Business

Business news

Urban Farm Supply Store Draws Debate

Apr 15, 2013
Elisabeth Harrison/RIPR

A new farm and garden supply store on the West Side of Providence has become a source of neighborhood controversy.  Residents rallied Sunday in support of the business called Cluck!.

About a hundred people sipped coffee and munched on scones at the Sunday morning rally.  They were there to support a new store that aims to supply small growers and chicken farmers in the city.  Community member Alice Danahy says the storefront, which used to be an abandoned gas station, was an eyesore.

The state’s economy cooled down in the first two months of this year. That’s according to a University of Rhode Island economist. The slowdown comes just as the state’s economy was starting to get its mojo back.

URI professor Len Lardaro said a wide swath of the state’s economy was starting to cook during the back half of last year. But in January and February, that growth cooled off. Lardaro said sluggish retail sales and an uptick in unemployment claims have him worried.

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 Brown University executive vice president for planning and policy, Russell Carey, on Brown’s plans to expand its School of Engineering. The School will stay on the College Hill campus, instead of heading to the Jewelry District. We discuss why the decision was made, along with plans for the School.

Electric Boat is looking to expand its footprint at the Quonset Point shipyard. Electric Boat spokesman Bob Hamilton said discussions are preliminary at this point, but he said space will be needed for the construction of two, Virginia-class submarines and other work for the U.S. Navy.

“We expect to need some space for the Navy’s Moored Training Ships, which we’re involved with,” said Hamilton, “as well as the Ohio replacement, which is the next class of submarine.”

Hamilton said sequestration cuts will have a minimal impact on Electric Boat’s submarine building work.

Catherine Welch / RIPR

Flip through catalogs for J.C. Penney, Restoration Hardware or Pottery Barn and you could see a braided rug for sale. You might assume that rug was made overseas, but there’s a good chance it was made in Pawtucket. As part of our on-going series, Made in Rhode Island, Catherine Welch visited Colonial Mills where thousands of braided rugs are shipped out of Pawtucket to major chain stores across the country.

The head of Rhode Island’s film office said tax credits helped lure an independent film production starring Mark Ruffalo. The movie will be shooting around the state until mid-May.

The film, “Infinitely Polar Bear” is based on the life of its director, who happened to have spent time in Rhode Island. Head of the state’s film office, Steven Feinberg, said Massachusetts and New York were courting the production, but Rhode Island landed the film thanks to tax credits and some unique locations.

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 Rick Brooks, executive director of the Governor’s Workforce Board. They discuss the jobs landscape, how jobs training programs work, and job advice for people who need a job now.

When to Listen

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

Good News on Jobs Front

Mar 22, 2013
RIPR file

Rhode Island’s unemployment rate has fallen to its lowest level in more than four years. The latest data from the state Labor Department indicates people may be finding work outside of the state.

Business Annual Reports Due March 31st

Mar 22, 2013

Rhode Island businesses have a little more than a week left to file their annual reports with the state.    For-profit businesses are required to file by March 31st each year.

This year the last day of the month falls on a Sunday.  However businesses can still file up to midnight on that day if they do so online.  The link for Annual Reports is found on the website of the Secretary of State. 

Businesses can also file by mail or in-person.

Gregg's Restaurant
courtesy GreggsUSA.com

A chain of Rhode Island restaurants has instituted a new policy aimed at cracking down on the passers of counterfeit bills.

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 Coastal Medical President Dr. Alan Kurose. Coastal is the state’s largest medical network.  They’re looking at ways the state’s projected aging population will affect the medical care professions and create new job opportunities.

When to Listen

Boston Phoenix Newspaper Closes

Mar 15, 2013
Photo courtesy Boston Phoenix Facebook Photo Album
courtesy Boston Phoenix Facebook Photo Album

It’s the end of an era for a popular Boston weekly newspaper. The Boston Phoenix will publish its last edition March 15th. The last online edition will come a week later.  The company’s newspapers in Providence and Portland, Maine will continue publishing.

A company that makes emergency response devices for the sick and elderly has announced plans to open a major operations center in Pawtucket.  The move means 175 new jobs for the Ocean State.

Tunstall America, a provider of health care communications devices, is closing its Cranston call center and moving it to Pawtucket where it will be expanded from 75 to 250 employees.    Tunstall America company spokeswoman Sarah Turner says they’re re-locating their data center from New York to Rhode Island in the process.

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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