business

Day Donaldson / flickr

The Chair of the Federal Reserve, Janet Yellen, is in Rhode Island today.  

She’s set to speak before some 750 people at the Providence Chamber of Commerce’s annual Economic Outlook Luncheon.

Yellen is the first woman in U.S. history to hold the top position at the Fed. Yellen has spent time in Rhode Island before; she graduated from Brown University with an economics degree in 1967.

Governor Gina Raimondo, Senator Jack Reed and University of Rhode Island President David Dooley are also set to speak at the lunch.

Providence-based GTECH has officially changed its name to International Game Technology, after a merger with a British company of that name. Officials from IGT rang the bell at the New York Stock Exchange on Tuesday, where the combined companies began trading for the first time. IGT Vice President Bob Vincent said Providence will continue to house the company’s lottery headquarters and provide corporate support.

Business leaders are expressing concerns about Governor Gina Raimondo’s proposal to increase the minimum wage to $10.10 an hour, effective in 2016.

Laurie White, president of the Greater Providence Chamber of Commerce said she doesn't oppose the wage hike, but points out it could cause unintended consequences, especially for small businesses.

“Which would be potentially the shrinkage of hours for workers and also the potential that fewer jobs would be created,” said White.

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week Dave and Mark get an update on the Block Island Wind Farm project with Deepwater Wind CEO Jeff Grybowski.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. news@ripr.org  

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

  

This week, Dave and Mark talk with Anne Nolan, president of Crossroads Rhode Island.  They discuss the cost of homelessness to the state.  They also examine some of the difficulties faced by the working poor and homeless, as well as those faced by those non-profits that serve them.   

Pages