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DLT lands $1M federal grant
The U.S. Department of Labor announced nearly $12 million in grants to states to improve the quality of workforce data, including a $1 million award to the R.I. Department of Labor and Training. more
| 6/8/12
KVH lands $35.6M order from Saudi Arabian National Guard
KVH Industries Inc. landed a record $35.6 million contract from the Office of the Program Manager for the Saudi Arabian National Guard. more
Rainbow Cab loses license for 3 months
Rainbow Cab Co. has had its license to operate suspended for three months for doing business outside its permitted area, according to the Newport Daily News. more
| 6/8/12
Chafee replaces Vareika nomination on EDC board
Gov. Lincoln D. Chafee has nominated Peter Crowley – owner of Newport-based La Forge Casino Restaurant – for the R.I. Economic Development Corporation board of directors. more
| 6/8/12
Hannoush Jewelers launches Alex and Ani
Hannoush Jewelers will feature products from Alex and Ani Inc. in all of the company’s 57 locations across 13 states, Camile Hannoush announced Friday. more
| 6/8/12
CEOs lose their optimism as job slowdown imperils U.S. growth
CEOs from General Motors Co. to Hewlett-Packard Co. are turning more pessimistic about a second-half recovery as rising unemployment and Europe’s debt turmoil threaten domestic growth prospects. more
R.I. sees 63% growth in high-income taxpayers
The number of high-income taxpayers in Rhode Island grew 63 percent from 1999 to 2009, according to a new report from The Tax Foundation. more
| 6/7/12
38 Studios declares bankruptcy as formal investigation begins
(Updated 6:00 p.m.) Former Red Sox pitcher Curt Schilling’s beleaguered video game company 38 Studios LLC has declared bankruptcy as a formal investigation of the company begins. more
| 6/7/12 | 1 comment
RIPEC: Mass. casinos are bad news for R.I. revenue
Casino gaming in the Bay State will likely negatively affect revenue for both Rhode Island’s casino operators and the state of Rhode Island itself, according to a new report from the R.I. Public Expenditure Council. more
| 6/7/12 | 2 comments
Providence area vulnerable to $8B in storm surge damage
More than $8 billion worth of property in the Providence-Fall River-New Bedford area is vulnerable to damage from a hurricane-driven storm surge, CoreLogic said Thursday. more
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