PROVIDENCE, R.I. (AP) — A Brookings Institution report has recommended that businesses, government and other entities in Rhode Island invest in several industries to grow the state’s economy.
Gov. Gina Raimondo asked the Brooking Institution’s Metropolitan Policy Program to undertake an analysis of Rhode Island’s economy last spring.
The report released Tuesday found that employment in industries like renewable energy and biotechnology declined at a faster rate in Rhode Island than in any other state from 1980 to 2013.
The report identifies seven industries, including education, biomedical innovation and transportation, as “growth areas” for the state. The report says these sectors foster innovation and have strong exports and higher pay.
The report contains 36 proposals on strategies and actions with costs ranging from less than $1 million to more than $10 million.
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