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THE PROPOSED ALOFT HOTEL, at right, is expected to begin construction this year. / COURTESY I-195 REDEVELOPMENT DISTRICT COMMISSION

Aloft Hotel to get reduced land price, I-195 district incentives

PROVIDENCE – Citing increased construction costs, the I-195 Redevelopment District Commission has agreed to cut the purchase price for the site for the $55...

Carpionato Group withdraws interest in developing I-195 land

PROVIDENCE – The Carpionato Group has withdrawn its interest in developing three parcels of land in the Interstate 195 Redevelopment District, I-195 Redevelopment District...
GENERAL ELECTRIC CO. will reimburse the state of Massachusetts for funds used to develop the manufacturer’s future headquarters, a project that is now being scaled back. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

GE to repay Mass. $87M for scaled-back headquarters plan

NEW YORK - General Electric Co. will reimburse the state of Massachusetts for funds used to develop the manufacturer’s future headquarters, a project that...
THE NUMBER of tax refunds issued so far this year fell nearly 16 percent year over year to 11.4 million. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

Treasury Department says fewer refunds better for U.S. taxpayers

NEW YORK - The U.S. Treasury Department is defending the declining numbers of tax refunds being issued so far this year, saying that taxpayers already...
HUD HAS GRANTED 10 Rhode Island housing authorities a combined $920,699 to help families reach self-sufficiency.

HUD grants 10 R.I. housing authorities $920.7K

PROVIDENCE – Ten organizations in Rhode Island have received a combined $920,699 to aid residents participating in the Housing Choice Voucher Program or that...
RHODE ISLAND'S 5 PERCENT hotel tax collections totaled $2 million in October. The Omni Providence Hotel, pictured above, accounted for $94,515 of the tax collection for the month. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

DOR: R.I. Oct. 5% hotel tax totals $2M

PROVIDENCE – October collection of the 5 percent hotel tax in Rhode Island totaled $2.02 million, a $12,469 decline from one year prior at...
AMAZON IS SCRAPPING a plan to build a headquarters in New York City. / BLOOMBERG FILE PHOTO/JIM YOUNG

Amazon scraps plan to build a headquarters in New York City

NEW YORK - Amazon.com Inc. said it’s pulling out of a plan to build a headquarters in New York City, after a backlash from...
U.S. RETAIL SALES declined 1.2 percent from the prior month in December, according to Commerce Department figures released Thursday after a four-week delay due to the shutdown. / BLOOMBERG NEWS FILE PHOTO/DAVID PAUL MORRIS

U.S. retail sales fall most in 9 years amid stock plunge

NEW YORK - United States retail sales unexpectedly fell in December, posting the worst drop in nine years in a sign of slower economic...

Report: Providence apartment market has among lowest turnover in nation

PROVIDENCE – Sixty-one percent of tenants in Providence renewed their leases in 2018, a new report found, among the lowest turnover in the nation.RealPage...

Five Questions With: Kathy Forrester

Kathy Forrester recently was promoted at The Randall Family of Cos. to the position of executive vice president in charge of marketing and strategic...
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