Providence Business News

NEWPORT – Communities on Aquidneck Island is getting $19.2 million in federal funding for roadway, bicycle, and pedestrian safety improvements, according to Rhode Island congressional Democrats Sens. Jack Reed and Sheldon Whitehouse and Rep. Gabe Amo.  Funded through the Bipartisan Infrastructure Law’s Safe Streets and Roads for All program, the grant will address sidewalk gaps ...

PROVIDENCE – The R.I. Commerce Corp. board of directors on Monday awarded $8 million in Qualified Jobs Tax Credits and Innovation Voucher incentives to seven companies, including $6.2 million in tax credits for Raytheon to support the creation of 150 new jobs at its Portsmouth campus. Earlier this month Raytheon, a division of RTX Corp., announced it […]

WASHINGTON (AP) – U.S. job openings stayed at a surprisingly strong 7.6 million in May as the American labor market remains resilient in the face of the economic shock from the Iran war. Forecasters had expected employers to post just 7 million openings in May. Layoffs rose, and the number of people quitting their jobs […]

WESTERLY – The Washington Trust Co. said it expects to help finance 37 home purchases this year through a mix of federal grant programs and Rhode Island’s AnchorHome mortgage initiative, as affordability challenges continue to squeeze prospective buyers across the region. On Monday, the bank said the home purchases – spread across Rhode Island, Massachusetts […]

PROVIDENCE – Bank of America Corp. is expanding its Museums on Us program to 250 cultural institutions nationwide and offering cardholders free admission during the upcoming Fourth of July weekend as part of its America 250 initiative. Eligible Bank of America, Merrill and Private Bank cardholders will receive free general admission to participating museums and […]