Sasse Calls on General Assembly to Audit RI Commerce Corp

Sasse Calls on General Assembly to Audit RI Commerce Corp

Gary Sasse "The Money Man" says that RI Commerce Corporation should receive tighter legislative oversight by the Rhode Island General Assembly and called on Speaker Nick Mattiello to review the quasi-public agency. Sasse made the call during his weekly appearance on Business Monday on GoLocal LIVE.

A recent GoLocalPRov.com review found that under Governor Gina Raimondo, "the agency in charge of building Rhode Island’s economy has spent 65 percent of its contract dollars ($12 million) with out-of-state companies in the last two years.

Nearly $8 million of taxpayer dollars went to consultants as far away as New York, Toronto, London, and Frankfurt under the Rhode Island Commerce Corporation. Even the money spent on porta-johns contracted for Volvo races went to out-of-state interests by an overwhelming margin."