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Offshore wind firm cancels N.J. projects, as industry’s prospects dim

High inflation and soaring interest rates are making planned projects that looked like winners several years ago no longer profitable.

Latest R.I. Business Headlines

FOOD & DINING NEWSLETTER

Coffee has a serious carbon footprint. One R.I. brand is trying to do things differently.

The Lil’ Rhody Coffee Company is working to accelerate the industry’s adoption of sustainable energy, and cutting out fossil fuels when roasting.
RI BUSINESS

Pharmacy workers at CVS, Walgreens, Rite Aid start 3-day walkout

This week’s work action is the third strike by pharmacy employees in the last month, and comes as tension between pharmacists and their corporate employers has been mounting.
RHODE MAP

Biden – and Raimondo – tackle artificial intelligence

It's AI Week for President Biden's administration, which means yet another key area where US Commerce Secretary Gina Raimondo may be thrust into the spotlight.

INNOVATOR Q&A
Using art, nonprofit leader teaches kids to empower themselves
Gail Ahlers is the executive director of The Empowerment Factory, a nonprofit in Pawtucket, R.I., that develops art and literacy enrichment programs for low-income families.

Janitors at buildings across Mass. and R.I. vote to authorize a strike
The union has been in contract negotiations with representatives of the Maintenance Contractors of New England for the last few months.

Golf
An LPGA tournament is the latest addition to Boston’s women’s professional sports scene
“Boston is quickly becoming a dynamic home for women’s sports," LPGA commissioner Mollie Marcoux Samaan said. "We are thrilled to join this incredible movement."

RI BUSINESS
Potential industry slowdown in toy sales weighs on shares of Hasbro and Mattel
The company cut its full-year revenue outlook again as signs of a possible industry slowdown in toy sales heading into the holiday season weighs on jittery investors.

More Rhode Island Business Headlines

RI REPORT + RI PBS

Podcast: Folk singer Chance Emerson on building his music career in New England

On the Rhode Island Report podcast, folk-rock singer and songwriter Chance Emerson talks about Providence’s music scene, his latest album, and juggling fame and college.

RI DEVELOPMENT

In Warren, a vacant 1847-era school could be preserved and redeveloped. But neighbors are fighting the project’s plans.

The 10 Liberty St. project would be the site for 25 new residential units. Seven of the units would be considered affordable.

Massachusetts, 40 other states sue Instagram over child marketing

Rhode Island and New Hampshire are also part of the legal action accusing the company of designing its apps to addict younger users.

Here’s what you need to know about the Instagram lawsuits

The multi-state investigation began in November of 2021, and has focused on how the popular Meta-owned app affects kids.

RHODE MAP

🌊 The Ocean State wins some love (and maybe a bunch of money) from President Biden

Rhode Island and Massachusetts were designated one of 31 tech hubs nationally, focusing on undersea technology, manufacturing, composites, and ocean engineering.

FOOD & DINING NEWSLETTER

In a growing beer scene, 6 unique brews from around R.I.

Beer collaborations have become a big part of the brew business, pushing new partnerships among beverage creators, or with chefs, farms, and other brands.

RI HOUSING

How did things get so bad at Canterbury Village in North Providence?

Nearly 80 people were evicted after the city condemned the property. Residents accuse the condominium complex’s property management company of negligence — and the company’s president and his wife controlled the condo association’s board.

RI BUSINESS

Lifespan, largest hospital owner in R.I., could change name in expanded partnership with Brown University

Executives at Lifespan have been in talks to “rebrand” and further include the name of Brown University for months.

RI Business Briefs

Rhode Island business news: March 2022