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 talk with Henry Diamond, president and co-founder of Pathway Capital Partners LLC of Providence. They look at a process that is new in Rhode Island to attract foreign investment to state-based projects. It’s called the EB-5 Immigrant Investors Program.
The secretary of state’s office will hold a lottery Friday to determine the ballot placement of names for a special primary election in Woonsocket. Four candidates are competing in the January 21st primary for the state rep seat formerly held by state Rep Lisa Baldelli-Hunt.
Baldelli-Hunt resigned her state rep seat after winning election as mayor of Woonsocket last month. The primary election could decide who succeeds Baldelli-Hunt, since the four candidates are all Democrats.
Making ends meet is about to get harder for thousands of Rhode Island families who will lose their unemployment benefits Saturday. Those taking the hit are the long-term unemployed.
Congressional failure to renew the Emergency Unemployment Compensation program will result in the loss of benefits to 1.3 million Americans starting tomorrow. In Rhode Island, six thousand long-term unemployed individuals will lose their weekly checks. In the first six months of 2014 another nine thousand will join their ranks.
Rhode Islanders looking to get into the marine trades industry can apply for a free training program. Every graduate from the last round of training landed a job.
The Rhode Island Marine Trades Association held its first round of training over the summer, and every graduate found a job within 30 days of graduation. So the trade association is doing it again, offering a free, full-time, five-and-a-half-week course.
One way to reduce your carbon footprint is to donate or repurpose your old clothes and other rags. Textile recycling has a greater impact on reducing greenhouse gas emissions than you might think.
Representatives with the nonprofit Secondary Materials and Recycled Textiles said clothing and textiles are not typically considered recyclable products. But they estimate 95 percent of all clothing and other household textiles can be recycled and repurposed, as long as they are clean and dry.
Gas prices are up a penny from last week in both Rhode Island and Massachusetts. Drivers have seen gas prices climb by 9 cents over the last month in both the Ocean State and the Bay State, that’s according to the latest survey from AAA Southern New England.
In Rhode Island, the average price for a gallon of regular unleaded is $3.52. It’s cheaper in Mass, at $3.44 a gallon. AAA urges drivers in both Rhode Island and Massachusetts to shop around, since the range in gas prices is about a quarter.