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The U.S. Transportation Department is notifying states that federal reimbursements for highway and transit construction projects will slow down as soon as August. more
The state of Rhode Island collected $830,464 in April under its 5 percent hotel tax, a decline of $114,299 or 12.1 percent from the $944,763 collected a year earlier in April 2013, according to the R.I. Department of Revenue. more
Ten arts organizations in Rhode Island could receive as much as $30 million in grant funding if voters approve the state’s $35 million Creative and Cultural Economy bond this November. more
The Massachusetts Bay Transportation Authority instituted higher fares on Tuesday, raising daily and monthly costs for commuter rail passengers from Rhode Island and southern Massachusetts. more
The Standard & Poor’s 500 Index rose to a record, after posting the longest streak of quarterly gains since 1998, as technology and consumer shares rallied while data showed China’s manufacturing expanded in June. more
Former Alex and Ani CEO Giovanni Feroce has formed an investment firm in Providence focused on backing retail and media ventures, he said in an interview with Providence Business News. The new firm, called GF Asset Management LLC, has about a dozen employees based in offices at 39 Pike St. in the Fox Point section of the city. more
After three consecutive months of declines, the unemployment rate for the Providence-Fall River-Warwick metro area climbed slightly in May to 8 percent nonseasonally adjusted, compared with 7.8 percent a month earlier, the U.S. Bureau of Labor Statistics reported Tuesday. more
Polypropylene films manufacturer Toray Plastics (America) Inc. announced Tuesday that Michael Brandmeier has succeeded Richard Schloesser as president and CEO of the company following Schloesser’s retirement. more
Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels. more
Single-family home prices in the Providence-Warwick metro area increased 3.2 percent year over year in May, according to the CoreLogic Home Price Index report released Tuesday. more
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