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CASES OF COVID-19 in the state increased by 374 day to day to total 8,621 Wednesday. / COURTESY R.I. DEPARTMENT OF HEALTH

COVID-19 cases rise by 374, state sees 15 more deaths

PROVIDENCE – Cases of COVID-19 in the state increased by 374 day to day to total 8,621 Wednesday, while the state saw 15 more...
PANELISTS participating in Providence Business News' virtual summit on business continuity answer questions from an online audience on Thursday.

PBN panelists: Businesses need to ramp up IT for crisis of...

While the COVID-19 pandemic has crushed the economy, in many cases it has brought out the best in people working from home and shown...
TEXTRON INC. has reported a $50 million profit for the first quarter of 2020. / COURTESY TEXTRON

Textron Q1 profit shrinks to $50M, pandemic cited

PROVIDENCE – Textron Inc. reported a profit of $50 million in the first quarter, a 72.1% decline year over year due to impacts from...
UNEMPLOYMENT INSURANCE filings due to COVID-19 in Rhode Island have reached 147,508. / AP FILE PHOTO/DAVID GOLDMAN

COVID-19 UI claims increase by 1.2K

PROVIDENCE – Filings for COVID-19-related unemployment insurance climbed by 1,208 on Wednesday, to 147,508, according to the R.I. Department of Labor and Training. All UI...
ECONOMIST LEONARD LARDARO said a projection that found Rhode Island will see a 16% unemployment rate due to the COVID-19 pandemic was "too optimistic." / PBN FILE PHOTO MICHAEL SKORSKI

Lardaro: R.I. could see over 20% unemployment, years of recovery due...

PROVIDENCE – University of Rhode Island economist Leonard Lardaro thinks unemployment in Rhode Island could rise to over 20% due to the COVID-19 pandemic,...

Relief planned for low-income renters

PROVIDENCE – While homeowners in Rhode Island who have experienced job losses relating to the COVID-19 pandemic are likely to have the option of...
MASSBENCHMARKS says the Massachusetts GDP contracted 6.1% in the first quarter of 2020. / COURTESY MASSBENCHMARKS

MassBenchmarks: Mass. GDP drops 6.1% in Q1 as state enters into...

BOSTON – The gross domestic product of Massachusetts declined at an estimated annualized 6.1% in the first quarter, MassBenchmarks said Wednesday. The publication said that...
THE SBA said that for eight hours Wednesday ending at midnight Eastern time it would accept PPP loans only from small lenders. It also indicated that it was moving the smallest companies applying for loans to the head of the line. / AP FILE PHOTO/ERIC GAY

SBA: Small businesses move to head of loan application line

NEW YORK (AP) – The smallest companies seeking coronavirus relief loans were moving to the head of the line Wednesday as the Small Business...
THE PROVIDENCE METRO unemployment rate rose to 4.9% in mid-March, prior to the shutdown on nonessential businesses in the area due to COVID-19. / PBN FILE PHOTO/CHRIS BERGENHEIM

Before COVID-19 shutdown, Providence metro unemployment rate rises to 4.9% in...

PROVIDENCE – The nonseasonally adjusted jobless rate in the Providence-Warwick-Fall River metropolitan area increased 0.9 percentage points year over year to 4.9% in March, ...

Economist: R.I. in recession due to COVID-19, unemployment could reach nearly...

PROVIDENCE – Rhode Island has been plunged into a deep recession by the impact of COVID-19 and won’t begin to recover until the final...
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