In 2008, few new businesses in Rhode Island
4:30 PM Fri, Jan 09, 2009 | Permalink
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New data from the secretary of state's office reveals a deep decline in new businesses moving into Rhode Island last year, the sharpest drop since the state began keeping records more than a decade ago. The number of new business registrations last year (7,138) was down 9 percent from 2007, the most extreme decline since at least 1996. In that period, the number of new businesses rose every year except in 2005, when the total fell by less than 1 percent. "This stood out," Secretary of State A. Ralph Mollis said in an interview today. For more business news, visit the Projo Biz Blog. 
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