Business

Economy
10:19 am
Wed March 9, 2011

Chafee calls for sales tax changes in budget proposal

Governor Lincoln Chafee is pictured during his gubernatorial campaign. Photo by Louis Oppenheimer.

PROVIDENCE, R.I. – Governor Lincoln Chafee made his first budget address Tuesday night. For fiscal year 2012, the governor proposed financial aid to cities and towns, supporting the school funding formula, and a boost in higher education.

But Chafee also called for cuts, specifically $60 million to Health and Human Services, which will make up some 40 percent of the next state budget.

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Economy
7:24 am
Wed March 2, 2011

More women entering homelessness in RI

PROVIDENCE, R.I. – More women are entering homeless shelters due to unemployment and foreclosures in Rhode Island.


Crossroads Rhode Island, provider of services to the homeless, has released a report that found women are the fastest growing group of people facing homelessness.


Crossroads President Anne Nolan says that the issue of women and homelessness is a crisis that often gets overlooked.


Nolan notes that in Providence, a 41-bed women's shelter is consistently overflowing.

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Economy
6:56 am
Tue March 1, 2011

Taveras to detail city's finances by week's end

City Hall is pictured here. Photo by Alex Nunes.

PROVIDENCE, R.I. – The Providence financial reckoning becomes clear later this week. City Hall sources say Mayor Angel Taveras is expected to detail the dire condition of city government finances by Thursday.

The Taveras administration isn't saying anything on the record at this point; mayoral spokeswoman Melissa Withers is adamant about not confirming any projected deficit numbers.

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Economy
7:01 am
Fri February 25, 2011

Consultant: RI could tap into tourism's potential with better marketing

PROVIDENCE, R.I. – A consultant says Rhode Island's tourism industry is losing market share to states that do a better job promoting themselves.


Mitch Nichols says the Ocean State has great attractions, but is getting out-marketed by Vermont, Maine, and New Hampshire. The Arizona-based consultant was hired by the state Economic Development Corporation.

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Economy
11:38 am
Thu February 24, 2011

Can arts businesses help bring Pawtucket back?

Artist Jill Davis is pictured at her Pawtucket studio. Photo by Catherine Welch.

PROVIDENCE, R.I. – Advocates say the arts can help put a city on the map, but can they also help put a city budget in the black? Pawtucket officials are hoping the answer to that question is yes.

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Economy
6:58 am
Thu February 24, 2011

Home sales, median prices dip slightly

PROVIDENCE, R.I. – Rhode Island home sales dipped slightly in January as did the median price. The Rhode Island Association of Realtors reports that existing home sales fell from 395 a year ago to 392 this year.

The median price fell to $198,000 from $200,000 the year prior.

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Economy
7:06 am
Wed February 9, 2011

House committee meets on bill to restore e-verify

PROVIDENCE, R.I. – More than 60 people attended a House Labor Committee meeting yesterday to debate illegal immigration. The focal point was a bill to restore former governor Don Carcieri's executive order on immigration.

Tea Party and Rhode Island Statewide Coalition members were among those backing stronger efforts to curb illegal immigration.

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Economy
6:35 am
Wed February 9, 2011

Chafee concerned about Mass. casino, but not endorsing table games in RI

Photo by Ross Elliott via Flickr Creative Commons.

PROVIDENCE, R.I. – Governor Lincoln Chafee says his administration is keeping a watchful eye on potential casino developments in Massachusetts but stopping short of endorsing a plan to allow table games at Twin River in Lincoln.

Chafee spokesman Mike Trainor says the concern is that a Bay State casino could take revenue away from Rhode Island.

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Economy
7:13 am
Tue January 25, 2011

100+ to be laid off in Sam's Club re-design

PROVIDENCE, R.I. – The Sam's Club store in Warwick is closing for a major redesign. As a consequence, the store's 113 employees will be laid off.


A spokesman for the Walmart corporation says they'll be given 60 days of pay plus severance and will be considered for openings in other stores.


The company has not said how long the remodel will take. But in the meantime, Sam's Club members can use the store in Seekonk, Massachusetts.

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Economy
7:02 am
Mon January 24, 2011

Chafee to EDC- focus on the basics

Governor Lincoln Chafee, center, is pictured with EDC head Keith Stokes, left. Photo by Megan Hall.

Providence, RI – Governor Lincoln Chafee ushered in a new philosophy for bringing jobs to the Ocean State as he chaired his first meeting of the state's Economic Development Corporation yesterday.

Chafee says like any business or sports team that's in trouble, Rhode Island needs to focus on the basics and away from bigger projects like the EDC's $75 million loan to video game developer 38 Studios.

"The football analogy would be, you block and tackle before you do the Hail Mary and the Statue of Liberty play," he says.

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