Government
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Rhode Island’s average unemployment rate for 2013 was 9.5 percent, according to revised data released by the R.I. Department of Labor and Training on Thursday. The yearly average came in eight-tenths of a percentage point lower than 2012’s average of 10.3 percent. more
The Massachusetts Gaming Commission Thursday awarded the state’s sole license to operate a slot machine parlor to a group looking to redevelop Plainridge Racecourse in Plainville. more
Speaking at Providence Business News’ Summit on Health Care Reform and the Insurance Exchange on Thursday, Coastal Medical Inc. President and CEO Dr. Alan Kurose shared the news that Coastal reduced its costs by 5.5 percent compared with Centers for Medicare and Medicaid projections during Coastal’s first year as a shared savings accountable care organization. more
Voters in Revere, Mass., have approved Mohegan Sun’s proposal to build a $1.3 billion casino at the Suffolk Downs racecourse, the Hartford Courant reported Tuesday. more
Bank of America Corp. may have a new mortgage problem on its plate, saying on Tuesday that federal investigators are looking into whether the bank violated requirements of a U.S. government housing program. more
The Rhode Island Center for Freedom & Prosperity on Tuesday published a report outlining specific ways the state can trim $200 million in non-essential spending to fund tax cuts in the fiscal year 2015 state budget. more
HealthSource RI and the Cranston Chamber of Commerce on Monday announced the creation of a small business hotline to be co-administered by the two organizations. more
Colorado Democrat John Hickenlooper has a firm answer to other U.S. governors asking him about marijuana as source of revenue: Just say no. more
Attorney General Peter F. Kilmartin announced Monday that Rhode Island will receive $213,126 as its share of a multistate and federal settlement with Endo Pharmaceuticals, a wholly owned subsidiary of pharmaceutical manufacturer Endo Health Solutions. more
Gov. Lincoln D. Chafee on Friday signed an executive order creating the R.I. Executive Climate Change Council, an agency formed to advise the governor, the General Assembly and the public on environmental best practices and strategies to address the challenge of global climate change. more
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