Economic Activity
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(Updated, 1:30 p.m.) Rhode Island ranked among the worst states for business in the United States again on CNBC’s America’s Top States for Business 2013 report, earning the No. 49 slot. more
The city this spring will once again apply for a federal transportation grant to fund a new streetcar system between Upper South Providence and College Hill, Providence officials said Friday. more
The seasonally adjusted unemployment rate in Rhode Island dropped to 8.7 percent in March, according to statistics released Thursday by the R.I. Department of Labor and Training. Still higher than the national unemployment rate of 6.7 percent for March, the Rhode Island figure is the lowest unemployment rate since September 2008, the DLT said in a release. more
Rhode Island was one of three states that averaged an unemployment rate of greater than 9 percent in 2013, according to year-end figures released Friday by the U.S. Bureau of Labor Statistics. more
The Rhode Island Center for Freedom & Prosperity and the Taxpayers Protection Alliance released a new report Wednesday identifying nearly $225 million in non-essential government spending in Rhode Island that could be used instead to fund tax cuts and the repeal of the Sakonnet River Bridge tolls. more
(Updated, 6:30 p.m.) One of the narrowest and most endangered buildings in downtown Providence has a new lease on life. The city announced Tuesday that it has transferred the vacant George C. Arnold Building on Washington Street to a private partnership working with the Providence Revolving Fund to rehabilitate it. more
(Updated, 12:30 p.m.) The University of Rhode Island, Rhode Island College and Brown University are pursuing a joint mixed-use re-development of the former South Street Power Station in Providence that would include an advanced nursing school, administrative offices, classrooms and student apartments, Brown announced Thursday. more
Foreclosures in the Providence-New Bedford-Fall River metro area declined for the month of September compared with the same period last year, and also dropped slightly compared with a month earlier, according to a CoreLogic report released Tuesday. more
Rhode Island ranked 40th among the 50 U.S. states and the District of Columbia for overall financial security of its residents in the 2014 Assets & Opportunity Scorecard released Thursday by the Corporation for Enterprise Development. (Updated, 3:10 p.m.) more
The owner of the Industrial Trust Tower in downtown Providence is asking for up to $75 million in public financing to transform the historic office building into apartments. more
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