PROVIDENCE, R.I. – General Treasurer Gina M. Raimondo last week announced her commitment to exploring innovative ways to grow the state’s investments in an effort to create jobs and improve Rhode Island’s infrastructure and energy efficiency. She spoke about her ideas as part of the "Investment and Training for American Infrastructure" panel at the Clinton Global Initiative on September 20 in New York City.
"As the Treasurer, one of my principal responsibilities is to maximize the investment returns on the state’s assets. My priorities also include strengthening the state’s financial position, and advancing economic development opportunities,” Raimondo said. "While we still have a lot of study to do in this area, I am committed to exploring opportunities to identify investment structures that may achieve all of these goals."
Raimondo believes it may be possible to receive an appropriate risk-adjusted rate of return while creating jobs for Rhode Island and developing new economic development opportunities.
"This approach may be a unique opportunity to leverage the state’s investing power to grow our economy and develop the energy efficient infrastructure of the future," she continued.