Economic Activity
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Business leaders optimistic for state’s economic future
Business, government and education leaders leaned toward optimism for the future of Providence and the state of Rhode Island at the annual Economic Outlook Breakfast hosted by Sovereign Bank and the Greater Providence Chamber of Commerce at the Omni Providence Tuesday morning. more
Pulitzer-winning journalist to receive Pell Center’s inaugural award
Dana L. Priest, two-time Pulitzer Prize winning journalist for The Washington Post, will receive the Pell Center prize for “Story in the Public Square” in recognition of her investigative reporting career, the center announced Tuesday. more
R.I. leading economic indicators edge upward in January
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose to 122.2 in January. more
| 3/12/13
Small-business optimism in U.S. climbs for third month in a row
Confidence among U.S. small businesses rose in February for a third month as more company leaders said they will invest in equipment and stockpiles. more
Report: R.I. housing costs outpace incomes
The standard cost of a two-bedroom apartment in Rhode Island is out-of-reach for many of the state’s low income families, according to a new report from the National Low Income Housing Coalition. more
| 3/11/13
Ribbon cutting debuts 83 new homes in Providence’s West End
Gov. Lincoln D. Chafee and U.S. Sens. Jack Reed and Sheldon Whitehouse joined Omni Development Corp., WinnDevelopment and Rhode Island Housing on Monday to celebrate the opening of 83 new or completely rebuilt rental homes in Providence’s West End. more
| 3/11/13
U.S. takes payroll-tax increase in stride to keep spending
Consumers and businesses are treating higher payroll taxes and federal spending cuts as just a speed bump for a U.S. economy poised to accelerate later this year. more
Lardaro: 2013 starts with ‘very strong, favorable trends’
The pace of Rhode Island’s economic recovery accelerated during the third and fourth quarters of 2012, according to University of Rhode Island economist Leonard Lardaro’s analysis of recently released revised labor market data. Even better news, he said, is that the trend continued into the New Year. more
Shooters proposal likely to be decided next month
The future of the former Shooters nightclub property on the Providence waterfront sits delicately poised between the destination performing-arts venue a community group envisions and the sad, vacant lot it is today. more

By Patrick Anderson
PBN Staff Writer | 3/11/13

Business spending outlook improves as profits grow
The outlook for U.S. business spending is improving as rising earnings, easier credit and pent-up demand prompt companies from Warren Buffett’s Berkshire Hathaway Inc. to Chrysler Group LLC and Lowe’s Cos. to expand. more
Bloomberg News | 3/11/13
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