Manufacturing
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The R.I. Commerce Corporation released an action report earlier this week outlining specific economic development initiatives designed to improve Rhode Island’s business climate, create jobs and lower unemployment. The report, “Actions for Economic Development in Rhode Island,” advocated building on Rhode Island’s native economic advantages. more
An index of Rhode Island’s leading economic indicators increased 0.6 percent in August over July to 128.3. more
Jewelry maker Alex and Ani LLC is replacing its chief financial officer and adding six new senior executives as part of a 250-employee national expansion, the company announced Monday. more
Alex and Ani LLC will cut nine jobs from its Seven Swords Media unit as it prepares to turn over much of its marketing work to an external advertising agency. The jewelry manufacturer said earlier this week it had selected MODCo Group of New York as its advertising agency of record following a search that was completed in April. more
Unemployment in Rhode Island slid one-tenth of a percentage point in May to a seasonally adjusted 8.2 percent, down from 8.3 percent in April, the R.I. Department of Labor and Training reported Thursday. Last month also represented the first time since April 2013 that the state’s civilian labor force improved on both a month-over-month and year-over-year basis. more
(Updated, 12:06 p.m.) Gov. Lincoln D. Chafee formally approved a new apprenticeship program for computer numerical control operators at the annual meeting of the Governor's Workforce Board at the Crowne Plaza Providence-Warwick hotel Thursday morning. more
WalletHub, the personal finance social network, released a study looking at the rates at which S&P 100 companies are taxed at the state, federal and international levels. more
The unemployment rate for Rhode Island for September remained unchanged at 7.6 percent compared with August, according to data released Thursday by the R.I. Department of Labor and Training. more
Aspen Aerogels Inc., a nanotechnology firm that designs and manufactures energy-efficient insulation products, has reported a second-quarter net loss of $42.2 million, more than doubling the net loss of $19 million posted for the same period last year. more
Kevin Duggan has advised businesses on several management philosophies, including lean enterprise and his own leadership method, operational excellence. He’s president of Duggan Associates and the Institute for Operational Excellence, both located in North Kingstown. more
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