Rhode Island

GoLocalProv | Business | National State Economic Ratings: RI is Now Third Tier in U.S. as MA Moves Up to #3 in New Report

Published

1 year ago

June 5, 2023

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GoLocalProv | Business | National State Economic Ratings: RI is Now Third Tier in U.S. as MA Moves Up to #3 in New Report

Monday, June 05, 2023

GoLocalProv Business Team

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PHOTO: Tim Mossholder, Unsplash

The Rhode Island economy is now ranked in the bottom third of the country and has fallen far behind both Massachusetts and Connecticut, according to a new report released on Monday.

For best performers, the study ranks Massachusetts behind only Washington and Utah; the worst-ranked state is West Virginia.

For Rhode Island, the ranking is more sobering. Rhode Island is ranked 38th overall and behind all other New England states except Maine.

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New Hampshire is ranked #23, Connecticut #24, Vermont #30, and Maine #42.

About Rankings

“In order to determine which states are pulling the most weight even during this time of economic difficulty caused by inflation, WalletHub compared the 50 states and the District of Columbia across 28 key indicators of economic performance and strength. Our data set ranges from GDP growth to startup activity to the share of jobs in high-tech industries,” said the report.

There are some unique elements to Rhode Island’s ranking:

– RI has the 4th highest state surplus per capita

– Rhode Island ranks 4th worst for the average educational attainment of recent immigrants

– Overall, Massachusetts ranks #1 in “innovation potential,” and Rhode Island ranks 30th

URI Economist Lardaro’s Index Shows RI’s Economy Stabilizing
Lardaro: Economy Improves, But Recovery Is Uncertain
U.S. Economy Added 678,000 Jobs in February
“Recommend RI” and Help State’s Economy Bounce Back From Pandemic
U.S. Economy Shrank in First Quarter of 2022 After 2021 Expansion
Employment Numbers Bounce Back: U.S. Economy Added 531,000 Jobs in October
U.S. Economy Growth Slows to 2% Annualized Rate in Third Quarter
Failure to Get Country Vaccinated Is Now Hitting the U.S. Economy
Management Skills You Need to Succeed in New Economy: PC School of Continuing Education LIVE
40,000 Rhode Islanders Will Lose $300 Per Week in September. Hit to State’s Economy? $50M a Month
EDITORIAL: One RI Business Leader Stands Up and Fights to Restore the Economy
U.S. Economy Adds 390,000 Jobs in May, Exceeds Economists’ Expectations
URI Economist Says “Evidence of Some Slowing” in RI’s Economy
Top URI Economist “Increasingly Concerned” About RI Economy
Double Trouble Economic News In RI – Slowing Economy and Less Competitive Tax Climate
Whitcomb: Cicilline’s New Job; Carter’s Career; No Bottom; ‘Nightlife Economy’
U.S. Economy Added 311,000 Jobs in February
Where Is Rhode Island’s Economy Going — It Depends on Who You Ask
Top URI Economist: RI’s Economy Is Slowing
Whitcomb: Sending Schools Back to School; Vote Yes on #1; Eateries; Housing Nimby’s vs. the Economy
Is Rhode Island’s Economy Improving—or Headed Toward a Recession
Big Jobs Numbers — U.S. Economy Adds 528,000 in July
U.S. Economy Expands at 2.6% in Third Quarter After 2 Quarters of Negative Growth
RI’s Economy Continues to Improve, But Employment Growth Slows in Q3, Says RIPEC
Federal Reserve Boston Issues Report on Region’s Economy — It’s More Positive Than One Might Think

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Rhode Island

Car crashes into pole in front of Rhode Island State House | ABC6

Published

5 hours ago

November 29, 2024

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Car crashes into pole in front of Rhode Island State House | ABC6

A car that crashed in front of the Rhode Island State House on Nov. 29, 2024. (WLNE)

PROVIDENCE, R.I. (WLNE) — A car crashed into a pole in front of the Rhode Island State House on Friday.

The Providence Police Department said that the 70-year-old driver was believed to have suffered a medical emergency prior to the crash.

They were transported to the hospital.

ABC 6 News crews on scene saw a damaged vehicle alongside fire and police personnel.

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Rhode Island

RI residents head out bright and early for Black Friday | ABC6

Published

13 hours ago

November 29, 2024

Press Room

RI residents head out bright and early for Black Friday | ABC6

WARWICK, R.I. (WLNE) — The Black Friday rush started bright and early for some Rhode Island residents following the Thanksgiving holiday.

An estimated 36% of Americans were expected to make a purchase today, with an average of $480 spent overall.

Big malls like Warwick Mall, Emerald Square in Attleboro, and the Wrentham Outlets were open for Black Friday shopping, starting at 6 a.m. and 7 a.m.

Other shopping centers like Garden City in Cranston, and Providence Place Mall opened for shoppers at 8 a.m. and 9 a.m.

Here are the Black Friday store hours for some prominent national chains that may vary by location:

Best Buy stores: 6 a.m. to 10 p.m.

Dick’s Sporting Goods: 6 a.m. to 10 p.m.

Home Depot and Lowe’s: 6 a.m. to close

JCPenney and Kohl’s: 5 a.m. to close

Macy’s stores: 6 a.m. to 11 p.m.

Sephora stores: Some will open early and/or stay open late.

Most Target stores: Will open at 6 a.m.

Walmart stores: Will be open from 6 a.m. to 11 p.m.

ABC6 was live at the Warwick Mall with shoppers who made their way in and out as they grabbed their Black Friday deals.

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Rhode Island

Rhode Island basketball completes two-game sweep at Jacksonville Classic. Here’s how

Published

21 hours ago

November 29, 2024

Press Room

Rhode Island basketball completes two-game sweep at Jacksonville Classic. Here’s how

Rhode Island notched its seventh straight win of the season, beating Texas-Arlington 83-78 on Thanksgiving Day. The team is off to its best start in 44 years.

The Rams (7-0) defense made three straight stops in the game’s final two minutes, and Sebastian Thomas and Javonte Brown each hit both ends of a 1-and-1 to put URI ahead 81-75. UT Arlington got a 3-pointer from Brody Robinson, but that was all the scoring the Mavericks could muster as Rhody completed a two-game sweep at the Jacksonville (Fla.) Classic. Rhode Island beat Detroit Mercy on Wednesday.

Thomas and Jamarques Lawrence each scored 18 points to lead Rhode Island. Thomas also had four steals and three assists, while Lawrence a career-high seven assists with five rebounds. David Green added 15 points, three rebounds and two assists before fouling out.

The victory set a URI program record by winning its seventh game before the end of November. (The previous high was six wins, when the Rams were 6-3 in 2013-14). The last time URI opened the season 7-0 was 1980-81 under coach Claude English, who led the Rams to a 21-8 record that year and a spot in the National Invitational Tournament.

Rhode Island will be back in action on Monday when it hosts Yale at the Ryan Center at 7 p.m. (ESPN+).

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