Friday, May 7, 2021

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Raimondo: R.I. ‘in a good, stable place’

PROVIDENCE – Gov. Gina M. Raimondo delivered what's expected to be her final State of the State address virtually on Wednesday, focusing mostly on...
PUMPING OUT PRODUCT: The Bosworth Co.’s machine shop supervisor, who asked not to be named, uses a drill press to tap holes into the aluminum body of the Guzzler diaphragm pump. CEO and President Douglas Reilly, not pictured, said the East Providence pump manufacturer saw an increased demand for the Guzzler, a small, foot-operated pump used in portable sinks and hand-wash stations, during the coronavirus pandemic. / PBN PHOTO/ELIZABETH GRAHAM

Finding opportunity in a crisis

Coming into 2020, Rhode Island’s manufacturing industry was doing well, with many companies experiencing banner years. Hiring was active, so much so that the...

Change is coming at Metacomet

Development doesn’t always equal progress and prosperity, or the certain destruction of natural resources and residential neighborhoods. The truth is rarely so black and white....

What’s worse, the pandemic or the cure?

The coronavirus pandemic catapulted the country into one of the deepest recessions in U.S. history, leaving millions without jobs or health insurance. There is...
U.S. NONFARM PAYROLL employment increased 266,000 in November. / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON

U.S. Jobs Trounce Forecasts With 266,000 Gain; Wages Heat Up

U.S. job gains roared back in November as unemployment matched a half-century low and wages topped estimates, giving the Federal Reserve more reason to...

Uncertainty on trade stalls growth

The trade war between the United States and China has been felt by most Rhode Island manufacturers, though not all in the same way. Many...
SUPPORTING STARTUPS: Many business leaders are either looking for more support from state government or less regulatory hassles, according to the results of a PBN survey asking what would most help the state produce and keep more successful startups.
 / SOURCE: PBN RESEARCH/JAMES BESSETTE

Get more invested in growing, keeping successful startups

Rhode Island has a lot to offer startups, including great quality-of-life amenities and top-tier educational and support services. But the perception has always been that...
MAKING MOVES: Installing Marc Crisafulli, above, as president of Rhode Island ­operations for Twin River Worldwide Holdings is the latest move by the entertainment company. Twin River is now publicly traded, is moving its headquarters to downtown Providence and looking to expand outside the Ocean State. 
 / PBN PHOTO/MICHAEL SALERNO

Twin River eyes younger bettors

Marc Crisafulli, the newly named president of Rhode Island operations for Twin River Worldwide Holdings Inc., oversees activities at its two local casinos at...

Internet is everywhere, but U.S. jobs that support it aren’t

The internet was supposed to render geography irrelevant. But the corporations that dominate the internet have turned out to be remarkably concentrated, geographically speaking....
RHODE ISLAND unemployment declined 0.4 percentage points uear over year to 3.6% in May but coincided with a 0.59% decline in the labor force. / COURTESY R.I. DEPARTMENT OF LABOR AND TRAINING

R.I. unemployment declines to 3.6% in May

PROVIDENCE – Rhode Island’s seasonally adjusted unemployment rate continued to fall last month, hitting 3.6%, according to the R.I. Department of Labor Thursday. The number...

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