News Summary
Rhode Island’s Secretary of Commerce, Liz Tanner, has resigned amid ongoing criticism and high staff turnover within the agency. This shake-up follows multiple resignations of top executives, raising concerns about the state’s economic leadership stability. Under Tanner’s tenure, significant projects stalled, and the state faced severe backlash for its unpreparedness in business relocations. The McKee administration now confronts challenges in stabilizing leadership and developing a coherent strategy to improve the state’s economic environment.
Rhode Island is facing a leadership shake-up as Liz Tanner has resigned from her position as Secretary of Commerce after three years amid ongoing criticism and a troubling pattern of high staff turnover within the agency. Tanner’s departure comes after a series of resignations among top-tier executives, raising concerns about the stability and effectiveness of the state’s economic leadership.
In the past 24 months, the turnover rate within the Department of Commerce has been notable. The situation aligns with the latter part of Governor Dan McKee’s administration, which has struggled with maintaining consistent leadership in a critical agency. Tanner took on the role of Secretary of Commerce in June 2022, but during her tenure, the position of the Commerce Corporation president has undergone frequent changes, further contributing to the agency’s instability.
Leadership Changes
The most recent president of the Commerce Corporation, Jim Bennett, was appointed in April 2024 after a tumultuous period involving his predecessors. Jesse Saglio, who held the presidency for seven years, resigned in February 2022, and was succeeded by Hilary Fagan. Fagan’s term, however, was short-lived as she resigned in December 2022. This led to Bill Ash serving as an “acting” president until his departure, leaving the corporation in a state of flux.
Despite these challenges, Bennett has made progress in attracting new business to Rhode Island, notably securing a deal with Organogenesis, a biotech company that is anticipated to create hundreds of new jobs in the state. However, Tanner’s overall leadership has been marked by significant criticism, largely due to perceived shortcomings in her relationships with both small and major businesses.
Criticism and Challenges
Under Tanner’s leadership, the McKee administration faced severe backlash for being caught unprepared for Hasbro’s announcement regarding its planned relocation to Boston in 2024. This event has been seen as emblematic of broader issues within the state’s economic strategy. Additionally, in January, a report ranked Rhode Island as the worst state in America to launch a business, amplifying concerns over the business climate in the state.
Furthermore, several key projects have either stalled or failed entirely during Tanner’s tenure. High-profile developments such as the Fane Tower, the Superman Building, and the Providence Place Mall, which went into receivership, illustrate the mounting difficulties the state faces in revitalizing its economy.
Context of Instability
The situation within Rhode Island’s Department of Commerce highlights a pervasive trend of instability that has characterized economic leadership in the state. Challenges remain in effectively addressing the needs of the business community, which is questioning the administration’s ability to provide a stable and conducive environment for economic growth. Tanner’s resignation, coupled with the high turnover in leadership roles, suggests that significant structural changes may be necessary to restore confidence in Rhode Island’s economic policies.
As the state seeks to navigate these complex issues and attract further investments, the focus will likely shift to how the McKee administration can stabilize its leadership and develop a coherent strategy for improving Rhode Island’s overall business environment. The future of the Department of Commerce and its effectiveness in driving economic growth and stability is now more uncertain than ever.
Deeper Dive: News & Info About This Topic
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Author: STAFF HERE PROVIDENCE WRITER
The PROVIDENCE STAFF WRITER represents the experienced team at HEREProvidence.com, your go-to source for actionable local news and information in Providence, Providence County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as WaterFire, Rhode Island International Film Festival, and Rhode Island Comic Con. Our coverage extends to key organizations like the Greater Providence Chamber of Commerce and Providence Warwick Convention & Visitors Bureau, plus leading businesses in finance and manufacturing that power the local economy such as Citizens Financial Group and Textron. As part of the broader HERE network, we provide comprehensive, credible insights into Rhode Island's dynamic landscape.
