Economic Activity
1015 results total, viewing 461 - 470
Rhode Island’s financial profile has improved following the economic downturn, but weak economic and demographic trends, paired with large combined debt and pension liabilities, remain sources of credit pressure, according to Moody’s Investor Service. more
City Council President Michael Solomon Thursday proposed a new system for awarding property tax treaties for major land developments that does not include mayoral or council approval. more
The U.S. Small Business Administration supported lending $86.5 million to Rhode Island businesses in the fiscal year that ended Sept. 30, an increase of 26 percent from the $68.6 million loaned a year earlier. more
An agreement has been reached between Commonwealth Ventures LLC and the Heritage Harbor Museum Corporation to allow redevelopment of the South Street Power Station into an academic and nursing-school complex to go forward. more
An analysis of Rhode Island’s tax data, released Thursday by the R.I. Department of Labor and Training, showed more growth in the state’s private-sector employment during the fourth quarter of 2013 than originally estimated. After analyzing tax data from 32,000 businesses, the DLT now estimates the number of Rhode Island-based jobs for December to be 473,300 – 2,100 more than the original estimate of 471,200. more
Although his plan to expand the Newport Grand slot parlor into a full casino was rejected by local voters, developer Joseph Paolino Jr. said Wednesday he has not ruled out investing in the property. more
The Naval Undersea Warfare Center dedicated a new $24.9 million payload research facility on Wednesday. more
A.H. Belo Corp. has completed the $46 million sale of The Providence Journal to Gatehouse Media, a subsidiary of New York-based New Media Investment Group Inc. more
The R.I. Commerce Corporation released an action report earlier this week outlining specific economic development initiatives designed to improve Rhode Island’s business climate, create jobs and lower unemployment. The report, “Actions for Economic Development in Rhode Island,” advocated building on Rhode Island’s native economic advantages. more
The R.I. Department of Revenue collected $7 million more than expected in May, resulting in a 3.2 percent monthly total general revenue surplus compared with the state’s original revenue projections, the department reported Tuesday. more
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