Brookings Institution - Providence Business News

DENIED: Elyse Farnsworth, owner of Arrow Salon in Providence, tried to apply through Bank of America for a Paycheck Protection Program loan but was turned down because she did not have a line of credit with the bank. / PBN PHOTO/MICHAEL SALERNO

Certain businesses left behind in dash for stimulus loans?

Business Services 05/01/2020

Elyse Farnsworth was eagerly awaiting the rollout of the U.S. Small Business Administration’s Paycheck Protection Program. The hair stylist and owner of Arrow Salon LLC...

$AMERICANS are expected to inherit $764 billion in 2020. / BLOOMBERG NEWS FILE PHOTO/PAUL YEUNG\$

Americans to inherit $764B this year, mostly tax-free

Economic Activity 01/28/2020

NEW YORK – One way the rich get richer is through inheritance, and they’re barely paying taxes on it. Americans are projected to inherit $764...

RHODE ISLAND'S ECONOMIC VITALITY just outperformed the national average based on data collected between 2013 and 2017, according to a recent report. / COURTESY BROOKINGS INSTITUTION

R.I. beats national average in economic vitality index

Economy 03/01/2019

PROVIDENCE – Rhode Island’s economic vitality stood slightly higher than the national average in 2017, according to the Hamilton Project’s Vitality Index and the...

A NEW REPORT published by the Brookings Institution states that 46.1 percent of tasks in the Providence-Warwick-Fall River metropolitan area are susceptible to automation by 2030. / COURTESY BROOKINGS INSTITUTION

Report: 46.1% of average share of tasks in Providence metro susceptible...

Economic Activity 01/25/2019

PROVIDENCE – A new report from the Brookings Institution released Thursday states that 46.1 percent of the average share of tasks in the Providence-Warwick-Fall...

A SCREENSHOT OF THE Brookings Institution's Hamilton Project. an interactive map that provides data on wages sortable by by occupation, age, region and that provides the ability to adjust for cost of living and income taxes. / COURTESY BROOKINGS INSTITUTION

Brookings Institution: Median wage adjusted for cost of living and income...

Economic Activity 07/12/2018

PROVIDENCE – The median wage for a worker in the Providence-Warwick-Fall River metropolitan area, when adjusted for cost of living, and federal and state...

THE 2017 FEDERAL TAX OVERHAUL will give 64.2 percent of Rhode Island taxpayers a cut in their federal taxes, while 7 percent will see an increase in the 2018 tax year.

Report: 64% of R.I.ers getting tax cut, 7% tax increase in...

Economic Activity 03/29/2018

PROVIDENCE – Fewer then two-thirds of Rhode Islanders will see a tax cut on their 2018 federal tax bill, according to calculations done by...

THE PROVIDENCE METRO AREA posted slow but steady growth in all three categories of the Brooking's Institution's Inclusive Growth Index between 2015 and 2016, just one of 11 metros to do so in that time frame. / COURTESY BROOKINGS INSTITUTION

Report: Providence metro posts all-around improvement on Inclusive Growth Index

Economic Activity 03/26/2018

PROVIDENCE – The Providence-Warwick-Fall River metropolitan area ranked No. 71 among the 100 largest metros in the nation for economic growth from 2015 to...

THE TRUMP ADMINISTRATION'S proposed 25 and 10 percent tariffs on steel and aluminum, respectively, will increase prices on those imports and has inspired European Union retaliatory tariffs on U.S. bourbon, both of which would negatively affect the state’s brewing and distillery industries, according to a recent analysis by the Brookings Institution. / PBN FILE PHOTO/ KATE WHITNEY LUCEY

Analysis: New tariffs on steel, aluminum could affect R.I. brewing, distillery...

Capital Goods 03/07/2018

PROVIDENCE – The Trump administration’s proposed 25 and 10 percent tariffs on steel and aluminum, respectively, will increase prices on those imports and has...

RHODE ISLAND ranked No. 10 among states for highest percentage of millennials as a share of its total populous. / COURTESY BROOKINGS INSTITUTION

Report: R.I. ranks No. 10 for highest share of millennial population...

Economic Activity 02/23/2018

PROVIDENCE - Rhode Island was found to have the 10th-highest percentage of millennials in the nation at 24.3 percent of its total population, for...

THE PROVIDENCE-WARWICK-FALL RIVER metropolitan area ranked No. 49 in among the largest 100 metro areas in the nation for the percentage of older millennials, ages 25 to 34, who are college graduates. / BLOOMBERG FILE PHOTO/MICHAEL OKONIEWSKI

Report: Providence metro ranks No. 49 for older millennial college graduates

Education 02/12/2018

PROVIDENCE – The Providence-Warwick-Fall River metropolitan area ranked No. 49 among the largest metropolitan areas in the nation for percentage of millennials age 25-34,...

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