Capital Goods
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When Peter Crump and Matt Dempsey became business partners at Providence-based general-contracting firm Site Specific LLC back in 2007, the duo worked out of a basement with three employees for six months. Over the past seven years, things have certainly changed. more
Textron Inc.’s V-22 Osprey, the tilt-rotor craft that entered development almost 25 years ago, is poised to win its first export deals as Israel and Japan close in on purchases. more
Rhode Island added 1,300 construction jobs in the month of April, an 8.1 percent increase over the same month last year, ranking the Ocean State sixth in the country for highest percentage of construction jobs gained year over year, the Associated General Contractors of America reported. more
Two Rhode Island firms have been named to Qualified Remodeler magazine’s Top 500 Remodelers of 2014 list, ranked by 2013 remodeling-gross sales. more
The Providence-Fall River-Warwick metropolitan area added 600 construction jobs in August compared with August 2013, a 3 percent gain, placing the area at No. 158 in a ranking of 339 metropolitan areas by the Associated General Contractors of America. more
(Updated, 12:06 p.m.) Gov. Lincoln D. Chafee formally approved a new apprenticeship program for computer numerical control operators at the annual meeting of the Governor's Workforce Board at the Crowne Plaza Providence-Warwick hotel Thursday morning. more
Rhode Island ranks 47th in the country in overall highway performance and cost effectiveness in the latest highway report by the nonprofit Reason Foundation. more
Thirty-three percent of Rhode Island’s rural roads and 25 percent of its rural bridges are in need of repair, ranking Rhode Island among the U.S. states with the highest percentage of deficient rural roadways, according to a report issued Thursday by the Trip National Transportation Research Group. more
General Dynamics Electric Boat is in a hiring surge to meet the requirements of U.S. Navy contracts and has already added more than 720 new employees at its Quonset Point facility since the beginning of the year, according to Jason Vlaun, the company’s human resources manager. more
Rhode Island’s defense industry contributed $3.75 billion to the state’s economy in 2013 and supported as many as 33,806 jobs statewide, according to a report released Tuesday by the R.I. Defense Economy Planning Commission. The defense economy generated $1.93 billion in income for Rhode Island households last year as well as $106 million in tax revenue for the state. more
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