Updated February 5 at 6:25pm
Construction
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Leaders of the General Assembly, who have embraced a less expensive version of the RhodeWorks bridge and overpass reconstruction plan, appealed to business leaders Wednesday to support it as an economic investment. more
The governor’s proposed truck toll plan, RhodeWorks, would generate substantial long-term funding for transportation projects, but may not provide enough revenue in the short term, the Rhode Island Public Expenditure Council said Wednesday. more
Construction employment rose in 190 out of 358 metropolitan areas over the year in December, including in the Providence-Warwick metro area, which saw jobs climb 2 percent, the Associated General Contractors of America reported Tuesday. more
Bowerman Associates Inc., a design-build construction company that specializes in commercial buildings, has announced a new ownership structure. more
Rhode Island ranked 47th in the nation for its lack of construction job growth over the year in December, according to the Associated General Contractors, which released data Tuesday. more
Rhode Islanders are largely divided on whether the state should assess a toll on large trucks to pay to fix the state’s roads and bridges, although the opposition is more certain than those in favor. more
Standard & Poor’s Ratings Services has assigned an A-plus, long-term rating to a series of bonds expected to be executed soon by the R.I. Turnpike and Bridge Authority. more
The unemployment rate in Rhode Island hovered at 5.1 percent, one-tenth of a percentage point higher than the national average of 5 percent in December, having fallen from November’s rate of 5.2 percent, according to figures released by the state Department of Labor and Training on Thursday. more
New-home construction in the U.S. unexpectedly fell in December, indicating the industry lost some momentum entering 2016. more
Confidence among U.S. homebuilders was unchanged at the start of year, indicating the residential real estate market was sustaining the steady progress made in 2015. more
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