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Federal Reserve releases preliminary list of Main Street lenders

PROVIDENCE – Five banks in Rhode Island are accepting applications from new business customers for the Main Street Lending Program, according to a list...
RHODE ISLAND's second quarter tax revenue was projected to decline between $287 million and $482.4 million year over year, depending on the rate of unemployment in the state. / AP FILE PHOTO/ANDREW HARNIK

Boston Fed sees R.I. Q2 tax revenue drop of at least...

PROVIDENCE – The Federal Reserve Bank of Boston on Thursday projected Rhode Island’s state tax revenue will decline between $287 million and $482.4 million...

At least 5 R.I. banks to offer low-interest loans via Main...

PROVIDENCE – Five banks with locations in Rhode Island have confirmed to Providence Business News that they will participate in the Main Street Lending...

Boston Fed leader predicts double-digit unemployment through 2020

PROVIDENCE – At first glance, the latest unemployment numbers indicate the economy might be starting to bounce back. But that data fails to capture the...

Fed measures COVID-19 impact on housing payments in region, R.I.

PROVIDENCE – A new report from the Federal Reserve Bank of Boston found that without the intervention of the Coronavirus Aid, Relief, and Economic...

Citizens provides $321M in PPP loans to 3,100 R.I. small businesses

PROVIDENCE – Citizens Bank has helped roughly 3,100 Rhode Island small businesses secure a total of $321 million in funding through the U.S. Small...

Fed, Moody’s predict $400M-$592M state revenue shortfall for R.I. in FY20

PROVIDENCE – As state spending soars amid unprecedented unemployment claims and new health care needs, the money coming in from taxes has fallen off...
MASSBENCHMARKS estimated that the Massachusetts GDP expanded at a 1.3% annualized rate in the fourth quarter. / COURTESY MASSBENCHMARKS

Mass. economy expands at 1.3% annualized rate in Q4

BOSTON – Massachusetts' real gross domestic product expanded at a 1.3% annualized rate in the fourth quarter of 2019, according to a MassBenchmarks report...
IN ITS MOST RECENT VOLUME, MassBenchmarks identified national and international economic warning signs that have the potential to bring about an economic slowdown in Massachusetts.

MassBenchmarks: Mass. economy still expands despite growing concerns

PROVIDENCE – In the most recent volume of the MassBenchmarks economic journal, Mark Melnik and Robert Nakosteen identified growing challenges and warning signs for the...

Dion named to advisory board for New England Public Policy...

PROVIDENCE – The Federal Reserve Bank of Boston has named Paul L. Dion, chief of the R.I. Office of Revenue Analysis, to serve on...

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