economy

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Did that dog bed you got at L.L. Bean 5 years ago get chewed by its occupant?  Until last week, you could just take it back and get a replacement for no charge.  The company has announced that it's changing its famous unconditional return policy that has been a part of the brand since it started more than a century ago.  The change comes as a response to the growing number of customers who have been taking advantage of the policy.

John Bender / RIPR

The Port of New Bedford is often touted as the most lucrative in North America. That’s thanks mainly to the popularity, and apparent abundance, of scallops. But the success of scallops may be masking hard times for other parts of the fishing industry.

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.

RIPR

A program designed to finance projects to make commercial buildings more energy efficient is growing in Rhode Island. 

Thirteen more municipalities are working to participate in the Rhode Island Commercial Property Assessed Clean Energy program. Fourteen other municipalities have already joined since the program launched in May 2016.

John Bender / RIPR

Providence Mayor Jorge Elorza touted new planned investments and the city’s increasingly stable financial footing during his annual State of the City address Wednesday night. Elorza announced that Providence would have its first rainy day fund since 2011 at the end of this fiscal year.

Elorza also recognized the city faces steep financial challenges. The city owes hundreds of millions of dollars in unfunded pension liabilities. 

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.

This week, Rhode Island Public Radio’s political commentator Scott MacKay joins Dave and Mark to look at the future of the Ocean State’s economy in the New Year.

Four Of Six New England States Raising Minimum Wage In 2017

Dec 30, 2016
RIPR FILE

Massachusetts' 2017 rate of $11 an hour puts it in a tie for top statewide rate in the country, along with Washington state.

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.

This week, Dave and Mark speak with Christian Cowan, center director at Polaris MEP. 

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.

This week, Dave and Mark speak with Steven King, the managing director of the Quonset Development Corporation.

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line.

This week Mark and Dave discuss the state of the 38 Studios settlements. In the latest deal, executives from the failed video game company, including former Red Sox pitcher Curt Schilling, agreed to pay $2.5 million to the state. This was the second settlement announced this month; the other was worth $25 million, with financial firms Wells Fargo and Barclays Capital.

Kristin Gourlay / RIPR

  Rhode Island is making headway growing high tech and advanced industry jobs. The state employs a little more than 40,000 full-time employees in advanced industries. Those are jobs in a wide range of areas, from software development and data crunching, to engineering and marine manufacturing.

All those jobs make up just eight percent of the region’s overall employment, but Rhode Island is growing the sector faster than the national average. In fact the state ranks 17th in annual growth for this sector.

John Bender / RIPR

The Port of Providence operator has updated its expansion plans to address concerns flagged by environmental advocates at Save the Bay. 

Ian Donnis/File Photo / RIPR

In the first six months of the year, Governor Gina Raimondo left town more than a dozen times. Here's a look at what the governor has been up to.

RIPR FILE

The state department of labor put out its monthly jobs report Thursday. The numbers show mixed news for the state.

Once burdened with one of the highest unemployment rates in the country, Rhode Island’s most recent rate stood at 5.4 percent, for the sixth consecutive month. 

That’s down about a point from the same time last year, but still more than a point higher than the national average.

The number of jobs in the state dropped by two-thousand between April and May. 

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