Economic Development
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Pawtucket, Central Falls properties have ‘strong potential’ for development
Underutilized Blackstone River corridor properties in Pawtucket and Central Falls have strong potential for retail and residential development, a market analysis commissioned by the Pawtucket Foundation has found. more
Construction jobs on the rise in Providence metro
Construction employment rose in 130 out of 337 metro areas, including the Providence-Fall River-Warwick area, dropped in 164 out of 337 metro areas, including New Bedford metro area, and stayed stagnant in 43 metro areas from August 2011 and August 2012. more
| 10/5/12
U.S. jobless rate declines to 7.8%, 114,000 jobs added
The unemployment rate in the U.S. unexpectedly fell to 7.8 percent in September, the lowest since President Barack Obama took office in January 2009, as employers took on more part-time workers. more
Mann resigns as Pawtucket Foundation executive director
(Updated, 5:35 p.m.) Thomas A. Mann Jr. has resigned as executive director of the Pawtucket Foundation, effective Oct. 12, the organization announced Tuesday. more
| 10/2/12 | 2 comments
Jobs outlook seen weak as U.S. companies see need for cost cuts
Weakening demand is forcing new and accelerated cost reductions at companies from Bank of America Corp. and Hewlett-Packard Co. to Staples Inc. and Eastman Kodak Co., dimming the outlook for an already struggling U.S. labor market. more
Rhode Island exports plunged 14.3% in July
Exports from Rhode Island plunged 14.3 percent in July after rallying 13.2 percent in June, according to an international trade statistics report from e-forecasting.com. more
| 9/27/12
MassBenchmarks: Mass. economy shifts into ‘lower gear’
After outstripping national growth in recent years, the Massachusetts economy has “dropped into a lower gear,” according to the Leading Economic Index released Thursday by the MassBenchmarks editorial board. more
IlluminOss lands $28M in Series C financing round
East Providence-based medical device firm IlluminOss Medical Inc. - founded by Robert A. Rabiner in 2007 - has raised $28 million in a Series C financing round that included the Slater Technology Fund. more
EDC holds supplemental meeting after scheduling error
Updated, 11:30 a.m.) After a scheduling error with the electronic posting system that shows the date of all meetings open to the public, the R.I. Economic Development Corporation will hold a supplemental meeting of its board of directors. more
| 9/26/12
R.I. personal income rises 1% in 2Q
Personal income in Rhode Island rose 1 percent from $47 billion during the first quarter of 2012 to $47.5 billion during the second quarter, according to a new report from the U.S. Bureau of Economic Analysis. more
| 9/25/12
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