Business

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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Business
5:46 pm
Fri January 4, 2013

The Bottom Line: Surging home sales

(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.

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RI Business
9:18 am
Thu January 3, 2013

2012 News Countdown: The collapse of 38 Studios

(PROVIDENCE, RI) It was a busy year in the Ocean State, and Rhode Island Public Radio’s counting down the ten biggest stories of 2012. Topping the list – is the implosion of the 38 Studios deal.

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RI Economy
10:14 am
Tue January 1, 2013

DLT says some data may have been compromised

(PROVIDENCE, RI)
The State Department of Labor and Training says a malfunctioning telephone system may have allowed the unauthorized sharing of some clients’ personal information, including social security numbers. The problem happened Christmas Eve. A departmental review shows up to 700 people’s information may have been compromised. The department is notifying all customers who may have been impacted and is providing them with free credit monitoring services for three months.

Do you have insight or expertise on this topic?

RI Economy
9:48 am
Tue January 1, 2013

Pay raise for RI minimum wage workers

(PROVIDENCE, RI)
Minimum wage workers in Rhode Island are getting a pay raise Tuesday. The state’s minimum wage is going up for the first time in five years.

Legislation raising the minimum wage in Rhode Island goes back to 1956, when it was $0.90 an hour. State labor numbers find about 10,000 Rhode Islanders earn the minimum wage, and will get a bump in their next pay check. Sydonia  Lary works two hourly wage jobs in Providence. She’s pleased the state’s minimum wage is going up.

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Economy
9:33 am
Mon December 31, 2012

RI housing market rebounds

There is some good news for Rhode Island’s housing market.  The Rhode Island Association of Realtors reports that single family home sales increased by 43% last month as compared to a year ago.  The median price of 195-thousand-dollars is 1% higher than November 2011.  
November’s numbers also show an even balance between the supply of houses for sale and the number of potential buyers according to the RIAR.  

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Economy
8:52 am
Fri December 28, 2012

Farmers Markets popular in winter

The popularity of Farmers Markets in Rhode Island is growing and you can find them during the winter months, in addition to summer months.  Chief of the Division of Agriculture of the Department of Environmental Management, Ken Ayers says the markets move indoors during the cold weather.  
Ayers says Farmers Markets are important to local farms.

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Business
4:32 pm
Wed December 26, 2012

Winter storm puts Nat'l Grid on alert

PROVIDENCE, RI  - A powerful winter storm headed for New England has power company workers on standby to respond to outages. That's because high winds expected with this storm could down trees and power lines. National Grid spokeswoman Debbie Drew says the company is on alert for any problems.

"We've activated our emergency response system. And we're watching the storm track very closely," said Drew. "That helps us determine where best to deploy crews so we can get them to hard hit areas quickly."

Business
2:54 pm
Thu December 20, 2012

Angus Davis' Swipely builds on its software success in RI

While the meltdown of 38 Studios is certainly Rhode Island's top story for 2013, Swipely -- the company started by Angus Davis -- is showing how a smart entrepreneurial company can thrive in the Ocean State.

A survey of recent press:

Gigaom:

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RI Business
10:07 am
Fri August 3, 2012

Friday, August 3, 2012

PROVIDENCE, RI – The recent numbers for hotel use in Providence were very encouraging. Hotel occupancies in Providence were up in June, as room rates approached pre-recession levels. "The Bottom Line" this week looks behind those numbers and attracting local convention business. This week's guest on "The Bottom Line" is Providence/Warwick Convention and Visitors Bureau CEO Martha Sheridan. Also joining the discussion is "Providence Business News" editor Mark Murphy. When to Listen
You can hear The Bottom Line each Friday at 5:50pm.

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