economy

RIPR FILE

This month, the number of Rhode Islanders seeking help from a statewide network of food pantries has declined. It’s the first decline, says Rhode Island Community Food Bank spokeswoman Cindy Elder, since the beginning of the economic recession in 2008.

“It’s not quite a reason to rejoice because we’re still really at remarkable high levels of need for food assistance.”

Rhode Island will receive nearly $2 million in relief funds to help fishermen hit by sharp cuts in catch limits.

Ian Donnis / RIPR

Providence tech startup Swipely, which has grown significantly since it was launched in 2009, says a new infusion of $20 million in venture capital funding will enable it to continue expanding a small spark of Silicon Valley in Rhode Island.

"The intent is to use those funds to continue to aggressively growing the team in all our areas, including our engineering team, our marketing and sales team, and other departments within the company," Swipely founder Angus Davis said during a news conference Thursday morning.

West Warwick Residents Approve Critical Budget

May 23, 2014
Wikimedia Commons

Residents of West Warwick have passed a town budget that scales back services and raises taxes as part of an effort to avoid a financial crisis.  The move is a early step for the town's path to fiscal stability.

The $86.3 million budget comes with plenty of concessions, including cuts in town programs, a 2.9 percent increase in property taxes, and reductions to public employee pensions. But town manager Frederick Presley said the concessions are necessary if West Warwick wants to avoid bankruptcy.

Ian Donnis / RIPR

Democratic gubernatorial candidate Clay Pell unveiled Wednesday his plan for improving Rhode Island’s economy, as part of the first in what he said will be a series of forthcoming policy initiatives.

In broad strokes, Pell said if elected governor he would focus on improving the state's public schools, strengthening infrastructure, and leveraging Rhode Island's assets.

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