WASHINGTON – The U.S Transportation Department on Friday canceled $11.25 million in federal funding for gateway upgrades for access, resiliency and development at the Port of Davisville that was approved in November. The cancellation was part of a total $679 million in federal funding for offshore wind projects in 11 states was rescinded in the […]| Providence Business News
PROVIDENCE – Judge Frank Caprio was laid to rest Friday following a funeral service at the Cathedral of Saints Peter and Paul. Archbishop of Boston Richard Henning presided over the Mass., which was followed by a procession along Atwells Avenue in Federal Hill. Those in attendance inside the cathedral included Gov. Daniel J. McKee, U.S. […]| Providence Business News
PROVIDENCE – Rhode Island is not among the hardest-working states, according to WalletHub. The personal finance website ranks the Ocean State at No. 48 in its assessment of the hardest working states in America that was released on Aug. 25. To determine its rankings, WalletHub researchers compared all 50 states across two key dimensions: direct […]| Providence Business News
WARWICK – The R.I. Cannabis Control Commission on Friday began accepting applications to become certified for one of the six retail Social Equity Licenses that are available under state law. The portal will be available until Sept. 29. Once certified, successful applicants will still need to apply for an adult-use cannabis retail license. In July, […]| Providence Business News
WOONSOCKET – CVS Health Corp. has agreed to issue and sell about $4 billion in senior notes. In a filing with the U.S. Securities and Exchange Commission on Aug. 11, the pharmacy chain will issue and sell to underwriters: $750 million aggregate principal amount of its 5% senior notes due 2023; $1.5 billion aggregate principal […]| Providence Business News
The summer tourism season in Rhode Island is in the homestretch and anecdotal evidence from business and tourism leaders suggest it has gone reasonably well. On Aug. 24, ribbon-cutting ceremonies were held in North Kingstown, Richmond and East Providence to celebrate Danish artist Thomas Dambo’s latest editions to the Rhode Island Troll Trail. The giant […]| Providence Business News
WASHINGTON (AP) – The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased. Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same annual increase as in June. Excluding the volatile food and energy […]| Providence Business News
PROVIDENCE – A 6,900-square-foot Mediterranean-style home constructed in 1950 on the East Side of Providence recently sold for $4.33 million, according to Churchill & Banks Cos. LLC. The 470 Blackstone Blvd. home has six bedrooms, four full bathrooms and one half-bathroom, and it was recently redesigned with a new floor plan and high-end finishes, along […]| Providence Business News
Lisa Roth Blackman was recently hired by the Rhode Island Foundation as the nonprofit funder’s new vice president of development. She has nearly 30 years of nonprofit development experience. Most recently, she was chief philanthropy officer at the Rhode Island Community Food Bank. Roth Blackman spoke with Providence Business News about her new role and […]| Providence Business News
WEST WARWICK – Centreville Bank has appointed Jim Peluso as its new chief information officer. Peluso will oversee the bank’s information technology and information security departments. “Centreville Bank is proud to have Jim join our growing team as our new chief information officer, marking an important step forward in our technology strategy,” said Jill DeShiro, […]| Providence Business News
WARWICK – Twenty-two local business industry leaders were formally recognized Thursday evening for their leadership efforts across multiple sectors in Providence Business News’ 2025 Leaders & Achievers Awards program. The individuals were among the 225 attendees at Thursday’s ceremony at Aldrich Mansion. The 22 business professionals were chosen for this year’s program – now in […]| Providence Business News
PROVIDENCE – One of Realtor.com’s 2025 top 10 zip codes is in Rhode Island. Cumberland is the No. 8 hottest zip code in the nation, according to the online Realtor. To determine its rankings, researchers studied Realtor.com data from January to June 2025 that included unique viewers per property and number of days a listing […]| Providence Business News
PROVIDENCE – The median price of single-family homes sold in Bristol County, Mass., increased to $545,000 in July, rising 3.8% from the same month the previous year, The Warren Group said Tuesday. The median price of a single-family home across Massachusetts was $665,700 in July, a 2.3% increase from one year prior. However, The Warren […]| Providence Business News
PROVIDENCE – Costly temporary staffing caused by a three-month strike at Butler Hospital negatively impacted Care New England Health System’s third-quarter earnings. The health system reported a $4.4 million operating loss in the third quarter fiscal year 2025 ending June 30, according to unaudited financial statements released Aug. 14. This is a dramatic fall from […]| Providence Business News
PROVIDENCE – Union workers at Butler Hospital ratified a new four-year contract with management, ending the longest hospital strike in Rhode Island history. In a joint statement issued Monday night, Butler Hospital and members of the Service Employees International Union 1199 New England – which represents about 800 workers at the hospital – announced the […]| Providence Business News
PROVIDENCE – The Washington Trust Co. has launched a series of community appreciation events throughout the month in celebration of its 225 years of continuous operation, a milestone that underscores its legacy as the oldest community bank in the United States and the largest state-chartered bank headquartered in Rhode Island. The celebration began on Aug. 11, […]| Providence Business News
PROVIDENCE – A month after the death of its managing director, David C. Sweetser, High Rock Development says it remains committed to the redevelopment of the “Superman” building. The company on Friday announced that Michael K. Crossen will serve as its new manager to “oversee projects throughout the region,” including the iconic skyscraper at 111 Westminster […]| Providence Business News
PROVIDENCE – Following a long period of enrollment decline, Rhode Island College is preparing to welcome its largest freshman class in 15 years this fall. RIC President Jack R. Warner largely credits this enrollment increase to the college’s Hope Scholarship, which launched in fall 2023 and provides eligible students with last-dollar tuition support during their […]| Providence Business News
The R.I. Department of Health has fined and reprimanded a doctor who allegedly performed a laser procedure on the patient’s wrong eye.| Providence Business News
Butler Hospital’s unionized workforce declared Tuesday that they made “movement” on wages and health plan costs to hospital owner Care New England during hours of negotiations last week. Care New England CEO Michael Wagner chose a different noun for the union’s counterproposal in an email he wrote last week: “Ultimatum.” The disconnect between management and […]| Providence Business News
Homeowners are cashing in on years of home equity gains, even as mortgage rates remain elevated. The trend sent cash-out home refinancing activity to a nearly three-year high in the April-June quarter, according to data from home loan data tracker ICE Mortgage Technology. In a cash-out refinance, a homeowner takes out a loan for more […]| Providence Business News
BRISTOL – Roger Williams University School of Law was selected among the top 168 law schools in the U.S. by The Princeton Review on Aug. 6 in the publication’s “Best Law Schools for 2025” listing. RWU Law was the only local law education institution to make the list. The Princeton Review compiled the list of […]| Providence Business News
WARWICK – Maureen A. Murray, an associate business and professional studies professor at the Community College of Rhode Island, was recently named the recipient of the 2025 Teaching Excellence Award by the Accreditation Council for Business Schools and Programs. Murray received the award, which recognizes educators who exemplify excellence in teaching and dedication to student […]| Providence Business News
If a nonprofit wants an upcoming fundraiser to be considered for a calendar listing, email information to Nonprofit@PBN.com or Bessette@PBN.com at least four weeks in advance of the event. River party The Woonasquatucket River Watershed Council will hold its annual Fish Fun(d) Fundraiser and Celebration on Thursday, Aug. 14, from 5:30-8 p.m. at Farm Fresh […]| Providence Business News
PROVIDENCE – Three local colleges and universities have been named to LinkedIn’s inaugural list ranking the top 50 higher education institutions across the U.S. The professional industry social media platform announced Tuesday that it launched its new top colleges rankings to identify schools across the country that best set graduates up for long-term success. LinkedIn […]| Providence Business News
WASHINGTON (AP) – U.S. inflation was unchanged in July while a measure of underlying inflation rose to its highest level in five months as tariffs push the price of imported goods higher while gas and grocery prices cooled. Consumer prices rose 2.7% in July from a year earlier, the Labor Department said Tuesday, the same […]| Providence Business News
WESTERLY – Westerly Community Credit Union has committed $100,000 to support the Tower Street Community Center project, a developing nonprofit space focused on health, wellness and economic opportunity for communities in southern Rhode Island and eastern Connecticut. The grant will help the Tower Street Community Center board and campaign committee move forward with plans for […]| Providence Business News
PROVIDENCE – Butler Hospital’s Memory and Aging Program was recently part of the Alzheimer Association’s U.S. Study to Protect Brain Health Through Lifestyle Intervention to Reduce Risk, or U.S. POINTER study. Butler and The Miriam Hospital represented New England at the Providence research site, which was one of five locations included in the study. Other […]| Providence Business News
PROVIDENCE – The Rhode Island Blood Center recently announced it has begun its fourth annual Pint for a Pint campaign, meant to boost blood donations. Anyone who comes to donate blood will receive a voucher for a free beverage from one of several participating local breweries or pubs. The campaign runs from July 28 through […]| Providence Business News
PROVIDENCE – Swim Across America is set to hold its 16th annual Rhode Island Open Water Swim for charity at Scarborough North State Beach in Narragansett on Sept. 6. Proceeds from the event will support cancer research at Women & Infants Hospital. The event was established in 2010 and has raised more than $2.5 million. […]| Providence Business News
PROVIDENCE – The New England Medical Innovation Center has partnered with MEDevice Boston to organize an international pitch reception. The event, dubbed MEDevice Boston + NEMIC International Pitch Reception, is scheduled to take place Sept. 30 at the Boston Convention and Exhibition Center. At least 15 companies, both national and international, will showcase their solutions […]| Providence Business News
PROVIDENCE – Providence Place is going up for sale. A court-appointed lawyer running the mall said Thursday that he has received approval to hire a real estate broker to put the property up for sale by September. Mark Russo said in a statement that the court has approved the lawyer’s recommendation to hire […]| Providence Business News
PROVIDENCE – The Rhode Island home price index increased 6.79% year over year in June, the third-highest growth rate in the nation, according to Cotality, formerly CoreLogic Inc. Rhode Island’s home sale price growth rate in June was well above the national growth rate of 1.7%, Cotality said. Connecticut has the highest growth rate […]| Providence Business News
The R.I. Public Transit Authority on Aug. 7 postponed voting on proposed service cuts after Gov. Daniel J. McKee urged the agency to draft a better plan to close its $10 million budget gap. In a letter, McKee told the agency and its vendor “to develop a new proposal – one that balances new revenue […]| Providence Business News
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PROVIDENCE – Workers at Point32Health Services Inc., the parent company of Harvard Pilgrim Health Care and Tufts Health Plan, recently completed the company’s annual volunteer week. More than 1,900 employees participated in the volunteer week, which ran from June 10-14. The volunteers spent more than 5,400 hours at almost 90 different projects in Rhode Island, […]| Providence Business News
PAWTUCKET – After years of clashing local concerns and state financial support, an upcoming “last mile” distribution facility has broken ground in Pawtucket. The 160,000-square-foot facility, known as the Blackstone Distribution Center, is under construction at 1 Moshassuck St., about 3 miles north of downtown Providence. Developer JK Equities LLC anticipates “substantial completion by August […]| Providence Business News
PROVIDENCE – Vertex Pharmaceuticals Inc. is laying off 125 people in Rhode Island, according to a WARN notice filed with the R.I. Department of Labor and Training on June 8. Vertex spokesperson Nina Devlin told Providence Business News on Tuesday the job cuts come due to the discontinued development of the company’s VX-264 “cells plus device” program for […]| Providence Business News
SOUTH KINGSTOWN – A waterfront compound with two buildings on a narrow 0.32-acre lot overlooking Block Island Sound recently sold for $2.3 million, according to public records. The gated beachfront compound at 943 Matunuck Beach Road contains two buildings, a main house built in 1940, and a smaller cottage constructed in 2021, according to South […]| Providence Business News
NEWPORT – A 4,500-square-foot home that was constructed in 2022 next to Easton Pond recently sold for $4.1 million, according to public records. The two-story home at 164 Eustis Ave. contains four bedrooms, four full bathrooms and one half-bathroom. The custom home, which also comes with views of the Atlantic Ocean, features an open floor […]| Providence Business News
Sheryl Hack is the new executive director of Preserve Rhode Island, the statewide historic preservation organization that aims to save historic properties through preservation services and community advocacy. She joined Preserve RI after working in the historic preservation field in New England for more than 35 years. Hack, who holds a master’s degree in nonprofit […]| Providence Business News
BARRINGTON – A 3,600-square-foot center hall colonial that was constructed in 1975 recently sold for $1.7 million, according to Residential Properties Ltd., which represented the buyer in the transaction. The 6 Strawberry Drive home contains four bedrooms, two full bathrooms and one half-bathroom. The two-story home features hardwood floors throughout, a custom cherry hardwood kitchen, […]| Providence Business News
EAST PROVIDENCE – PACE Organization of Rhode Island recently unveiled a reminiscence therapy room to support those with dementia. Reminiscence therapy helps elders, especially those with mild to moderate dementia, recall and share past experience. The experience of the room and corresponding activities are meant to encourage well-being and social connection. Reminiscence therapy is available […]| Providence Business News
PROVIDENCE – Rhode Island has been ranked as No. 2 in the country for patient safety by The Leapfrog Group. More than half the hospitals in Rhode Island, 55.6%, earned an “A” rating in The Leapfrog Group’s Spring 2025 Hospital Safety Grade. The biannual safety grade assigns an “A,” “B,” “C,” “D,” or “F” grade […]| Providence Business News
LOS ANGELES (AP) – Homeownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what buyers can afford. A homebuyer now needs to earn at least $114,000 a year to afford a $431,250 home – the national median listing price in April, according to data released Thursday […]| Providence Business News
PROVIDENCE – A 2,900-square-foot home on the East Side of Providence recently sold for $2 million, making it the second-highest-selling home of the year in the city, according to Residential Properties Ltd., which represented the seller in this transaction. The 129 Williams St. home, built in 1844, contains three bedrooms, three bathrooms and one half-bathroom, […]| Providence Business News
PROVIDENCE – The Rhode Island home price index increased 6.7% year over year in December, according to CoreLogic Inc. Rhode Island’s HPI growth rate in December was higher than the national growth rate of 3.4%, CoreLogic said. Connecticut posted the highest growth rate in the nation at 7.8%. New Jersey had the second-highest growth […]| Providence Business News
PROVIDENCE – Delta Dental of Rhode Island has set aside $3 million to introduce a workforce development program for dental offices throughout the state; however, some dentists don’t think it’s enough to offset the insurer’s delay in adjusting reimbursements. The program, known as Delta Dental of Rhode Island’s Hygiene Workforce Program, helps in-network eligible dentists […]| Providence Business News
NORTH SMITHFIELD – Two residential properties totaling nearly 6 acres of land recently sold for $950,000 to be turned into a gas station, according to Sweeney Real Estate & Appraisal, which represented the sellers. The 1241 and 1253 Eddie Dowling Highway properties were purchased by Zeshan Abid, who plans to develop the site into a […]| Providence Business News
TEDxProvidence takes place Saturday at Veteran's Memorial Auditorium and has already sold 3 times the number of tickets than the 2023 event.| Providence Business News
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts. The average rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year […]| Providence Business News
PROVIDENCE – State and local officials on Tuesday said they were still hoping to persuade Hasbro Inc. not to relocate its headquarters from Pawtucket to Massachusetts. First reported by the Boston Business Journal citing unnamed real estate sources, the toymaker is now considering commercial space in Boston’s Seaport District. Olivia DaRocha, a spokesperson for Gov. […]| Providence Business News
When it was first launched in 2016, the Wavemaker Fellowship was designed to be an incentive to persuade new, highly trained college graduates working in specialized industries to stay in Rhode Island. The program offered to reimburse thousands of dollars of student loan debt for sought-after workers, particularly in the fields of science, technology, engineering […]| Providence Business News
Some biomedical researchers at the University of Rhode Island may be working toward breakthroughs in cancer studies, environmental health sciences and neuroscience. But sometimes, they’re fighting for elbow room, too. URI President Marc B. Parlange says that with hundreds of students and faculty members using the limited amount of biotech labs on the university’s main […]| Providence Business News
Rhode Island is facing a growing crisis – nursing shortages. In fact, a 2021 report by the R.I. Department of Health suggested that almost 3,000 registered nursing positions could remain unfilled by 2030. With pressure mounting to address the problem, accelerated nursing programs – courses designed for individuals who already hold a bachelor’s degree in […]| Providence Business News
Mineral Spring Avenue Cooper Street to Baird Avenue NORTH PROVIDENCE PBN RESEARCH AND PHOTOS BY JAMES BESSETTE Already a Subscriber? Log in To Continue Reading This Article Become a Providence Business News subscriber and get immediate access to all of our premier content and much more. Learn More and Become a Subscriber Critical RI business […]| Providence Business News
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EAST GREENWICH – Plans for the New England Institute of Technology to launch a new charter school are being put on hold while the technical college seeks additional feedback from the community to refine its proposal. Amy Grzybowski, New England Tech’s vice president of community relations, told Providence Business News the college applied with the […]| Providence Business News
EAST GREENWICH – A 6,300-square-foot colonial in the Westwood Farms neighborhood recently sold for $1.88 million, according to Residential Properties Ltd., which represented the seller in this transaction. The 115 Westfield Drive home contains four bedrooms, five bathrooms and two half-bathrooms. The home was constructed by Levesque Builders in 1995. The home features a two-story […]| Providence Business News
WESTERLY – A 4,752-square-foot oceanfront home known as “Sandcastle” became the town’s highest sale since November 2023. Mott & Chase Sotheby’s International Realty announced Thursday that Sandcastle, located at 8 Manatuck Ave., has been sold for $11.75 million. The home was sold by Paul J. and Camille Daqui, both of whom acquired Sandcastle in 2003 […]| Providence Business News
PROVIDENCE – It is unlikely that President Donald Trump will be able to quickly rein in the sticky inflation that has slowed economic growth during the years of unprecedented spending by the federal government. That was the analysis presented Thursday morning by Thomas Tzitzouris, head of fixed income research at New York City-based Strategas Research […]| Providence Business News
SOUTH KINGSTOWN – An international collaboration led by University of Rhode Island researchers will seek to develop wearable technology to help stroke survivors recover motor and cognitive abilities. The project, which recently won a three-year, $500,000 grant from the National Science Foundation, is led by URI biomedical engineering and health sciences faculty, who will work […]| Providence Business News
PROVIDENCE – Gov. Daniel J. McKee will not be charged for his efforts to award an education contract to a new consulting firm that was formed by a political ally during his first few days in office, Attorney General Peter F. Neronha concluded Tuesday. The announcement ended the state probe launched in 2021 with R.I. […]| Providence Business News
PROVIDENCE – The owner of 36 Exchange Terrace is adding 16 market-rate apartments above the Union Station Brewery in 12,000 square feet of space formerly occupied by the offices of accountant firm Restivo Monacelli LLP. A resolution unanimously approved Monday by the R.I. Commerce Corp. board of directors will provide $450,000 in Rebuild Rhode Island […]| Providence Business News
DARTMOUTH – Approximately 1,500 University of Massachusetts Dartmouth in-state students who are in high need will likely qualify for a new free tuition program being offered at the state university. UMass Dartmouth announced Tuesday that it is launching the UMass Dartmouth Deal, made possible through the commonwealth’s MASSGRANT program, to help provide free tuition and […]| Providence Business News
