PROVIDENCE, RI – Rhode Island Governor Gina Raimondo joined a host of notables being touted as theWorld’s Greatest Leaders by Fortune Magazine on Thursday. Joining such dignitaries as His Holiness Pope Francis (#4) and rocker/philanthropist Bono (#14), Raimondo reigned at #38 on the leader list.
The first-term governor to one of the nation’s founding colonies, Raimondo was also among a confluence of women speakers at the organization’s Fortune’s Most Powerful Women Summit in 2015.
Known for its business acumen, Fortune is a perfect match for the former venture capitalist turned Governor. And as to why the “Biggest little state in the Union’s” governor ranked in their top tier? Here is what Fortune had to say:
America’s smallest state just tackled one of the country’s biggest fiscal problems. Countless state and local governments struggle with underfinanced pension plans, and Rhode Island’s was one of the worst before 2014. That’s when Gina Raimondo, then state treasurer, engineered an overhaul that slashed cost-of-living increases and pointed the system toward solvency. Public-sector unions fulminated and sued, but voters rewarded Raimondo by electing her governor. In 2015 she negotiated legal settlements that preserved her pension reforms, inspiring hope in cash-strapped statehouses everywhere.
Raimondo’s venture capitalism and Wall Street business ties proved beneficial to the Ocean State earlier this week when Goldman Sachs President and CEO Gary Cohn visited, pledging $10 million in funding for Rhode Island small businesses. The program, dubbed the 10,000 Small Businesses Initiative partners with local-level organizations to identify small businesses in need of loans who meet its criteria.
According to Ashley O’Shea, Deputy Communications Director, Raimondo was not immediately available for comment and was expected to address the honors on Friday.
This article originally appeared on Examiner.com on March 24, 2016.