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
A few blocks south of the chewed up swath of land where Interstate 195 used to run through Providence’s Jewelry District is another dusty, vacant lot in need of a productive use: the former Ward Baking Co. Property. more
BlackRock Inc. and Fidelity Investments will be studied by U.S. regulators who are in the early stages of reviewing whether asset managers pose a potential risk to the financial system. more
A New York City investment firm is investing more than $10 million in the Providence Biltmore Hotel to help complete a $13 million restoration project at the hotel. more
A Colorado-based nonprofit on Wednesday said it will invest $2.2 million to support the expansion of Blackstone Valley Prep Mayoral Academy’s network of charter schools in Rhode Island. more
The Securities and Exchange Commission has announced enforcement actions against 23 companies, including New York-based D.E. Shaw Group, which has investments in Rhode Island. more
Brown University reported a 12.6 percent return on its investments for fiscal year 2013, up from a 1 percent return a year earlier, the university announced Tuesday. more
Matlet Group LLC, a Pawtucket-based packaging, printing and marketing company, announced Wednesday that Preferred Packaging Partners LLC of Providence has made an $8.5 million equity investment in the company. more
The Slater Technology Fund will invest an additional $100,000 in energy-management firm VCharge, bringing Slater’s total investment in the company to $600,000, Slater announced Monday. more
Owners of about 45 Turkish private-equity investments will probably consider sales in the next two years as buyout firms take advantage of an improving economy. more
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