Updated May 29 at 12:33pm
Economic Activity
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The governor said he was never told that Boston’s bid for the 2024 summer Olympics included plans to use an expanded convention center in South Boston, the Boston Business Journal reported. more
Consumer confidence in the U.S. fell to a six-month low in May as Americans became less sanguine about the prospects for the economy. more
The Rhode Island Public Expenditure Council has released its take on Gov. Gina M. Raimondo’s proposed fiscal 2016 budget, and said that expected surplus funds can be utilized to improve the state’s economic climate and enhance its economic development. more
The first hints of construction materialized Thursday as the developer of the South Street Landing project said the firm is on track for a summer closing on the property and completion of the project by early 2017. more
The U.S. Environmental Protection Agency has awarded Rhode Island $1 million for three state cleanup projects. more
(Updated 3:02 and 4:51 p.m.) The Senate majority leader said he plans to introduce legislation Thursday that will create a tax stabilization standard for the Interstate 195 redevelopment corridor, one that would provide a 20-year phase-in for taxes. more
Sales of single-family homes in Massachusetts fell by 7.6 percent year over year in April, according to data from The Warren Group, publisher of Banker & Tradesmen. more
Summer Infant, a maker of products for the newborn to age 3 group, has sued board member and former CEO Carol Bramson as well as two other former company executives and company consultants in federal court alleging theft and misappropriation of trade secrets after it says they were caught “red-handed” by writing about their plans to create a competing company. more
Applications for U.S. jobless benefits remained below 300,000 for the 12th straight week, signaling the labor market remains firm even as the economy has been slow to rebound from a first-quarter slump. more
Single-family home sales rose 2 percent in April in Rhode Island, compared to a year earlier, while the median price dropped 5 percent. more
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