Rhode Island Business News

Vertex Pharmaceuticals Announces Layoffs Amid Program Closure

News Summary Vertex Pharmaceuticals has revealed plans to lay off 125 employees at its Providence site due to the discontinuation…

2 weeks ago

Rhode Island Health Insurance Rate Hikes Proposed for 2026

News Summary Health insurance companies in Rhode Island are seeking significant rate increases for 2026, with proposals ranging from 20%…

2 weeks ago

Rhode Island’s $14.3 Billion State Budget Unveiled with Tax Changes

News Summary Rhode Island lawmakers have proposed a $14.3 billion budget for the fiscal year 2025-26, which includes various tax…

2 weeks ago

Rhode Island Proposes New Tax on High-End Properties

News Summary Rhode Island is considering a new tax targeting non-owner-occupied vacation homes valued over $1 million, dubbed the 'Taylor…

2 weeks ago

Veolia North America Takes Over Jamestown Water Treatment Plant Operations

News Summary Veolia North America has secured a three-year contract to operate the Jamestown Water Treatment Plant in Rhode Island,…

2 weeks ago

Vertex Pharmaceuticals Announces Layoffs in Rhode Island

News Summary Vertex Pharmaceuticals has revealed plans to lay off 125 employees in Rhode Island, effective August 5, as the…

2 weeks ago

Rhode Island Real Estate Market Hits Record High

News Summary Rhode Island's real estate market has seen a remarkable surge, with the median price of single-family homes reaching…

2 weeks ago

Vertex Pharmaceuticals to Lay Off 125 Employees in Rhode Island

News Summary Vertex Pharmaceuticals has announced the layoff of 125 employees in Providence, Rhode Island, as part of a consolidation…

2 weeks ago

Rhode Island’s Credit Rating Upgraded to AA+ by Fitch

News Summary Rhode Island's creditworthiness has improved as Fitch Ratings upgraded the state's Long-Term Issuer Default Rating from 'AA' to…

2 weeks ago

Rhode Island Sees $240 Million Economic Boost from Airbnb in 2024

News Summary In 2024, Airbnb contributed significantly to Rhode Island's economy, injecting $240 million and supporting around 3,000 jobs. The…

2 weeks ago