Panel Approves Bill To Rebrand Edc Updated: 14 Hours Ago

Published on Jan. 23, 2014

PROVIDENCE, R.I. (WPRI) – For the second year in a row, Rhode Island lawmakers are voting on legislation that changes the title of the embattled Economic Development Corporation. Lawmakers passed a law to do so in 2013, but ran into numerous problems transitioning over the newly coined commerce corporation.  Senator James Seehan says a vote to tweak the language of the rebranding effort is needed to avoid the state losing millions of dollars in federal grants."In rephrasing and renaming the organization, it didn"t go deep enough. There may have been an oversight in terms of what exactly would be covered with the name change,” he said, “What probably would happen is we"d have totransfer the name from the old organization to the new organization. But that could take time and in that process we might lose one of those grants.”Sheehan is confident that this tweak will pass the full Senate chamber during a vote on  Thursday, and eventually reach the Governor’s desk to be signed.Governor Chafee has been against the name change all along, preferring any changes come during the next administration. He told Eyewitness News he’s satisfied the rebranding problems seem to be resolved."So in the end I think we"re going in the right direction. It didn"t cost us a lot. We had to do some tweaking with some of the language, the legalities. That"s being done, so in we go." he said.The Governor said if this tweak passes in the House and Senate he will sign it. Copyright WPRI 12

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