Economic Activity
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In 2013, Rhode Island businesspeople began to really believe in the recovery. A year earlier, with revenue rising and the Great Recession fading into memory, signs of optimism began emerging among local executives, at least about the prospects for their own enterprises. more
The Mass. Gaming Commission ruled Tuesday that the town of Revere must hold another public referendum on whether to allow Suffolk Downs and the Mohegan Tribal Gaming Authority to build a casino there before the commission will approve the proposal, Boston.com reported Tuesday. more
Companies added fewer workers than projected in September, indicating the U.S. job market is struggling to gain momentum, a private report based on payrolls showed today. more
The economy in the U.S. expanded in the third quarter at a faster pace than forecast, led by the biggest increase in inventories in more than a year as household purchases and business investment slowed. more
Home prices in the Providence-New Bedford-Fall River metro area rose 4.3 percent in August compared with the same period last year, according to the CoreLogic Home Price Index report released Tuesday. more
Americans in October were the most pessimistic about the nation’s economic prospects in almost two years as concern mounted that continued political gridlock will hurt the expansion. more
Companies buying their own stock make up more of the U.S. equity market than ever before, underpinning share values even as the Federal Reserve prepares to reduce stimulus. more
The Providence-New Bedford-Fall River metro area ranked 148th on the 2013 Milken Institute Best-Performing Cities Index, which evaluated local job growth, wages and salaries growth, and high-tech industry performance in 200 metro areas nationwide to assess the overall economic performance of the nation’s cities last year. more
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
The Massachusetts Gaming Commission will vote this week to decide whether to allow Suffolk Downs and the Mohegan Tribal Gaming Authority to push forward their bid for a casino in Revere, Boston.com reported Sunday. more
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