Business

The Bottom Line
1:34 pm
Fri February 22, 2013

The Bottom Line: Why the EDC is Sitting on $3.5M for Small Business

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 take a look into why it’s been a problem for the Rhode Island Economic Development Corporation to find local companies to share what’s ballooned into a $3.5 million grant for small businesses.

When to Listen

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

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Superstorm Sandy Recovery
4:31 pm
Tue February 19, 2013

Chamber Wants Businesses Damaged by Superstorm Sandy Repaired by Summer

The Andrea Resort got socked by Superstorm Sandy.
Credit Flo Jonic / RIPR

The Westerly-Pawcatuck Chamber is working to raise $400,000 to make sure area businesses damaged by Superstorm Sandy are up and running by Memorial Day.  

Chamber executive director Lisa Konicki says the storm seriously damaged some 29 businesses, and most of them have yet to see a dime from their insurance companies.

Funds raised by the chamber will help businesses remove sand, repair damage and replace inventory before the tourist start arriving.

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Business
5:09 pm
Fri February 15, 2013

The Bottom Line: Hospitals as Economic Engines

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.

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Business
7:59 am
Fri February 15, 2013

Toyota to pay RI $.5 million

Rhode Island is one of 29 states that have reached an out of court settlement with the Toyota Corporation over the company’s practice of concealing safety defects related to unintended acceleration.  The Ocean State will receive half a million dollars from the 29-million dollar settlement.  And Toyota will be restricted from advertising the safety of vehicles without engineering data to back up their claims.

The Two-Way
7:13 pm
Thu February 14, 2013

WATCH: Sen. Elizabeth Warren Grills Regulators On Taking Banks To Trial

U.S. Senator Elizabeth Warren.
Steven Senne AP

In her debut appearance today at a Senate Banking Committee hearing, Sen. Elizabeth Warren from Massachusetts made federal regulators uncomfortable when she asked a simple question: When was the last time you took a big Wall Street bank all the way to trial?

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Business
3:53 pm
Thu February 14, 2013

Newport Chamber says same-sex marriage brings economic boost

The Newport County Chamber of Commerce has issued a statement recognizing the positive economic impact same sex marriage brings to a community.  

While the statement stops short of endorsing marriage equality, it says that same sex marriage could have a substantial economic impact on Newport businesses, particularly the hospitality and wedding industries.  The statement ends by saying that Rhode Island is at a competitive disadvantage with our New England neighbors who already have marriage equality.

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Business
9:17 am
Wed February 13, 2013

Scam targeting businesses in RI

Rhode Island Secretary of State Ralph Mollis is warning local businesses about a scam.  A letter that appears to come from the state asks businesses to fill out a form and pay a $125 document fee.  The notification claims to be coming from the “Rhode Island Corporate Compliance” office.   Secretary of State Ralph Mollis says this letter is not legitimate.

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

Business
8:11 am
Wed February 13, 2013

Charges of alleged corruption at Logan cab stands

Cab stand workers at Boston’s Logan Airport are accused of corruption.  Five men are being arraigned Wednesday on charges of taking bribes.

Cabs operating legally at Logan report to a taxi pool where they are dispatched to terminal cab stands in order.  Prosecutors claim the cab stand workers collected between $20 and $40  from any cab driver who wanted to cut in line.  Longer-distance fares would also be steered to some of the cabbies.

Some of the drivers told investigators this system nearly doubled their daily earnings.

The Bottom Line
2:36 pm
Mon February 11, 2013

The Bottom Line: Living in downtown Providence

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 architect and developer Steve Durkee. A RISD grad, Durkee discusses the need to bringing more residential space to downtown Providence.

When to Listen

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

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Business
8:47 am
Mon February 11, 2013

RI and Chinese companies to meet

A group trip is being organized for Rhode Island businesses who are interested in doing business with China, as well as those already doing so.   The Rhode Island Economic Development Corporation is organizing a trip for the last two weeks in April.  

The E-D-C says business appointments with Chinese companies will be arranged and informational briefings will be given to participants.

For more information click here.

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