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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.

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.

Toyota to pay RI $.5 million

Feb 15, 2013

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.

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?

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.

Scam targeting businesses in RI

Feb 13, 2013

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

Charges of alleged corruption at Logan cab stands

Feb 13, 2013

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.

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.

RI and Chinese companies to meet

Feb 11, 2013

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.

#honestjobdescription

Feb 6, 2013

What's your job? Really? That's the question Planet Money asked on Twitter yesterday. Here are a few of their favorite answers.

Monopoly: the cat wins by more than a whisker

Feb 6, 2013

Monopoly has a new token. Fans of the board game say it’s a purr-fect addition to the classic game. (Sorry).

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 Donald Nokes, founder of NetCenergy. He is past vice-chair of the State Health Exchange Board and is currently president of the Rhode Island Business Group on Health.

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.

2012 was good to Providence's hotels

Feb 1, 2013
Front door of Biltmore Hotel
RIPR file

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

The Bottom Line: Confidence returning to RI business community

Jan 25, 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 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.  

When to Listen

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