Economic Activity
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RIF offers $1M to spur economy
Things have been happening in Rhode Island since The Rhode Island Foundation’s two-day private-sector intervention in the Ocean State economy brought together stakeholders in early September. more

By Patrick Anderson
PBN Staff Writer | 10/22/12

Current-account deficit in the U.S. narrowed in 2Q
The current-account deficit in the U.S. narrowed more than forecast in the second quarter, helped by a pickup in exports and a bigger income surplus. more
R.I. home, condo sales and prices continue climb in November
Rhode Island single-family home sales rose 43 percent in November compared with the same period last year, the Rhode Island Association of Realtors said Thursday. more
Women lose more ground in U.S. small business contracts race
U.S. government contracts to women- owned small businesses dropped for the second consecutive year, declining at a faster rate than awards to their male counterparts. more
UNFI profits surge 42% in 1Q
United Natural Foods Inc.’ profit surged 42 percent to $21.6 million, or 43 cents per diluted share, during the quarter ended Oct. 27, from $15.2 million, or 31 cents per diluted share, during the first quarter of 2011. more
| 11/30/12
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
Providence area employment still below pre-recession numbers
Four-fifths of the 102 major metropolitan areas in the United States, including the Providence metro area, still have fewer private-sector jobs than they did in 2007 before the recession hit. more
| 11/13/12
Planners eye where R.I. lags
In a year of double-digit unemployment and 38 Studios LLC’s bankruptcy, economic-development concerns inevitably move to the front of the line. more

By Patrick Anderson
PBN Staff Writer | 11/26/12

Taveras taps Flores-Marzán as urban development director
Rubén Flores-Marzán, the former president of the planning board of the Commonwealth of Puerto Rico, has been named Providence’s planning and urban development director by Mayor Angel Taveras. more
U.S. stocks fall most since June after presidential elections
(Updated, 2 p.m.) U.S. stocks fell, driving the Standard & Poor’s 500 Index toward the biggest decline since June, as investor focus turned to the budget debate and Europe’s debt crisis following President Barack Obama’s re-election. more
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