Economic Activity
503 results total, viewing 1 - 10
(Updated, 3:50 p.m., Aug. 28) Some of the region’s most buzzworthy companies have been named in Providence Business News’ third Fastest-Growing & Innovative Companies awards program. Companies with the largest percentage growth of revenue from 2011 to 2013 in four revenue size categories, along with the most innovative companies in each of 10 industry categories, will be feted on Sept. 10 at an oceanfront event at Newport’s Rosecliff Mansion. more
(Updated, Aug. 4, 3:45 p.m.) GateHouse Media will not honor the collective bargaining agreements negotiated between the Providence Journal and A.H. Belo Corp. and may lay off as many as 40 Journal employees upon its purchase of the paper who will be covered by Belo’s severance policy, according to an asset purchase agreement filing with the U.S. Securities and Exchange Commission. more
It’s back to square one for Rhode Island’s redevelopment of the former Shooters nightclub property in Providence. The R.I. Department of Environmental Management officially broke off talks May 1 with Bowl Arts LLC, the community group that had been hoping to build a concert and performing arts venue on the site. more
A total of more than $14.8 million in Rhode Island tax credits were granted in fiscal year 2014, according to the recently published Tax Credit and Incentive Report. more
Downgrading Rhode Island’s economic momentum from “precarious” to “tenuous,” University of Rhode Island economist Leonard Lardaro said June’s Current Condition Index “shatters the notion” of economic progress the state seemed to be making. more
Six Rhode Island businesses will receive $269,963 in grants from the state’s Innovate Rhode Island Small Business Fund (Innovate RI Fund), according to the R.I. Commerce Corporation and the R.I. Science and Technology Advisory Council. more
The House Finance Committee late Thursday night passed an $8.7 billion state budget bill unveiled by Democratic leadership that would lower the state’s corporate tax rate and cut estate taxes, while raising the gas tax and motor vehicle fees. more
Newport Harbor Corp. has sold the Newport Yachting Center on the city’s waterfront to Peregrine Group LLC for an undisclosed price, the company announced Tuesday. more
After advancing slightly in last year’s ranking, Rhode Island dropped once again to dead last in CNBC’s America’s Top States for Business 2014 report. The 2014 ranking represents the third time in the last four years that Rhode Island came in at No. 50 in the CNBC report, which scored all 50 states on 56 measures of economic competitiveness. more
Economic momentum shifted into a higher gear in Rhode Island in August, a possible turning point in the state’s recovery, University of Rhode Island economist Leonard Lardaro said Monday. more
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