Rhode Island has committed hundreds of millions of dollars to addressing the state’s overall housing crisis, but a new report asserts that those investments have yielded “no meaningful impact.” More: https://t.co/w6cOGSy5l1
"The report argued that while funding levels have increased, policy design has not consistently translated investment into scale and calls for shifting more resources toward maximizing unit production."
📰 Read more on our recent housing report in PBN: https://t.co/PAYblsTYXg
RI has invested $644 million in housing since 2021. So why are so many residents still struggling to find affordable homes?
The @Globe_RI featured our latest report examining the state’s housing strategy, rising costs, and barriers to production: https://t.co/Ewky1YHKrZ
Despite unprecedented public funding, Rhode Island has not produced nearly enough units to bridge the statewide housing gap. From high development costs and subsidies to functional overlaps among government agencies, we examine the state's housing strategy in our latest report
Given the scale of Rhode Island’s housing investments and continued housing shortage, RIPEC recommends improving production efficiency and expanding middle-income and market-rate housing to increase supply and affordability statewide.
Our analysis here: https://t.co/QMZcIYi35r
“This is an inefficient and unsustainable path that requires a strategic shift to ensure a real return for taxpayers and an increase in housing production,” @MichaelPDiBiase said.
RI's ‘enormous’ housing investments yielding ‘no meaningful impact’ for most residents, @RIPEC_ report finds. @MichaelPDiBiase says RI has authorized $644m but uses “overly complex strategy with policy incentives that fail to maximize housing production.”
https://t.co/ZT5eqVGFGp
Our new report finds that while RI has moved away from decades of underfunding housing development, its use of a high-cost, high-subsidy model has resulted in no meaningful impact on the state’s overall housing challenges.
Find the report report here: https://t.co/QMZcIYi35r
RI has significantly increased its investments in housing, but our new analysis finds that policies that drive up development costs and subsidy levels are contributing to high per-unit costs and low levels of housing production.
Find the full report here: https://t.co/QMZcIYi35r
Between tax years 2020-2026, 21 states reduced their top income tax rate, while 4 increased it. As a result, RI moved from the 20th to the 15th highest despite no change in its rate. With the proposed millionaire’s tax, RI would rank in the top 10.
More: https://t.co/0L9WTmpoV2
Rhode Island’s labor market weakened in Q1:
📉 Employment declined for the 3rd straight quarter
📈 Unemployment reached its highest level since 2021
📊 Labor force participation continued to fall
Our latest KPI Briefing with @EdiTebaldi & @BryantUniv: https://t.co/sJEA9TsiH7
Just released: Rhode Island Labor Market Continues to Soften Despite Strong Consumer Demand
Check out our KPI Quarterly Briefing for the first quarter of 2026 released with @EdiTebaldi@BryantUniv: https://t.co/sJEA9TsiH7
🎧 Tune in to The Matt Allen Show on WPRO, where RIPEC President & CEO @MichaelPDiBiase discussed key economic issues in Rhode Island https://t.co/IL0ASlSzof
Our newest policy brief finds that raising Rhode Island’s top income tax rate may accelerate outmigration and weaken the state’s economic competitiveness amid shifting migration and tax trends nationwide. https://t.co/0L9WTmpoV2
Taxpayers earning $200K+ make up just 7% of RI filers, but generate 55% of state income tax revenue.
That means even modest outmigration among high earners has outsized impact on state revenues and economic activity.
Our new analysis examines the risks: https://t.co/nrFzQx2qIN
.@MichaelPDiBiase sat down with @BillBartholomew to discuss highlights from our recent Economic Prosperity report, covering stagnant growth, affordability, housing, emerging industries, and what it will take to move Rhode Island forward.
Listen here: https://t.co/v7eAtJlKsC
“Given that states compete for residents and businesses ... this proposal carries real risk for the state’s economic future,” said @MichaelPDiBiase.
Our new policy brief examines the proposed Millionaire’s Tax and its potential impact on RI's economy. https://t.co/jgKnepk96I
As states cut income taxes to attract residents and investment, RI is considering a major tax increase.
RIPEC’s latest analysis examines the proposed millionaire’s tax and its potential economic impacts. Read more: https://t.co/0L9WTmpoV2
https://t.co/jgKnepk96I