deliver benefits that are most relevant.
  • Rhode Island's business climate is now viewed as increasingly favorable. 

Help us spread the word! If you would like to learn more about Rhode Island as a place to grow and expand your business, reach out to us today.  

 

PVD: An Emerging Silicon Valley Clone

We are so proud that Providence is being recognized by Inc. Magazine for its thriving startup community. In its May 2017 issue, Inc. calls out Providence as one of "The 6 Best Cities to Start A Business Right Now." Here's what they had to say:

The State of Rhode Island has made major investments in entrepreneurship. In 2016 they attracted GE Digital, Johnson & Johnson, Virgin Pulse and a world renowned Cambridge Innovation Center--an accelerator for innovation enterprises.
Rhode Island has created college tuition incentives to attract new talent and used the existing talent of top nearby research institutions like Brown and Harvard to create an emerging Silicon Valley clone. USA Today ranked Brown #1 in the country for applied mathematics.
"We had to make connections to eds and meds, especially for existing companies," said Stefan Pryor, Secretary of Commerce at State of Rhode Island. "We have an Innovation Voucher Program. If a company is looking for R&D we'll pay for a college or university medical center to do that R&D research. We have made 22 of these arrangements so far and increase the funding year after year. It's helping to fuel the innovation economy.

Read the full article here. Share it with you everyone you know!! Make Providence your start-up community. Call us to learn more.

--- Laurie White, president, GPCC

Entrepreneur Providence Re-Launch

On behalf of the team at the Greater Providence Chamber of Commerce, we are happy to announce the re-launch of EntrepreneurProvidenceRI.com.

Over the past couple of months, lots of exciting new projects have come to fruition. The influx of energy and talent has been amazing --- with much more soon to come.

Through the work of our contributors, we will keep you up to date on the flavor of the local entrepreneurial ecosystem and show you why it makes sense to choose Providence.

Check back often for news, events, profiles, rankings and accolades. "Entrepreneurs begin in PVD."

Special thanks to Bank of America and The Beacon Mutual Insurance Company for their underwriting support of this special economic development project.