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Economy

A ROUGHLY 20 percent of the decline in homeownership among young adults can be attributed to that increase in student loan debt, according to a new report from the Federal Reserve. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE

Student debt is a driver of low millennial homeownership rates

Education
NEW YORK - American homeownership has been on the decline, and Federal Reserve researchers point to the high cost of college as one culprit.Just...
THE SOCIAL ENTERPRISE GREENHOUSE has announced the 2019 Food Accelerator cohort.

SEG announces 2019 Food Accelerator cohort

Entrepreneurship
PROVIDENCE – Social Enterprise Greenhouse announced the 2019 Food Accelerator cohort Tuesday.The program will feature 17 food businesses, which started the program last week. The...
AGODA HAS filed a WARN notice with the R.I. Department of Labor and Training, notifying the state of the closure of its Rhode Island office, affecting 62 employees.

Agoda files WARN notice, R.I. closure affects 62 employees

Economic Activity
PROVIDENCE - Agoda Company Pte. Ltd. has filed a Worker Adjustment and Retraining Notification, informing the state that it is closing its Rhode Island...
GOV. GINA M RAIMONDO will propose a $30 million increase in school funding and expanded job training in a budget she will release later this week. / PBN FILE PHOTO/MICHAEL SALERNO

Raimondo proposes funding boost for education, job training; expansion of tuition-free...

Government
PROVIDENCE – Gov. Gina M. Raimondo says she will propose a budget this week that boosts support for education and teacher training from pre-school through...
THE COMMERCIAL PROPERTY AT 670-710 Narragansett Park Drive in Pawtucket was sold for $6.7 million to Legacy Gansett LLC. / COURTESY CBRE

Building in Pawtucket’s Narragansett Business Park sells for $6.7M

Real Estate
PAWTUCKET – The property at 670-710 Narragansett Park Drive, located in the Narragansett Business Park, was sold for $6.7 million to Legacy Gansett LLC,...
OWNERS OF SO-CALLED pass-through entities such as partnerships and limited liability companies have to file their businesses’ returns by March 15 - and still don’t have the final word from the Internal Revenue Service about who, exactly, qualifies for the 20 percent deduction on business income. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Big tax break for business owners at risk as shutdown drags...

Government
NEW YORK - The longest government shutdown in United States history could cause tens of thousands of businesses to make a tough choice about whether...
REP. DAVID N. CICILLINE told Bloomberg News Friday that the antitrust laws and standards in the United States need modernization. / COURTESY DAVID N. CICILLINE

Cicilline: Antitrust standards need modernization

Government
NEW YORK - When Rep. David N. Cicilline, D-R.I., was approached at the beginning of the last Congress about becoming the ranking member of the...
A LAWSUIT in Superior Court seeks to overturn newly approved zoning that would allow the Hope Point Tower in Providence./COURTESY THE FANE ORGANIZATION.

Lawsuit filed over Hope Point Tower

Government
PROVIDENCE – A lawsuit has been filed against the City Council of Providence, the I-195 Redevelopment District Commission and developer Jason Fane that challenges...
S&P GLOBAL RATINGS has upgraded R.I. Commerce Corp.’s general airport revenue bonds issued for the R.I. Airport Corp. from BBB+ to A. / COURTESY R.I. AIRPORT CORP.

S&P upgrades bond ratings for RIAC

Government
PROVIDENCE – Standard & Poor’s Global Ratings has upgraded R.I. Commerce Corp.’s general airport revenue bonds issued for the R.I. Airport Corp. from BBB+...
THE IMPACT OF the partial government shutdown is expected to expand exponentially the longer the shutdown extends as federal agencies, without intervention, will run out of cash on hand or lose unpaid employees to staff integral positions. / BLOOMBERG NEWS FILE PHOTO/ELIJAH NOUVELAGE

The shutdown’s bad. Buckle up because it could get much worse

Government
NEW YORK - Airport security screeners could quit en masse, grounding flights. The federal courts could stop hearing civil cases. City buses could stop running.And...
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