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EDC board takes no action on 38 Studios
The R.I. Economic Development Corporation board of directors adjourned its regularly scheduled monthly meeting on Monday without taking any action on the troubled video game developer 38 Studios LLC. more
| 5/21/12
Rhode Islanders prep for Hurricane Sandy
Residents, government offices and utilities throughout Rhode Island and Southern New England are taking steps to prepare for the arrival of Hurricane Sandy, which is set to hit the East Coast late Sunday and peak on Monday and Tuesday, according to the National Weather Service. more
More than 45,000 still without power in Sandy’s wake
(Updated, 4 p.m.) National Grid has restored power to more than 75,000 Rhode Island customers, but another 45,000 are still in the dark. more
Wampanoag casino deal most lucrative in U.S.
The 21.5 percent share of revenue Massachusetts will earn from a casino built by the Mashpee Wampanoag Tribe is the most any state has ever negotiated with an American Indian Tribe, according analyst Clyde Barrow. more
| 7/12/12
State lands $2.9M to rebuild fisheries infrastructure
The U.S. Department of Commerce has awarded a $2.9 million U.S. Economic Development Administration grant to the R.I. Department of Environmental Management to “rehabilitate critical infrastructure” at the port of Galilee, lawmakers announced Friday. more
| 3/1/13
R.I. takes control of Schilling’s 38 Studios assets
The R.I. Economic Development Corporation and Bank of New York Mellon Trust Co. won court approval to take possession of assets of 38 Studios LLC, the bankrupt video-game maker founded by former Boston Red Sox pitcher Curt Schilling. more
NIH awarded $147M to R.I. in FY2012
During the fiscal year ended June 30, the National Institutes of Health awarded a total of $146.96 million in grants to Rhode Island hospitals, universities and companies. more
Labor Dept. cuts state’s extended unemployment benefits
Rhode Island no longer qualifies for the State Extended Benefits unemployment insurance program, the U.S. Department of Labor told the R.I. Department of Labor and Training on Monday. more
Report: R.I.’s pensions, retiree benefits cause for ‘serious concern’
According to the Pew Center report - “The Widening Gap Update” – Rhode Island’s management of its long-term liabilities for pensions and retiree health care were cause for “serious concern.” more
| 5/19/12
R.I. Port Services named terminal operator by QDC
The Quonset Development Corp. has named Rhode Island-based company R.I. Port Services as the new terminal operating agency for container handling at the Port of Davisville, the seventh largest auto importer in North America. more
| 9/13/12
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