— Address the state's lack of available funding to directly support startups, including through loans and equity investments. The report suggests creating a state financing mechanism or fund that would also pull in private-sector money.
— Reverse a decline in visitor spending by boosting the tourism sector. The report recommends creating a consistent funding stream for tourism marketing at the Commerce Corp. and development of a state brand and narrative "based on the DNA of Rhode Island."
— Promote collaboration in the state's food-related sector, from production to manufacturing and distribution to sales. The report says 1 percent of Rhode Islanders' consumption is currently from local sources.
— Identify opportunities for export growth to help existing companies develop new markets. Rhode Island is among the lowest funded states relative to export support, according to the report.
— Claim Rhode Island as the center of the "maker," or grassroots innovation, movement. The report recommends the launch of a Maker's Guild and increased collaboration between those who create new products and manufacturers.
The report contains some suggestions that have been made before, and in some cases cites initiatives already underway. It does not specifically identify funding sources. Steinberg noted that the recommendations are designed to inform policy makers who are charged with setting funding priorities.
But, he said: "The call to action that we're going to give is: The private sector's got to step up. It's got to be that combination of public-private."