Projo Biz Blog

September 20, 2009 - September 26, 2009 Archives


RI farmers can apply for new disaster assistance programs

2:17 PM Fri, Sep 25, 2009 | | Write a comment
By Jack Perry    Email

By Andy Smith Journal staff writer Rhode Island farmers may now apply for benefits under two disaster assistance programs authorized in a 2008 federal farm bill. Paul Brule, state executive director of the U.S. Department of Agriculture's Farm Service Agency......

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Young Rhode Islanders to get career advice

8:31 AM Fri, Sep 25, 2009 | | Write a comment
By Business staff    Email

About 30 Rhode Islanders will get career advice from human resource experts at an event on Friday called YouthWorks411 Résumé Café. The students, aged 16 to 24, will participate in mock interviews and resume critiques, and meet with representatives from......

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RI Senate to study small business issues

2:55 PM Thu, Sep 24, 2009 | | Comments (1)
By Business staff    Email

A Senate task force has been created by Senate Pres. Teresa Paiva Weed, (D-Newport) to improve state government's interaction with small businesses. The first meeting will be held Tuesday at 2 p.m. in Room 313 at the State House. The......

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Textron's CEO-elect plans acquisitions

12:33 PM Thu, Sep 24, 2009 | | Write a comment
By Business staff    Email

Providence-based Textron, maker of Cessna planes and Bell helicopters, may expand beyond aerospace and defense once its loss-making finance unit has wound down and debt levels are reduced, Chief Executive Officer-elect Scott Donnelly told Bloomberg News. "The primary focus we......

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North Kingstown company makes fast-growing list

12:18 PM Thu, Sep 24, 2009 | | Write a comment
By Business staff    Email

AmazingCharts Inc., a developer of electronic medical record systems, was named the fastest growing private company in Rhode Island by Inc. Magazine's list of the "5000 Fastest Growing Private Companies in America." With three-year sales growth of 277%, AmazingCharts.com ranked......

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Swine flu alert: RI. health director tells businesses to plan for the worst

5:43 PM Wed, Sep 23, 2009 | | Write a comment
By Peter Phipps    Email

WARWICK, R.I. -- State Health Director David R. Gifford has been urging businesses for the past month to prepare early for the swine flu by revising sick leave policies and developing plans to cover operations should many employees call in......

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RI jobless would benefit from House-passed bill

8:21 AM Wed, Sep 23, 2009 | | Write a comment
By Business staff    Email

Jobless workers nationwide, including several thousand in Rhode Island, would benefit from a bill approved Tuesday by the U.S. House of Representatives that would extend unemployment benefits for 13 weeks. The House voted 331 to 83 for the bill that......

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Hasbro plans to capture Russian toy market

8:17 AM Wed, Sep 23, 2009 | | Write a comment
By Business staff    Email

By Business Staff Pawtucket-based Hasbro said Wednesday it has opened an office in Moscow and called Russia one of its "key markets'' as demand for toys and games grows there. Russia generated about 2 percent of Hasbro's sales in Europe......

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Quonset agency applies for stimulus funds

5:30 PM Tue, Sep 22, 2009 | | Write a comment
By Business staff    Email

By Alex Kuffner Journal Staff Writer In a continuing push to develop the Quonset Business Park, the state has applied for $45 million in federal stimulus money to improve roads, railways, piers and terminals. The Quonset Development Corporation is planning......

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R.I. port commission considers development plan

3:42 PM Tue, Sep 22, 2009 | | Write a comment
By Business staff    Email

BY Alex Kuffner PROVIDENCE, R.I. -- A legislative commission studying Rhode Island's ports will consider drafting a strategic plan to guide future economic development at Quonset Point, the Port of Providence and other coastal locations. In an interim report issued......

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Reed files bill to regulate exotic financial products

3:36 PM Tue, Sep 22, 2009 | | Write a comment
By Business staff    Email

U.S. Sen. Jack Reed, D-RI, on Tuesday introduced legislation to set up a new regulatory framework to tighten controls on derivatives, the exotic financial contracts that analysts said contributed to the huge losses last year on Wall Street. Derivatives are......

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Study: RI tax climate among the worst for businesses

2:36 PM Tue, Sep 22, 2009 | | Write a comment
By Neil Downing    Email

By NEIL DOWNING Journal Staff Writer From a tax standpoint, Rhode Island's business climate remains among the 10 worst in the country - though it improved a bit compared with last year, according to a Washington, D.C., group that monitors......

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State awards renewable energy grants to 4 companies

12:41 PM Tue, Sep 22, 2009 | | Write a comment
By Jack Perry    Email

By Alex Kuffner Journal staff writer PROVIDENCE, R.I. -- The state Economic Development Corporation has awarded four private companies grants to fund renewable energy projects. The EDC's board of directors voted Monday in favor of the grants from the state......

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Recession cuts construction jobs in US and RI

8:27 AM Tue, Sep 22, 2009 | | Write a comment
By Business staff    Email

The loss of 3,100 construction jobs in Rhode Island in the last year is part of a national trend in which 48 states reported declines in construction jobs for the 12-month period that ended in August, according to a report......

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Hasbro signs licensing deal with software developer

8:14 AM Tue, Sep 22, 2009 | | Write a comment
By Business staff    Email

Pawtucket-based Hasbro, Inc.has signed a licensing deal with Lightning Gaming to allow the Philadelphia-based software developer to create gaming machines based on the Scrabble game for casinos and entertainment venues. Terms were not disclosed......

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RI poverty rate now highest in New England

5:52 PM Mon, Sep 21, 2009 | | Comments (1)
By Business staff    Email

More than 3 percent of Rhode Island's population -- some 33,000 men, women and children -- fell into poverty in 2008 as the recession tightened its grip on the Ocean State, according to recent figures from the U.S. Census Bureau.......

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RIPTA awarded $345,000 grant for light fixtures

3:31 PM Mon, Sep 21, 2009 | | Write a comment
By Business staff    Email

PROVIDENCE, RI: _ The Obama Administration announced that the Rhode Island Public Transit Authority was awarded a $345,000 grant to install efficient compact fluorescent light fixtures at four facilities. RIPTA's proposal was among 43 winning projects selected for $100 million......

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RIPTA wins $345,000 federal grant for green lighting

3:15 PM Mon, Sep 21, 2009 | | Write a comment
By Alan Rosenberg    Email

PROVIDENCE, RI: _ The Obama Administration announced that the Rhode Island Public Transit Authority was awarded a $345,000 grant to install efficient compact fluorescent light fixtures at four facilities. RIPTA's proposal was among 43 winning projects selected for $100 million......

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Green-jobs training in Providence set to start

12:11 PM Mon, Sep 21, 2009 | | Write a comment
By Pamela Reinsel Cotter    Email

By Alex Kuffner Journal staff writer PROVIDENCE -- City officials gathered beside a community garden in Providence Monday morning to celebrate a new green-jobs training program. The eight-week program created by Groundwork Providence and the Providence Housing Authority will train......

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Update: Gas prices fall further, but heating oil prices rise

10:35 AM Mon, Sep 21, 2009 | | Write a comment
By Neil Downing    Email

The price of gasoline has dropped a bit, but the price of home heating oil has jumped, according to the results of a survey Monday by the Rhode Island Office of Energy Resources. The average price of regular, self-serve gas......

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Providence company begins restructuring vote

8:23 AM Mon, Sep 21, 2009 | | Write a comment
By Business staff    Email

Providence-based NTK Holdings Inc. and Nortek Inc. said Monday the companies have begun a solicitation of votes from their creditors for a prepackaged reorganization plan that will eliminate about $1.3 billion in debt. Under terms of a previously-announced agreement, Nortek's......

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