Business

Business news

Alex Nunes

Politicians often promote business tax credits and incentives as a way to develop the economy and, ultimately, create more jobs. In Rhode Island, state reports show hundreds of millions of dollars in tax breaks have been awarded to businesses in the last decade.

Lori Mack / WNPR

The Federal Communications Commission has ordered Obama-era net neutrality rules to end April 23. That essentially opens the door for internet service providers to treat certain content differently. That has technology companies raising the alarm.

JOE SHLABOTNIK / Creative Commons License via flickr

In New England, New Hampshire is well known for tax-free liquor sales, which makes the Granite State a popular destination for out-of-staters looking to stock up on alcohol. 

Darn It!

Darn It! Inc. is a company that has thrived because of  -- rather than in spite of -- the overseas manufacturing that has put so many American textile companies out of business.

As part of our series “One Square Mile: New Bedford,” Darn It! founder and president Jeff Glassman told RIPR's Dave Fallon what the company does, how it came to be, and why he's optimistic about New Bedford.

Via apartments.com

A Rhode Island man says a big New Hampshire-based developer let mold grow in his apartment for a year, giving him an incurable lung disease. The man, identified in court documents as Jeffrey Mastrubuono, is suing the developer, Brady Sullivan, for $60 million dollars.

The lawsuit alleges Mastrobuono lived for about a year in a converted mill apartment at the Harris Mill Lofts in Coventry. Brady Sullivan owns properties like it all over New England, and they've been cited for environmental issues before.

AcidBomber / CC LICENSE VIA WIKIMEDIA COMMONS

AirCanada now has a home in the Ocean State’s biggest airport. T.F. Green will offer direct flights to Toronto this spring.

RIPR file photo

A new casino on Rhode Island's border with Massachusetts will open later than expected and cost nearly twice its projected price tag, Twin River said Wednesday.

The facility, already under construction in Tiverton, was designed to house 1,000 slot machines and provide gamblers access to nearly three dozen table games. Twin River also operates a casino in Lincoln.

Navy Petty Officer 1st Class Tim D. Godbee / Department of Defense

Amazon, the Seattle-based e-commerce giant, is looking to open a second headquarters in North America. Rhode Island officials say the Ocean State will throw its hat into the ring in what is likely to become a competitive race for the company among U.S. cities.

Report: RI Defense Industry Accounts For 30K Jobs

Aug 31, 2017
COURTESY: GENERAL DYNAMICS ELECTRIC BOAT

According to a report by the Southeastern New England Defense Industry Alliance, a nonprofit defense industry trade group, Rhode Island’s defense industry generated close to $147 million in tax revenue in 2016.

Aaron Read / RIPR

The Ocean State has received its highest ever rank— 45 out of 50-- in an annual business scorecard put out by CNBC. The list ranks states for business friendliness measuring overall economic climate.

Funky Tee / Creative Commons License

The credit rating for Massachusetts is now on par with most New England states, after a major credit rating agency downgraded the state's bonds.

Citizens Bank Names New President

May 5, 2017

Keith Kelly of Barrington has been named the new president of Citizens Bank Rhode Island. The bank employs more than 5,300 people.

Bill Aims To Give Veteran- Owned Businesses A Boost

Apr 24, 2017
RIPR File Photo

The Rhode Island Senate is considering a bill that would give Veteran owned companies a small boost when seeking state contracts.

‘Keg Tax’ Raises Concern Among RI Brewers

Apr 24, 2017
James Cridland / Flickr/ Creative Commons License

The enforcement of a usage tax on kegs is posing a concern for the local beer brewers in Rhode Island. Brewers hope to address the issue in a meeting with Lieutenant Governor Dan McKee, Tuesday.

University of Rhode Island

The University of Rhode Island and the Naval Undersea Warfare Center Division Newport are partnering up to help small Rhode Island defense businesses.

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