Government
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The National Endowment for the Arts has awarded $787,100 in federal matching grants to support new and established art projects, workshops, community arts programs and arts education in Rhode Island. more
The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report. more
Virtual technology developer Worlds Online Inc. has signed a letter of intent to acquire Sigal Consulting LLC, a Massachusetts-based firm that specializes in licensing and developing medical marijuana facilities, including the Thomas C. Slater Compassion Center in Providence. more
The R.I. Department of Revenue collected $27.6 million less than expected in March, meaning the monthly total general revenue of $305 million fell 8.3 percent short of the $333 million originally projected, the department reported Tuesday. more
U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report. more
Rhode Island’s economic outlook ranked No. 41 among the 50 U.S. states according to the 2014 ALEC-Laffer State Economic Competitiveness Index released Tuesday by the American Legislative Exchange Council. Rhode Island’s ranking at No. 41 in the 2014 report was an improvement over last year, when the Ocean State landed at No. 45. more
Advocates for small business in Rhode Island got the ear of the U.S. Small Business Administration’s national ombudsman Tuesday to bring up concerns about the impact of federal regulations on local companies. more
U.S. Sens. Jack Reed and Sheldon Whitehouse and U.S. Rep. James R. Langevin on Monday announced a new $800,000 federal grant for infrastructure upgrades at the Port of Davisville designed to increase Rhode Island’s port capacity and improve cargo shipment flexibility for companies headquartered in Quonset Business Park. more
The U.S. government’s deficit will fall to $492 billion this year, according to the Congressional Budget Office, a steeper drop than originally predicted from $680 billion in fiscal year 2013. more
National Grid and CVS Caremark Corp. have partnered with Roger Williams University to announce a sponsorship for select minority-owned, women-owned and veteran-owned businesses to participate in an RWU program to assist them in soliciting business. more
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