Updated September 27 at 12:28am
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Fitch Ratings has affirmed the BBB+ rating on approximately $192.7 million in outstanding airport system revenue bonds for the R.I. Airport Corporation that were previously issued by the R.I. Economic Development Corp., now R.I. Commerce Corporation. more
Rhode Island has one of the lowest rates of uninsured residents in the country, according to the latest study by WalletHub. more
Johnson & Wales University has purchased the former Club Karma at 101 Richmond St. for $1.6 million. more
Rhode Island’s foreclosure inventory rate was 1.9 percent in September, unchanged from a year ago, but slightly above the national rate of 1.2 percent, CoreLogic said Tuesday. more
Millennials are increasingly shunning big banks and going local with their money. more
Wage growth is poised to accelerate at small U.S. companies this month after a slowdown in October. more
The wealth management company SK Wealth Management LLC last month launched a new service for clients with a minimum investments of $100,000 or more. more
Citizens Bank last week launched a new business checking account service, claiming a quarter of all small business owners comingle company and personal finances. more
Bank Rhode Island recently provided a $5.6 million construction loan to assist with the acquisition and development of nearly four acres of land in Westerly, which is slated to become a medical office building. more
Kevin Tracy is senior vice president and market executive at Bank of America Merrill Lynch. He recently hosted a breakfast presentation at Quonset Development Corp. to talk with business owners about how they can grow through the import and export business, touching on subjects including tax implications, financing trade and how to leverage the supply chain in Rhode Island. more
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