This PDF 1.4 document has been generated by Keynote / Mac OS X 10.10.2 Quartz PDFContext, and has been sent on pdf-archive.com on 19/06/2017 at 22:49, from IP address 71.234.x.x.
The current document download page has been viewed 241 times.
File size: 7.79 MB (16 pages).
Privacy: public file
S TO P T H E D E C L I N E
RHODE
I S L A N D S PA R K T H E C O M E B A C K
A N D
OUR E CON OM IC ENGI NE IS OUT OF G AS
HIGH UNEMPLOYMENT
Currently 47th in the country
Highest for 9 consecutive months during 2013 - 2014
POOR GROWTH
48th in short-term job growth
48th in long-term job growth
MORE JOBS IN
LOW GROWTH INDUSTRIES
Disproportionate share of our jobs are in
low growth industries
[SOURCE: BLS, DEC. 2014, US Chamber of Commerce]
… AND WE’ RE RE LATI V E LY PO OR E R T H A N
NEI G HB ORI NG STATE S
LOWER PER CAPITA
INCOMES
MORE RELIANT ON
STATE ASSISTANCE
62,000
1 6
$60,658
IN
$57,248
53,333
44,667
Rely on food
stamps to put
food on the
table
$46,989
MA CT
36,000
RI
27,333
19.9%
18,667
of Rhode
Islanders’
income is from
aid, assistance,
benefits, etc.
P ER C API TA I NCOM ES
[SOURCE: BUREAU OF ECONOMIC ANALYSIS, PROVIDENCE JOURNAL 1/15, OFFICE OF REVENUE ANALYSIS 2014 Q3]
WE ’RE NOT EQUI P PI N G OU R ST U DE N TS W I T H
THE SK ILL S TH EY NE E D TO CO MP E T E
RHODE ISLAND HAS FEWER HIGH SKILL JOBS
AND WORKERS THAN NEIGHBORING STATES
Share of high-skills jobs
RI
MA
CT
32%
39%
36%
RI
MA
CT
High School Graduation
Rate
77%
83%
83%
NAEP Math Scores
283
299
287
NAEP Reading Scores
265
275
275
Percentage of CCRI students requiring remediation courses: 66%
[SOURCE: National Skills Coalition, 2011 National Center for Education Statistics, Providence Journal]
F I S C A L STO R M C LO U DS LO O M W I T H
N O AC T I O N
P R OJEC T ED GEN ER AL REV EN UE DEF ICIT
( IN M I LL I ON S)
500
$496.30
375
$382.80
250
125
$255.60
$190.40
0
FY2016
FY2017
FY2018
FY2019
State’s General Revenue budget is
growing faster than the rate of inflation
[SOURCE: OMB ANALYSIS BASED ON NOV 2014 REVENUE ESTIMATING CONFERENCE]
O U R M A N U FAC T U R I N G S E C TO R
HAS BEEN CUT IN HALF
STATES HA RD EST H IT BY MANU FACT UR I N G J O BS LOST
BY SH AR E OF STATE E M PLOY M EN T
North Carolina
Mississippi
Arkansas
RI is 4th worst
in the nation
Rhode Island
Michigan
Tennessee
Worst in New England. Loss
of 80,000 manufacturing
jobs since the 1980s
Ohio
South Carolina
New Hampshire
Alabama
0%
3%
5%
8%
10%
[SOURCE: ECONOMIC POLICY INSTITUTE]
WE’VE LOST
MIDDLE CLASS JOBS
AND
REPLACED
THEM WITH LOWER
WAGE JOBS
43.5% 64.6%
of jobs lost were
middle wage jobs
($60,800 & UP)
of jobs created have been
lower wage jobs
($40,300 - $60,799)
[SOURCE: RHODE ISLAND NOV. 2014 REVENUE ESTIMATING CONFERENCE]
WE’ VE FAI LE D TO REPOSITION OU RS E LVE S
FO R JO B CREATION IN GR OWTH I ND U ST RIE S
th
25
Rhode Island has fewer higher wage
jobs and a lower innovation capacity
than neighboring states
RHODE ISLAND’S
INNOVATION RANKING
BY BLOOMBERG
FE D E R A L R & D CON T R ACTS I N F Y2 01 3
RI
MA
750,000,000.00
$0
$1B
1,500,000,000.00
$1.5B
2,250,000,000.00
3,000,000,000.00
$2B
Rhode Island received just $47 million in federal R&D
contracts compared to nearly $3 billion for Massachusetts
[SOURCE: BLOOMBERG, STEM REPORT CARD]
WE H AV E H I GH COSTS I N S E VE RAL AR EAS
2
2
3
4
8
ND
ND
RD
TH
TH
HIGHEST MEDICAID
SPENDING PER ENROLLEE IN THE COUNTRY
HIGHEST FIRE SAFETY COSTS IN THE COUNTRY
PER $1,000 PERSONAL INCOME
HIGHEST PUBLIC EMPLOYEE
COMPENSATION RATES IN THE COUNTRY
HIGHEST ROAD
COSTS PER MILE
BUT
HIGHEST
BUT
EDUCATION SPENDING
TH
45
IN ROAD QUALITY
TH IN EDUCATIONAL
27
ACHIEVEMENT
[SOURCES: REASON FOUNDATION, KAISER FAMILY FOUNDATION, RIPEC, US CHAMBER OF COMMERCE]
256166711-Raimondo-RI-Decline-PowerPoint-2015.pdf (PDF, 7.79 MB)
Use the permanent link to the download page to share your document on Facebook, Twitter, LinkedIn, or directly with a contact by e-Mail, Messenger, Whatsapp, Line..
Use the short link to share your document on Twitter or by text message (SMS)
Copy the following HTML code to share your document on a Website or Blog