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Does phantom equity really stand a ghost of a chance of being a viable alternative to traditional equity plans for limited liability companies? The answer for many companies can be a resounding yes. more
The foot traffic, property values and investment in Providence’s Thayer Street commercial district are the envy of many Main Street merchants groups in Rhode Island. more
U.S. Citizenship and Immigration Services this past fall designated Pathway Capital Partners, LLC as Rhode Island’s first regional EB-5 Immigrant Investor Program center. The center is allowed to broker investments in Rhode Island projects from foreign nationals seeking permanent residence in the U.S. more
Unable to resolve contentious disagreements over tolls on Aquidneck Island bridges, Rhode Island lawmakers last summer decided instead to re-evaluate the state’s entire transportation-funding structure. more
The Providence Business News Executive Poll is a weekly survey of 70 business leaders throughout the state, representing small and large companies in a variety of industries. more
North Kingstown’s Lafayette Mill got a boost Dec. 9 with the addition of Bridge Technical Talent, which consolidated offices in East Greenwich and Warwick and moved 20 employees into 4,000 square feet of space. The mill has 80 percent occupancy. The Hive has also been a catalyst since opening in September, offering co-working space in 2,500 square feet. Pictured on left is James Wright, partner at Bridge and Michael Baker, Advantage Group owner, at Bridge’s new office. more
Ruarri J. Miller’s search for a site to build apartments for aspiring young businesspeople took him to old mills in Providence, Pawtucket and Central Falls. But ultimately Miller chose downtown Woonsocket, not just for its real estate, but for the enthusiasm and eagerness community leaders showed toward outside investment and his unconventional idea. more
Construction employment in Rhode Island rose 2.6 percent in November compared with the same period last year, adding 400 jobs for a total of 15,700 jobs, the Associated General Contractors of America reported Friday. more
Beginning Jan. 1, Rhode Islanders who buy their electricity through National Grid will see their monthly electricity bills increase, the utility said Friday. more
Rhode Island’s November unemployment rate of 9 percent remained the highest in New England and tied with Nevada for the highest unemployment rate in the country, the U.S. Bureau of Labor Statistics reported Friday. more
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