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The average per capita debt for Rhode Island’s cities and towns is $1,673, with the highest per capita debt in Providence at $7,366 per person, according to an analysis of local debt data conducted by WPRI-TV CBS 12’s Target 12 team. more
Non-operating holding company Almon Co. recently took an equity position in Hospital Associates Inc., a medical supply business based in Anaheim, Calif. more
Construction employment in Rhode Island rose 4.8 percent in December compared with the same period last year, adding 700 jobs for a total of 15,400 jobs, the Associated General Contractors of America reported on Jan. 28. more
The homeownership rate in the U.S. declined in the fourth quarter as higher borrowing costs and tight credit blocked many first-time buyers. more
Rhode Island’s four-year high-school graduation rate improved to 80 percent for the class of 2013, the R.I. Department of Education reported Friday. more
Brookline Bancorp Inc., parent company of Bank Rhode Island, posted earnings of $35.4 million for 2013, a decline of 4.7 percent compared with $37.1 million of net income for 2012. more
Rhode Island ranked 40th among the 50 U.S. states and the District of Columbia for overall financial security of its residents in the 2014 Assets & Opportunity Scorecard released Thursday by the Corporation for Enterprise Development. (Updated, 3:10 p.m.) more
Bank of America Corp.’s Countrywide unit should pay the maximum of $2.1 billion in penalties for selling defective mortgage loans to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis, the U.S. said. more
The Massachusetts economy grew 5.5 percent in the fourth quarter, the third time in 2013 that quarterly growth in the Bay State outpaced the national GDP growth rate, local economy journal MassBenchmarks reported Thursday in its Current Economic Index. more
Rhode Island single-family home prices ended two years of annual declines in 2013, climbing 8 percent compared with 2012, the Rhode Island Association of Realtors said Thursday. more
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