Updated May 5 at 11:26pm
Local News
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Thanks largely to general revenue exceeding estimates and state agencies spending under budget in fiscal 2015, Rhode Island has a surplus for the year that is $46.4 million larger than anticipated, bringing the total for the year to $166.4 million, according to an analysis done by the Rhode Island Public Expenditure Council. more
Filings for unemployment benefits in the U.S. declined last week to the lowest level since mid-July, extending a run of applications near decade lows that shows dismissals remain in check. more
(Updated, 5:12 p.m.) The Securities and Exchange Commission on Monday filed charges against the R.I. Economic Development Corp. and its bond underwriter Wells Fargo Securities, alleging fraud that stems from a 2010 municipal bond offering to finance the now-defunct video game company 38 Studios LLC. more
Deepwater Wind LLC on Monday announced a 20-year charter services agreement with Rhode Island Fast Ferry Inc. for the building and operations of an “offshore wind service workboat.” more
Passenger traffic rose slightly in May year over year at T.F. Green Airport, the second consecutive month of increases, according to statistics released Tuesday by the R.I. Airport Corp. more
The U.S. Small Business Administration announced the 2016 Rhode Island small business award winners this week. more
Standard & Poor’s Ratings Services has assigned an A-plus, long-term rating to a series of bonds expected to be executed soon by the R.I. Turnpike and Bridge Authority. more
Cape Air will no longer offer seasonal summer service from T.F. Green to Block Island, the airline announced this week. more
Teespring has closed its Davol Square office, marking the last phase of a restructuring that began over the summer, a company spokeswoman said Monday. more
Providence Business News took home third-place honors as the best newspaper in the large tabloid category in the Alliance of Area Business Publishers annual editorial excellence awards program. more
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