Economic Activity
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Fed: New England economy ‘continues to grow modestly’
While New England’s tourism industry ended the year “on a high note,” the rest of the region’s economy continued to grow modestly, according to the Beige Book report from the Federal Reserve Bank of Boston. more
| 1/16/13
Kate Burton to receive 2013 Pell Lifetime Achievement Award
Stage and screen actress Kate Burton will be honored with the 2013 Pell Award for Lifetime Achievement in the Arts at the 17th annual Pell Awards, Trinity Repertory Co. announced. more
| 1/16/13
Oil rises in New York as U.S. inventories unexpectedly decrease
Oil rose in New York on an unexpected drop in U.S. inventories as imports declined for the fourth time in five weeks and petroleum consumption increased. more
Hasbro implements recycling program at all R.I. facilities
Toy and game-maker Hasbro Inc. has teamed up with the R.I. Resource Recovery Corp. to introduce single-stream recycling at all of its Ocean State facilities. more
| 1/16/13
Regional consumer prices rise 1.8% in December
The Consumer Price Index in the Northeast rose 1.8 percent over the last 12 months to 246.5 in December, according to a report from the U.S. Bureau of Labor Statistics. more
| 1/16/13
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
Providence’s urban farm initiative lands $100K
Lots of Hope, an environmental initiative to transform vacant city-owned lots in Providence into urban farms, was awarded a combined $100,000 by The Rhode Island Foundation and Florida-based Local Sustainability Matching Fund. more
| 1/15/13
Home prices drop in Providence metro in November
Single-family home prices in the Providence-Fall River-New Bedford metro area dropped 0.3 percent in November 2012 compared with the same period in 2011, according to CoreLogic’s Home Price Index. more
R.I. one of states hardest hit by recession, says Fed’s Rosengren
Rhode Island was one of the states hardest hit by the recession and continues to be one of the slowest to recover, Federal Reserve Bank of Boston President Eric Rosengren said Tuesday at a meeting of the Greater Providence Chamber of Commerce. 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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