Economic Activity
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EDC: America’s Cup economic impact tops $38M for R.I. businesses
(Corrected, 2:45 p.m.) The Ocean State is perfectly-positioned and well-prepared to host high-profile marine events based on the success of the America’s Cup races in Newport last summer, according to a report from the R.I. Economic Development Corporation. more
R.I. real estate sales continue to rise in December, 2012
Rhode Island single-family home sales rose 9 percent in December compared with the same period the previous year, ending 2012 sales up 20 percent from 2011, the Rhode Island Association of Realtors said Friday. more
U.S. payrolls rose in January after jumping at end of 2012
Hiring increased in January after accelerating more than previously estimated at the end of 2012, evidence the U.S. labor market was making progress even as lawmakers quarreled over the federal budget. more
‘Superman’ bldg owner ‘bullish on Providence,’ considers many uses
The owner of the Industrial Trust Tower said he believes there is demand for new apartments downtown, but is not ruling out any mix of uses for the landmark known as the “Superman building.” more
Housing Network lands $375K from AG’s office
The Housing Network of Rhode Island has received a $375,000 grant from the R.I. Attorney General Peter F. Kilmartin’s Office to bolster mortgage and home buyer education programs, the office announced Thursday. more
EDC hires firms to study, market Warwick Station District
The R.I. Economic Development Corporation has hired Beta Group Inc. of Lincoln and (add)ventures of Providence to study and market the Warwick Station District near T.F. Green Airport in Warwick. more
Jobless claims in U.S. increased 38,000 last week to 368,000
Claims for U.S. unemployment benefits increased more than forecast last week, nearly erasing a slide in the prior two weeks and reflecting the difficulty of adjusting the figures for swings at the start of a year. more
RIPEC, EDC, GA form legislation-tracking partnership
The Rhode Island Public Expenditure Council and the R.I. Economic Development Corporation have established a collaborative partnership with the state’s General Assembly to build a legislative database as a resource for Rhode Island businesses. more
| 1/30/13
Wash Trust: record profit in ’12
Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted record earnings of $35.1 million for 2012, an 18 percent increase in net income compared with $29.7 million in 2011. more
Port of Davisville sees third record year in 2012
The Port of Davisville at Quonset Business Park had its third consecutive record-breaking year, according to Gov. Lincoln D. Chafee, who joined state officials and local business leaders on Wednesday to announce the port’s success. more
| 1/30/13
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