Economic Activity
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Companies in U.S. added fewer workers than forecast in May
Companies in the U.S. hired fewer workers than projected in May as federal budget cuts and higher taxes stifled greater improvement in the labor market. more
JWU sells Seekonk inn for $1.65M
Johnson & Wales University has sold a Seekonk inn it owned and operated as an internship and training site for the past 30 years, the school announced Tuesday. more
R.I. has 3rd highest debt per capita, says Tax Foundation
The Ocean State has the third highest state debt per capita in the United States at $8,721 per resident, according to The Tax Foundation, which released a map depicting all of the state debt per capita for the 2011 fiscal year. more
| 6/4/13
Providence budget raises residential tax rate, freezes commercial rate
The Providence City Council passed a $663 million budget for the 2014 fiscal year that will raise residential tax rates while freezing the city’s commercial and other tax rates and making new investments in education, public safety and infrastructure, Mayor Angel Taveras’ office announced Monday after the vote. more
Home prices continue to rise in Providence metro in April
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 1.7 percent from April 2012 to April 2013, according to CoreLogic’s Home Price Index, released Tuesday. more
| 6/4/13
Thayer St. strip sells for $2.8M
The retail strip at 213-221 Thayer Street on the city’s East Side has sold for $2.8 million, real estate brokerage firm Peter M. Scotti & Associates Inc. announced Tuesday. more
SBA names new Region I administrator
The U.S. Small Business Administration has appointed Seth Goodall of Richmond, Maine, as the administrator for Region I, the SBA region that comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. more
| 6/4/13
Developers abandon $29M in tax credits
Developers abandoned $29.4 million in Rhode Island historic tax credits last month by failing to make progress on six approved projects, the R.I. Division of Taxation said Monday. more
Report: Manufacturing key to export growth
Big exports are possible in the smallest state. more
BY PBN STAFF | 6/3/13
East Providence’s Nordson EFD strong at home, abroad
Even though a large portion of American companies have for many years been outsourcing operations to Central America, Asia and other countries around the globe, Nordson Engineered Fluid Dispensing has continued to hold onto its customers. more

By Rhonda Miller
PBN Staff Writer | 6/3/13

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