economy

On Politics
4:22 pm
Thu May 29, 2014

Swipely Says $20M Infusion Will Enable It to Grow, Keep Adding Jobs

Angus Davis talks about Swipely's growth,
Credit Ian Donnis / RIPR

Providence tech startup Swipely, which has grown significantly since it was launched in 2009, says a new infusion of $20 million in venture capital funding will enable it to continue expanding a small spark of Silicon Valley in Rhode Island.

"The intent is to use those funds to continue to aggressively growing the team in all our areas, including our engineering team, our marketing and sales team, and other departments within the company," Swipely founder Angus Davis said during a news conference Thursday morning.

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Economy
8:29 am
Fri May 23, 2014

West Warwick Residents Approve Critical Budget

West Warwick has been teetering on the edge of financial ruin for several years.
Credit Wikimedia Commons

Residents of West Warwick have passed a town budget that scales back services and raises taxes as part of an effort to avoid a financial crisis.  The move is a early step for the town's path to fiscal stability.

The $86.3 million budget comes with plenty of concessions, including cuts in town programs, a 2.9 percent increase in property taxes, and reductions to public employee pensions. But town manager Frederick Presley said the concessions are necessary if West Warwick wants to avoid bankruptcy.

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On Politics
3:00 pm
Wed April 23, 2014

Pell Unveils Jobs Plan; Says His Ideas Will Elevate His Campaign

Credit Ian Donnis / RIPR

Democratic gubernatorial candidate Clay Pell unveiled Wednesday his plan for improving Rhode Island’s economy, as part of the first in what he said will be a series of forthcoming policy initiatives.

In broad strokes, Pell said if elected governor he would focus on improving the state's public schools, strengthening infrastructure, and leveraging Rhode Island's assets.

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On Politics
4:10 pm
Mon April 14, 2014

Raimondo: State Needs to Streamline, Modernize Regulations

Credit Ian Donnis / RIPR

Democratic gubernatorial candidate Gina Raimondo says the state needs to streamline and modernize regulations to encourage entrepreneurs.

Speaking at Foolproof Brewing in Pawtucket, Raimondo cited the company as part of Rhode Island’s growing craft-brewing sector. But Raimondo says startups like Foolproof are succeeding in spite of excessive and antiquated regulations. She says entrepreneurs are sometimes left feeling like they’ve done something wrong after filling out government applications and permits.

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Economy
8:54 am
Wed April 2, 2014

Local Think Tank Calls For Millions In Cuts To State Spending

The Center for Freedom and Prosperity recommends more than $200 million dollars in cuts state spending.
Credit RIPR FILE

A conservative-leaning think tank says Rhode Island spends more than 220 million dollars each year on what it calls non-essential state services.  The Rhode Island Center for Freedom and Prosperity says cutting this spending would improve Rhode Island’s economy.

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