Economic Activity
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Cornish tapped to convert Superman building to apartments
Cornish Associates has been hired to redevelop the Industrial Trust Tower at 111 Westminster St. in downtown Providence and turn the city’s tallest building into apartments. more
Carpionato plans parking lot for Fruit & Produce Warehouse land
Carpionato Group wants to turn the former Providence Fruit & Produce Warehouse property on Harris Avenue into a surface parking lot, according to an application with city officials. more
Mann resigns as Pawtucket Foundation executive director
(Updated, 5:35 p.m.) Thomas A. Mann Jr. has resigned as executive director of the Pawtucket Foundation, effective Oct. 12, the organization announced Tuesday. more
| 10/2/12 | 2 comments
R.I., Calif.: top jobless rates in January
Rhode Island and California posted preliminary, seasonally adjusted unemployment rates of 9.8 percent in January, the highest in the nation and significantly higher than the U.S. figure of 7.9 percent. more
| 3/18/13 | 2 comments
‘Superman’ owner seeks up to $75M in public financing
The owner of the Industrial Trust Tower in downtown Providence is asking for up to $75 million in public financing to transform the historic office building into apartments. more
Calls grow for national search for EDC director
The last time Rhode Island went national in its search for a chief economic-development executive, it offered an Arizona business consultant $250,000 per year, plus a car, to lead the state out of the financial crisis. more

By Patrick Anderson
PBN Staff Writer | 2/25/13 | 2 comments

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
R.I. exports rise 9.1% in November
Exports from the Ocean State rose 9.1 percent in November to $195.9 million on a month-to-month, seasonally adjusted basis after rising 1.4 percent in October, according to an international trade statistics report from e-forecasting.com. more
| 2/1/13 | 1 comment
Report: R.I. small businesses ‘crucial’ to state’s economy
Small businesses in Rhode Island represent 95.9 percent of all employers and employ 55.4 percent of the state’s private sector workforce, according to a report from the U.S. Small Business Administration. more
| 2/15/13 | 1 comment
Three more EDC board members to step down
(Updated, Feb. 28, 11:45 a.m.) Three more members of the R.I. Economic Development Corporation Board of Directors have announced their intention to step down, bringing to eight the number who have left or asked off the board since last spring. more
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