RI economy

On Politics
3:48 pm
Tue June 3, 2014

Chafee and the RI Economy: Not as bad as media myth

RI job growth

It has become a Rhode Island cliché that Lincoln Chafee is a failed governor because he hasn’t done enough to create jobs in Rhode Island’s flagging economy.  This notion has been driven relentlessly by talk radio shills and the editorial and news pages of the state’s legacy print media outlets, some of which are groping for relevance in a reshaped media environment.

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On Politics
4:26 pm
Thu April 24, 2014

Chafee, Valois, Sweitzer headed to European trade mission

Gov. Lincoln Chafee and Marcel Valois, executive director of Commerce Rhode Island, will embark on a European trade mission that will be focused on meeting with executives of companies that have expressed an interest in establishing operations in Rhode Island.

Chafee’s press office issued a statement saying that these company executive officials are interested in Rhode Island due to the state’s ``proximity to Europe, as well as the location in the busy northeast corridor and the convenience of TF Green Airport, industrial ports and rail and highway transportation systems.’’

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On Politics
4:20 pm
Thu April 17, 2014

RI Unemployment Rate Dips

Rhode Island's unemployment dipped in March, but it continues to have one of the highest rates of unemployment in the country.
Credit Aaron Read / RIPR

Rhode Island’s unemployment rate has inched down to 8.7 percent in March, an improvement, but evidence that the state trails the region and most of the nation in economic activity.

The state Department of Labor and Training reports that new data shows the seasonally adjusted rate declined from 9 percent in February and is now at the lowest rate since September, 2008.

The number of Rhode Islanders who were working increased to 506,000 in March, a hike of 2,700 from February  statistics.

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On Politics
5:27 pm
Thu January 9, 2014

House GOP Announces "Getting to 25" Initiative to Improve RI's Economy

As promised by House Minority Leader Brian Newberry, the six-member House GOP caucus is moving ahead with a 16-point plan, dubbed "Getting to 25," intended to improve Rhode Island's economy.

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On Politics
4:45 pm
Thu October 10, 2013

Rhode Island vs. Massachusetts: The Economic Myths

It seems sometimes like every Rhode Island business and political leader points to the better economy in Massachusetts. RIPR political analyst Scott MacKay looked across the state border and finds more myth than reality.

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The Bottom Line
6:00 pm
Fri October 4, 2013

The Bottom Line: Survey Finds RI Businesses Optimistic

Rhode Island businesses say they're optimistic about the state's economy and their own prospects, though they're not yet confident enough to make major capital investments.

That's according to a new survey, as RIPR host Dave Fallon learns from Providence Business News' Mark Murphy in this week's Bottom Line.

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Scott MacKay Commentary
8:43 am
Mon September 23, 2013

The Harsh Realities of Rhode Island's Economy

Jump starting Rhode Island's economy will take more than the typical statehouse spin.
Credit RIPR FILE

Rhode Island’s politicians are talking about the economy again. Rhode Island Public Radio political analyst Scott MacKay warns of a campaign cliché voters ought to view with skepticism

As predictable as the turning of autumn leaves, Rhode Island’s political campaigns will once again be filled with talk about creating jobs and jump-starting our stalled economy. Expect to hear the ancient Ocean State chestnut from the pols who’ll say, the biggest economic fear of Rhode Islanders is that their children can’t stay in our state because there aren’t enough jobs.

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On Politics
5:59 pm
Sun September 22, 2013

Some economic truths Rhode Island won't want to hear

Rhode Island’s politicians are talking about the economy again. RIPR political analyst Scott MacKay warns of a campaign cliché voters ought to view with skepticism.

As predictable as the turning of autumn leaves, Rhode Island’s political campaigns will once again be filled with talk about creating jobs and jump-starting our stalled economy. Expect to hear the ancient Ocean State chestnut from the pols who’ll say, the biggest economic fear of Rhode Islanders is that their children can’t stay in our state because there aren’t enough jobs.

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Business
3:15 pm
Mon September 16, 2013

URI Prof: Signs Show an Improving RI Economy

A University of Rhode Island economics professor who tracks the state’s economy every month finds it was in good shape for the month of July.

Professor Leonard Lardaro says nine of 12 indicators he tracks are in positive territory.  The only lagging indicators are government employment, the size of the labor force and new claims for unemployment.

Overall, Lardaro said we’re heading into the second half of the year in a fairly strong position.

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On Politics
7:55 pm
Wed September 11, 2013

Marcello says The Truth on 38 Studios is Out There; MacBeth to Push for Subpoena Power

House staffers testify before the Oversight Committee about documents obtained from the EDC.
Credit Ian Donnis / RIPR

State Representative Karen MacBeth (D-Cumberland) wants the House Oversight Committee to use its subpoena power to extract documents and compel appearances by key figures in Rhode Island's losing investment in failed video game maker 38 Studios.

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