Connect with us

Rhode Island

GoLocalProv | Business | Exodus of Top Staff at Commerce RI Explodes Under McKee

Published

on

GoLocalProv | Business | Exodus of Top Staff at Commerce RI Explodes Under McKee


Monday, February 26, 2024

 

View Larger +

Advertisement

L-R Secretary of Commerce Liz Tanner and Governor Dan McKee PHOTO: GoLocal

Top executives at Commerce Rhode Island, the State of Rhode Island’s economic development agency, have resigned at an alarming rate in the past two years.

In just the past 24 months, multiple top-tier executives have resigned, and in some top positions, the job has been turned over multiple times.

The turnover correlates with the last two years of Dan McKee’s governorship. And, much of the exodus has occurred since Liz Tanner took over as Secretary of Commerce beginning in June of 2022.

GET THE LATEST BREAKING NEWS HERE — SIGN UP FOR GOLOCAL FREE DAILY EBLAST

Advertisement

 

View Larger +

In the past two years, Commerce has had 3 presidents and is now searching for its 4th TOP ROW Saglio, Fagan BOTTOM ROW: Ash

Revolving Door in the President’s Position

The President’s position at Commerce was held by Jesse Saglio for seven years, and then he resigned in February of 2022. Hilary Fagan took over as President, and then she resigned in December of 2022. Since then, Bill Ash has served as “acting” president.

Advertisement

Now, Ash has announced his departure. The President’s position will be vacant again.

Ash, before his tenure at Commerce, had more than 25 years of experience working with businesses as a lender, consultant, and investor. Previously, he held positions as managing director of M & A at Oppenheimer & Co. and was a senior managing director of The Tron Group — a Boston-based turnaround and business advisory firm.

Now, under McKee, Commerce will be looking for its fourth President in two years.

In an interview with Tanner, she said the departures do not reflect on the agency. “We are 100% stable,” said Tanner.

 

Advertisement

Chief Financial Officer Resigns

Last week, Justin Medeiros, the Chief Financial Officer/Senior Controller for Commerce, announced his resignation. 

The top business recruitment position — the executive Vice President of Business Development position, has been vacant since Fagan was promoted to President in 2022.

Tanner said she has changed the approach to business recruitment. “We now have a clustered approach to attracting business,” said Tanner.

 

Advertisement

View Larger +

PHOTO: Elliott Stallion, Unsplash

Communications

The top communications position has also been a revolving door. In 2022, Matt Sheaff held the position of director of communication. Then, he was on loan to McKee’s office and recently resigned and took employment outside of Rhode Island.

Then, Brian Hodge was promoted to that position, and he then left the agency, a series of contract employees were engaged and then Commerce hired Matthew Touchette.

 

Advertisement

Five of the Top Eight Have Left in Just Two Years

According to an archived version of Commerce’s website, of the top eight professionals leading the organization, five have left. Only one, the former Secretary Stefan Pryor, is still in government service. Today, Pryor serves as Secretary of Housing.

 

View Larger +

Five of the top eight member of Commerce under McKee have resigned in the past two years. Stefan Pryor now serves as Secretary of Housing after a failed run for General Treasurer SOURCE: archived version of Commerce website Feb, 2022

 

Advertisement

Commerce Under Scrutiny

Presently, Commerce is facing scrutiny for its management of the bond deal for the Pawtucket minor league soccer stadium called Tidewater Landing. GoLocal uncovered concerns voiced by Pawtucket’s fiscal advisor in the summer of 2023. Commerce ignored those concerns.

After a series of exclusive articles by GoLocal, a feature published in Bloomberg — the global business publication — writes, “Taxpayers are paying dearly to bring a pro-sports team back to the faded industrial city of Pawtucket, Rhode Island.”

 

 

Advertisement

Enjoy this post? Share it with others.





Source link

Rhode Island

Aquatic Weed Treatments Planned for 2 RI Ponds, 1 Lake

Published

on

Aquatic Weed Treatments Planned for 2 RI Ponds, 1 Lake


“Temporary water use advisories will be posted where applicable and nearby residents and visitors should keep pets from drinking from these waters for at least three days,” the release said

The herbicide treatments target specific invasive aquatic plants, including variable water milfoil, fanwort, water chestnut, sacred lotus, and various algae species, according to the release.





Source link

Continue Reading

Rhode Island

R.I. leading multi-state lawsuit against Trump administration housing policy – The Boston Globe

Published

on

R.I. leading multi-state lawsuit against Trump administration housing policy – The Boston Globe


Rhode Island and other states had recently won a ruling against HUD’s attempt to overhaul a federal homelessness grant program in fiscal year 2025.

US District Court Judge Mary S. McElroy found that HUD acted arbitrarily and capriciously in imposing illegal conditions on billions of dollars in funding for the Continuum of Care program, through which HUD distributes billions of dollars to state, local, and nonprofit agencies to support housing and services for people facing homelessness.

Advertisement

For more than two decades, HUD had followed a “Housing First” model, which prioritizes rapid placement in permanent housing without requiring people to first meet conditions such as sobriety or a minimum income threshold.

However, on June 1, the Trump administration moved forward with new rules for fiscal year 2026 that seek to re-implement a cap on permanent housing. The new Notices of Funding Opportunity will set aside $1.3 billion for transitional housing and supportive service-only grants — which the coalition of states say will have the effect of capping permanent housing projects at about 68 percent of the funds.

HUD Secretary Scott Turner announced the new terms on June 1, saying the old model didn’t work.

“The ‘housing first’ experiment failed Americans by warehousing the vulnerable without results. This ideology promised to end homelessness. Instead, billions of taxpayer dollars were spent while homelessness increased to record levels,” Turner said in a statement. “Housing alone will not solve a crisis driven by addiction and mental illness. Under President Trump’s leadership, HUD is making necessary reforms to put recovery first.”

HUD said that the new Notice of Funding Opportunity for $4.04 billion through the Continuum of Care homelessness assistance program would support organizations that facilitate treatment and recovery and “prohibit funding the widespread use of illicit drugs and distribution of paraphernalia.”

Advertisement

The lawsuit alleges that the new conditions will mean a large number of permanent housing projects funded by the Continuum of Care program will lose funding, which will lead to people being evicted, placing further strain on state and local governments.

“Instead of investing in programs that help people stay safe and housed, the Trump Administration has embraced policies that risk trapping people in poverty and punishing them for being poor,” the 44-page lawsuit alleges.

The shift threatens housing for at least 97,000 residents of CoC-funded permanent housing across the country according to the National Alliance to End Homelessness.

The states argue that HUD’s actions violate the Administrative Procedure Act for failing to proceed with notice-and-comment rulemaking, and for being arbitrary and capricious. They ask the court to declare that the challenged conditions are illegal and to block HUD from implementing them.

Along with Neronha, attorneys general from all New England states except for New Hampshire have joined the lawsuit. The coalition also includes attorneys general from Arizona, California, Colorado, Delaware, Illinois, Maryland, Michigan, Minnesota, New Jersey, New Mexico, New York, Oregon, Virginia, Washington, Wisconsin, and the District of Columbia, as well as the governors of Kentucky and Pennsylvania.

Advertisement

Amanda Milkovits can be reached at amanda.milkovits@globe.com. Follow her @AmandaMilkovits.





Source link

Continue Reading

Rhode Island

Throwback: USS Rhode Island commissioned in Newport

Published

on

Throwback: USS Rhode Island commissioned in Newport


Thirty-two years ago was the commissioning of a Navy submarine named after the Ocean State.

Maria Stephanos was on board the USS Rhode Island on July 9, 1994.

Rhode Island was the Navy’s 15th Trident class ballistic submarine.

It was commissioned in Newport and was the first to be christened in its namesake state.

Advertisement



Source link

Continue Reading
Advertisement

Trending