The month of June had shown that U.S producer prices had a slight increase, while other goods had seen a drop for the second month. This slight price increase has been reported as the smallest annual increase in producer inflation in at least 2 and a half years, with the producer price index only rising 0.1% from May.Read More
CNBC released their report on the Top States for Business for 2019, and Rhode Island was listed as the bottom state for the fifth year on the report. Some of the reasons for this were high taxes and regulations, very slow economic growth, poor infrastructure, high costs of doing business, and the high cost of living.Read More
The state of Massachusetts is looking to implement a carbon tax that would be set to $20 per ton of carbon dioxide for the first year and increase by $5 each year until it reaches a total of $40 per ton. The tax would look to raise $1.253 billion in new taxes, but also cause the state to lose #26 million in existing revenue.Read More
Southwest Airlines has joined up with Chase to offer small businesses owners a new premium credit card with an 80,000 Rapid Rewards points sign-up bonus when they spend $5,000 within the first three months. One benefit of the card is business owners can get the sign-up bonus on a business and a personal card, and have both cards.
There's a new food trailer that has made its appearance in Lincoln. Owner Mark Clemence of Mum's Donuts provides patrons with freshly made donuts and coffee and can, for now, be found at 2 Carol Drive off Powder Hill Rd in Lincoln. Mark was a construction worker for years, but is finally following his true passion.
According to a new survey by Kabbage, 80 percent of small businesses owners feel that they are prepared in the event of a recession. More than 500 businesses across the U.S and in various industries were questioned for the survey; 33 percent said they're growing their customer base and 21 percent are launching new products.
The almost $10 Billion RI State Budget was passed by the Senate with a 30-8 passing vote. The budget will now be heading to Governor Raimondo's desk for her to sign. The budget does not include all of the governor's requests including no expansion of RI Promise and no added Medicaid tax on large businesses.
Taxes are a dreaded subject that almost every business owner would like to ignore and forget about, unfortunately it is an integral part of any business. It is best for business owners to outsource their taxes to a professional firm, so they not only receive all their tax savings but help to avoid penalties as well.Learn More
According to a recent study by the National Bureau of Economic Research (NBER), they found that a $1 tax on traditional cigarettes led to an overall 1.9 percent decrease in the use of traditional cigarettes along with a 9.7 percent increase in those switching to using vaping products over regular cigarettes.Learn More
A new tree service will be opening in Lincoln. Local resident of Cumberland, John Parra, has announced he is going to be opening "Monster Tree Service of Northern Rhode Island". Parra, has many years of experience in the field, as he learned all about the business on his family's tree farm back in Brazil.Learn More