(Updated 11:43 a.m. to reflect corrected information)
The state pension investment fund lost approximately $471 million in fiscal 2016, marking a 5.9 percent reduction to $7.5 billion compared with fiscal 2015.
(Updated, 4:48 p.m.)
Pointing to the currency crisis in Europe and China’s economic slowdown, Rhode Island’s general treasurer says volatility in the financial markets contributed to the 0.28 percent loss on the state’s pension investments last year.
I spent the first 17 years of my career working in the New York area. In 2003 my wife and I quit our jobs and moved to Rhode Island for the quality of life. My career evolved into working with startups in the data and SaaS space. This led to nearly …
The past two state budget cycles focused on making Rhode Island more economically competitive among New England states, according to House Speaker Nicholas A. Mattiello. The 52-year-old Cranston Democrat wants to see Rhode Island get "in the game" …
This year's legislative session once again denied any operating funds for the Slater Technology Fund.
Just to review, Slater is a nonprofit that makes seed and early-stage investments in local companies. Since its creation 20 years ago, …
(Updated, July 1, 5:05 p.m.)
Editor's note: This is the second of a four-part series exploring how well Rhode Island cities and towns are funding municipal pension and benefit plans and the public-policy ramifications.
James Brady sits outside a …
TAUNTON, Mass. – The South Eastern Economic Development (SEED) Corporation recently made a micro loan to Newport Potters Guild to enable the small business to start a pottery and clay art gallery and create four new jobs.
On a fall Saturday four years ago, 330 people mingled and brainstormed at the R.I. Convention Center, floating ideas to boost a sluggish Rhode Island economy – envisioning paths to growth that would "make it happen" here.
The "Make It …
By Patricia Daddona | Contributing Writer