“As Rhode Island emerges from a once-in-a-century public health crisis, we have a once-in-a-generation opportunity to build a more resilient, prosperous, and equitable state for all,” McKee said. “Making the most of this opportunity will require a collaborative effort to address not only the issues caused by the pandemic, but also those that existed long before.”
The document comes about a week after McKee unveiled plans to spend 10 percent of Rhode Island’s $1.13 billion in American Rescue Plan funding by investing in small businesses, child care, and housing.
The new document focuses on area such as supporting small businesses, investing in child care and early education, prioritizing housing, and addressing climate change.
The report says Rhode Island often struggles to bounce back from economic downturns because it is “not home to deep regional specializations” such as Boston’s biotechnology cluster, New York’s financial sector, and Silicon Valley’s technology companies.
In Rhode Island today, the report says, “there are significant opportunities in advanced textile clusters, as well as new industries in the Blue Economy and biosciences. By focusing our efforts on building a regional advantage in these industries and working across sectors to increase productivity, the state can ensure a thriving economy that will have the resources to support the kind of state in which we all want to live and work in 2030 and beyond.”
To help the state economy…