Updated May 6 at 1:06pm
Economic Activity
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The R.I. Commerce Corp. authorized more than $9 million in state development incentives on Monday, including $5.5 million in tax credits for the construction of 160 apartments near the Providence Amtrak and MBTA station and $2.7 million for new construction at the former Louttit Laundry site in the West End. more
Rhode Island is the worst state to retire, according to WalletHub, which rated states and the District of Columbia on adjusted cost of living, entertainment options per capita and public-hospital rankings, among 20 other factors. more
Rhode Island and Massachusetts gas prices fell another 3 cents this week, to $1.92 and $1.85, respectively, AAA Northeast said Monday. more
The Providence metropolitan area ranked 25th among the 40 largest metro areas in the nation for its year-over-year home price growth of 4.4 percent in November, Black Knight Financial Services said Monday. more
The latest national annual “assets and opportunity” scorecard ranks Rhode Island 35th in outcomes, despite a ranking of 8th in policy measures, according to a report by the Corporation for Enterprise Development released Monday. more
It wouldn’t take much to look at the performance of markets these days and draw the conclusion that investors deem a U.S. recession as all but inevitable. A deeper dive finds a more benign scenario. more
Is slow economic growth here to stay? Writing in the Wall Street Journal, Ben Leubsdorf reports that this may be the case. more
Owner: Southcoast Health System Architect: JACA Architects Inc., North Quincy, Mass. Bill Epp, associate principal; Matt Bluette, associate General Contractor: Timberline Construction Corp., Canton, Mass. … more
A development team with national prominence has agreed to purchase two parcels of the I-195 Redevelopment District, as well as adjacent sites, and develop what is anticipated to be a 1.1-million square-foot mixed-use and bioscience center. more
Purchases of previously owned U.S. homes rose more than projected in December, helped in part by warmer weather and wrapping up the best year since 2006. more
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