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April 29, 2008

R.I. economic development wants to expedite permits

The Rhode Island Economic Development Corporation wants to let businesses looking for an expedited permitting process to promise more jobs and higher wages.

Today, RIDEC announced in a press release that it has revamped the Certificate of Critical Economic Concern –– the process by which businesses can request expedited permits.

“Adjustments to the CCEC program are an important step in realigning Rhode Island's economic development toolkit to support our strategy,” RIDEC Director Saul Kaplan said in a statement, “to build a higher wage economy that provides job opportunities for all Rhode Islanders.”

The new rules will impose several requirements on projects seeking expedited permitting create at least 100 new full-time jobs that have average wages at or higher than 105 percent of the average state wage –– which, according to the Department of Labor and Training, is $37,067.

RIDEC is also working with state agencies –– such as the Department of Environmental Management –– to speed up communications between them for faster responses.

Posted by Brandie Jefferson  at 10:42 AM | Permalink

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