Economic Activity
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Annual report filing period open for R.I. corporations
With the new year comes the annual report filing period for Rhode Island’s for-profit corporations. Rhode Island’s 30,000 for-profit corporations are required to file their annual reports with the Secretary of State’s office between Jan. 1 and March 1. more
| 1/2/13
Homebuilder confidence in U.S. held in January at 6-year high
Confidence among U.S. homebuilders held in January at the highest level in more than six years, offering the latest evidence that residential real estate will help spur economic growth. more
New home sales decline, blemishes best year since 2009
Purchases of new U.S. homes unexpectedly decreased in December, a temporary blemish as the industry wrapped up its best year since 2009 to emerge as a bright spot for the economy. more
Big East negotiates to sell name
The Big East conference, which will be left with one of its founding schools by 2014, is negotiating the sale of its name to a new group of seven Catholic universities, the New York Times reported. more
Providence sells road bond issue at lower-than-expected interest rate
Rhode Island’s capital city successfully sold its $39.3 million general obligation road bond issue at lower than expected rates, Mayor Angel Taveras announced. more
| 3/7/13
SBA adds ‘Exporter of the Year’ to Small Business Week awards
The U.S. Small Business Administration has added a new award – the Small Business Exporter of the Year award – to the National Small Business Week 2013 awards celebration. more
| 1/9/13
Trade deficit in U.S. jumps on pre-holiday surge in imports
The trade deficit unexpectedly widened in November as American retailers stocked up on imported goods for the holidays and demand for foreign automobiles rebounded following superstorm Sandy. more
Residents face Jan. 18 deadline for mortgage claims
Rhode Islanders who lost their primary residence due to an improper foreclosure process between Jan. 1, 2008 and Dec. 31, 2011 face a Jan. 18 deadline to file a claim under the $25 billion National Mortgage Settlement. more
| 1/11/13
Fitch says top AAA sovereign ratings under pressure in 2013
Fitch Ratings said its AAA credit rankings on France, the United States and the United Kingdom are likely to come under pressure this year due to slow economic growth and high debt levels. more
Report: Improving biz climate requires ‘sustained, cooperative partnership’
Improving Rhode Island’s business climate will require a “sustained, cooperative partnership,” according to Senate President M. Teresa Paiva Weed. The Rhode Island Senate and the Rhode Island Public Expenditure Council released a report on Tuesday issuing recommendations on how to improve the state’s business rankings. more
| 1/15/13
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