Last week, Governor Donald L. Carcieri officially signed into law legislation that reconstitutes the Economic Development Corporation (EDC) board of directors and defines the term of employment for an EDC executive director.
The legislation expands the board of directors from nine members to 13 members, and defines the term of employment for the position of executive director of three years, allowing for the state to better attract and retain a candidate and to maintain a consistent economic development policy free from political changes.
“Throughout the course of my administration, we have made it a priority to put forward-thinking measures in place to make both government and our state work better. This legislation will serve as a strong foundation for us to foster progressive economic change for Rhode Island,” said Governor Donald L. Carcieri. “It will also help us chart a more stable course of action to make Rhode Island more competitive, create jobs, assist us in our efforts to attract new growth industries to our state, and spur the growth of a knowledge-based economy.”
News Release: Office of the Governor
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