Economic Activity
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EDC: America’s Cup economic impact tops $38M for R.I. businesses
(Corrected, 2:45 p.m.) The Ocean State is perfectly-positioned and well-prepared to host high-profile marine events based on the success of the America’s Cup races in Newport last summer, according to a report from the R.I. Economic Development Corporation. more
U.S. retailers’ sales miss estimates as Sandy cuts holiday
U.S. retailers posted November same- store sales that trailed analysts’ estimates as superstorm Sandy depressed traffic early in the month, overwhelming gains from the start of holiday shopping. more
Taveras taps Flores-Marzán as urban development director
Rubén Flores-Marzán, the former president of the planning board of the Commonwealth of Puerto Rico, has been named Providence’s planning and urban development director by Mayor Angel Taveras. more
Tax data-based revisions push R.I. job numbers in spring higher
A recent tax data analysis of the state’s labor market showed better job growth estimates for the second quarter of 2012 than originally reported from a monthly estimate. more
R.I. personal income rises 1% in 2Q
Personal income in Rhode Island rose 1 percent from $47 billion during the first quarter of 2012 to $47.5 billion during the second quarter, according to a new report from the U.S. Bureau of Economic Analysis. more
| 9/25/12
Taveras outlines economic development plan
At a press conference on Wednesday, Mayor Angel Taveras outlined a 20-step economic development action plan to “put Providence residents back to work and jump-start the economy of Rhode Island’s capital city.” more
| 3/27/13 | 1 comment
R.I. exports fall 13.8% in September
Exports from the Ocean State decreased 13.8 percent in September to $177.1 million on a month-to-month, seasonally adjusted basis after rising 20.7 percent in August, according to an international trade statistics report from e-forecasting.com. more
| 11/27/12
Business owner credit profiles improve across U.S., but not in R.I.
During the last four years, the average credit profile of U.S. small business owners has improved in 45 of 50 states and the District of Columbia, but not Rhode Island, according to a report by The Direct Capital Corp. more
| 11/6/12
RIF offers $1M to spur economy
Things have been happening in Rhode Island since The Rhode Island Foundation’s two-day private-sector intervention in the Ocean State economy brought together stakeholders in early September. more

By Patrick Anderson
PBN Staff Writer | 10/22/12

Seaconnet Point Farm properties sell for $7.8M
Two properties in Seaconnet Point Farm in Little Compton have sold for $7.8 million, Residential Properties Ltd., the listing brokerage, said Tuesday. more
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