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State Offering $1.75M In Programs To Spur High-Tech Industry

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State officials unveiled new programs Wednesday aimed at spurring high-tech jobs and the healthcare industry. They’ve earmarked 1.75-million dollars for...

State officials unveiled new programs Wednesday aimed at spurring high-tech jobs and the healthcare industry. They’ve earmarked 1.75-million dollars for the initiatives.

One program provides up to 50-thousand dollars to businesses partnering with colleges and universities in the state. Another program provides a similar incentive for business collaboration.  Governor Gina Raimondo said she hopes the new programs will make the state more competitive with nearby Massachusetts.

“Boston’s economy, which is just up the road, is red hot,” said Raimondo. “It’s because they’ve figured out how to partner businesses with universities, businesses with hospitals, and how to tap into the talent base of their colleges and universities. Well it’s our turn now.”

Rhode Island has long been home to many hospitals and about a dozen colleges and universities, but the state has struggled to grow a high-wage jobs.

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Providence Mayor Jorge Elorza, Gov. Raimondo, and commerce secretary Stephan Pryor, at Wednesday's press conference.
Providence Mayor Jorge Elorza, Gov. Raimondo, and commerce secretary Stephan Pryor, at Wednesday's press conference.