Updated March 27 at 12:27am
Economic Activity
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What holiday slump? The Rhode Island Association of Realtors reported sales and the median price for the single-family home both increased in December, and the sales volume exceeded all other Decembers on record. The number of single-family home sales rose 6.2 percent in December, compared to the same month in 2015. And the median sales price climbed by 3.7 percent, to $235,900, the association reported. more
An R.I. Superior Court judge on Thursday rejected a lawsuit filed by a group of retirees against Providence over cutbacks made to retirement benefits in 2011. more
Ferguson Perforating Co. recently completed a $2 million expansion of its manufacturing facilities, adding nearly 19,000 square feet to the structure. more
Citizens Financial Group ranked 14th worst on a list of the 100 best and worst banks in the country compiled by Forbes last month. more
The Omni Group has nearly completed its renovations to a mixed-use building at 125 Atwells Ave., with 19 modernized apartments expected to become available in the spring. more
Local 1 percent meal and beverage tax collections declined nearly 9 percent in October compared with October 2015, the R.I. Department of Revenue said Thursday. more
Rhode Island tied with three other states for the second-highest statewide sales tax rate in the nation at 7 percent, according to a report released this week by the Tax Foundation, an independent tax policy research organization. more
Providence Equity Partners has made a “significant minority investment” in Chicago-based EZLinks Golf LLC, a PGA Tour-affiliated company and producer of golf management technology. more
Fewer Americans filed applications for unemployment benefits last week, marking 100 straight weeks of claims below 300,000. That’s the longest streak since 1970 and indicates a healthy job market. more
Mayor Jorge O. Elorza on Wednesday said he’ll continue efforts to shore up the city’s finances, while promising to improve local infrastructure, education and city services. more
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