economy

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday they look at business news and themes that affect local business and the public.

This week Dave and Mark pour over the latest PBN survey of local businesses. PBN has been conducting the survey since 2008, and this one is more optimistic than in years past: it finds more businesses expect to hire in the coming year and capital investment is up.

Ian Donnis / RIPR

Second District Congressman Jim Langevin joins Political Roundtable this week to discuss President Obama's State of the Union address; Clay Pell's entry in the Democratic primary for governor; and his re-election battle with Republican Rhue Reis. 

Ian Donnis / RIPR

In the governor's race Republicans are responding to Democratic proposals to raise the state’s minimum wage.

It’s an issue that’s dividing candidates along party lines.

Providence Mayor and Democratic Gubernatorial candidate Angel Taveras was the first to give specifics about a plan to hike the minimum wage.

He’s proposing a two-dollar ten cent increase over the next four years; from eight dollars to ten-dollars ten cents by 2018.

Fellow Democratic candidate for governor, and state treasurer Gina Raimondo wants to see the same increase, but by 2015.

RIPR FILE

Political and business leaders are meeting in a couple events Tuesday looking at how to rev up the state’s economy.

The first event is a roundtable centered on the national issues, such as patents, facing the state’s innovation industry, and how this industry can help boost Rhode Island’s struggling economy.

Both Senator Jack Reed and Sheldon Whitehouse will attend the roundtable, along with Congressman David Cicilline.

The Rhode Island Association of Realtors says home sales were down eleven percent in the state during during November as compared to 2012.

The Realtors' Association says the decline in sales was the most significant lull in the past thirty months.

They say sales were likely down thanks in part to the federal government shutdown in October, and rising interest rates.

However, the median home price in Rhode Island was up three percent at $201,000.

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