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Despite rising office vacancies in downtown Providence over the past year, CB Richard Ellis-New England executives described a healthy overall Rhode Island commercial real estate market in the firm’s annual market outlook Tuesday. more
The capital city of Rhode Island – also known as the Renaissance City or the Creative Capital – has recently appeared among the top ranked U.S. cities in a number of lifestyle-oriented studies. more
Alexion Pharmaceuticals Inc. has made a $25 million preferred equity investment in Moderna Therapeutics and will also provide $100 million up front as part of a long-term agreement to develop treatments for rare diseases with Moderna’s messenger RNA Therapeutics platform, the two companies announced Monday. more
Electric Boat President Jeffrey S. Geiger painted a glowingly positive picture of the future expansion and employment at the shipbuilder’s North Kingstown facility, with 650 new jobs in 2014 planned to be added to the current workforce of about 2,800. more
The Rhode Island district office of the U.S. Small Business Administration and the city of Providence renewed a partnership that encourages economic development by assisting businesses on issues such as strategic planning, accessing capital and securing government contracts. more
The U.S. Senate cleared for President Barack Obama’s signature a stopgap spending bill to keep federal government funding from lapsing tonight. more
In the face of declining enrollment, Rhode Island’s aging school buildings are costing the state a lot of money to maintain, and could cost even more to fix, state education officials told lawmakers Tuesday. more
New England business owners conveyed strong optimism about prospects in 2014, with sales or revenue increases reported throughout the retail, manufacturing and consulting sectors, according to the Federal Reserve Board’s Beige Book released Wednesday. more
Gov. Lincoln D. Chafee proposed an $8.5 billion fiscal 2015 budget on Wednesday that freezes tuition at public colleges and extends the state historic-tax-credit program. Chafee delivered the budget proposal along with his final State-of-the-State address that focused on education and infrastructure. more
About 800,000 people have signed up for private health plans through Obamacare in January, pushing total enrollment to 3 million as negative perceptions about the program give way to more practical needs. more
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