Eric Goetz Custom Sailboats, of Bristol, R.I., was petitioned into receivership, effective Jan. 6. The receivership was the result of ongoing cash flow problems caused by the company’s inability to obtain refinancing and by the termination of a construction contract by one of the company’s international customers, according to the company.
More: http://tinyurl.com/765h2b
Source: Soundings Trade Only
Capital One has pulled out of marine retail lending, according to Jim Coburn, vice president of consumer lending at Flagstar Bank and president of the National Marine Bankers Association.
More: http://tinyurl.com/8ep8z7
Source: Soundings Trade Only
Gov. Donald L. Carcieri tonight unveiled a mid-year state budget package that calls for a $153.89 million cut in local aid, assumes $54 million in savings from pension reforms and eliminates more than 490 vacant jobs as part of an effort to close a projected $357.4 million shortfall.
http://www.pbn.com/stories/37167.html
Source: Providence Business News
The R.I. Department of Transportation (DOT) yesterday started the process to sell by the end of 2009 the former Shooters nightclub parcel along Narragansett Bay in Fox Point. The parcel is one that East Side neighborhood advocacy groups would like to use to increase public access to the city’s waterfront.
More: http://www.pbn.com/stories/37161.html
Source: Providence Business News
Partners in Maine’s North Star Alliance Initiative plan to launch an outreach campaign Wednesday aimed at young state residents looking for career opportunities in the marine trades, including the boatbuilding and composites industries.
More: http://tinyurl.com/7kllgr
Source: Soundings Trade Only
Dear Rhode Island Marine Trades Association member,
On behalf of RIMTA, I am pleased to tell you about a new member benefit program, specifically designed to save you money on all your office supply needs. We are proud to announce our “new” strategic partnership with Staples Business Advantage.
Members of RIMTA can conveniently order office supplies through Staples Business Advantage’s award-winning Website, www.stapleslink.com and qualify for business discounts on more than 30,000 products.
Benefits of the Staples Business Advantage program include:
The International Yacht Restoration School in Newport, R.I., will host a session on career opportunities in the marine industry next week.
More: http://tinyurl.com/7mhc7f
Source: Soundings Trade Only
When the federal government announced last spring that recreational fishing in saltwater would require a license by 2009, Northeast fishermen vehemently protested.
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Source: Boston.com
Rhode Island “is considered a great place to run a marine business” because of its small size and exceptional government cooperation, according to a monthly trade magazine for the marine industry.
More: http://www.pbn.com/private/ea80e3cf8e.html
Source: Providence Business News
The front page of The Providence Journal business section on Dec. 12 contained the following stories: “Bank of America to cut 30,000 to 35,000 jobs;” “American Power lays off 50 to 100 employees;” “In slowdown, Textron trims additional 120;” “New claims for jobless benefits top forecasts;” “Two R.I. TV stations lay off employees.” And that was just one day.
More: http://tinyurl.com/8vnnl6
Source: Providence Journal
Newport
Rhode Island Marine Trades Association
PO Box 7663
Warwick, RI 02886
Tel: 401-615-5419
Email: info [at] rimta.org