Economic Activity
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Providence’s urban farm initiative lands $100K
Lots of Hope, an environmental initiative to transform vacant city-owned lots in Providence into urban farms, was awarded a combined $100,000 by The Rhode Island Foundation and Florida-based Local Sustainability Matching Fund. more
| 1/15/13
Home prices drop in Providence metro in November
Single-family home prices in the Providence-Fall River-New Bedford metro area dropped 0.3 percent in November 2012 compared with the same period in 2011, according to CoreLogic’s Home Price Index. more
Emphasis on flawed labor data misses R.I.’s recovery
The December 2012 labor-market data contained a number of very favorable developments. According to the data, Rhode Island’s unemployment rate fell to 10.2 percent, its lowest value in some time. more
Guest Column:
Leonard Lardaro | 1/28/13
R.I. lost highest percentage of construction jobs in U.S. in Dec.
Construction employment dropped 6.7 percent in Rhode Island from December 2011 to December 2012, the biggest loss in the United States and Washington, D.C., according to a report from the Associated General Contractors of America. more
| 1/18/13
CVS reaches agreement with union at 500 California stores
CVS Caremark Corp. and the United Food & Commercial Workers union have signed a five-year cooperation agreement giving CVS/pharmacy employees at roughly 500 stores in Los Angeles, San Francisco and San Diego the opportunity to vote on whether or not they want to be represented by the union. more
| 1/18/13
R.I. jobless rate tops in U.S. despite drop in December
New England’s unemployment rate was unchanged from November at 7.3 percent in December, the U.S. Bureau of Labor Statistics announced Friday. more
| 1/18/13
City approval of College Hill apartment plan challenged
Two College Hill neighbors are challenging city approval of Gilbane Development Co.’s proposed 102-unit apartment building at 257 Thayer St. more
Climate change curbs may cost $700B a year, report shows
About $700 billion a year of new spending on renewable power, low-carbon transport and energy efficiency is needed to meet the United Nations goal to cap temperature rises, a report for the World Economic Forum showed. more
R.I. jobless rate near 4-year low
Rhode Island’s unemployment rate fell to 10.2 percent for December, the lowest unemployment rate for the Ocean State since March 2009, the R.I. Department of Labor and Training said Thursday. more
| 1/17/13
REITs gain 26% ditching failing shopping malls: mortgages
Mall owners including Simon Property Group Inc. and General Growth Properties Inc., the biggest in the United States, are signaling they’re moving on from struggling retail centers as the economic rebound drives them to focus on the best-performing markets. more
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