Updated September 30 at 6:25am
Economic Development
309 results total, viewing 1 - 10
Disadvantaged neighborhoods, crime-ridden streets, a racial divide splitting a city into two and high unemployment rates among racial minorities: They are all problems Rhode Island communities say they are ready to tackle, with the help of the Federal Reserve Bank of Boston's Working Cities Challenge. more
PROVIDENCE — The R.I. Commerce Corp. board authorized $6.1 million in real estate-related tax credits, as well as $1.2 million in sales tax incentives, to encourage development of two new mixed-use projects. The third phase of Hope … more
State-organized, international trade trips have taken business and government leaders in Rhode Island to Canada and the United Kingdom in recent months. The latest venture, to England and France, came soon after the United Kingdom voted to … more
The latest federal statistics on gross domestic product growth paint an improving picture in the Providence-Warwick-Fall River metropolitan area, but it is hardly a standout in the nation. From 2010-2015, the real gross domestic product … more
The Working Cities Challenge is a Federal Reserve Bank of Boston program designed to create an economic resurgence in communities after "years of population and economic decline." To that end, the Boston Fed is having seven of the state's urban-core … more
Problem: With one of the highest violent crime rates in the state, according to FBI statistics, the Central Falls Working Cities team has identified Sylvian Street as the epicenter of such problems. Absentee landlords, migratory tenants and a … more
Problem: East Providence is losing young adults, as the number of residents aged 25-34 years old fell 30 percent from 1990 to 2015. The East Providence Working Cities team has identified Riverside Square as an area where there's a large population … more
Problem: Although known for its mansions, Newport has issues with poverty, education and mobility. The Newport Working Cities team reports subpar graduation rates – 79 percent – high child-poverty rates – 24.4 percent – and a mass exodus, as … more
Problem: The capital city has a skills problem. In 2000 the unemployment rate for residents in the labor force totaled 9.3 percent, compared with 13.7 percent in 2014. The Providence Working Cities team has also identified a skills gap between … more
Problem: Beachcombers who frequent Westerly's coastline might not get to see the North End neighborhood, which is struggling. Last school year, more than 53 percent of students attending Springbrook Elementary were eligible for subsidized lunch – … more
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