Updated May 2 at 3:02pm
Local News
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(Updated 1:06 p.m.) Providence Strategic Growth Capital, an affiliate of Providence Equity Partners LLC, has closed its first fund with $315 million of equity commitments. more
With average monthly energy bills of $346, Rhode Island is the fifth most energy expensive state, according to the latest study by WalletHub. more
Currency traders are taking Greece’s bailout agreement as a green light to sell the euro. more
Lockheed Martin Corp. is in advanced talks to acquire United Technologies Corp.’s Sikorsky helicopter business, the Wall Street Journal reported. more
Leonard Lardaro is optimistic that Rhode Island’s economy is transitioning to a period of more rapid growth. more
Five percent, or 24, of Rhode Island’s 506 middle-market firms are engaged in exporting, according to Middle Market Power Index: Taking the Global Stage, a report from American Express and Dun & Bradstreet. more
Federal Reserve Chair Janet Yellen said she still expects to raise interest rates this year and repeated that the subsequent pace of increases will be gradual. more
Gov. Gina M. Raimondo has signed into law legislation that would permit tax exemptions on new residential construction deemed development property by municipal assessors. more
Providence is one of the nation’s 10 greatest coffee cities and one of the places where you can find a great hot dog, according to recent press reports. more
Scandia has acquired Mindfly, a Web development company in Washington, for an undisclosed sum. more
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