Stefan Pryor operating for RI common treasurer

PROVIDENCE, R.I. (WPRI) — R.I. Commerce Secretary Stefan Pryor is getting into the Democratic main for common treasurer, ending months of hypothesis about his potential candidacy and establishing a conflict with former Central Falls Mayor James Diossa.

Pryor, who has served as commerce secretary since 2015, was anticipated to launch his marketing campaign in a information launch Tuesday.

Diossa was the primary Democrat to enter the treasurer’s race when he introduced final yr — and to date he was nonetheless the one member of his get together operating, as different Democrats akin to Senate Finance Committee Chairman Ryan Pearson opted towards getting into the first.

Diossa has used that point to boost cash, with $156,000 in his marketing campaign account as of March 31, and rack up endorsements from a lengthening record of elected officers together with McKee.

The incumbent common treasurer, Democrat Seth Magaziner, is barred by time period limits from operating once more. (He is at present a candidate for Congress.)

Pryor was dropped at Rhode Island by Gina Raimondo, a fellow Yale Law graduate, and have become one among her most seen advisers over six years main the R.I. Commerce Corp. He was the architect of the company subsidy packages she used to lure companies to Rhode Island, and performed a central function in negotiations over high-profile initiatives such because the PawSox stadium and the Superman constructing rehab.

Before coming to Rhode Island, Pryor served as Connecticut’s training commissioner. He had beforehand labored for Cory Booker throughout his time as mayor of Newark, New Jersey, and previous to that he led the quasi-public company which led the rebuilding of Lower Manhattan after the Sept. 11 assaults.

There has additionally been State House hypothesis a few potential comeback bid by former General Treasurer Frank Caprio, a Democrat who served from 2006 till 2010, when he left the job to make an unsuccessful run for governor. Caprio ran once more in 2014 however misplaced the first to Magaziner.

Caprio has not responded to a request for remark about his curiosity in a run.

Former Cranston Mayor Allan Fung had been anticipated to hunt the Republican nomination for treasurer this yr however modified plans to run for retiring Congressman Jim Langevin’s seat when the latter unexpectedly introduced his retirement.

Republican James Lathrop, who’s at present the city finance director in North Kingstown, filed to hunt the treasurer’s workplace earlier this month. Lathrop is scheduled to carry a kickoff occasion Tuesday afternoon at Kinney Bungalow at Sunset Farm in Narragansett.

“The treasurer’s office needs an experienced, accomplished financial professional,” Lathrop writes on his marketing campaign web site. “Not another politician.”

Ted Nesi (tnesi@wpri.com) is a Target 12 investigative reporter and 12 News politics/enterprise editor. He co-hosts Newsmakers and writes Nesi’s Notes on Saturdays. Connect with him on Twitter and Facebook

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