Business

Economy
7:06 am
Wed February 9, 2011

House committee meets on bill to restore e-verify

PROVIDENCE, R.I. – More than 60 people attended a House Labor Committee meeting yesterday to debate illegal immigration. The focal point was a bill to restore former governor Don Carcieri's executive order on immigration.

Tea Party and Rhode Island Statewide Coalition members were among those backing stronger efforts to curb illegal immigration.

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Economy
6:35 am
Wed February 9, 2011

Chafee concerned about Mass. casino, but not endorsing table games in RI

Photo by Ross Elliott via Flickr Creative Commons.

PROVIDENCE, R.I. – Governor Lincoln Chafee says his administration is keeping a watchful eye on potential casino developments in Massachusetts but stopping short of endorsing a plan to allow table games at Twin River in Lincoln.

Chafee spokesman Mike Trainor says the concern is that a Bay State casino could take revenue away from Rhode Island.

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Economy
7:13 am
Tue January 25, 2011

100+ to be laid off in Sam's Club re-design

PROVIDENCE, R.I. – The Sam's Club store in Warwick is closing for a major redesign. As a consequence, the store's 113 employees will be laid off.

A spokesman for the Walmart corporation says they'll be given 60 days of pay plus severance and will be considered for openings in other stores.

The company has not said how long the remodel will take. But in the meantime, Sam's Club members can use the store in Seekonk, Massachusetts.

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Economy
7:02 am
Mon January 24, 2011

Chafee to EDC- focus on the basics

Governor Lincoln Chafee, center, is pictured with EDC head Keith Stokes, left. Photo by Megan Hall.

Providence, RI – Governor Lincoln Chafee ushered in a new philosophy for bringing jobs to the Ocean State as he chaired his first meeting of the state's Economic Development Corporation yesterday.

Chafee says like any business or sports team that's in trouble, Rhode Island needs to focus on the basics and away from bigger projects like the EDC's $75 million loan to video game developer 38 Studios.

"The football analogy would be, you block and tackle before you do the Hail Mary and the Statue of Liberty play," he says.

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Economy
6:44 am
Thu January 20, 2011

Heating oil hits 2-year high in RI

PROVIDENCE, R.I. – The cost of home heating oil has reached a two year high in Rhode Island. According to the state Office of Energy Resources, the average price is now $3.32 a gallon.

The high price of home heating oil in Rhode Island is leading people to do desperate things, according to Maggie Rogers of the George Wiley Center.

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Economy
7:51 am
Wed January 12, 2011

Taveras orders review of city finances

PROVIDENCE, R.I. – Providence Mayor Angel Taveras yesterday created a five-member panel to assess the fiscal condition of Rhode Island's capital city.

Taveras says assembling a team of experts is an important part of strengthening Providence's finances. He calls it a difficult challenge and one faced by cities across the country.

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Economy
6:23 am
Thu January 6, 2011

Shaw's to close 2 RI stores

PROVIDENCE, R.I. – A couple Rhode Island grocery stores are about to close. Shaw's has announced it's closing five stores: three in Massachusetts and two in Rhode Island.

The Rhode Island stores affected are in Warwick and Johnston. The Massachusetts locations are New Bedford, Stoneham and Revere.

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Economy
5:03 am
Wed December 29, 2010

Countdown to Cup?

Photo courtesy of Daniel Forster.

PROVIDENCE, R.I. – Supporters of a push to bring the America's Cup sailing race back to Newport say a new study shows the international competition could have a $1.1 billion impact on the state. The announcement came Wednesday, two days before the deadline to select the next host city for the final leg of the race in 2013.

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Economy
6:28 am
Fri December 17, 2010

Chafee meets with team on America's Cup location

PROVIDENCE, R.I. – A spokesman for Rhode Island Gov.-elect Lincoln Chafee says Chafee and representatives of the Golden Gate Yacht Club all agree that Newport is the "natural home for the America's Cup."

Chafee met privately Thursday with team representatives and with Keith Stokes, head of the state's Economic Development Corp.

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Economy
6:43 am
Thu December 16, 2010

Council of Churches rallies RI to support homeless

PROVIDENCE, R.I. – Faith leaders in the state are calling on the religious community, businesses and philanthropists to help address what they say is a shortfall in the number of beds available at emergency shelters.

Rev. Don Anderson, of the State Council of Churches, says people of faith should make donation at their local place of worship or to the Rhode Island Coalition for the Homeless.

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