Updated January 29 at 9:29am
Investing
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TAUNTON, Mass. – The South Eastern Economic Development (SEED) Corporation recently made a micro loan to Newport Potters Guild to enable the small business to start a pottery and clay art gallery and create four new jobs. more
Venture capitalists invested $124.1 million in Rhode Island companies in 2014, $42 million more than in 2013, and the largest amount to date, according to the MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association. more
Kevin Hackman, an elder law attorney in Warwick, says he has about a dozen clients a year interested in reverse mortgages, only half of whom actually follow through and get one. more
Many women, especially baby boomers, tend to set aside less for retirement than men, a gender gap arising from generational and social expectations, several Rhode Island financial planners have found, based on their work with couples, widows, and single and divorced women in the state. more
The Top 5 Rhode Island SBA Lenders, ranked by number of 2013-2014 loans. more
The Rhode Island Foundation manages its finances to make sure that its capital endowment grows in perpetuity, a key function of its identity as a community foundation. more
Before crowdfunding changed the world of startup investing, the federal government was supposed to change the rules of crowdfunding. more
The R.I. Commerce Corporation Monday authorized a $3 million investment in the Slater Technology Fund’s new venture capital fund for Rhode Island energy sector startups. more
A Cherrystone Angel Group portfolio company, Windgap Medical Inc., was awarded nearly $1 million through a Massachusetts Life Sciences Center accelerator loan program. more
(Updated, 5:20 p.m.) Citizens Financial Group Inc., the U.S. subsidiary of Royal Bank of Scotland Group PLC, raised $3 billion in its initial public offering, pricing the shares below the marketed range. more
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