Economic Activity
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Housing crash fades as defaults decline to 2007 level
Six years after the start of the foreclosure crisis, American homeowners are paying their mortgages like the housing crash never happened. more
Dow reaches 15,000 as jobs growth exceeds economist forecasts
U.S. stocks rose, sending the Dow Jones Industrial Average above 15,000 for the first time, as employment picked up more than forecast in April and the jobless rate unexpectedly declined to a four-year low. more
R.I. leading indicators stagnant in March
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com held steady from February to March with a reading of 122.2. more
| 5/3/13
Hope Valley Industries lands commendation from GM
Hope Valley Industries, a North Kingstown supplier of automotive floor mats, has been recognized as a 2012 Supplier of the Year by General Motors. more
Chafee names final EDC nominee
Gov. Lincoln D. Chafee has nominated Nami Studios President Maeve Donahue for the R.I. Economic Development Corporation board of directors, the governor announced Thursday. more
| 5/2/13
USDA accepts preproposals for $70K in grants
The U.S. Department of Agriculture National Resources Conservation Service of Rhode Island is currently accepting preproposals for applications for conservation-innovation grants, which are designed to stimulate the development and adoption of innovative conservation approaches and technologies, the USDA announced Thursday. more
| 5/2/13
SBA announces R.I. small business award winners
The U.S. Small Business Administration announced the 2013 Rhode Island small business award winners on Thursday, with Farmaesthetics Founder and CEO Brenda Brock earning the title of “Small Business Person of the Year.” more
| 5/2/13
Hasbro’s Hub Network posts 16th consecutive month of gains
Hub Network, a multi-platform joint venture between Hasbro Inc. and Discovery Communications, has posted its 16th consecutive month of gains, Hasbro announced Wednesday. more
| 5/1/13
Jobless rate in Prov. metro continues to fall in March
Unemployment rates fell year over year in March in 306 of the United States’ 372 metropolitan areas, including the Providence-Fall River-Warwick metro, according to the latest non-seasonally adjusted data from the U.S. Bureau of Labor Statistics. more
| 5/1/13
CVS bottom line rises 23% in 1Q
CVS Caremark Corp., the largest provider of prescription drugs in the United States, saw its bottom line rise 23.3 percent to $956 million during the three months ended March 31, 2013, CVS announced Wednesday. more
| 5/1/13
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