Advancing the Green Economy I. Introduction / Roadmap Outcomes Executive Summary 1. Develop a comprehensive state energy strategyMeta Projects - Phase One, Begin Now The green economy is a new opportunity for Rhode Island 2. Organize access to capital for green companies that can increase the number and diversity of jobs and 3. Create life-long learners on green career pathways raise wages. Education and training must be aligned to support job opportunities at all levels. Advancing the green Acceleration Initiatives economy will bring collateral benefits like waste and Advanced Manufacturing energy use reduction and energy price stabilization. Ulti- Phase One mately, advancing the green economy will require efforts 1. Create advanced manufacturing metrics with all kinds of companies: nurturing new, entrepreneurial efforts; helping existing companies grow and convert to Phase Two green practices; and attracting existing or new ventures 2. Develop a center of excellence in advanced from outside the state. green manufacturing 3. Sell “manufacturing” in Rhode Island as advanced As a result of the work done through the Rhode Island and becoming greener offshore wind power for the Northeast and MiddlePhase One Wind Power (from STEM to STEAM) created by state and federal entities Phase Two (SBIR) liaison Phase One Innovation high performing buildings Phase Two energy efficiency all state buildings Phase One Energy Efficiency and the subsequent Roadmap Green v 1.03. Create a dedicated communications program for5. Develop energy efficiency degree programs2. Create a statewide Small Business Innovation Research1. Make Quonset a wind power supply chain hub/district2. Install at least 100 MW of onshore wind power capacity Economic Development Corporation’s June 2009 Economy Roundtable development processes, RIEDC has identified acceleration initiatives for advancing the green economy: 1. Audit, baseline and target improvements for » Make green products and green the advanced 2. Create a direct financial incentive for the private sector manufacturing process » Build or retrofit high performing/energy efficient buildings and infrastructure » Integrate the elements of innovation: research, 4. Statewide revision of building code to produce development and then business application in the marketplace, resulting in business growth and adoption » Build the hub of a local supply chain for onshore and Atlantic states 1. Establish meaningful, accurate metrics for innovation Following the roundtable, RIEDC assembled key leaders to develop the roadmap for the critical green economy initiatives that were identified in June. The content for the roadmap is based on the outcomes of seven small 3. Create a mechanism to monitor business opportunities workshops — one for each initiative, an additional workshop for wind and two workshops on workforce 4. Examine adding an arts component to the science, development — held in late 2009 and early 2010. technology, engineering and math curriculum Policy, originally defined as an initiative, has now been identified as a building block that will tie the acceleration initiatives together. Green policy, workforce training and education, behavior change, capital, and business growth and adoption were determined to be the five building blocks that will drive all Phase Two the acceleration initiatives. In order for the four accelera- 3. Amend the renewable portfolio standard tor initiatives to succeed, the building blocks must provide 4. Demonstration projects/learning laboratory a strong foundation. Strong building blocks will yield: 5. Create a dedicated wind power R&D fund aligned policy to redirect resources; up-to-date, innovative workforce training and education programs; increased The Advancing the Green Economy process will move behavior change of citizens; more available capital; and from concepts in the roadmap to implementation through accelerated business growth and adoption. Further, it the formation of a statewide voice for the green economy would create a strong competitive advantage for green — the Rhode Island Green Economy Network (RIGEN). business attraction and retention in Rhode Island. RIGEN will work to foster collaboration, mobilize and aggregate resources, and drive implementation. Advancing the Green Economy in Rhode Island 2
The new reader is still in beta!
(c) 2019 Rhode Island Economic Development Corporation. All Rights reserved.