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♪
♪
WITH THE UNEMPLOYMENT
RATE STUCK AT MORE THAN 10%
AND A 38 STUDIOS NOW A BUST,
RHODE ISLANDERS ARE EAGER
ECONOMY.
THIS WEEK, THEY GOT SOME.
A STUDY COMMISSIONED BY
GOVERNOR CHAFEE CALLED FOR
OVERHAULING THE ECONOMIC
DEVELOPMENT CORPORATION AND
REORIONING STATE GOVERNMENT
TO PROMOTE COMMERCE.
WILL THIS LATEST REPORT
SPARK A TURNAROUND OR GET
COST ASIDE.
AND WHAT ARE ROTED ISLAND'S
ADVANTAGES IN THE 21st
CENTURY.
THIS WEEK ON EXECUTIVE
SUITE, TWO VIEWS ON FIXING
♪
♪
SUITE.
I AM TED NESI.
JOINING ME ON THE SECOND
MAZZUCCHELLI.
BUT BEFORE WE GET TO THAT,
JOINING ME NOW IS JOHN
SIMMONS, HES THE EXECUTIVE
DIRECTOR OF THE RHODE ISLAND
PUBLIC EXPENDITURE COUNCIL
THE THINK TANK THAT PUT
TOGETHER THIS STUDY, A HEAVY
STUDY FOR GOVERNOR CHAFEE ON
HOW TO REOR RENT THE
TRAGEDY.
THANKS FOR PEG HERE.
MY PLEASURE.
YET.
SURE.
GLAD TO HAVE YOU HERE.
EYE WATCH.
IT I HAVEN'T HAD THE PLASH
SURE.
I WILL BELIEVE THE LICE.
SO LET'S JUMP IN.
BEFORE WE GET TO YOUR
DO.
I WILL START WITH THE FIGS.
YOU BRIEFED REPORTERS
EARLIER THIS WEEKEND.
WHAT STUCK OUT TO ME.
NOBODY IN STATE GOVERNMENT
WITH REAL AUTHORITIES SOLLIE
PROMOTING COMMERCE AND
MAY SR. PRICE PEOPLE SINCE
YEAH.
LACK OF FOCUS WITH THE STATE
GOVERNMENT ITSELF BY EDC
DISTINCT AND SEPARATE PART
SO WE COULD NOT FIND A
COMPARABLE POSITION AS MANY
OTHERS FOR INSTANCE.
THOSE WERE HELPING THE POOR
OTHER OTHER RAREAS SEGMENTS
OF OUR COMMUNITY AND
REPRESENTED BY INDIVIDUALS
WITHIN THE STATE GOVERNMENT
AND WE COULD NOT FIND
SOMEONE WHO WAS PROMOTING
COMMERCE WITHIN RODE ISLAND
ON CONSISTENT BASIS WITHIN
GOVERNMENT AT THE HIGHEST
LEVEL OF STATE GOVERNMENT.
I KNOW, THAT WAS APPARENTLY
LACKING WHEN YOU LOOK AT
OTHER STATES FOR UNSTANCE.
OVER STATE, NEW ENGLAND.
THERE IS A G.AL FUNCTION,
THERE IS A GOVERNMENTAL
FUNCTION.
WE BELIEVE THAT IS THE FIRST
PART OF THE RUSS LOSING TO
PUT IT BACK TO STATE
GOVERNMENT.
TO HAVE THE STATE GOVERNMENT
FOCUS ON CONGRESS AND THE
PROMOTION OF THE ECONOMIC
DEVELOPMENT.
THAT MAY BE PART OF THE
CONFUSION FOR PEOPLE.
AGENCY.
WAS THE IDEA WHEN GOVERNOR
1990s.
YOU THAT I APPROACH HAS NOT
WORKED.
WE BELIEVE THAT APPROACH HAS
NOT WORKED.
SIMPLY YOU HAVE NO ONE IN
GOVERNMENT PROMOTING
COMMERCE OR BUSINESS.
THIS IS AN ENTITY BY THE
CHALLENGE WAS TO BE DISTINCT
IN SEPARATE GOVERNMENTS BUT
THE STATE.
AND THEN WHEN HE LOOK AT THE
ADMISSION FROM THE EDR, IT
IS TO PROMOTE JOBS OR HELP
BUSINESSES.
IT NOT ABOUT THE BARTER AP
THE ECONOMIC DEVELOPMENT
PLAN OR THE BUSINESS CLIMATE
AND IT HAS NO STATUS IN
THOSE AREAS OR BE ABLE TO
MAKE REAL FUNDAMENTAL
CHANGES WITH HOW OUR ECONOMY
IS PER RECEIVED OR HOW IT
WORKS.
LET'S TURN TO THE
RECOMMENDATION.
THE BIG SUGGESTION THAT IS
GETTING THE MOST ATTENTION.
IT WOULD REDUCE THE RUSE OF
THE ADC.
THE EDC WOULD STILL EXIST
BUT WOULD YOU CREATE NEW
SECRETARY OF COMMERCE JOB AN
OFFICE TO GO WITH IT.
ANYTHING.
THE KEY FOR YOU.
THE SECRETARY WOULD REPORT
TO THE OF NOR.
WHAT IS THE IDEA THERE INTO
AGAIN, TO PUT INTO THE
STATE GOVERNMENT.
THE GOVERNOR'S OFFICE WHICH
WAS NORMALLY HELD
RESPONSIBLE FOR THIS SOMEONE
WHO CAME IN EVERY DAY TO
WORK ON COMMERCE AND
PROMOTION OF COMMERCE WITHIN
THE STATE.
THAT WOULD BE ABLE TO
TRANSFER INFORMATION TO BE
ABLE TO HELP OTHER
DEPARTMENTS TO THINK ABOUT
COMMERCE IS AN IMPORTANT
PART OF THE STATE.
WE DON'T HAVE THAT NOW.
THOUGH?
IT.
YOU HAVE DONE.
IT YOU HAVE SERVED IN
GOVERNMENT AS WELL AS
OUTSIDE OF GOVERNMENT.
IF YOU DON'T HAVE SOMEONE
THAT COMES IN WHERE A
DEPARTMENT OR FOCUS OR A
QUESTIONS TO HOW THIS IMPACT
BUSINESSES WITH WITHIN THE
IS NOT CONSIDEREDMENT WE
BELIEVE IT NEEDS TO BE.
IT NEEDS TO BE AT THE
GOVERNMENT.
WE HAVE LOOKED AT ALL 50
STATES AND MAJORITY OF THEM
HAVE SOMEWHERE IN THE STATE
GOVERNMENT CLOSE TO THE
GOVERNOR, SOMEONE THAT HAS
THE STAFF, SUPPORT THAT
CONSIDERS HOW GOVERNMENT CAN
HELP.
DEVELOPMENT.
I THINK COMMERCE TODAY, WE
DON'T HAVE IN IT IS SOMEONE
WHO IS PROACTIVE FOR
BUSINESS OR THE CONGRESS
ITSELF P. WE HAVE REG
WILLING STORY, WE HAVE
PERMITTING, WE HAVE ENTITIES
THAT WORK FOR LABOR, THERE
ARE MORE PEOPLE IN STATE
GOVERNMENT OR TO WORK ON
PEOPLE WHO ARE UNEMPLOYED.
FOR IN STANCE.
BUT WE HAVE NOTHING WITHIN
STATE GOVERNMENT THAT SAYS
WE ARE HERE ARE TO HELP AND
PROMOTE.
AS WE ARE SET TO TAKE THIS
CHANGE AND MAKE THIS STATE A
BARRIER.
I KNOW OUR VIRES WHO ARE
SKEPTICAL OF GOVERNMENT JUST
AS THE FIRST PRINCIPAL.
I WAS INTERESTED.
YOU FOUND EVERY STATE IN THE
UNION HAS SOME SORT OF
GOVERNMENTAL ROLE IN
PLOATING ECONOMIC
DEVELOPMENT.
APPROACH.
WE COULD NOT FIND
ANYONE.
WE FOUND THAT SOME HAVE A
SIMILAR ARRANGEMENT AS RHODE
ISLAND AN AGENCY THAT IS
DOING IT.
WHERE WE FOUND AND THE MAJOR
THINK OFETTE AS IT WAS IN
GOVERNMENT CLOSELY RELATED
TO THE GOVERNOR ITSELF.
FOR INSTANCE, ALL SIX OF THE
STATES HAVE A SOMEWHERE IN
THE STATE GOVERNMENT THAT
FUNCTION.
YOU ALSO WANT TO RENAME
THE EDC AND CALL THE RHODE
ISLAND COMMERCE
CORPORATION.
OBVIOUSLY TO PEOPLE SAY,
CHANGE.
WHY IS THAT IMPORTANT INTO
IT IS A CHANGE.
IT IS COSMETIC BUT THE BRAND
INTERVIEWS.
WE DID ABOUT 75 INTERVIEWS
OVER 100 PEOPLE AND ATTENDED
THE RHODE ISLAND FOUNDATION
EVENT WHICH HAD 300 PEOPLE
AND THE MAYOR TY OF THE
PEOPLE WE TACKED TO SAID THE
BRAND NAME OF EDC WAS
SOTAINERRED, SO TOXIC, THAT
WITH THE APPROPRIATE BUT
ALONG WITH THE MISSION AND
THE VISION CHANGE AS WELL.
WE BELIEVE THE COMMERCE
INWARDLY LOOKING.
WHATS THE ECONOMIC ACTIVITY
THAT SHOULD BE DEN AND IT
SHOULD BE CUSTOMER CENTRIC.
THAT IS BUSINESSES SHOULD
HAVE SEASON WITH THAT HELPS
THEM OUT ON THE PARTICULAR
NEEDS ALONG GOVERNMENTAL
LINES.
AND ANOTHER KEY THING
HERE WAS THE COMMERCE
CORPORATION WHAT WAS THE EDC
UNDER THE RECOMMENDATIONS
THAT WOULD EXIST.
IT WOULD BE SORT OF
EXECUTING TRAGEDY PUT
TOGETHER IN THE GOVERNOR'S
OFFICE AND BUY ELECTED
POLICYMAKERS AND THEIR STAFF
ON OVERALL ECONOMIC
STRATEGY.
WELL, IT IS BROADER.
WWE HAVE A RECOMMENDATION,
THEY ACTUALLY TAKE A STEP
BACK AND HAVE A LARGE GROUP
OF DIVERSE STAKE HOLDERS
WITHIN THE STATE.
DEVELOPMENT PLAN FOR THE
STATE AND THAT OTHERS CAN BE
ALOONED TO AT THIS TIME AND
BE COORDINATED WITH THAT
PLAN AND THEN WE BELIEVE THE
COMMERCE CORPORATION SHOULD
TAKE ITS OWN POLICY FROM
THAT POINT ON AND HOW DO
YOU, CUTE THE ECONOMIC
DEVELOPMENT TRAGEDIES DONE
BY MORE COLLECTIVE CONSENSUS
GOVERNOR AND OTHER.
WE FEEL IN THAT ONE, IN THAT
SENSE, THEY ACTUALLY
FULFILLING THEIR MISSION.
THAT IS TO HELP
FUNDAMENTALLY CREATE THE
ECONOMY, THE ENVIRONMENT
TOLL WHICH THE ECONOMY CAN
GROW, BUSINESS CAN DRE AND
HELP WHERE IT IS NECESSARY
AND BE CUSTOMER ORIENTED.
I HEARD CRITICISM THAT IDEA
THAT YOU PUT FORWARD THAT
THE NEW COMMERCE SECRETARY
WOULD OVERSEA THE DEPARTMENT
OF BUSINESS REGLITION AND
THE DEPARTMENT OF LABOR IN
TRAINING AND THOSE WOULD
EXIST INDEPENDENTLY BUT
SECRETARY OF COMMERCE THEIR
PERSON.
WHERE WILL DID YOU SUGGEST
THAT INTO AGAIN, THIS WAS
CHANGING IN THE AM SIS OF A
MAJOR STATEMENT ABOUT
INTERESTED IN COMMERCE.
YOU CAN SEPARATE OUT THE
YOU CAN SEPARATE OUT THE
TYES FROM THAT RELATIONSHIP
AND THEN YOU SET UP ANOTHER
DEPARTMENT OF EQUAL WEIGHT
IN A SENSE OF ACROSS THE
STATE LINE.
WE WANTED TO PUT IT IN THE
GOVERNOR'S OFFICE AS HIGH UP
AS POSSIBLE TO SAY WE ARE
NOW ABOUT GETTING A PARTNER
TO BARRIER.
IF YOU LOOK AT THENTIES WE
TALKED ABOUT THERE ARE ALL
BUSINESSES.
WE HAVE A MAJOR CHANGE NOW.
OFTEN ROADBLOCKS.
WELL, IF YOU LISTEN TO
WHAT WE HAVE HEARD ON ALL OF
THOSE, ALL OF THOSE
INTERVIEWS AND DISCUSSIONS
THE BASIC CONCEPT WAS THEY
ECONOMY BUSINESSES.
GOVERNMENT.
WE WANT TO CHANGE THAT
DYNAMIC.
WE BELIEVE IT CAN BE AND
STILL MAIN AND THE FUNCTION
BECAUSE OUR RECOMMENDATION
SAYS THE STATUTORY
CONSTRUCTION OF THE OTHERS
WOULD STAY AS THEY ARE AND
THE PERSON WOULD REPORT TRUE
TO THE SEC TARLY THAT WOULD
COORDINATE AND ALOON THE
ACTIVITIES OF THOSE THREE
DEPARTMENTS TO BE OB THE
OTHER SIDE AS OPPOSED TO
WHAT CAN WE DO.
WHAT DO YOU NEED?
WELL YOU SHARED YOUR
RECOMMENDATIONS WITH THE
LAWMAKERS.
S WHAT THE RESPONSE.
WE FEEL IT IS A FAIRLY BRD
SET OF RECOMMENDATIONS AND
THEY NED TO BE ANALYZED AND
VETTED BY EACH OF THE BODIES
AND THE GOVERNOR'S OFFICE AS
WELL AS THE LEGISLATURE.
WE HAVE RECEIVED THE
INTERESTING.
ALL RIGHT.
THE CHAMBER YESTERDAY SAID
THEY SHOULD ACT WITHIN 90
DAYS ON THIS.
I AM NOT FORCING TO YOU
AGREE WITH THAT TIME LINE.
HOW QUICKLY DO YOU THINK
ACTION WILL BE TAKEN.
DAYS.
IT MAY NOT BE ALL IN YOU
APPROACH.
WE'LL BE PROVIDING TO THE
GOVERNOR AN AM PLY MEN
TATION OR TRANSITION PLAN
AND WE BELIEVE THERE ARE
SERIES OF THINGS THAT SHOULD
BE DONE AND SHOULD BE DONE
QUICKLY.
THERE ARE ITEMS THAT ARE
ONGOING NOW.
FOR INSTANCE THE STATEWIDE
PLAN.
THE STATE HAS THAT PROCESS
IN A WAY STARTING.
WE HAVE ASKED IT TO BE
CHANGED TO BE CONSENSUS
DRIVEN.
THAT IS ONGOING.
THAT CAN ECURE IMMEDIATELY.
THE BUSINESS CLIMATE ANNAL
SAYS THAT WE LACKED AT FOR
LEGISLATIVE PACKET TO BE
SUBMITTED CAN BE STARTED
POW.
WE ARE ACTUALLY STARTING
THAT NAIL SIS TO BE ABLE TO
PROVIDE WHATEVER DETAILS TO
A WORKING GROUP IF THE
GOVERNOR SEES FIT TO HAVE.
ALL RIGHT.
WE HAVE TO TICK A BREAK.
WHICH WANT TO THANK JOHN
SIMMONS FOR JOINING ME.
IT IS ON THEIR WEB SITE AND
ALSO ON MY BLOG.
NESSIE'S NOTE ON WPRI.COM.
WHEN WE COME BACK LOU
LOOK.
SUITE.
WELCOME BACK TO EXECUTIVE
SUITE.
AM TED MESSY.
JOINING ME NOW IS LOU
MAZZUCCHELLI WHO FOUNDED A
THRIVING PROVIDENCE-BASED
'9Os.
THANKS FOR BEG HERE.
GOOD MORNING, TED.
LOU, YOU HAVE TACK AND
LOOK AT SOME OF THE
STUDY.
WHAT DO YOU NI WELL, I
SAME PAGE.
I ACTUALLY COPIED PAGE 40 OF
THAT REPORT.
AM OPEN TO THAT, TOO.
GREAT MINES THINK ALIKE.
REACTION.
I THINK THE REPORT IS
COMPREHENSIVE.
THERES A LOT OF GOOD DATA IN
IT.
IT IS HEAVY ON STRUCTURAL
SOLUTIONS.
YOU KNOW, LEADING WITH
BRANDING, I HAVE SOME ISSUES
WITH AND I THINK THAT IS
PARTIALLY BECAUSE THE GRAND
EQUITY FOR THE EDC OUTSIDE
NOT NEGATIVE.
AND SO YOU KNOW, USING
RESOURCES TO REBRAND
SOMETHING THAT MAY NOT
MATTER IS ACTUALLY
QUESTIONABLE.
I HAVE SOME ISSUES WITH IN
LIGHT OF THESE KINDS OF
OBJECTIVES FOR THOSE WHO
CANNOT SEE THIS PAPER.
IT WOULD BE ON THE PLOG,
THAT IS RIGHT.
HERE IS A SET BY WHICH YOU
COULD MEASURE AN AGENCY LIKE
WHATEVER.
I WOULD ARGUE IF EDC HAD
BEEN MANAGED TO THESE.
DISCUSSION.
JUST SO PEOPLE
UNDERSTAND.
THIS IS JOHN SIMMONS AND THE
REPORT LOOKED AT IN MICHIGAN
THEY HAVE SERIES OF METRICS
DEPLOYED CAPITAL, RETAINED
COLLEGE GRADS WHICH ARE
LOOKED AT BY THE ECONOMIC
DEVELOPMENT AGENCY THERE TO
SEE IF THEY ARE GETTING THE
JOB DONE.
IF THESE HAD BEEN PART OF
THE OBJECTIVES OF THE AGENCY
PEOPLE ARE HELD
ACCOUNTABLE.
SITUATION.
BUT NONE OF THOSE THINGS
HAPPENED.
YOU GIVE A FASCINATING
BACK.
WERE YOU TALKING TO STUDENTS
OR EDUCATORS IN SCIENCE
TECHNOLOGY WHICH IS EN GY
KNEE NEARING ABOUT ECONOMIC
DEVELOPMENT OVERALL.
AND THE FIRST THING I WANTED
TO ASK YOU ABOUT FROM THAT.
MADE DISTINCTION BETWEEN
STICKY RESOURCES AND
NONSTICKY RESOURCES.
WHAT WAS THAT ABOUT M WELL,
IF YOU LOOK AT SOURCES OF
COMPETITIVE ADVANTAGE.
WHAT WE ARE TRYING TO THINK
ABOUT WHAT MAKES RHODE
ISLAND UNIQUE THEN UNIVERSE
OF STATES THAT ARE COME
MEETING FOR THINGS.
A HEAVY RESOURCES OR
RESOURCE THAT CANNOT BE
RELOCATED OUT OF THE STATE
EASILY LOOK THE INFORMAL WAR
UNIVERSITY.
THEY WILL NOT PULL UP STATES
AND GO.
A CORPORATION AT RANDOM IS
MUCH MORE VOLATILE.
RIGHT.
THERE IS GENERALLY NOT MUCH
HOLDING THEM TOLL THE
STATE.
AND IF YOU BASE A POLICY
BASED ON THOSE LIGHT
RESOURCES.
AND THEY LEAVE, THE POLICY
CAN SUFFER IN THE WAKE OF
THAT.
THE OTHER THING THAT IS
YOU KNOW?
ECONOMIC DEVELOPMENT IN A
NUTSHELL IS REALLY ABOUT
BRINGING DOLLARS OUT OF THE
SITE THIS THE STATE.
LET ME PAUSE THERE YOU.
PRESENTATION.
OONE OF THE ONES I WON'T
SHOW IS A MAP.
IN ONE SLIDE.
SO KEEP TALKING ABOUT WHAT
YOU ARE SAYING.
HERE IT IS FOR PEOPLE TO
SEE.
GREAT.
STRAIGHTFORWARD.
I MEAN, YOU KNOW, ONE ARROW
GOODS AND SERVICE AIMED OUT
ACROSS THE BORDER AND
ANOTHER ARROW LABELED WITH
BORDER.
NOW THAT DOESN'T MEAN YOU
CAN NOT HAVE LOTS OF
BUSINESSES IN SIDE THE STATE
DOING INTERESTING THINGS BUT
TALKING ABOUT TRADER JOBS
AND THIS IS THE SOURCE OF
REAL ECONOMIC DEVELOPMENT IF
THE PIE.
IF WE CANNOT BRING DOLLAR
HAS THE STATE, WE'LL BE
MORE, AND THE WAYS WE DO
THAT ARE MANY FOLD AND SOME
WE ARE DOING.
TOURISM FOR INSTANCE IS A
GREAT SOURCE OF DOLLAR HAS
TO THE STATE.
DESTINATION EDUCATION IS A
GREAT SOURCE OF DOLLARS INTO
THE STATE.
THE PROBLEM WITH DESTINATION
EDUCATION IS PEOPLE COME,
THEY LEARN, THEY SPEND MONEY
AND THEY LEAVE.
WE DON'T GET THE BENEFIT OF
ANY TALE OF CREATING ALL THE
BRIGHT BRAINS THEY CAN GO TO
CALIFORNIA OR NEW YORK.
THINKING OF RHODE ISLAND
AS EXPORT WE'RE THE UNITED
YOU HAVE TO THINK ABOUT
IT AS EXPORTER BECAUSE THAT
THE STATE.
HE CAN I.
ANOTHER SPOT I WANTED TO
SHOW.
THAT IS CONCERN TO YOU.
THIS IS SMALL BUSINESS
FORMATIONS UNRHODE ISLAND.
THIS IS SOMETHING YOU WANTED
TO HIGHLIGHT TIP THAT
PRESENTATION.
YOU CAN SEE THERE.
AS THE RECESSION COMES UP.
THE NUMBER OF CLOSING STORE
AND OPENINGS TRICKLED DOWN
LOSS.
WHAT I WAS TRYING TO DONE
THE PRESENTATION WAS LOOK AT
THE SILVER BULLETS THAT
PEOPLE ARE HELD ON TO.
THIS IS THE ANSWER.
THUS THE ANSWER.
ONE OF THE BULLETS THAT IS
PROPOSED IS SMALL BUSINESS
PROBLEM.
THE REALITIES.
SMALL BUSINESSES ARE HIGHLY
THEY ARE WONDERFUL.
THEY GO.
THEY STRUGGLE.
MANY FAIL.
OUT.
IF YOU LOOK AT THE LARGEST
PRODUCER OF JOBS ACROSS THE
SPECTRUM OF BUSINESS SIZES
IT TURNS OUT SMALL AND
MEDIUM BUSINESSES THEY ARE
BETWEEN 100 AND 5-00 MILLION
IN REVENUE TURN OUT THE
GREATEST JOB CREATOR.
NOT THE SMALL BUSINESSES.
YOU ALSO LOOKED AT
EMPLOYMENT SECTORS AND THE
SHARED EMPLOYMENT.
I DON'T HAVE THE SLIDE ON
THIS BUT FASCINATING TO ME.
EDUCATION AND HEALTH MAKE UP
A LARGER SHARE OF RHODE
ISLAND JOBS AS ANY OTHER
STATE AS A SHARE OF ALL THE
JOBS AND TRANSPORTATION,
TRADE AND UTILITIES FEWER
JOBS.
WHAT DO YOU MAKE OF THAT?
WELL THE FIRST PART IS
THE LAW OF SMALL NUMBERS IN
TERMSP POPULATION.
WE HAVE A SMALL POPULATION.
THE LATER TER ISSUE REALLY
SPEAKS TO WEAKNESSES IN
THE NIX REQUIRING TO BRING
DOLLAR HAS THE STATE FROM
OTHER PLACES ONE OF THENGS
THIS YOU DO TO ATTRACT
NON-TOURISM AND TOURISM.
IS INFRASTRUCTURE INVESTMENT
AND YOU KNOW, I WAS AWAY
FROM THE STATE FOR 12 YEAR
AND CAME BACK AND FOUND THE
CLAUSE THAT WAS PASLEY THE
WAY I LEFT IT 12 YEAR AGO.
WELCOME OF COURSE
EXECUTIVE SUITE.
MY GUEST IS LOU MAZZUCCHELLI
UNIVERSITY.
REPORTER.
ONE OF MY FAVORITE SLIDES
YOU HAD.
YOU HAD TWO DIFFERENT WAYS
OF LOOKING AT THE MAKEUP OF
THE GENERAL ASSEMBLY.
ONE.
SAID YOU KNOW, AS WE MOW.
THAT IS VERY DEMOCRATIC
STATE.
AT.
THIS IS THE WAY PEOPLE THINK
BILLION THE LEGISLATURE THEY
SAY, OKAY, I IS ONE PARTY.
NOTHING CAN EVER HAPPEN.
THAT IS AGAINST THE WILL OF
THE ONE PARTY.
NUMBERS.
BUT I THINK THAT THIS
PICTURE.
IF WE GO TO THE SECOND SLIDE
LOOK AT IT.
YOU BROKE DOWN HOW THE
GENERAL ASSEMBLY.
BASICALLY THE EMPLOYMENT OF
THE MEMBERS.
HERE WE VIT.
YOU SEE A BIG SHARE OF
WARRIORS AND BIG SHARE OF
PUBLIC NONPROFIT.
A SMALL NUMBER.
WHAT ELSE DO YOU SEE THERE
WELL, THE REASON THIS SLIDE
EXISTS BECAUSE IF YOU THINK
ABOUT MACHININGMENT AND
SCHOOL MANAGEMENT THEORY
THAT SAID THE PEOPLE
KNOW.
BASICALLY PEOPLE DO WHAT
THEY ARE COMFORTABLE WITH.
OKAY.
LET'S LOOK AT THE PICTURE.
WHAT DO THEY SNOW WHAT IS
THEIR REACTION?
AND SINCE THESE ARE
ALL RIGHT.
THESE PEOPLE HAVE SORT OF
SPLIT PERSONALITY LET'S LOOK
AT WHAT WHAT THE REAL LIFE
LOOKS LIKE YOU SEE THE DATA
THERE.
LOOK AT PUBLIC UNION AND THE
BIGGEST CHUNK RETURNS OUT TO
BE RETIRED NONPROFIT.
IF YOU ARE STEPPING BACK AND
LOOKING AT WHAT RHODE ISLAND
HAS BEEN UP TO OVER THE LAST
PENSIONS.
THIS IS WHY WE ARE GETTING
THE RESULT WE ARE GETTING.
LOOK WHAT THE PEOPLE HAVE AT
THE BEST INTEREST.
THE SMALLEST SLIVER THERE
ARE PEOPLE WHO HAVE DAILY
RESPONSIBILITIES AND LARGE
BUSINESSES.
SO IN TERMS OF ALONGING
AT THE PROSPECTS FORPORT FOR
BIG BUSINESS ECONOMIC
DEVELOPMENT THINGS THAT IS
HELPING US TO BE TERRIBLY
OPTIMISTIC.
THE OTHER THNG YOU MENTIONED
IN THE PRESENTATION.
YOU SEE IN RHODE ISLAND A
HIGHER EDUCATION YOU CALLED
IT.
WHAT DO YOU MEAN BY THAT?
WHAT DO WE DO INSTEAD?
THE BIAS TURNS OUT TO BE
IN TERMS OF WHERE THE BIG
RESEARCH DOLLARS ARE.
THERE IS A LOT.
THING.
YOU LOVE COLLEGE BIN TERMS
OF WHERE UNIVERSITIES AND
COLLEGES ARE GROWING, IT
CANNOT COME OUT OF TUITION
SO A LOT OF ADMINISTRATORS
SAID WE'LL BECOME RESEARCH
UNIVERSITIES AND GET-DREADS
EVERYONES TRYING TO PLAY
THAT GAME.
OKAY.
TENDS TO BLIND PEOPLE TOWARD
THE HIGHER EDUCATION
INSTITUTIONS AND IF YOU LOOK
AT THE DESTINATION EDUCATION
ASPECTS OF RHODE ISLAND, AND
YOU LOOK AT THE NUMBER OF
RETAINED COLLEGE GRADUATES
IS NOT HIGH.
OKAY.
YOU HAVE TO SAY, THERE IS
ANOTHER WAY TO BUILD A LABOR
FORCE IF A BUSINESS WANTED
TO THEM STATE? I THINK THE
INNOVATE IFWAY TO THINK
ABOUT THAT O IS TO DO
SOMETHING WITH K12.
HIGH SCHOOL DIPLOMA NOW
IS USELESS.
ALL IT IS IS A PIECE OF
PAPER THAT MAYBE LETS YOU TO
GET INCOLLEGE TO GET A
BACHELOR'S DEGREE.
PEOPLE NEED BACHELOR'S
DEGREES TO FILE REPORTS.
I LEARNED THE ALPHABET IN
FOURTH GRID, I DON'T KNOW
ABOUT.
WE HAD DEGREE INFLATION
PLACING.
AN OPPORTUNITY FOR THE STATE
TO DIFFERENTIATE ITSELF BY
SAYING WE HAVE A HIGH SCHOOL
DIPLOMA THAT MEAN
SOMETHING.
A COMPANY ACTUALLY HIRES
SOMEBODY BASED ON DIPLOMA
BUT THAT WOULD BEGIN TO
DIFFERENTIATE THE WORK FORCE
AND SOMETHING THAT FROM STEP
BACK IN ECONOMIC DEVELOPMENT
WHATEVER.
YOU COULD USE AS A TOOL TRI
STATE.
NOW WHEN HE WAS GOING
CONCERNED IN THE '8Os.
YOU GOT A LOT OF ATTENTION.
I WITH PRESIDENT TO KNOW,
NOT SO MUCH ABOUT THE
SPECIFIC RECOMMEND DIGGING
JOHN.
THOSE WILL BE DELATE BAIT
BUD THE ROLE OF GOVERNMENT
IN ECONOMIC DEVELOPMENT HOW
IMPORTANT IS GOVERNMENT TO
LAYING THE GROUND WORK? I
MEAN SOME PEOPLE, GET IT OUT
OF THE WAY.
WHERE DO YOU.
WHERE DON'T YOU?
LE WITH, I THINK,
CERTAINLY GOVERNMENT IS NOT
IN THE BUSINESS OF PICKING
WINNER AND LOSERS.
WE HAD 25 TO 30-YEAR HISTORY
OF ATTEMPTS MADE THERE.
FAILED.
THAT WOULD BE 38 STUDIOS AND
OTHERS THAT WE COULD PICK
THEM ALL OFF.
OKAY.
I THINK THAT THE GOVERNMENT
IS RESPONSIBLE FOR CREATING
AN ENVIRONMENT THAT IS
FORMATION.
ENVIRONMENT?
A SKILLED WORK FORCE.
DECENT INFRASTRUCTURE.
SMOOTH REGULATORY PATHWAYS
AND SMOOTH LICENSING
PATHWAYS.
MANAGEMENT UNION
ENVIRONMENT.
TICK, TICK, TICK.
THAT, TO THE, IS A
REASONABLE ROLE FOR
ENVIRONMENT WHERE SOMEBODY
WHO WANTS TO DEVELOP A
BUSINESS OR BRING A BUSINESS
TO THE STATE CONDITION SAY
BE.
JUST TWO WEEKS AGO.
THE BUILDING COMPANY THAT WE
LOST.
THAT TO ME IS THE POSTER
CHILD FOR YOU KNOW
BLEN BECAUSE IT WAS NOT A
BIG BUSINESS.
IT WAS SMALL BUS MESS THAT
WE COULD HAVE MADE
DIFFERENCE FOR IT MAKES
SENSE IN THE STATE AND WE
THAT.
WHICH WITHOUT PICKING
WINNERS AND LOSERS.
WHICH SECTORS DO YOU HOPE?
IF THINGS WENT, WHERE DO YOU
GROWTH?
WELL, I THINK, THAT THERE
IS AN OPPORTUNITY IN THE
DESTINATION MEDICINE.
I THINK THERE IS AN
OPPORTUNITY IN MOBILIZING
THE SMALL POPULATION FOR
MARKET RESEARCH AND MEDICAL
DEVICES AND MAYBE DRUGS WE
USED TO BE A HOT SPOT FOR
CONSUMER PRODUCTS.
PEPSI CLEAR WAS IN
AGO.
A STRANGE PRODUCT.
SO YOU KNOW, I THINK WE HAVE
TO BE CREATIVE ABOUT THAT.
I THINK THAT DEVELOPING
INDUSTRIES THAT TAKE
ADVANTAGE OF THE DEEP ORDER
PORT IS SOMETHING WE
KWANERED THAT DAILY A.M. WE
ARE TO CUT YOU OFF THERE.
IT IS A FASCINATING
CONTINUE.
I WANT TO THANK LOU
MAZZUCCHELLI FOR BEG HER AND
JOHN SIMMON WHO JOINED US IN
THE FIRSTFUL THAT DISCUSS
THE REPORT ON FIXING THE
EDC.
IF YOU MISSED THAT CATCH IT
ON THE WEB SITE ALONG WITH
EVERY OTHER EPISODE ON
WPRI.COM.
WE'LL SEE YOU NEXT WEEK.