Overtly, Rhode Island has affluent resources to develop its marine shipping industry which could be analogous to Hong Kong. Frankly, Rhode Island could be thrived like Hong Kong if our federal and speculators government could invest money on this historic and limitless potential place. Rhode Island used to be a leading state in the 1970S and enjoyed the fame of processing industry. In addition, its unbeatable tourism resource is still fascinating to wealthy people.
Invigoratively, the federal government has been beginning to subsidize the port in Rhode Island. Kuffner (2010) apprise an aspired news which would incur teeming employment and economics resurgence significantly, as below,
They each congratulated ProvPort, the nonprofit agency that runs the port, on the award. It was the only recipient in Rhode Island of TIGER II funding.
ProvPort is planning improvements totaling $39 million that also include the installation of two wind turbines to power the port. The cranes will be purchased in the first phase of the project, which is projected to create 550 jobs and $120 million in economic stimulus.
“It will make a real difference, not just immediately in terms of jobs, but with long-term economic development,” Whitehouse said.
On the top of this, I replenish two points to propel this fantastic plan. Actually, we should acclaim some preferential policy from federal government beyond the technological support and fiscal support outright. First, we should create a program which may palliate the tariff of imported and exported business for either domestic business or foreign business. At the very least, the discount should be 10% off of the imported tariff. This would be decent and spectacular to induce commercial companies to operate their business here. Second, we should create a 3-years “tariff holiday” for the commercial business that register their companies and afford thirty local employments annual in Rhode Island. I anticipate that we are going on the right track of restoring our economic. Proudly, our inherent strengthen and intelligence would help us to prosper our economies such as the glorious way. So Rhode Island, please be upbeat with these enforceable implementation and reap a rosy prospect !
Reference
Kuffer, A. (2010). Providence port receives federal grant for cranes. Retrieved from http://www.projo.com/news/content/PROVPORT_GRANT_10-22-10_KJKGGMT_v12.17e137d.html
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