economy

Ian Donnis / RIPR

Due to the possibility of a major snow storm this weekend, Governor Gina Raimondo canceled her plan to leave Wednesday night for the annual World Economic Forum in Davos, Switzerland.

The governor said keeping Rhode Islanders safe is her top priority. Spokeswoman Marie Aberger said the decision to scrap the trip was made with "imperfect [weather]information," four days ahead of the storm's expected impact.

Ian Donnis / RIPR

A new report requested by the Raimondo administration says Rhode Island can overcome its economic listlessness by using a focused strategy to make targeted investments in key sectors for job growth.

Ian Donnis/File Photo / RIPR

Governor Gina Raimondo plans to attend the World Economic Forum's annual meeting in Davos, Switzerland, next week as part of her effort to promote Rhode Island while attempting to attract new jobs.

"The governor will participate in a range of policy discussions and meetings with several leading domestic and international business executives to promote Rhode Island as a place fostering innovation and economic opportunity," spokeswoman Marie Aberger said in a statement Wednesday. "The governor will be traveling from January 20-23."

Ian Donnis / RIPR

Richard Culatta started on the job this week as Rhode Island's first chief innovation officer. The job represents a homecoming for the 37-year-old South Kingstown native after he most recently worked in senior jobs in the US Department of Education.

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.

This week Mark and Dave discuss the outlook for retailers this holiday season with Paul DeRoche, senior vice president of government relations at the Greater Providence Chamber of Commerce.

According to DeRoche, retailers have noticed that millennials eschew aparrel in favor of devices like smart phones. For the holiday shopping season, DeRoche predicts sales volume will increase by 5 percent from 2014.

Ian Donnis / RIPR

State officials on Monday announced the availability of two tax incentives, both contained in the budget passed by the General Assembly in June, that are meant to improve Rhode Island's economy.

Happy mid-October and thanks for stopping by for my weekly column. Your tips and thoughts are always welcome via email, and you can follow me through the week on the twitters. Here we go

John Bender / RIPR

Providence Mayor Jorge Elorza has set himself an ambitious goal: to rid the city of all housing blight in the next six years. If the city reaches that goal, Elorza said it would be the first city of its size to do so.

On Tuesday, the mayor unveiled his initiative to deal with hundreds of vacant and abandoned homes in the state capital. The project, called EveryHome Providence, offers what the administration calls a suite of tools for taking on these properties.

Aaron Read / RIPR

Rhode Island and the Federal Reserve Bank of Boston are partnering on an effort to boost economically depressed parts in the state. The program is aimed at cities most affected by the loss of manufacturing jobs.

With the exception of Newport, many Rhode Island cities were hard hit by the loss of manufacturing jobs over the last few decades. And many of those cities are still struggling to recover.

Providence Business News Editor Mark Murphy sits down with Rhode Island Public Radio Host Dave Fallon for our weekly business segment, The Bottom Line.  

This week, Mark and Dave discuss a new survey of business attitudes that reflects improvements in the economy.

When to listen:

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

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. news@ripr.org

Kristin Gourlay / RIPR

Governor Gina Raimondo and the state’s congressional delegation were on hand Monday to announce a $25 million initiative to help low income Rhode Islanders. The money comes from state, federal and private donations. It will be distributed by the Rhode Island chapter of the Local Initiatives Support Corporation.

The money will be doled out over the next twelve months in the form of grants and loans for affordable housing, daycare and education, and public safety.

Ian Donnis/File Photo / RIPR

Governor Gina Raimondo joins Political Roundtable this week to discuss her efforts to improve RI's economy; whether she'll support keeping the PawSox in Pawtucket; and the controversy about her administration hiring former state Rep. Donald Lally four months after he left office.

NABsys

Providence-based biotech company NABsys has shut down after nearly 10 years in operation. 

 Early investments came from a state-backed technology fund and Point Judith Capital, a company Gov. Gina Raimondo once ran. 

RIPR file photo

In an effort to retain a young, educated workforce, the state has announced a program to help recent graduates buy homes in the state. The “Ocean State Grad Grant,” as its being called, is being offered to people buying a home in-state within three years of graduating from college or graduate school.

Grants, of up to seven thousand dollars will be awarded to help with a mortgage down payment. The program is being run by the quasi-government agency, Rhode Island Housing, which has set aside 350-thousand dollars for the program.

Wikimedia Commons

For  workers and unions, there hasn’t been much to celebrate on Labor Day in recent years. RIPR political analyst Scott MacKay says things may finally be looking up.

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