Business

Business
11:00 am
Fri February 1, 2013

RIEDC overestimated America's Cup haul

Credit PHOTO: RIPR FILE

The Rhode Island Economic Development Corporation estimated this summer’s America’s Cup sailing event would pump more than $70 million into the state’s economy. But the actual haul was much less.

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Business
8:03 am
Fri February 1, 2013

2012 was good to Providence's hotels

Front door of Biltmore Hotel
Credit RIPR file

2012 was a banner year for the Providence hotel industry.  Both occupancy and room rates exceeded the national and regional averages.

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Business
3:07 pm
Fri January 25, 2013

The Bottom Line: Confidence returning to RI business community

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday it looks at business news and themes that affect local business and the public.

This week Dave and Mark talk about a new business survey in the Providence Business News that finds more local companies are feeling better about their prospects. They’re feeling more confident about hiring new employees and expanding business.  

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Business
1:40 pm
Fri January 25, 2013

Hasbro to cut 10% of workforce, consolidate facilities

Hasbro offices downtown Providence
Credit Photo by: Catherine Welch / RIPR

Pawtucket-based toy maker Hasbro says it will lay off about 10 percent of its workforce and consolidate some facilities to offset lower than expected revenue growth.

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Business
5:00 pm
Fri January 18, 2013

The Bottom Line: Restaurant Week

(PROVIDENCE, RI) Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday it looks at business news and themes that affect local business and the public.

This week Dave and Mark talk with Robert I. Burke, proprietor of the Pot au Feu restaurant in Providence. They discuss “Restaurant Week”, the value of Johnson & Whales, and how the industry is changing to accommodate younger diners.

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Business
7:08 am
Fri January 18, 2013

RI employment picture improving

(PROVIDENCE, RI)  Governor Lincoln Chafee says the latest jobless data shows Rhode Island’s economy is on the mend.  But the unemployment rate is still in double digits and still the highest in New England.

Rhode Island’s unemployment rate went from 10.4 percent in November to 10.2 percent in December.  But that’s not why the Governor called the news media to his office to  trumpet the data.  He’s energized by five key metrics used to calculate the jobless figure – all of which are moving in the right direction for only the second time in six years.
 

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Business
8:48 pm
Wed January 16, 2013

Providence Chamber pleased with Gov. Chafee's State of the State address

Gov. Lincoln Chafee delivers his State of the State address
Credit Ian Donnis

(PROVIDENCE, RI) The president of the Greater Providence Chamber of Commerce says there was a lot to like in Gov. Lincoln Chafee’s State of the State address.

Chamber President Laurie White says last night’s address showed that the governor is serious about putting forth a pro-economic growth budget. She says she’s encouraged that the address came during a week that brought a new study and a legislative conference focused on the state’s economy.

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Business
9:26 am
Tue January 15, 2013

Report looks at RI business climate

(PROVIDENCE, RI) A report examining why Rhode Island’s business climate ranks poorly in national surveys is slated to be released Tuesday.

Rhode Island has repeatedly placed near the bottom in some national surveys on the business friendliness of different states. The new study – entitled “Moving the Needle” – was produced by the state Senate and the business-backed Rhode Island Public Expenditure Council.

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Business
5:44 pm
Fri January 11, 2013

The Bottom Line: Celebrating the working waterfront

(PROVIDENCE, RI) Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday it looks at business news and themes that affect local business and the public.

This week Dave and Mark talk with Laura Orleans, director of the ‘Working Waterfront Festival’ in New Bedford. The event will celebrate its 10th anniversary in late September. Leading up to then will be a monthly series of programs that will present major issues facing those who work on the water or in related industries.

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Business
4:32 pm
Wed January 9, 2013

Attendance at Newport mansions jumped last year

The Breakers mansion on Newport's Bellevue Ave

(PROVIDENCE, RI) Attendance at the Newport mansions has reached a 10 year high.  And expanded hours may make 2013 an even more profitable year.

Admissions to the Newport mansions increased 11 percent in 2012 to a total of 883,000 visitors. The gain was the strongest on record, according to the Preservation Society of Newport County which runs the mansions. Evan Smith, CEO and president of Discover Newport, says the growth is attributable to expanded tours the Preservation Society has been offering.

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