Economic Activity

AIMING HIGH: Iftikhar Ahmad, CEO and president of R.I. Airport Corp., which oversees T.F. Green Airport, says the goal is to reach 6 million passengers annually to have Green be “a strong ‘medium’ hub” and to “connect Rhode Island to the rest of the world in a meaningful way.” / PBN PHOTO/MIKE SKORSKI

T.F. Green Airport’s growth plans thrown off course

In early October 2017, a crowd of state and federal officials descended on T.F. Green Airport in Warwick, celebrating the completion of a runway...

Will this tax solve R.I.’s affordable-housing problem?

Rhode Island needs more affordable apartments and houses. Most housing experts agree on this. But should state funds for home creation come from luxury...
PRECIOUS CARGO: A dealer at Cape Porpoise holds a 3½-pound lobster in Kennebunkport, Maine, on Aug. 24. Members of the U.S. lobster industry are hopeful a thaw in trade relations with China could reopen one of the biggest markets in the world. / AP FILE PHOTO/ROBERT F. BUKATY

U.S. lobster industry hopes trade deal revives exports to China

Members of the American lobster industry are hopeful the thawing of trade relations between the U.S. and China will reopen one of the biggest...

How to nudge workers to save more for retirement

For U.S. workers covered by 401(k) plans, every January offers a new opportunity to change how much they save for retirement. So this is...
THE MEDIAN PRICE of a single-family home in 2019 in Bristol County, Mass., was $324,900. / AP FILE PHOTO/ROGELIO V. SOLIS

Bristol County, Mass., single-family home price grows 6.5% Y/Y in 2019

PROVIDENCE – The median price of a single-family home in Bristol County, Mass., in 2019 was $324,900, a 6.5% increase from 2018, according to...
AMTRAK'S UPGRADE to the Northeast Corridor may miss a planned start of paid customer service in 2021. / BLOOMBERG NEW FILE PHOTO/LUKE SHARRETT

Amtrak’s $2.1B Acela upgrade may miss 2021 planned start

WASHINGTON – Amtrak’s $2.1 billion upgrade to its high-speed Acela rail service between Washington and Boston may miss a planned start of paid customer...
THE FTC returned $480,015 in 2019 to consumers in Rhode Island who reported illegal business practices.

FTC returns $480K in refunds to Rhode Islanders in 2019

PROVIDENCE – The Federal Trade Commission returned $480,015 in refund checks to Rhode Island consumers in 2019, the commission said Thursday. The FTC said that...
THE RHODE ISLAND unemployment rate in December was 3.5%. / BLOOMBERG FILE PHOTO/TIM BOYLE

R.I. unemployment rate holds at 3.5% in Dec.

PROVIDENCE – The seasonally adjusted unemployment rate in Rhode Island was 3.5% in December, a 0.5 percentage point decline year over year, the R.I....
U.S. JOBLESS CLAIMS increased 6,000 to 211,000 last week. / BLOOMBERG FILE PHOTO/JEFF KOWALSKY

U.S. applications for jobless benefits rise less than forecast

WASHINGTON – The number of Americans applying for unemployment benefits rose less than forecast, marking the first increase in six weeks and adding to...
MASS. GOV. Charlie Baker introduced a $44.6 billion state budget proposal Wednesday. / AP FILE PHOTO/STEVEN SENNE

Baker releases $44.6B state budget proposal

BOSTON (AP) – Gov. Charlie Baker released a $44.6 billion state budget proposal Wednesday that would tack on an extra fee for ride-hailing trips...
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