Government
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Capital Good Fund has been awarded a $125,000 Community Development Financial Institutions Fund grant from the U.S. Department of Treasury to provide micro-loans and financial coaching to low-income residents and communities across Rhode Island. more
Citing a number of concerns, including community opposition to the location of large wind turbines near the city’s Point neighborhood, the U.S. Navy has shelved its proposed wind energy project in Newport. more
The Slater Technology Fund is seeking $3 million from the state Renewable Energy Fund to seed a new $8 million investment vehicle for Rhode Island early-stage energy companies. more
The R.I. Department of Revenue collected $297,158 more than expected in July, resulting in a monthly total general revenue surplus of one-tenth of 1 percent compared with the state’s original revenue projections. more
Sellers of bonds backed by mortgages and auto loans would have to give investors details including the borrowers’ income and credit scores under rules the U.S. Securities and Exchange is poised to consider this week. more
Gov. Lincoln D. Chafee has trumpeted the potential of Canadian hydropower to supply so-called clean electricity to the New England, and he is not alone. Solar and wind power also have been targeted for growth. But no matter the source, the region needs more than renewable energy to meet its needs. more
Rhode Island’s landfill has about 24 more years of life left in it, but a new push to recycle stained, worn and damaged clothes and other textiles may help stretch out that life a little longer. more
The plan by New England governors to finance new natural gas pipelines and electrical transmissions lines with charges on energy bills has been thrown into uncertainty. more
BOSTON – A lobbying firm will pay $100,000 to resolve allegations it profited from an inappropriate contingency-fee agreement with a Brighton, Mass., hospital, Attorney General Martha Coakley announced last week. more
BOSTON – Gov. Deval L. Patrick this month signed a new economic-development package to provide training to ensure the workforce meets the needs of employers, and also invest in the state’s Gateway Cities to promote development across the state. more
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