economy

Rhode Island Economy
3:55 pm
Thu May 16, 2013

RI Unemployment Rate Drops to 8.8 Percent

Rhode Island's unemployment rate spent more than three years in double digits.

Rhode Island’s unemployment rate took a healthy drop in April.  But the state is still a long way from restoring all the jobs lost to the recession.

Rhode Island’s April unemployment rate was 8.8 percent. That’s three tenths of one percent lower than in March and the lowest rate in four-and-a-half years.  Charles Fogarty, director of the state Department of Labor and Training, attributes the decline to increased consumer confidence.

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Local Features
7:41 am
Tue April 16, 2013

Rhode Island Nonprofits Feel the Squeeze

Harrington Hall, the state's largest homeless shelter, has been struggling under reduced finding an increased demand for service.
Credit Flo Jonic/RIPR

It’s hard to turn on the news these days without hearing about another nonprofit in financial trouble.  Advent House – the state’s first homeless shelter – is without a director because it can’t afford one. John Hope Settlement House is bleeding $30,000 a month. And the Institute for the Study and Practice of Nonviolence has laid off a third of its staff.

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Politics
8:28 am
Fri March 22, 2013

Stenhouse: Rhode Island Needs to Take More Urgent Steps

As Rhode Island tries to overcome high unemployment, some observers argue that more urgent steps are needed to spark the economy. One of the groups making that argument is a free-market think tank, the Rhode Island Center for Freedom and Prosperity. The center’s CEO, Mike Stenhouse, stopped by our studio to talk about a proposal to eliminate the sales tax and other issues.


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

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On Politics
12:04 pm
Wed March 20, 2013

What Canada knows that RI doesn't

The Boston Globe reported Monday that the Canadian government has established a business accelerator program in Cambridge to help its ``most promising young start-ups tap into the expertise and energy of the growing innovation economy around MIT and, ideally return home with new customers, connections and ideas.’’

As anyone with a pulse is aware, the area around Kendall Square in Cambridge has evolved over the past two decades from a seen-better-days warehouse and manufacturing district into an innovation lodestone.

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Politics
7:21 am
Wed March 13, 2013

State Senate Unveils Plan to Boost Economy

Rhode Island State House
Credit Kristin Gourlay / RIPR

The leadership of the state Senate Tuesday unveiled a legislative package of 25 bills meant to improve Rhode Island’s economy.

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RI Economy
7:06 am
Wed March 13, 2013

Heartening News for Rhode Island Economy

Downtown Providence RI
Credit Catherine Welch / RIPR

Two new reports suggest Rhode Island’s economy is on the rebound. 

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Politics
8:23 am
Fri March 8, 2013

The Political Roundtable: Woonsocket's Finances & the Gov's Tax Plan

The fight for fiscal stability in Woonsocket and mixed news on Rhode Island's economy. That’s part of the discussion this week on Political Roundtable with guest Woonsocket City Council President John Ward.

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On Politics
4:00 am
Fri March 1, 2013

Bonus Q+A: Kaplan says RI Needs to Turn its Size Into An Asset

Saul Kaplan, head of the Business Innovation Factory, says Rhode Island has the necessary assets for a thriving economy. Part of the challenge, he says, is transforming the state's small size from an obstacle into a benefit.

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RI Economy
8:27 am
Wed February 27, 2013

Economic Expert says Rhode Islanders Need to Grab Control of Their Own Fate

It’s up to business leaders and other people in Rhode Island, not just lawmakers, to help save the state’s economy.

That’s what economic expert Bruce Katz of the Brookings Institution told a lunch gathering of more than 200 people in Providence Tuesday.

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Politics
3:52 pm
Wed February 20, 2013

Gov. Chafee: RI Taking a Methodical Approach to Improving the Economy

Credit RIPR file / RIPR

Gov. Lincoln Chafee says the findings in a new report are part of the process of improving Rhode Island’s economy.

The report centers on the state’s business climate and found Rhode Island has made some progress in cutting taxes but they’re still perceived as being a potential roadblock to attracting new business. It also found gaps in funding for start ups.

Chafee says the process is part of what he calls a methodical approach his administration is using to target a better economy.

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