Updated March 6 at 6:06pm
Economic Activity
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Rhode Island woke up on New Year’s Day 2015 with a groaning hangover from years of wallowing in bad economic news. Standing by the bedside was an energetic, dark-haired woman holding a spoon and big, old-fashioned medicine bottle. How bad would it taste? more
The city this spring will once again apply for a federal transportation grant to fund a new streetcar system between Upper South Providence and College Hill, Providence officials said Friday. more
The seasonally adjusted unemployment rate in Rhode Island dropped to 8.7 percent in March, according to statistics released Thursday by the R.I. Department of Labor and Training. Still higher than the national unemployment rate of 6.7 percent for March, the Rhode Island figure is the lowest unemployment rate since September 2008, the DLT said in a release. more
The Rhode Island Center for Freedom & Prosperity and the Taxpayers Protection Alliance released a new report Wednesday identifying nearly $225 million in non-essential government spending in Rhode Island that could be used instead to fund tax cuts and the repeal of the Sakonnet River Bridge tolls. more
(Updated, 3:44 p.m.) The state Public Utilities Commission on Tuesday unanimously approved a proposed electricity rate increase, which will be divvied up as a monthly rate hike throughout the year for residential customers, while a 10 percent deferral is slated for commercial customers. more
FM Global has pledged $1 million to support construction of the University of Rhode Island’s proposed College of Engineering facility, a plan for which funding is included on the Nov. 4 ballot. more
A miniature park near the Brown Bookstore on Thayer Street and wider sidewalks are among the improvements slated for the area over the next six months, according to the city, Brown University and two neighborhood management groups. more
It’s back to square one for Rhode Island’s redevelopment of the former Shooters nightclub property in Providence. The R.I. Department of Environmental Management officially broke off talks May 1 with Bowl Arts LLC, the community group that had been hoping to build a concert and performing arts venue on the site. more
The R.I. Commerce Corporation released an action report earlier this week outlining specific economic development initiatives designed to improve Rhode Island’s business climate, create jobs and lower unemployment. The report, “Actions for Economic Development in Rhode Island,” advocated building on Rhode Island’s native economic advantages. more
Fewer Americans than forecast filed applications for unemployment benefits last week, a sign the labor market continues to gain traction. more
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