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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
Brown University will launch a new Institute for the Study of Environment and Society, adding over the next several years up to 11 faculty who would serve as fellows, school officials said late Monday. more
The U.S. government’s deficit will fall to $492 billion this year, according to the Congressional Budget Office, a steeper drop than originally predicted from $680 billion in fiscal year 2013. more
Long-term health care costs in Rhode Island have risen more rapidly over the past five years than in the United States as a whole and can cost as much as 40 percent more each year than the national average, according to the Genworth 2014 Cost of Care Survey released Monday. more
Gasoline prices rose a penny in Rhode Island and Massachusetts this week, but prices in both states were lower than the national average for the first time in 10 months, according to the weekly survey by AAA Southern New England. more
Care Thread, a Providence-based alumnus of the Betaspring accelerator program that provides secure mobile messaging for hospitals, has been named a finalist in the Brigham and Women’s Hospital Innovation Hub Pilot Shark Tank Challenge along with nine other health-tech startups. more
National Grid and CVS Caremark Corp. have partnered with Roger Williams University to announce a sponsorship for select minority-owned, women-owned and veteran-owned businesses to participate in an RWU program to assist them in soliciting business. more
Retail sales increased in March by the most since September 2012 as Americans bought more cars, clothing and garden supplies, helping the economy recover from a weather-depressed start to the year. more
Harsh winter weather dragged down new home construction and Rhode Island’s overall economic performance in February, according to the Current Conditions Index produced by University of Rhode Island economist Leonard Lardaro. February’s CCI of 58 is lower than both January’s figure of 67 and the index for February a year ago, which was also 67, the report states. more
The R.I. Science & Technology Advisory Council has awarded more than $800,000 in grants to seven teams of researchers for projects on climate change and marine issues, as well as development of communications to bring those issues to the public, Gov. Lincoln D. Chafee announced Friday. more
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