Updated May 26 at 1:26pm
Economic Activity
1506 results total, viewing 251 - 260
The state’s seasonally adjusted unemployment rate fell 1 percentage point year over year in April to 5.3 percent, a level not seen since August 2007, the R.I. Department of Labor and Training announced in its monthly report Thursday afternoon. more
(Updated 1:26 p.m.) The Small Business Administration’s 7(a) loans hit their annual lending cap of $18.75 billion this week, and the agency has instituted a waiting list for new loans as a result, The Business Journals reported. more
Mayor Jorge O. Elorza unveiled a $716.8 million operating budget for the upcoming fiscal year Wednesday, a spending package that includes reductions in the commercial and residential tax rates, and an increased exemption for auto excise taxes, but which will most likely result in increased taxes for many property owners due to rising assessments. more
KVH Industries Inc. reported a nearly 1 percent increase in revenue in the third quarter, but in a reversal from a year ago, a $151,000 net loss for the period. more
“Minority and small businesses in the urban core have generally found it difficult to access commercial loans,” said Lisa Ranglin, Rhode Island Black Business Association president. more
Federal Reserve Bank of Boston President Eric Rosengren said encouraging U.S. economic data coupled with emerging signs of risk taking by some investors make it appropriate for the central bank to consider raising interest rates as soon as next month, while moving gradually thereafter. 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
(Updated, 5:55 p.m.) In an inaugural study of Rhode Island’s clean-energy industry, the state is recommending a number of steps be taken to help further expand the sector. more
Three projects will be recognized with Doris Duke Historic Preservation Awards this year, including the restoration of the Audrain Building on Bellevue Avenue, now home to the Audrain Auto Museum. more
Johnson & Wales University has purchased the former Club Karma at 101 Richmond St. for $1.6 million. more
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