State, businesses develop strategy to help manufacturing sector
PROVIDENCE, R.I. The state and private businesses are working on a plan to strengthen the manufacturing sector in Rhode Island. Rhode Island has lost more than 38,000 manufacturing jobs since 1990. Still, the industry employs nearly 12 percent of all workers in the state.
The plan comes from the Rhode Island Economic Development Corporation and the Manufacturing Summit, comprised of local manufacturing companies. They say a big goal is to stop job losses. Also, the group wants to help local businesses compete against overseas manufacturers and boost payrolls.
The strategy includes getting more students interested in manufacturing, and helping businesses be more competitive and take advantage of currency exchange rates.
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