economy

John Bender / RIPR

Eight years since the height of the national foreclosure crisis, Providence faces a plague of vacant houses, blighting neighborhoods.  Now the capital city’s new mayor is ramping up efforts to combat the issue. One home on the city's West Side is a success story; it's part of the ambitious plan to create many more in the state capital.

On a cold, sunny morning in March a massive front end loader tears into a tan, two-story home, on Marshall St. on the West Side of Providence. A group of neighbors and passersby watch from across the street.

Ian Donnis / RIPR

Governor Gina Raimondo joins Political Roundtable this week to discuss her budget proposal, efforts to reinvent Medicaid, the pension dispute and much more.

You can hear more from Governor Raimondo in our Bonus Q+A segment.

Aaron Read / RIPR

The state’s unemployment rate ticked down in January, compared to the same month a year ago.  The rate is now 6.5 percent; the state’s lowest since the start of the recession.

That’s down more than two percentage points since January of last year (when it stood at 8.6).  It’s been seven years since the state’s unemployment rate has been this low, back in February of 2008.  Despite the good news, Rhode Island’s unemployment rate remains higher than the national average, of 5.7 percent.

Business leaders are expressing concerns about Governor Gina Raimondo’s proposal to increase the minimum wage to $10.10 an hour, effective in 2016.

Laurie White, president of the Greater Providence Chamber of Commerce said she doesn't oppose the wage hike, but points out it could cause unintended consequences, especially for small businesses.

“Which would be potentially the shrinkage of hours for workers and also the potential that fewer jobs would be created,” said White.

Ambar Espinoza / RIPR

Rhode Island is among 15 states whose shellfish industry is at long-term economic risk from the effects of ocean acidification. That’s according to new study funded by the National Science Foundation.

Pages