Business

Business news

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 Giovanni Feroce formerly of Alex + Ani and now starting a new lifestyle product line by reviving the BENRUS brand. They discuss the new product line: how it was started, its immediate future and the potential for manufacturing products in Rhode Island.

When to Listen

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

File / RIPR

A new report finds defense workers are being paid the highest wages in Rhode Island. The state’s Defense Economy Planning Commission released the report, which focused on the industry’s economic impact last year.

It finds there are 16,000 defense workers in the state. Commission co-chair Senator Louis DiPalma said those jobs support other jobs.  “The 1.5 multiplier. So for every one job, there’s 1.5 additional jobs that can be multiplied by that. That’s a big deal,” said DiPalma.

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 Grow Smart Rhode Island Executive Director Scott Wolf. They discuss the future of the historic tax credit and how projects waiting in the wings may never come to fruition.

When to Listen

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

It's nearly summer, and that means changes are coming to RIPTA schedules - including a new "super route" and summer beach routes.

On this week's Bottom Line, Rhode Island Public Transit Authority's Amy Pettine joins host Dave Fallon to sort out what's new, what's changed, and what's gone from the summer schedules.

When to Listen

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

Rhode Island retailer Alex and Ani has announced a new management team and a major expansion.

The jewelry maker says it expects to add 250 jobs over the next six months. Those jobs would be spread across the corporate and retail levels.

Alex and Ani also announced the addition of several new executives to its management team. Jayne Fitzpatrick-Conway has been named Chief Financial Officer. And the company added several new leadership positions, including heads of ecommerce, information technology, and marketing.

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