The Providence Journal today has not one but two articles about more money handed out last night by the state E.D.C. … er, Commerce Corporation: $1.9 million in tax credits to A.T. Cross, purportedly to prevent them from leaving the state, and $750,000 in grants to seven (it looks like) entities – some of them for pretty quizzical uses, by the way.
What Rhode Island needs to bring businesses and jobs here is real reform to its business climate by easing up the regulatory and tax burden on businesses. But neither the Commerce Corporation nor its boss, Governor Gina Raimondo, are undertaking this critical work. They choose instead to pretend they are accomplishing economic development by handing out hard earned tax dollars.
No one who pays even a little attention is fooled. The Governor’s robotic mantra of “I’m focused on creating jobs jobs jobs” is completely hollow until she and her agency take concrete actions to back it up.