Lending to small businesses through U.S. Small Business Administration programs is on the upswing in Rhode Island, thanks in large measure to the efforts of community banks, although a traditional SBA powerhouse is back on course in the Ocean State.
Despite relatively strong growth in the number of women-owned businesses in the state, Rhode Island ranks near the bottom of the nation in the overall strength of that segment of the state’s economy.
By Brendan L. McKenna
Employee theft is one of the most serious problems facing small-business owners in the U.S. According to the National Federation of Independent Business, an employee is 15 times more likely than a nonemployee to steal from an employer, and employees account for an estimated 44 percent of theft losses at stores. The U.S. Department of Commerce reports that nearly one-third of business failures are related to employee theft or fraud.
Social media has become second nature for many small-business owners and startup entrepreneurs. Business owners spend significant time – and sometimes money as well – seeking fans, likes and followers on all kinds of social platforms, from Facebook and Twitter, to LinkedIn, Quora, Tumblr and Pinterest, among others.
Growing lavender on Garman Organic Farm in Middletown beginning this spring is one more step in the expansion of Farmaesthetics that founder Brenda Brock delights in, as her line of green, sustainable skin care products continues to blossom.
Jeff Gardner is the co-founder and CEO of Carousel Industries, a provider of technology and convergent communication services for more than 6,000 organizations nationwide. After working alongside the Community College of Rhode Island for several years to help align students with relevant skills for the workforce, Carousel was recognized with the school’s Business Champion Award. The company was also honored at CCRI’s “Changing Lives Celebration.” Aside from forming Carousel Industries, Gardner has more than 25 years of technology-related experience and is a certified public accountant. He holds a B.S. in accounting from Bryant University.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.