Updated July 25 at 5:25pm
Local News
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The city of Providence will seek a $40 million Neighborhood Infrastructure Bond to make investments in infrastructure and build stronger neighborhoods, Mayor Jorge O. Elorza announced Thursday. more
The Rhode Island Coalition for the Homeless and Social Finance will receive nearly $1.3 million in new federal funding through the U.S. Department of Housing and Urban Development’s Pay for Success Permanent Supportive Housing Demonstration Program. more
Economists tend to shy away from attaching too much significance to any one piece of data. But in this environment, with this jobs report, hyper-scrutiny may be warranted. more
Filings for U.S. unemployment benefits unexpectedly declined last week to the lowest level since mid-April, signaling labor market stability amid a shaky global economy. more
For the 27th consecutive month on a year-over-year basis, foreclosure petitions rose in Massachusetts in May, according to figures released by The Warren Group on Thursday. more
Dockwa Inc., a Newport-based tech startup that helps boaters research, plan and book cruising trips, has raised $2 million in private capital in its most recent seed funding round. more
The Rhode Island Black Business Association has announced the five winners in its 2016 Business Awards Program, who will be recognized in October at the organization’s fifth annual gala at the Omni Providence Hotel. more
Of all the Travel + Leisure lists to show up on, this is not the best. Providence was rated No. 13 on the travel magazine’s list of America’s Rudest Cities. But at least it wasn’t Boston, which came in at No. 7 in this most recent release based on T&L’s America’s Favorite Places reader survey. more
Brown University retained its No. 8 ranking in the latest version of Forbes’ list of “America’s Top Colleges,” released earlier this week. more
(Updated, 5:15 p.m.) Nortek Inc., maker of commercial and residential air circulation and technology products for home and office, has agreed to be acquired by Melrose Industries PLC for $86 per share, which translates into a rough enterprise value of about $2.8 billion. more
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