Government
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Rhode Island’s defense industry contributed $3.75 billion to the state’s economy in 2013 and supported as many as 33,806 jobs statewide, according to a report released Tuesday by the R.I. Defense Economy Planning Commission. The defense economy generated $1.93 billion in income for Rhode Island households last year as well as $106 million in tax revenue for the state. more
Moody’s Investors Service has affirmed its “Baa2” rating of Pawtucket’s $34.9 million in long-term general obligation bonds and raised the city’s rating outlook from negative to stable. more
A $701,363 federal grant received by the R.I. Department of Labor and Training will enable the state agency to expand its career services programs to the unemployed. more
Thanks to a National Park Service grant program, 23 projects in 10 Rhode Island cities and towns are on the receiving end of a total of $2.8 million designed to repair damage done by Hurricane Sandy in the fall of 2012 and to prepare for future potential damage. more
For four years, the U.S. Education Department has threatened to rein in for-profit colleges and their soaring student debt. Now it has found a way. more
(Updated, 12:01 p.m.) U.S.-bound travelers from some overseas airports are being asked to turn on mobile phones and other devices under enhanced security measures from the Transportation Security Administration. more
Europe’s banks face a further $50 billion of legal costs as they catch up with their U.S. counterparts, according to analysts at Morgan Stanley. more
WASHINGTON – Cape Wind Associates LLC received a conditional $150 million loan guarantee from the U.S. Department of Energy to build what may be the nation’s first offshore wind farm, off the Massachusetts coast, Bloomberg News reported. more
BOSTON – Gov. Deval L. Patrick last week announced that the U.S. Environmental Protection Agency has approved the designation of all state coastal waters as a No Discharge Area, a move that will prohibit commercial and recreational vessels from releasing sewage anywhere along the coast. more
PROVIDENCE – In effort to stave off the effects of increased gambling in Massachusetts, the General Assembly last month approved several measures concerning Lincoln’s Twin River gaming facility in the final days of the 2014 legislative session. more
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