Government
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The R.I. Commerce Corporation released an action report earlier this week outlining specific economic development initiatives designed to improve Rhode Island’s business climate, create jobs and lower unemployment. The report, “Actions for Economic Development in Rhode Island,” advocated building on Rhode Island’s native economic advantages. more
The R.I. Coastal Resources Management Council unanimously voted Tuesday night to grant final approval to Deepwater Wind LLC’s Block Island Wind Farm. more
On the streets surrounding the newly construction-fenced Kennedy Plaza, familiar faces wait in new locations for buses to neighborhoods across the state. more
Cranston Mayor Allan Fung is going all in on tax cuts as a Republican gubernatorial candidate. Not content to simply match the $100 million tax-cut plan of his GOP primary opponent Ken Block, Fung is going bigger, and more conservative, with a $200 million package of cuts meant to stimulate the economy. more
The Federal Aviation Administration has approved a $20.85 million grant to T.F. Green Airport for the next phase of its ongoing runway relocation project, U.S. Sen. Jack Reed announced Thursday. more
An assessment of the 38 Studios LLC moral obligation bond debt service conducted by SJ Advisors concluded that failure to repay the bonds would probably result in a downgrade of Rhode Island’s bond rating to “junk bond” status. more
Former Mayor Vincent A. “Buddy” Cianci Jr. said Wednesday he will run for the city’s top office again, this time as an independent. more
The Rhode Island Center for Freedom & Prosperity on Thursday released its 2014 Report Card on Rhode Island Competitiveness, in which the Ocean State scored a “D” or “F” in nearly 80 percent of the measures analyzed to evaluate the state’s regional and natural economic competitiveness. more
Although the R.I. Department of Labor and Training is more commonly known for delivering unemployment benefits than placing people in jobs, expanded and continuing programming targeted to help people find work – along with two policy changes – are expected to help move those who are without a job off the unemployment rolls sooner, Director Charles J. Fogarty said. more
Regional and state unemployment rates changed little in September, according to the U.S. Bureau of Labor Statistics, and Rhode Island is an example, as it has maintained a 7.6 unemployment rate since August. more
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