Saturday, April 20, 2024

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Economic Activity

PAUL CHOQUETTE JR., chairman of Gilbane Inc., says R.I. can’t compete with Massachusetts on the job-creation front without tax reform. /

High-wage, high-skill jobs the future of R.I. economy

(The second in a series of Newsmaker interviews with business-community leaders focusing on the R.I. budget deficit and the state’s economy.) Paul Choquette Jr., chairman...

Developer-influenced bill would modify tax credit

Two bills introduced this month in the General Assembly would modify the state’s Historical Preservation & Heritage Tax Credit program without imposing an annual...

March Madness: Office distraction or morale builder?

For accounting firm Tofias, college basketball’s March Madness offers a relief of sorts from a March madness of a different kind – tax season. There’s...

CVS will pay $38M to settle drug-switching claims

CVS Caremark Corp. last week agreed to pay $37.8 million to the U.S. government and states including Rhode Island, Massachusetts and Connecticut, to settle...

$23M in financing keeps apartments affordable

NORTH KINGSTOWN – A $23 million financing package announced last week will keep 204 apartments in the town affordable for at least 40 years. U.S....
Erik Ingraham, owner of Ingraham’s Oriental Rug and Carpet Restoration, works on a carpet in his studio overlooking Main Street in Pawtucket. “It’s kind of an art,” he says of his work. /

Repairing rugs became his calling

When it comes to rugs, Erik Ingraham doesn’t discriminate. Bring an expensive handmade Oriental rug to his repair shop, and he will treat it...
BRADFORD SOAP executive Bill Schmiedeknecht, left, is working on a plan to prepare the company for a possible recession. At right is Jimmy Curran, executive vice president. /

Execs need to prepare for fallout from recession

William F. Schmiedeknecht, Jr., senior vice president of human resources for Bradford Soap Works Inc., is currently leading a team of executives from throughout...
MILL RIVER MANOR, which was slated to have up to 42 age-restricted units, is being sold by developer Patrick Conley so he can focus on his Providence project. /

Conley selling Smithfield condo project for seniors

Developer Patrick Conley has lined up the architect, builder and needed permits for a planned 90,000-square-foot Smithfield project that he is heavily invested in....

Taxes are income redistribution, it’s plain and simple

For the last four or five years, conservatives in Rhode Island have commanded the most economic attention – putting forward the myth that the...
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Tax hike would be punitive, alarming, shortsighted

This Wednesday afternoon, March 26, the House Finance Committee will hold hearings on the $300 million mega-tax hike proposal being advanced by Sen. Paul...
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