New Bedford has one of the lowest shares of residents working remotely of any city in the United States, according to an analysis of new data from the Census Bureau. The Bay Area Council Economic Institute report found only 6 percent of New Bedford’s residents worked from home last year, a proportion that pales in […]
Business
Posted inArticle, Business
The legacy of a Rhode Island manufacturing giant and its “unlikely” leader
Rhode Island lost a giant in the state’s manufacturing history when Henry “Hank” Sharpe Jr. passed away earlier this month.
Posted inArticle, Arts And Culture, Business
Henry Sharpe, Rhode Island philanthropist and manufacturing leader, dies at 99
Henry “Hank” Sharpe, Jr., philanthropist and longtime president of the Brown & Sharpe Manufacturing Company, passed away Friday in Maine at 99 years old, his family said Thursday. Born in Providence in 1923, Sharpe was a graduate of Brown University and a Navy veteran of World War II. He took the helm of the well-known […]
Posted inArticle, Business, Environment, South Coast Bureau
America’s biggest scallopers want changes to regulations preventing consolidation
New England’s fishing regulators are weighing whether the owners of scallop vessels should be allowed to lease out their access to scallop grounds.
Posted inArticle, Business
Fidelity Investments expected to bring 1,000 new jobs to Rhode Island
Rhode Island is benefiting from a major hiring surge at Fidelity. The investment management firm says it plans to add nearly 1,000 jobs at its Smithfield campus this year.
Posted inArticle, Business
High gas prices not expected to impact summer travel in Rhode Island
Triple A Northeast says Rhode Islanders haven’t changed their driving habits significantly because of the recent surge in gas prices. If that continues, it could mean good news for the approaching summer tourism season.
Posted inArticle, Business, Environment, Politics
Governor announces bill to procure enough offshore wind contracts to power half of R.I.
Rhode Island Governor Dan McKee unveiled legislation today that would more than double the amount of power the state has agreed to purchase from offshore wind farms being developed off the southern coast of Martha’s Vineyard. If passed by the state legislature, the bill would require Rhode Island’s utility providers to buy another 600 megawatts […]
Posted inArticle, Business
Rhode Island economy not expected to benefit from increase in defense spending
Military manufacturing experts say the war in Ukraine will not likely have a significant impact on defense production in Rhode Island.
Posted inArticle, Business
‘Let’s hope that we’re ready’: URI economist says Rhode Island should be able to withstand the economic impact of Russia’s invasion of Ukraine
The effects of the Russian invasion of Ukraine are being felt across the global economy, including right here in Rhode Island. URI economist and author of the Rhode Island current conditions index Len Lardaro says the impact has been especially hard on families, small businesses and the state’s manufacturing sector. But despite the challenges, Lardaro thinks the state’s $1.1 billion share of federal pandemic relief money will help stimulate overall growth in 2022. Reporter Joe Tasca spoke with Lardaro about Rhode Island’s economic outlook.
Posted inArticle, Business
Massachusetts court puts sale of Narragansett Electric on hold
The proposed sale of Narragansett Electric is on hold, after the Massachusetts Supreme Judicial Court put a stay on the deal. National Grid currently owns the utility, which provides electrical service to nearly all Rhode Island customers, and gas to much of the state. National Grid has been seeking to sell Narragansett Electric to Pennsylvania-based […]