Government
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Providence suspends Innovation Investment Program
(Updated, 4:05 p.m.) The city has suspended a program providing $50,000 loans to startup companies that promise to stay in Providence for at least a year. more
RBS sued by ING, Illinois teachers over 2008 rights offering
Royal Bank of Scotland Group Plc was sued by a group of 21 pension funds and investment firms claiming the lender misled them about its finances when selling new shares in 2008, months before a government bailout. more
Health care summit draws a crowd as panelists discuss reforms
More than 450 people crowded into the Grand Ballroom at the Crowne Plaza Providence-Warwick to hear two panels of health care experts discuss the implementation of health care reform in Rhode Island, new innovative payment and delivery models for health care delivery now underway, and the progress being made on the launch of the R.I. Benefits Exchange. more
Prov. Police: Violent crime ‘static,’ burglaries drop in ’12
While all crime combined fell 4 percent, the worst offenses – including murder, rape, robbery and assault – occurred at the same rate in 2011 and 2012, the Providence Police Department announced Thursday. more
DEM closes Rocky Point purchase from SBA
Thursday morning, the R.I. Department of Environmental Management completed the purchase of the remaining 82 acres of land at Rocky Point Park from the U.S. Small Business Administration. more
| 3/28/13
Economy in U.S. expanded at revised 0.4% pace in 4Q
The U.S. economy slowed less than previously estimated in the fourth quarter, reflecting a bigger gain in business spending and a smaller trade gap. more
RIPEC: Expanded availability of SHOP ‘crucial’ to success
The availability of the Small Business Health Options Program, or SHOP, a component of the health benefits exchange in Rhode Island, should be expanded to businesses with more employees, the Rhode Island Public Expenditure Council said in a report released Wednesday afternoon. more
| 3/27/13
Fed’s Rosengren backs bond buying through ’13 to lift growth
Federal Reserve Bank of Boston President Eric Rosengren said he wants to continue the central bank’s bond purchases through year’s end and raise or lower the pace in response to economic data. more
Taveras outlines economic development plan
At a press conference on Wednesday, Mayor Angel Taveras outlined a 20-step economic development action plan to “put Providence residents back to work and jump-start the economy of Rhode Island’s capital city.” more
| 3/27/13 | 1 comment
Report: 22% of R.I. children live with an unemployed or underemployed parent
More than 20 percent of children in the Ocean State live with a parent who is either unemployed or underemployed, according to a report from the Urban Institute. more
| 3/26/13
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