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Photo by: Catherine Welch / RIPR

Pawtucket-based toy maker Hasbro says it will lay off about 10 percent of its workforce and consolidate some facilities to offset lower than expected revenue growth.

The Bottom Line: Restaurant Week

Jan 18, 2013

(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.

This week Dave and Mark talk with Robert I. Burke, proprietor of the Pot au Feu restaurant in Providence. They discuss “Restaurant Week”, the value of Johnson & Whales, and how the industry is changing to accommodate younger diners.

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RI employment picture improving

Jan 18, 2013

(PROVIDENCE, RI)  Governor Lincoln Chafee says the latest jobless data shows Rhode Island’s economy is on the mend.  But the unemployment rate is still in double digits and still the highest in New England.

Rhode Island’s unemployment rate went from 10.4 percent in November to 10.2 percent in December.  But that’s not why the Governor called the news media to his office to  trumpet the data.  He’s energized by five key metrics used to calculate the jobless figure – all of which are moving in the right direction for only the second time in six years.
 

Gov Chafee gives his state of the state address
Ian Donnis

(PROVIDENCE, RI) The president of the Greater Providence Chamber of Commerce says there was a lot to like in Gov. Lincoln Chafee’s State of the State address.

Chamber President Laurie White says last night’s address showed that the governor is serious about putting forth a pro-economic growth budget. She says she’s encouraged that the address came during a week that brought a new study and a legislative conference focused on the state’s economy.

(PROVIDENCE, RI) A report examining why Rhode Island’s business climate ranks poorly in national surveys is slated to be released Tuesday.

Rhode Island has repeatedly placed near the bottom in some national surveys on the business friendliness of different states. The new study – entitled “Moving the Needle” – was produced by the state Senate and the business-backed Rhode Island Public Expenditure Council.

(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.

This week Dave and Mark talk with Laura Orleans, director of the ‘Working Waterfront Festival’ in New Bedford. The event will celebrate its 10th anniversary in late September. Leading up to then will be a monthly series of programs that will present major issues facing those who work on the water or in related industries.

(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.

The Bottom Line: Surging home sales

Jan 4, 2013

(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.

(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.

DLT says some data may have been compromised

Jan 1, 2013

(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?

(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.

RI housing market rebounds

Dec 31, 2012

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.  

Farmers Markets popular in winter

Dec 28, 2012

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.

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."

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.

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