Tuesday, June 15, 2021

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Economic Activity

Commerce approves $50K Innovation Voucher for Warren manufacturer

PROVIDENCE - R.I. Commerce Corp.'s board of directors on Monday approved $50,000 to help a Warren-based manufacturer that makes magnetic seals expand its product...

R.I. gas prices tick up 1 cent

PROVIDENCE – The average price of self-serve, regular unleaded gasoline in Rhode Island increased 1 cent week to week to $2.97 per gallon, 11...

Commerce committee recommends changes to Tidewater Landing tax credits

PAWTUCKET – Approved state tax credits for a major Pawtucket redevelopment project will be paid out sooner than expected. The R.I. Commerce Corp. Investment Committee...

R.I continuing unemployment claims dip by nearly 2K again

PROVIDENCE – The number of people collecting weekly continuing unemployment benefits in Rhode Island decreased by 1,928 to 65,387, the R.I. Department of Labor...

E-bikes to return to Providence next week

PROVIDENCE – Providence is jumping back into the saddle with rentable electric bicycles, which are slated to make their return next week, the city...
CASH FLOW: Russell Morrill of Westerly uses an ATM at The Washington Trust Co. branch in Westerly recently. Banks and credit unions are expecting to see a decline in the size of deposits as the COVID-19 crisis passes. / PBN PHOTO/ELIZABETH GRAHAM

As new deposits slow, bank strategies evolve

The billions of dollars doled out in forgivable small-business loans and personal stimulus checks made their way to recipients through their bank accounts. The result:...

Mortgaged homes in R.I. see average Y/Y equity gain of $52K...

PROVIDENCE – The average equity gain per borrower of a mortgaged home in Rhode Island was $52,107 year over year in the first quarter...

Northeast CPI rises by 3.9% in May

PROVIDENCE – The consumer price index in the Northeast increased by 3.9% in May year over year, slower than the national growth rate of...

U.S. unemployment claims fall to 376,000, sixth straight drop

WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell for the sixth straight week as the United States economy reopens rapidly...

Alex & Ani files for bankruptcy

PROVIDENCE – Alex & Ani filed for Chapter 11 bankruptcy Thursday morning, according to documents from the U.S. Bankruptcy Court for the District of...

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