economy

Economy
10:22 am
Wed December 19, 2012

Local study finds 500% increase in homeless sleeping outside

PROVIDENCE, RI – The state's latest homeless census shows a sharp uptick in the number of people living outdoors. It's a consequence of the overcrowded state of shelters.

When the federal government conducted a census of Rhode Island's homeless population at the start of the year it found 28 people living outdoors statewide. A census conducted last week by local volunteers shows the number has more than quintupled to 146.

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Economy
8:15 am
Wed December 19, 2012

State ordered into mediation over pension reform lawsuit

PROVIDENCE, RI – A Superior Court judge Tuesday ordered the two sides in Rhode Island's pension case to try to settle their differences through mediation. A series of unions are challenging last year's landmark overhaul of the pension system. Five public sector unions are suing the state, arguing that it went too far in cutting retirement benefits.

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Economy
8:34 am
Thu December 13, 2012

Good news for state's budget

State Capitol
Photo: RIPR file

PROVIDENCE, RI – A larger than expected surplus means that Rhode Island's deficit for the next fiscal year is about half of what it was expected to be. A presentation at a House Finance Committee meeting Wednesday shows the state to be on track for a 47 million dollar surplus in the current fiscal year.

Thanks to that surplus, the budget hole for the fiscal year starting July first is now put at 70 million dollars. That's roughly half of what was previously expected.

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Economy
8:09 am
Thu December 13, 2012

RI Fiscal Cliff: effects on the state's environment

Wind Turbine
Photo by: Bradley Campbell

PROVIDENCE, RI – All this week we're looking at what's vulnerable in Rhode Island should the U.S. government fall over the so-called "fiscal cliff" triggering spending cuts and tax hikes. While it's unclear whether lawmakers on Capitol Hill will come to an agreement before the end of the year, funding for the environment could face cuts. For example, jobs created by wind energy are at risk.

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Economy
7:05 am
Wed December 12, 2012

RI Fiscal Cliff: defense spending

Photo: RIPR file

PROVIDENCE, RI – All this week we're looking at what's vulnerable in Rhode Island should the U.S. government fall over the so-called "fiscal cliff" triggering spending cuts and tax hikes. While it's unclear whether lawmakers on Capitol Hill will come to an agreement before the end of the year, the defense budget is one area facing across the board cuts. There are some 12-thousand jobs in Rhode Island tied to defense contracts. Here's a look at how cuts to defense could hurt the Ocean State.

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Economy
10:03 am
Fri December 7, 2012

RI should make sure it gets good return on investments

PROVIDENCE, RI – Gary Sasse of the Hassenfeld Institute for Public Leadership at Bryant University stopped by our studio to talk about pensions, economic development and more. Here's Rhode Island Public Radio political reporter Ian Donnis.

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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Economy
8:43 am
Wed November 28, 2012

DOT plans hearings on Sakonnet River Bridge tolls

PROVIDENCE, RI – The Rhode Island Department of Transportation is holding a pair of meetings next week seeking input on tolls planned for the Sakonnet River Bridge. Federal funding helped pay for the new bridge and at the time of construction tolls were not an option. But now that tolls are likely, the state needs to check back with the public as part of a re-evaluation process. RIDOT will cover where transportation funding comes from, and how tolls fit into the picture.

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Economy
8:25 am
Wed November 28, 2012

Cranston planning pensions talks with retired fire and police

PROVIDENCE, RI – A group that lobbies for cities and towns is applauding talks aimed at resolving a looming pension crisis in Cranston. Cranston Mayor Allan Fung is planning to sit down with a group of retired firefighters and police officers.

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Economy
9:07 am
Fri November 23, 2012

Local store owners mark special day

PROVIDENCE, RI – Saturday is National Small Business Saturday, a day to draw attention to the importance of locally-owned businesses.

President of the North Central Rhode Island Chamber of Commerce, Deborah Ramos says this year the Chamber will offer a shuttle connecting stores in North Scituate, North Providence, and Johnston.

"The shuttle bus will loop around and make those three stops. And then also during that visit we will be making a brief stop for a small for a light lunch. All for ten dollars."

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Economy
8:48 am
Tue November 20, 2012

Busy travel weekend begins

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