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Fitch Ratings affirms Mass. port authority bonds; debt ‘stable’
NEW YORK – Fitch Ratings last week affirmed its AA rating of the Massachusetts Port Authority’s $1.16 billion revenue bonds and its A+ rating of the authority’s $127.4 million passenger facility charge revenue bonds. Fitch said the rating outlook is stable for all of the authority’s debt. more
4/29/13
Advocates of paying off 38 Studios debt go silent
Nearly a year of reassurances from Rhode Island’s top political leaders that the state will pay off its 38 Studios LLC debt hasn’t quieted advocates of a tactical default. more

By Patrick Anderson
PBN Staff Writer | 4/29/13

First medical-marijuana dispensary opens in Ocean State
The first medical-marijuana dispensary has opened in Rhode Island and likely will soon be followed by another, despite uncertain business prospects due to scaled-back plans following years of legal and legislative wrangling. more

By Rebecca Keister
PBN Staff Writer | 4/29/13

Vision, not structure, lacking in EDC
More changes appear to be coming for the R.I. Economic Development Corporation, whether Gov. Lincoln D. Chafee wants them or not. Competing House and Senate proposals suggest that whatever ultimately emerges from the General Assembly, the independent governor’s reshuffling of the agency over the past year will not be the final word. more
5/6/13
Patrick seeking federal relief for bombing impact
BOSTON – Gov. Deval L. Patrick has requested federal relief for small businesses and private nonprofits impacted by the Boston Marathon bombing that occurred April 15. more
5/6/13
Are passengers returning to Green?
New R.I. Airport Corporation President and CEO Kelly Fredericks calls himself a “recovering engineer” who’s embraced the marketing, negotiating and cheerleading duties of a modern airport executive. more

By Patrick Anderson
PBN Staff Writer | 5/6/13

Dismantling EDC again on the table
In the wake of the 38 Studios bankruptcy last spring, Gov. Lincoln D. Chafee said he would study consolidating the state’s economic-development arm within the executive branch to prevent a similar debacle from happening again. more

By Patrick Anderson
PBN Staff Writer | 5/6/13

Conservation grants offered through DOA
WARWICK – The U.S. Department of Agriculture Natural Resources Conservation Service of Rhode Island is accepting applications for Conservation Innovation Grants to stimulate the development and adoption of innovative conservation approaches and technologies. Up to $70,000 will be awarded statewide. more
5/13/13
Massachusetts unveils Working Cities project
BOSTON – Representatives from 20 Massachusetts communities, as well as the Federal Reserve Bank of Boston, Living Cities and several other organizations and agencies last week launched the Working Cities Challenge: An Initiative for Massachusetts Smaller Cities. more
5/13/13
Mollis warns firms of scam attempts via mail
PROVIDENCE – Secretary of State A. Ralph Mollis last week warned Rhode Island LLCs to be wary of a direct-mail solicitation from an nonexistent entity calling itself “Rhode Island Corporate Compliance.” The latest notice comes just two months after the company mailed a similar letter to for-profit corporations. more
5/13/13
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