Development
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Capital Properties sees profits slip slightly in 2012
Capital Properties Inc. reported a 0.9 percent drop in profit to $2.01 million, or 31 cents per share, during 2012 compared with earnings of $2.03 million, or 31 cents per share, during 2011. more
| 3/12/13
PEDP to renew lending
When city officials explain why they didn’t terminate the Providence Economic Development Partnership’s troubled loan program this year following a damning federal report, they point to businesses such as Providence Specialty Products, owner of Narragansett Creamery, that it’s helping grow. more

By Patrick Anderson
PBN Staff Writer | 12/24/12

Massachusetts program targets urban revitalization
A unique urban-revitalization program in Massachusetts has captured the attention of metropolitan areas across the country. If successful, supporters say it could become a model for generating economic growth and better education in midsize, formerly industrial cities. more

By Michael Souza
PBN Staff Writer | 11/5/12

Ribbon cutting debuts 83 new homes in Providence’s West End
Gov. Lincoln D. Chafee and U.S. Sens. Jack Reed and Sheldon Whitehouse joined Omni Development Corp., WinnDevelopment and Rhode Island Housing on Monday to celebrate the opening of 83 new or completely rebuilt rental homes in Providence’s West End. more
| 3/11/13
Redirecting state funding can spur economic development
Since finishing fourth in a 2010 bid for governor, Sympatico Software Systems President and Moderate Party founder Ken Block has remained an active presence in the Rhode Island political arena. This year, Block is working with fellow business leaders in the Smaller Business Association of New England to develop and promote an economic-policy plan for the state. The plan, which Block and other SBANE members are pitching to elected officials this winter, calls for a series of economic-development and education reforms to spur growth. The SBANE plan would redirect state English-as-a-second-language funding to economic development, investigate use patterns in unemployment insurance, potentially eliminate the state temporary-disability insurance program and exempt new investments in Rhode Island companies from capital gains tax. The education ideas include increasing instructional time, reducing teacher absence and moving the start of teacher contracts away from the beginning of the school year. more

By Patrick Anderson
PBN Staff Writer | 1/7/13

I-195 Commission set to offer candidate executive directorship
The Interstate 195 Redevelopment District Commission has chosen Jan Brodie, a former vice president of the Armory Revival Co. now working for a Boston nonprofit developer, to be its first executive director, Commission Chairman Colin Kane confirmed Thursday. more
‘Superman’ owner seeks up to $75M in public financing
The owner of the Industrial Trust Tower in downtown Providence is asking for up to $75 million in public financing to transform the historic office building into apartments. more
A century in the heart of downtown
Amidst the ever-changing face of downtown Providence remains an investment firm that has endured. Brown, Lisle/Cummings Inc., opened its doors in the heart of the city’s financial district in 1912. The following year it moved into the newly constructed Turk’s Head Building. Despite the Great Depression, two world wars, a Great Recession and numerous market fluctuations it has weathered these storms and remained a loyal tenant to this day. more
SEED seeks member input
The South Eastern Economic Development Corporation is soliciting member feedback leading into its annual meeting, to be held Thursday, Nov. 29, at White’s of Westport. more
| 11/27/12
Redesigned riverfront park smaller, more ‘flexible’
It’s smaller than first imagined, but a redesigned riverfront park slated for downtown Providence’s former Interstate 195 land should be better than the larger, original design, city and state planners say. more

By Patrick Anderson
PBN Staff Writer | 12/3/12

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