10 Years Ago RI Businesses Were Optimistic About the RI Economy

Wednesday, November 09, 2011

GoLocalProv Business Team

Ten years ago almost to the day, the Rhode Island Economic Development Corporation released the results of a survey distributed to more than 1,400 RI businesses – the survey was sent out just weeks after 9/11.

The result of the survey stands in contrast to today’s perception of the RI economy. Despite RI being in the shadow of the “attack on America,” of those responding to the survey in 2001, the responses were surprisingly optimistic:

69 percent of the respondents were optimistic about the future and had plans for expansion. Most with plans to expand within the next six to 12 months

When asked if their business travel plans would change, 66% said they would not be cutting back.

9% plan to rely more on teleconferencing

81% said they would not reduce leisure spending in Rhode Island

64% reported that they would not reduce leisure spending outside the state

In 2011, survey of Rhode Islanders (not just the business community) found that most believe RI is on the wrong track. A GoLocalProv/Starr Opinion Research Poll released in September found that 74% thought RI was on the wrong track and only 16% think RI is on the right track.

A lot can happen in 10 years.

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Comments:

Walt Barrett

9:21am on Wednesday, November 09, 2011

I do not see the state of RI ever making a comeback and for those of us who live here the reasons are quite obvious. Young people who are not already trapped here should leave as many are doing already.

Gary Arnold

12:21pm on Wednesday, November 09, 2011

The Economic Development Commission is part of the problem. They are not proactive in developing any NEW business. It may be because of the GA influence but it just shows the lack of vision in this state for our futures, if any future is worth considering in RI.

john paycheck

5:16pm on Wednesday, November 09, 2011

the meager accomplishments of the edc do not justify their existence.

the hundred or so jobs should be cut to maybe 10.

i have no idea what these people do all day......but it doesnt show in results.
one big waste of money!!!!!is now and always has been.

Real Clear

7:06pm on Wednesday, November 09, 2011

Two Don (I've got mine) Carcieri terms did wonders to flatten everyone who doesn't own a boat enthusiasm.