Economic Activity
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EDC leadership role in doubt after damning report
The driving force behind the privatization of the R.I. Economic Development Corporation in 1995 was a desire to separate the Ocean State’s volatile and corruption-prone politics from efforts to grow its economy. more

By Patrick Anderson
PBN Staff Writer | 10/1/12

Manufacturing in New York region shrinks more than forecast
Manufacturing in the New York region contracted more than forecast in September as orders shrank, a sign the world’s largest economy will get less support from the industry. more
Construction employment drops in Providence metro in Nov.
Construction employment declined in 151 out of 337 U.S. metro areas – including the Providence-Fall River-Warwick and New Bedford areas – rose in 126 metro areas and stayed stagnant in 60 from November 2011 to November 2012, according to the Associated General Contractors of America. more
| 1/8/13
New England jobless rate drops to 7% in September
New England’s unemployment rate dropped 0.2 percentage points from August to September to 7 percent, the U.S. Bureau of Labor Statistics announced Friday. more
| 10/19/12
PBN recognizes R.I.’s Best Places To Work in 2013 awards program
Providence Business News has announced the awardees of the Best Places To Work competition, which recognizes companies – large and small – based on surveys of employees and management reports. more
| 5/10/13
Grossman proposes online sales tax in Mass.
Massachusetts State Treasurer Steve Grossman said the Bay State could generate as much as $339 million in new revenue by collecting state sales taxes on online transactions, reported the Statehouse News Service. more
| 9/28/12 | 1 comment
R.I. jobless rate unchanged in Nov.
Rhode Island’s unemployment rate remained at 10.4 percent for November, unchanged from the October 2012 rate and down seventh-tenths of a percentage point from November 2011, according to a report released Thursday by the R.I. Department of Labor and Training. more
| 12/20/12
Quonset sets records in December
In the past two weeks, the Quonset Business Park set two records, one on land and the other at sea, according to a release from the Quonset Development Corporation. more
| 12/19/12
Foundation announces strategy department
The Rhode Island Foundation, the state’s largest funder of nonprofit organizations, announced Tuesday that it has created a new department of strategy and public affairs. more
Corporate giving still strong in Ocean State
When Ocean State Job Lot co-owner Alan Perlman recently found himself with a pricing deal on Kellogg’s cereal too good to pass up that involved more stock than he could sell, he found an easy solution. more

By Rebecca Keister
PBN Staff Writer | 11/26/12

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