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Government to auction offshore wind energy site
The federal Bureau of Ocean Energy Management will conduct a competitive lease sale next month for commercial wind energy development on more than 160,000 acres offshore Rhode Island and Massachusetts, the first of its kind for renewable energy sources in the nation, the U.S. Department of the Interior announced Tuesday. more
R.I. has 3rd highest debt per capita, says Tax Foundation
The Ocean State has the third highest state debt per capita in the United States at $8,721 per resident, according to The Tax Foundation, which released a map depicting all of the state debt per capita for the 2011 fiscal year. more
| 6/4/13
Providence budget raises residential tax rate, freezes commercial rate
The Providence City Council passed a $663 million budget for the 2014 fiscal year that will raise residential tax rates while freezing the city’s commercial and other tax rates and making new investments in education, public safety and infrastructure, Mayor Angel Taveras’ office announced Monday after the vote. more
Home prices continue to rise in Providence metro in April
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 1.7 percent from April 2012 to April 2013, according to CoreLogic’s Home Price Index, released Tuesday. more
| 6/4/13
Thayer St. strip sells for $2.8M
The retail strip at 213-221 Thayer Street on the city’s East Side has sold for $2.8 million, real estate brokerage firm Peter M. Scotti & Associates Inc. announced Tuesday. more
SBA names new Region I administrator
The U.S. Small Business Administration has appointed Seth Goodall of Richmond, Maine, as the administrator for Region I, the SBA region that comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. more
| 6/4/13
RBS turns over Libor records in Canada Competition Bureau probe
Royal Bank of Scotland Group Plc has started turning over documents to Canada’s Competition Bureau as the regulator probes possible manipulation of the London interbank offered rate, court records show. more
Developers abandon $29M in tax credits
Developers abandoned $29.4 million in Rhode Island historic tax credits last month by failing to make progress on six approved projects, the R.I. Division of Taxation said Monday. more
Canada-based Bitumar takes over operations at Hudson Cos.
Liquid asphalt importer and provider Hudson Cos. announced Saturday that the Canada-based Bitumar Inc. has taken over most of the operations at its Providence plant, as part of the broader process of selling Hudson’s assets. more
Brown Center for Environmental Studies to introduce new leadership, curriculum
Brown University’s Center for Environmental Studies will introduce new leadership and a revised curriculum next year, the university announced late last week. more
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