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The New England Institute of Technology showcased student-designed video games harnessing the power of virtual reality at the annual Penny Arcade Expo gaming convention held in Boston April 11-13. more
The R.I. Department of Revenue collected $27.6 million less than expected in March, meaning the monthly total general revenue of $305 million fell 8.3 percent short of the $333 million originally projected, the department reported Tuesday. more
U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report. more
Individual default rates in the U.S. have dropped to their lowest level since before the financial crisis as consumer confidence rises and first-time jobless claims fall. more
Rhode Island’s economic outlook ranked No. 41 among the 50 U.S. states according to the 2014 ALEC-Laffer State Economic Competitiveness Index released Tuesday by the American Legislative Exchange Council. Rhode Island’s ranking at No. 41 in the 2014 report was an improvement over last year, when the Ocean State landed at No. 45. more
Advocates for small business in Rhode Island got the ear of the U.S. Small Business Administration’s national ombudsman Tuesday to bring up concerns about the impact of federal regulations on local companies. more
The Consumer Price Index in the Northeast rose 1.5 percent on a non-seasonally adjusted basis during the 12 months ended in March, matching the increase in the national index during the same time period, according to a report from the U.S. Bureau of Labor Statistics. more
U.S. Sens. Jack Reed and Sheldon Whitehouse and U.S. Rep. James R. Langevin on Monday announced a new $800,000 federal grant for infrastructure upgrades at the Port of Davisville designed to increase Rhode Island’s port capacity and improve cargo shipment flexibility for companies headquartered in Quonset Business Park. more
The R.I. Division of Taxation will hold a public hearing on Wednesday, April 23, on a proposed regulation dealing with commercial farm related-items, according to an announcement in the division’s quarterly newsletter released April 9. more
The South Eastern Economic Development Corp. has provided Reidar’s Manufacturing in New Bedford with a $779,000 loan for the purchase of land and construction of a 21,000-square-foot warehouse for business expansio more
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