Updated August 26 at 9:26am
Government
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The U.S. economy grew less than previously reported last quarter on lower government outlays and a bigger depletion of inventories, capping a sluggish first-half performance propped up mainly by consumer spending. more
A federal project to build a liquefied natural gas processing facility in Providence is not in the city’s best interest, said Mayor Jorge O. Elorza Thursday, in a statement released by his office. The mayor cited environmental concerns associated with hydraulic fracking, which he said is devastating communities located near the extraction sources of natural gas. more
U.S. Sens. Jack F. Reed and Sheldon Whitehouse and Reps. James R. Langevin and David N. Cicilline announced today $1,601,344 in federal funding to assist fire departments in Central Falls, Exeter and Woonsocket in purchasing new trucks and firefighting equipment. These improvements will enhance response capabilities, vehicle safety advancements and financial savings in these communities. more
Rhode Island students in multiple grades increased their participation in the Partnership for Assessment of Readiness for College and Careers and raised their scores in English language arts/literacy and mathematics according to the 2016 PARCC report released Thursday. more
Defense Innovation Days will kick off next week at the Hyatt Regency Newport. more
For the Federal Reserve to succeed in its mandated bid to anchor inflation higher, it needs to overcome a big demographic hurdle: millennials don’t expect prices to rise anytime soon. more
Local 1 percent meal and beverage tax collections increased 3.1 percent year over year in May, and nearly 8 percent when comparing the first 11 months of the fiscal year with the same time frame last year, the state Department of Revenue said Wednesday. more
CVS Health Corp. received the most state tax credits and incentives at $21.2 million last fiscal year, according to the R.I. Division of Taxation. more
(Updated 10:10 a.m. and 12:39 p.m.) The R.I. Commerce Corp. said Tuesday that it has agreed to a $25.6 million settlement with two more defendants in the ongoing 38 Studios LLC civil lawsuit. more
Rhode Island ranked 35th in a listing of all 50 states based on overall economic performance released Monday by Governing, a Washington, D.C.-based media platform that covers politics, policy and management for state and local leaders. more
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