Dear Rhode Island business and community leaders: This is an exciting week in our state. As the week begins, we’re writing you in order to reflect upon Rhode Island’s economic progress to date and to thank you for your contributions to our collective work. This Week in Rhode Island First, Governor Raimondo and we on [...]
Opportunities in Manufacturing: Growing Sales of Existing ProductsThe Maker Movement – Feeding Today’s Manufacturing IndustryDealing with the Changing Landscape in the Manufacturing Workforce – Part 1Dealing with the Changing Landscape in the Manufacturing Workforce – Part 2
Service Organizational Control (SOC) - In the modern world, it has become common practice for organizations to outsource certain functions for business processes to third parties, rather than performing all processes “in house.” When an organization decides to outsource a core business process to a third party, the risk of the service organization often times [...]
PMPA: With 80 companies responding, the PMPA Business Trends Index for May 2019 came in at 140, making it our 6th highest month ever recorded. While sales outlook dropped to a negative reading for the first time since October 2016, our Sentiment indicator for Profitability rose, while Lead time remained level. Forward looking sentiment for [...]
6/27/19 The Senate passed the 2019 National Defense Authorization Act. The bill includes Senator Whitehouse’s bipartisan USE IT Act to support carbon utilization and direct air capture research, and his bill with Senators Jack Reed (D-RI) and Dan Sullivan (R-AK), the SEA FUEL Act, to improve the U.S. military’s energy security and reduce carbon emissions called the [...]
The Legislative session ended with some positive and negative results. I would like to commend Speaker Mattiello, House Finance Chair Marvin Abney and the leadership team for formulating a good budget for the business community. This was a tough budget to negotiate through. I believe that the Speaker’s leadership was a major factor in producing [...]