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Providence
Saturday, September 26, 2020

Economic Activity

I-195 commission considers mixed-income, residential development for Fox Point

PROVIDENCE – Two developers with two visions for creating more mixed-income housing pitched their proposals Wednesday to the I-195 Redevelopment District Commission, competing for...
THE SOUTHEASTERN NEW ENGLAND Defense Industry Alliance has secured an $18.6 million defense contract from the U.S. Department of Defense to help develop a regional workforce development partnership to serve needs of submarine shipbuilding employers.

SENEDIA receives $18.6M defense contract to help build submarine shipbuilding pipeline

MIDDLETOWN – The Southeastern New England Defense Industry Alliance announced Wednesday that it has secured an $18.6 million defense contract from the U.S. Department...
PANDEMIC UNEMPLOYMENT ASSISTANCE filings in Rhode Island totaled 10,387 last week. / COURTESY R.I. DEPARTMENT OF LABOR AND TRAINING

PUA weekly filings in R.I. dip to 10.4K

PROVIDENCE – Pandemic unemployment assistance filings totaled 10,387 last week, a decline from 13,357 one week prior, according to the R.I. Department of Labor...

Fiscal 2020 cash collections decline 2.7% from one year prior

PROVIDENCE – Fiscal 2020 cash collections declined by 2.7% from the previous year, to $3.9 billion, the R.I. Department of Revenue said on Tuesday. The...
ONE Neighborhood Builders has proposed an apartment building and a childcare center for Parcel 9 of the Interstate 195 Redevelopment District. / COURTESY I-195 REDEVELOPMENT DISTRICT COMMISSION

I-195 commission to consider two parcel transfers, new development for Parcel...

PROVIDENCE – Closings for two parcels in the I-195 Redevelopment District are expected to be scheduled this week, as the district commission prepares to...

R.I. gas prices tick down 1 cent

PROVIDENCE  – The average price of self-serve, regular unleaded gasoline in Rhode Island declined 1 cent week to week to $2.15 per gallon, 3...

Twin River casinos to resume 24-7 weekend operation

PROVIDENCE - Rhode Island’s two casinos will be open 24 hours a day on weekends starting Sept. 25, Twin River Worldwide Holdings Inc. announced...

FDIC: R.I. bank deposits up 20% year over year

PROVIDENCE - Citizens Bank continues to dominate the Rhode Island market for bank deposits, capturing more than half of the $6.26 billion increase in...
RHODE ISLAND homeowners earned an average of $14,000 in equity year over year in the second quarter of 2020. / COURTESY CORELOGIC

R.I. negative-equity rate declines to $3.8% in Q2

PROVIDENCE  – The share of mortgaged homes in negative equity in Rhode Island declined to 3.8% in the second quarter, CoreLogic said on Monday. The...

R.I. construction employment Y/Y rate of decline ranks 11th worst in...

PROVIDENCE – Construction employment in Rhode Island declined 8% year over year to 18,300 jobs, according to the Associated General Contractors of America Friday. The...

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