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The Bottom Line: Legislative Recap

Jul 12, 2013

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 they look at business news and themes that affect local business and the public.

This week Dave and mull over the recent legislative session. They discuss attempts to restructure the state’s Economic Development Corporation, historic tax credits and the new health insurance commissioner.

When to Listen

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

Flo Jonic / RIPR

Lt. Governor Elizabeth Roberts is holding a birthday part of sorts Wednesday for a Providence peanut company that’s celebrating its 100th anniversary.

The Virginia and Spanish Peanut Company was founded 100 years ago this summer by Peter Kaloostian, an Armenian immigrant.  The company roasts, packages and distributes peanuts, nuts and dried fruit to a wide variety of bakeries, confectioners and supermarkets throughout New England. 

RIPR FILE

The Shaw’s supermarket chain says it’s closing six underperforming stores. Four are in southeastern Massachusetts and two are in the Rhode Island communities of Westerly and Woonsocket. 

But the closures won’t necessarily mean massive layoffs. A spokesman for Shaw’s said the company will try to avert layoffs by absorbing the affected employees into their remaining stores.  After the closures of the stores in Westerly and Woonsocket there will be eight Shaw’s stores left in Rhode Island.

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 they look at business news and themes that affect local business and the public.

This week Dave and Mark talk URI professor Dr. Tony Wheeler, who directs the new URI Strategic Innovation MBS program in Providence.

They’re combing over the new state budget and what it does to boost the state’s economy. They also mull over whether Rhode Island should pay back the 38 Studios loan.

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 they look at business news and themes that affect local business and the public.

This week Dave and Mark talk with Providence Foundation Executive Director Dan Baudouin about the new business revival that is happening in downtown Providence.

When to Listen

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

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 they look at business news and themes that affect local business and the public.

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 they look at business news and themes that affect local business and the public.

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 they look at business news and themes that affect local business and the public.

This week Dave and Mark talk with Bill McCourt, Executive Director of the Rhode Island Manufacturers Association. They probe into a comprehensive survey of Rhode Island manufacturers on what manufacturers are seeking, the state of modern manufacturing, and what will be done with the findings.

When to Listen

RI Youth Hit Hardest by Sluggish Economy

May 21, 2013

You think it’s tough finding a job in Rhode Island if you’re an adult, try being someone just starting out.  A new report shows the youth unemployment rate in Rhode Island is nearly twice the adult rate.

The unemployment rate in Rhode Island is 8.8 percent. But for people aged 16 to 24, it’s 17 percent. That, according to the youth advocacy group “Young Invincibles,” which based its conclusions on data from the U.S. Census Bureau and the Bureau of Labor Statistics.

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 they look at business news and themes that affect local business and the public.

This week Dave and Mark discuss the proposed Internet tax in Congress and implications for state revenue, sales tax, and brick-and-mortar stores.

When to Listen

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

Twenty businesses in Rhode Island received grants from the state to help pay for employee training.

The Governor’s Workforce Board doled out $60,000 worth of matching grants to help businesses pay for training. Employers can either match the $5,000 grants or provide an approved internship to cut their match in half.

This round of grants will help pay for training in such areas as medical billing, software training and welding technology. The governor calls the grants ideal for small businesses.

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 Grow Smart Rhode Island executive director Scott Wolf. They discuss proposals for the Superman Building, the costs of such development,  urban residential living and trends in downtown office buildings.

When to Listen

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

Aspiera Medical head David Goldsmith discusses the new “MedMates” health care network that is developing across Rhode Island; connecting startups, existing companies, researchers and colleges and universities.

Chafee: Internet Sales Tax a Matter of Fairness

Apr 23, 2013

Senator Jack Reed and Governor Lincoln Chafee are urging Congress to pass the  Marketplace Fairness Act. The bill would require online merchants to pay state sales taxes. Chafee and Reed say it’s a matter of fairness.

Reed and Chafee stood side by side in a West Warwick furniture store to urge Congress to allow a vote on the Marketplace Fairness Act.  Chafee said the bill – which would require online merchants to pay state sales taxes – would add $70 million a year to the state treasury.

Senator Jack Reed and Governor Lincoln Chafee are asking Congress to pass legislation that allows state to collect taxes from online purchasing. 

Senator Jack Reed is a co-sponsor of the “Marketplace Fairness Act,” which would open the door for states to collect sales taxes from online retailers.  Right now it’s up to shoppers to pony up when filing their income taxes.

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