Providence Chamber gets $100,000, Sen. Reed says
1:25 PM Wed, Jul 29, 2009 | Permalink
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The Greater Providence Chamber of Commerce has received $100,000 in federal funds to help with its "knowledge economy initiative," U.S. Sen. Jack Reed said on Wednesday. Under the chamber's initiative, local innovators get grants so they can launch businesses geared towards strengthening Rhode Island's knowledge economy -- in fields such as technology and alternative energy, Reed said in a statement. The federal award, administered by the U.S. Department of Commerce's Economic Development Administration, will help expand the chamber's program by supporting additional projects in the health care, research and design sectors, Reed said.
"These funds will help diversify the state's economy by giving new, innovative companies and organizations the chance to grow in Rhode Island, creating good paying jobs, and attracting more talent and businesses to the state," Reed said. Laurie White, the Chamber's president, said, "This $100,000 federal grant provides an excellent opportunity to accelerate the progress of the new knowledge economy. Identifying opportunities for growth that take advantage of Rhode Island's world-class business, entrepreneurial, health care and academic partners are the forces that will re-energize our economic base." Providence Mayor David N. Cicilline added, "Senator Reed understands that, just as we must steer federal funds to protect residents in these tough economic times, we must also make targeted investments in the economy of the future. The knowledge economy effort is all about creating 21st-century jobs at all income levels." 
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What a horrendous waste of taxpayer monies. Why would anyone in their right mind give the Providence Chamber taxpayer funds when the Providence chamber has been foursquare in opposing every fiscal and economic development initiative that would benefit working men and women in the state? It is ludicrous to give that business group taxpayer monies and Senator Reed should be ashamed of himself in helping to secure it for them. He'd have done more for RI had he earmarked that $ for job-training for unemployed Rhode Islanders. Imagine, rewarding the very people who have helped to reduce RI's economy to a service-oriented sector that pays near minimum wage and doesn;t offer health care. What in the world are you thinking, Senator Reed?
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