As we all know, Rhode Island has been hard hit by the economy and if that weren't enough, last years floods didn't help our efforts at all. Providence Business News reports that Rhode Island’s economy resumed its expansion in December, URI's economist Leonard Lardaro said as his economic index climbed to match its highest level of 2010 - great news.
"Lardaro’s Current Conditions Index rose to 58 in December, up from 50 in November and 42 in October. The index last peaked at 58 between June and September. December’s 58 reading was a significantly higher than the 33 recording a year earlier. Lardaro said seven of the 12 indicators improved compared with December 2009, including single-family house permits, retail sales, total manufacturing hours, manufacturing wage, unemployment rate and unemployment benefit exhaustion."
More great news for this state is that Providence has been listed as one of seven cities that has caught "start up" fever. Many companies are starting out in this state and much of that can be credited to Rhode Island School of Design’s graphic-design program and Brown’s computer-science department. Jack Templin is featured in the February DETAILS issue.
As a marketing strategy services and fulfillment outsourcing firm based in Rhode Island, this all brings a smile to our faces. Things are looking up and that's a great way to start 2011.