Report: R.I. leaders should tailor Investment Tax Credit to manufacturing
PROVIDENCE – A new state report on Rhode Island’s Investment Tax Credit shows that between 2019 and 2021 the program did not break even...
Report: R.I. economy shows mixed results in Q3 despite historically low...
PROVIDENCE – Rhode Island’s economy experienced mixed results across key economic indicators in the third quarter despite the state’s unemployment rate reaching its lowest...
Citizens: R.I.’s Business Conditions Index up 6.8% in Q3
PROVIDENCE – Rhode Island’s business environment is on the rebound, according to new analysis by Citizens Financial Group Inc. released on Monday.
A strong labor...
Meet the Makers: A manufacturer with a super absorbing history
(Editor’s note: This is the 14th installment in a monthly series highlighting some of the region’s unsung manufacturers that make products essential to the...
Textron posts $269M profit in Q3
PROVIDENCE – Textron Inc. earned a $269 million profit in the third quarter of 2023, an increase from $225 million one year prior, the company said...
Hasbro reports $171M loss in Q3, cuts full-year revenue outlook
PAWTUCKET – Hasbro Inc. on Thursday reported a loss of $171 million in the third quarter of 2023, following a year-ago profit of $129.2...
General Dynamics Corp. reports $836M profit in Q3
PROVIDENCE – General Dynamics Corp. logged an $836 million profit in the third quarter of 2023, a 7.3% decrease year over year, the aerospace...
RTX Corp. posts $984M loss in Q3
WALTHAM, Mass. – RTX Corp. on Tuesday reported a third-quarter loss of $984 million, a 171% decrease year over year.
On a per-share basis the...
Proposed S.K. food packaging facility approved for tax credits
PROVIDENCE – The R.I. Commerce Corp. board of directors on Monday unanimously approved an application from Norpak LLC for the R.I. Qualified Jobs Incentive...
R.I.’s Sept. unemployment rate third highest in New England
PROVIDENCE – Rhode Island tied Massachusetts for the third-highest unemployment rate in New England in September at 2.6% and remained below the national rate of...
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