State Budget: Economic Development Program Gets Half Of Requested Increase

(Providence, RI)--The newly-proposed state budget is spelling out leaner times for a state economic development program.Governor Gina Raimondo requested 100-million dollars more in subsidies for the Rhode Island Commerce Corporation's Rebuild Rhode Island initiative, but she only got half of that increase.Plus, sales tax exemptions will now count towards the total.House Speaker Nicholas Mattiello says the House has followed through on his request to put the Commerce Corporation on a shorter leash.


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