Updated October 6 at 11:06am
Economic Indicators
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The final audit for fiscal 2014 showed that the city ended the year with a $4.8 million surplus, and that the School Department had an operational surplus of more than $500,000, according to the mayor’s office. more
More Americans than forecast filed applications for unemployment benefits last week, a sign of lingering holiday turnover. more
Rhode Island had the highest child poverty rate in New England in 2013 at 21.5 percent, with Central Falls, Pawtucket, Providence and Woonsocket having the highest rates in the state, according to Rhode Island Kids Count. more
Bryant University has named Glenn M. Sulmasy, a U.S. Coast Guard Academy captain, as its first provost and chief academic officer, effective this March. more
The Wide World of Indoor Sports at Quonset Business Park is planning to build a second facility this year, according to information from the Quonset Development Corporation. more
Venture capitalists invested $124.1 million in Rhode Island companies in 2014, $42 million more than in 2013, and the largest amount to date, according to the MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association. more
Federal Reserve officials are starting to reassess their outlook for the economy as global weakness and disappointing data on American consumer spending test their resolve to raise interest rates this year. more
The Port of Davisville at Quonset Business Park had its fifth consecutive record-breaking year for automobiles imported by ship in 2014, according to Gov. Gina M. Raimondo. more
National Grid Wednesday announced a plan to invest $93 million into electricity transmission and distribution on Aquidneck Island to bring more reliable power to Portsmouth, Middletown and Newport. more
New residential construction in the U.S. rose more than forecast in December, capping the best year since 2007 and signaling the industry will probably keep expanding this year. more
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