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News for Economic
Thursday, September 19, 2024Rhode Island-Based Jobs Rose by 300 from July; August Unemployment Rate Increased to 4.6 Percent CRANSTON, R.I. – Jobs at Rhode Island businesses rose by 300 jobs in August as the state’s unemployment rate increased by one-tenth of a percentage point to 4.6 percent. Over the year, jobs were up 4,200 from August 2023, and the unemployment rate was up one and seven-tenths percentage ...read moreCategories: Economic, General News ArticleMonday, July 08, 2024Final 2024 Legislative Wrap-up In this last 2024 edition of Advocacy in Action, we provide you with a list of bills that have become law in 2024, along with the effective dates of the new laws. Your Chamber was very engaged, tracking just over 400 pieces of legislation, and providing testimony on many of them verbally or in writing. This year is an election year. We encourage you to register and ...read moreCategories: Economic, General News Article, PoliticalMonday, April 29, 2024Last Week At the State House The Senate Labor Committee passed two bills of particular note, sending them to the Senate floor for a vote Tuesday, April 30th. S.2123 SubA, An Act Relating to Labor and Labor Relations – Payment of Wages, was amended by the committee. Today employers must include with wage payments, an account of the hours worked, deductions from gross earnings and an ...read moreCategories: General News Article, Economic, PoliticalWednesday, April 17, 2024Legislative Break April 15 – 20 The General Assembly is on vacation break this week. They will return April 23rd for the third phase of the session. This last phase is marked with the development and passage of the final budget which should take place in June. The House and Senate Finance Committees have almost completed hearings on the Governor’s proposed budget. They will now wait for the ...read moreCategories: Economic, Political, General News ArticleTuesday, April 09, 2024PRESS RELEASE Governor McKee, DEM, CRMC and RIIB Announce Availability of Nearly $4M in Grants for Resilience Projects to Protect Coastal Habitat Shoreline Access on Public Lands PROVIDENCE, RI – Governor Dan McKee, the Rhode Island Department of Environmental Management (DEM) and the Rhode Island Coastal Resources Management Council (CRMC) are jointly soliciting project proposals for ...read moreCategories: General News Article, Economic, PoliticalMonday, April 08, 2024Call to Action – Now is the Time! The Chamber Needs Your Help! The Chamber is asking you to contact your State Representative and State Senator and let them know how H.7171 and S.2121 will affect your business. H.7171, An Act Relating to Labor and Labor Relations – Temporary Disability Insurance, (S.2121 is the identical bill) increases the weekly dependance allowance provided under ...read moreCategories: Economic, General News Article, PoliticalMonday, April 01, 2024Last Week At the State House S.2121, the Temporary Caregiver bill, passed the Senate Floor 31- 3. Minority Leader Jessica de la Cruz, Senator Anthony DeLuca and Senator Thomas Paolino voted against the bill. Absent from the vote were: Senator Elaine Morgan, Senator Louis Raptakis and Senator Gordon Roberts. The bill is now on its way to the House Labor Committee. While the bill passed the ...read moreCategories: General News Article, Economic, PoliticalMonday, March 25, 2024*** ACTION ALERT *** In a recent conversation with Legislative Leaders about legislation that could harm the business community, they remarked that they don't hear enough from business owners like you at the State House. The Chamber realizes that it is difficult to come to the state house and sit through a hearing because you are busy facing the challenges of running a business. However, you ...read moreCategories: General News Article, Press Release, Economic, PoliticalMonday, December 11, 2023BankNewport Named Top SBA 504 Third-Party Lender in Rhode Islandfor Sixth Consecutive YearFiscal Year 2023 Title is BankNewport’s 12th in 13 Years NEWPORT, R.I. (December 8, 2023) – BankNewport was recently recognized by the U.S. Small Business Administration’s Rhode Island district office as the top 504 Third Party Lender of the Year for Fiscal Year 2023. BankNewport has earned this ...read moreCategories: Economic, General News Article, Press Release