Economic Development
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Port tenants question QDC choice to run terminal
The choice of Rhode Island Port Services as the new terminal operator for the port of Davisville in North Kingstown has two of the biggest existing companies there, Seafreeze Ltd. and Rhody Transportation & Warehousing Inc., questioning how the agency managing port operations handled the search. more

By Michael Souza
PBN Staff Writer | 10/1/12

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
U.S. stocks advance amid better-than-forecast economic reports
U.S. stocks advanced, snapping a three-day decline for the Standard & Poor’s 500 Index, after better-than-estimated consumer confidence and housing data. more
RIPEC: Bring EDC under state control
The R.I. Economic Development Corporation, plagued by inefficiency and lack of direction, should be brought under direct control of the governor’s office and a new state commerce agency, the Rhode Island Public Expenditure Council recommended in a report on the quasi-state agency released Tuesday. more
Slater invests another $250K in VCharge
The Slater Technology Fund has committed $250,000 in new funding to VCharge, an energy management services company, Slater announced Monday. more
| 9/24/12
Consumer optimism rising with stocks lifts Obama’s odds
Improving consumer moods bolster President Barack Obama’s re-election prospects in a campaign that has been largely fought on economic issues, said Andrew Kohut, president of the Pew Research Center in Washington. more
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