Economic Activity
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Kids Count: R.I. youth employment rate at 50%
Rhode Island’s youth employment rate, at around 50 percent for those aged 16 to 24, is following in what is being called a dangerous trend of declining against a still struggling economy, according to a new Kids Count report from the Annie B. Casey Foundation. more
Carnegie Abbey gets luxury neighbor
At a time when small and simple are fashionable, the owner of the Carnegie Abbey Club in Portsmouth has doubled down on large and opulent. more

By Patrick Anderson
PBN Staff Writer | 12/3/12

Buy local push makes an impact
Small businesses across Rhode Island are getting a boost from the push to shop local this holiday season. Owners of small shops can’t predict whether unique products and personal attention will peel a substantial number of shoppers away from big-box discounts. But looking at the first leap into holiday shopping, many small-business owners and chamber of commerce executives point to early enthusiasm as a promising sign. more

By Rhonda Miller
PBN Staff Writer | 12/3/12

JWU completes purchase of I-195 land
Johnson & Wales University has completed the purchase of two parcels of land from the state Rhode Island to expand its downtown campus, the school announced Friday. more
| 11/30/12
DEM, Nature Conservancy preserve Richmond land
The R.I. Department of Environmental Management and The Nature Conservancy have announced the permanent protection of 245 acres of forestland in Richmond. more
| 11/30/12
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
U.S. retailers’ sales miss estimates as Sandy cuts holiday
U.S. retailers posted November same- store sales that trailed analysts’ estimates as superstorm Sandy depressed traffic early in the month, overwhelming gains from the start of holiday shopping. more
EDC is ‘not broken,’ says Chafee
Gov. Lincoln D. Chafee will keep the state’s formerly beleaguered economic development apparatus intact for the rest of the year and in his proposed budget for the next fiscal year, he said Thursday. more
Chafee announces $3M in projected sales, new leads after trade missions
Recent trade delegations to Canada, the Dominican Republic and Panama resulted in 45 serious business leads and $3 million in projected new sales, Gov. Lincoln D. Chafee announced Thursday. more
| 11/29/12
RISD named world’s best design school
A Business Insider’s survey has ranked the Rhode Island School of Design the top design school in the world. more
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