RI Senate leaders unveil economic plan - News, Weather and Classifieds for Southern New England

RI Senate leaders unveil economic plan

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PROVIDENCE -

Rhode Island Senate leaders unveiled a package of economic legislation Tuesday aimed at boosting the state's business climate. There are 25 bills in all that have now been introduced.

Proposals include restoring historic tax credits, exempting original pieces of art from the state sales tax, and helping former college students finish their degrees.

There are also plans to rebrand the embattled Rhode Island Economic Development Corporation and create a long term economic vision for the state.

Other bills are meant to help businesses cut through red tape and streamline the regulatory process.

Senate President M. Teresa Paiva Weed told NBC10, "None of them by themselves are necessarily what is referred to as a high profile bill, but when taken together we believe will move the state forward."

When asked if this economic package will have a real beneficial impact on Rhode Island residents, Paiva Weed responded, "It absolutely will."

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