Business

Economy
2:47 pm
Mon November 15, 2010

Wind power summit convenes in Providence

A wind turbine is pictured at NE Tech in Warwick. Photo by Louis Oppenheimer.

PROVIDENCE, R.I. – The Northeast Offshore Wind Summit is being held in Providence Monday and Tuesday. Regional developers and policymakers are reviewing the energy potential of wind power as well as the necessity of training a workforce for the new wind industry.

While the conference has focused on offshore wind projects such as the wind farm on Block Island, Rhode Island Economic Development Corporation Government Affairs Director Fred Hashway says on-shore special area management projects are important too.

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Economy
8:52 am
Tue November 9, 2010

RI receives $80 million to curb foreclosures

PROVIDENCE, R.I. – Rhode Island has received $80 million from the federal treasury to help homeowners in danger of foreclosure.


The program, called the "Hardest Hit Fund," is now available in Providence and by December 1 will be available statewide.

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Economy
6:41 am
Mon November 8, 2010

Officials meet on state finances

WRNI file photo by Alex Nunes.

PROVIDENCE, R.I. – The second part of an annual process to forecast state finances continues today at the State House.


The revenue estimating conference takes place twice a year - in May and November. Legislators and other officials will use the projections formed during the conference to shape the next state budget.

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Economy
7:03 am
Fri October 22, 2010

Crossroads receives $100-K to address increased demand

Photo by Flo Jonic.

PROVIDENCE, R.I. – Crossroads Rhode Island is getting some badly needed financial help. The Rhode Island Foundation has presented Crossroads with a check for $100,000 to deal with the overflow conditions it's confronting this year.

Crossroads president Anne Nolan says they saw more homeless people by the end of July as they did in all of 2009.

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Economy
6:19 am
Mon October 18, 2010

Improvements seen in Providence tourism industry

PROVIDENCE, R.I. – The Providence tourism industry appears to be on the rebound. Sixty-four percent of hotel rooms have been full on average so far this year, compared to 57 percent at this time last year.


The statistics come from the Providence Convention and Visitors Bureau whose spokeswoman, Kristen Adamo, says the hotel industry is back to pre-recessionary levels.

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Economy
7:37 am
Wed October 13, 2010

Gas prices jump in RI

PROVIDENCE, R.I. – Gas prices in Rhode Island have jumped 11 cents since last week and are up 16 cents in the last two weeks.

AAA Southern New England says in a weekly survey Tuesday that self-serve regular unleaded is now averaging $2.80 per gallon, or a penny below the national average. The average price in Rhode Island at the same time last year was $2.50.

AAA attributes the spike to a weakened U.S. dollar and an increase in global demand.

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Economy
8:29 am
Wed October 6, 2010

Families represent fastest growing homeless group in RI

Toni Talbot reads to her nine-year-old daughter Nicoi at a family shelter in Warwick. Photo by Flo Jonic.

PROVIDENCE, R.I. – Thirty years ago it was unheard of for a family to turn up at a homeless shelter. But today - three years into the worst recession since the Great Depression - families are the fastest growing segment of the homeless population in Rhode Island.

Nine-year-old Nicoi Thomas, a sweet girl with a mass of curly brown hair, comes home excited about what she's learned at school.

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Economy
5:30 am
Tue October 5, 2010

Bernanke visits RI

Ben Bernanke is pictured at the Rhode Island Convention Center. Photo by Megan Hall.

PROVIDENCE, R.I. – Ocean State college students had a chance to grill the federal reserve chairman on Monday. Ben Bernanke took their questions at a meeting at the Rhode Island Convention Center.

Bernanke fielded questions on everything from the bail-out of AIG to the lessons he's learned from the Great Depression. He also offered an apology.

"I'm sorry the economy's not stronger right now," he said.

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Economy
8:01 am
Mon September 27, 2010

Study finds potential for Tiverton wind farm

A wind turbine is pictured at New England Tech's Warwick campus. Photo by Louis Oppenheimer.

TIVERTON, R.I. – A new study says Tiverton's industrial park is the best place for a multitown wind farm.

The study by the East Bay Energy Consortium is scheduled to be presented to the town council on Monday.

The consortium was formed last year by the communities of Newport, Middletown, Portsmouth, Tiverton, Little Compton, Bristol, Warren, Barrington and East Providence.

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Economy
11:05 am
Fri September 24, 2010

38 Studios signs lease in Providence

One Empire Plaza has been selected as the future home of 38 Studios. Photo by Simone Landon.

PROVIDENCE, R.I. – Curt Schilling's video game company, 38 studios, says it has signed a lease to move its headquarters to Empire Street in downtown Providence. The company is currently based in Maynard, Mass.

Governor Don Carcieri hails 38 studios' decision to move to one empire plaza. He says the state's investment in 38 studios will create 450 high-paying jobs, and attract other interactive and entertainment companies to Rhode Island.

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