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Several cycles of Pentagon budget cuts and plans for a smaller U.S. military haven’t dimmed the optimism of the southern New England defense sector. Largely thanks to submarine giant General Dynamics Electric Boat, the industry has remained stable over the last several years and could even see growth ahead. But military contractors and the numerous companies linked to their supply chain are not relying solely on the political clout of the local congressional delegation to keep contracts comings. more
Michael McKelvy joined the Gilbane Building Co. in Providence in June as president and chief operating officer, after spending 26 years in various leadership roles at CH2M HILL, which is based in Englewood, Colo. He discusses work Gilbane will soon begin on the South Street Landing project in Providence, planned improvements to its headquarters in the city and the company’s plans for growth. more
The upcoming Volvo Ocean Race has already provided a boost in lodging in Newport and across the state for 2015, state hospitality proponents say, yet a forecast from a regional expert is for hotel occupancy rates in Newport to grow by only 1 percentage point. more
Arpin Van Lines was ranked second among the top three household goods carriers in the 20th annual Nationwide Relocating Employee Survey. more
The Providence Business News Executive Poll is a weekly survey of 70 business leaders throughout the state, representing small and large companies in a variety of industries. more
U.S. Sen. Sheldon Whitehouse, center, works with members of The Nature Conservancy on the “living shoreline” project on the Narrow River in Narragansett on Aug. 21. The project is using oyster shells and recycled materials to help protect against coastal erosion, sea-level rise and loss of habitat. The project was funded in part by the R.I. Coastal Resources Management Council and is also expected to tap federal funds. If successful, the project will be expanded to other Rhode Island locations. more
The thousands of free flu shots Rhode Islanders receive every year aren’t entirely free. more
Golfers may not be coming out in the numbers they did before the Great Recession, but that hasn’t stopped investment in local clubs and courses. Three member-owned golf clubs in the region survived economic pressures over the past five years by selling to private owners, rebounding from the recession’s ripple effects and the downturn in demand, club owners, managers and industry leaders say. more
(Updated, 10:45 a.m.) Banco Santander SA cut a planned sale of as much as 2.5 billion euros ($3.3 billion) of the riskiest bank bonds to 1.5 billion euros. more
When charter-boat captain Steven Anderson takes a group of fishermen out from the Port of Galilee in Narragansett on his 31-foot boat Bare Bones, he takes a touch-screen tablet so he can record data about fluke, also called summer flounder. more
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