Economic Activity
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The R.I. State Council on the Arts awarded $128,212 in grants to Rhode Island schools, community centers and artists in its December 2013 round, the agency announced Wednesday. more
U.S. stocks climbed, paring this year’s loss for the Standard & Poor’s 500 Index, as Macy’s Inc. rallied and jobless claims fell before the start of corporate earnings season. more
American consumers in 2013 were more upbeat than at any time in the previous six years as views on the economy, finances and the buying climate improved. more
Siemens AG, Europe’s biggest engineering company, agreed to supply turbines to the $2.6 billion Cape Wind project, the first offshore wind farm planned in the U.S. more
Personal incomes in Rhode Island rose 1.1 percent in the third quarter, after rising 0.7 percent in the second quarter, according to a report released Thursday by the U.S. Bureau of Economic Analysis. more
The R.I. Small Business Development Center, which will be hosted at the University of Rhode Island beginning Jan. 1, will operate a central office at URI’s South Kingstown campus and three sub-center offices in Smithfield, South Kingstown and Providence, the U.S. Small Business Administration announced Thursday. more
Granite Telecommunications LLC, on Monday planned a ribbon-cutting for a new office that marks an expansion in Rhode Island, adding 50 employees. more
The U.S. economy expanded in the third quarter at a faster pace than initially reported, led by the biggest increase in inventories since early 1998. Consumer spending slowed. more
The number of contracts Americans signed to buy previously-owned homes unexpectedly fell in October for a fifth consecutive month amid higher borrowing costs that are denting the real-estate recovery. more
Tourists beat a steady path to Rhode Island during the summer 2013, from beaches to cultural events and historic sites. While early estimates show a modest uptick overall, the approximations are, at the very least, a promising sign in one segment of the Ocean State’s sluggish economy. more
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