Projo Biz Blog

Senate committee to debate overhaul of Economic Development Corp.

12:10 PM Tue, Jun 02, 2009 |
By Benjamin N. Gedan    Email this author |   Email this entry
felag.jpg
Felag

The Senate Finance Committee on Tuesday will debate legislation aimed at overhauling the state Economic Development Corporation. The hearing on the bill, sponsored by state Sen. William S. Felang Jr., D-Bristol, Tiverton, Warren, is scheduled for 3 p.m. in Room 211 of the State House.

The legislation would expand the EDC board from 8 members to 13. It would also grant a three-year contract to the agency's executive director, helping to "attract applicants who might otherwise avoid an appointment by a lame-duck governor with less than two years remaining in office," The Providence Journal reported Tuesday.

The legislation is based on the findings of a study commission that released a critical report in April about the effectiveness of the job-creation agency.

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