Economic Development
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SBANE: Only transformative change can save R.I. economy
The keys to turning around Rhode Island’s economy are new ideas and workable solutions, according to a report released by the Rhode Island chapter of the Small Business Association of New England. more
| 9/20/12
State partners with Providence on ProvPort grant
(Updated, 1:30 p.m.) In order to assist the city of Providence with improvements to its port, Gov. Lincoln D. Chafee has announced that the state has partnered with the city to take control of a $10.5 million grant to purchase two mobile, barge-based cranes. more
Housing market recovery helping bolster U.S. expansion
Sales of previously owned homes and work on single-family projects climbed in August to the highest levels in two years, signaling the residential real-estate market is contributing to U.S. economic recovery. more
SBA approves R.I. purchase of Rocky Point property
The U.S. Small Business Administration has accepted Rhode Island’s offer to purchase the remaining land at Rocky Point in Warwick for the development of a future state park, Gov. Lincoln D. Chafee announced Monday. more
| 9/17/12
Cuts in defense, Medicare could mean fewer jobs for R.I.
Rhode Island could lose up to $82 million and more than 3,000 jobs due to sequestration in defense and Medicare spending, respectively, according to reports released by the Center for Security Policy and the Hospital Association of Rhode Island. more
R.I. Port Services named terminal operator by QDC
The Quonset Development Corp. has named Rhode Island-based company R.I. Port Services as the new terminal operating agency for container handling at the Port of Davisville, the seventh largest auto importer in North America. more
| 9/13/12
R.I. Foundation calls for change at Make It Happen RI forum
“Things need to change” in the Ocean State economy, Rhode Island Foundation Executive Director Neil Steinberg told business and community leaders Friday morning in a plea for new ideas at the nonprofit's Make It Happen RI forum. more
Payrolls in U.S. increase less than forecast in August
Payrolls rose less than projected in August and the unemployment rate was unexpectedly driven down by Americans leaving the labor force, boosting the odds of additional Federal Reserve easing to spur a faltering recovery. more
Stokes joins Mayforth Group
Former R.I. Economic Development Corporation Executive Director Keith W. Stokes has joined The Mayforth Group, the Providence-based consulting firm announced Wednesday. more
| 9/5/12
U.S. stocks fall as report shows manufacturing shrank in August
U.S. stocks fell, following a two- week decline in the Standard & Poor’s 500 Index, as data showed American manufacturing contracted in August, fueling concern the economic recovery is slowing. more
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