RI gov announces $200k for economic research

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PROVIDENCE, R.I. (AP) — Rhode Island's governor says a new partnership between the state and some of its universities will lead to new research on the state's economic problems.

Gov. Lincoln Chafee announced the collaboration Tuesday. It is an agreement between the state's public and private colleges and universities to pool research on the state's economy.

Chafee says the project will give state leaders independent and objective information to help improve the state's economy.

The $200,000 project is being funded by the state's Economic Development Corp. and the Rhode Island Foundation.

Earlier in the day, the state Senate released a report outlining recommendations for improving the state's business climate.

Rhode Island's 10.4 percent unemployment rate is the second highest in the nation.

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