Economic Development
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DLT awarded $1.7 from Labor Department
The U.S. Labor Department awarded the R.I. Department of Labor and Training a $1.7 million grant from the Workforce Innovation Fund, Secretary of Labor Hilda L. Solis announced Thursday. more
| 6/15/12
U.S. stocks retreat as optimism over spain’s aid request fades
U.S. stock futures advanced, following the biggest weekly rally for the Standard & Poor’s 500 Index this year, as investors speculated that the bailout of Spain’s banks will help ease the euro area’s debt crisis. more
Lardaro: R.I. enters 2Q on a ‘positive note’
Economic conditions in Rhode Island entered the second quarter on a “positive note,” according to Leonard Lardaro’s Current Conditions Index, adding that the state is not close to a double-dip recession. more
Schilling’s 38 Studios declares bankruptcy; investigation begins
PROVIDENCE – Beleaguered video game company 38 Studios LLC last week declared Chapter 7 bankruptcy, as a formal investigation of the company began. more
6/11/12
Lohrenz elected to ocean-advocacy group’s board
Steven Lohrenz was recently elected to the Consortium for Ocean Leadership’s board of trustees. Lohrenz is the dean of the School for Marine Science and Technology at the University of Massachusetts Dartmouth. He has held the position since January 2011, and previously served as chair of the University of Southern Mississippi’s Department of Marine Science. Lohrenz earned his Ph.D. in biological oceanography from the Massachusetts Institute of Technology-Woods Hole Oceanographic Institution Joint Program. more
6/11/12
Falling back from promise of knowledge
If you are a believer in the power of the Knowledge Economy to transform Rhode Island, the past few weeks have been unsettling. more
6/11/12
Moral hazard, 38 Studios and wasteful public spending
A “moral hazard” is defined as a lack of incentive to guard against risk where one is protected from its consequences. more
Guest Column: Ken Block | 6/11/12
Chafee: State eager to aid small-business growth
At a business-community outreach forum on June 5, Gov. Lincoln D. Chafee made it clear that despite the dark cloud of 38 Studios LLC’s implosion hanging over Rhode Island, the state remains ever-ready to help small-business development. more
Fort Adams gets its chance to shine
On June 26, Newport will become the final stop in the 2012 America’s Cup World Series events, marking the culmination of nearly a year of such events all over the world and Rhode Island’s quest to bring world-class racing back to the Ocean State. more
State budget sticks to status quo, takes few risks
For many Rhode Island business groups, the $8 billion state budget lawmakers have begun debating and are expected to pass this week was notable for what it did not include: more
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