Patrick Anderson, Author at Providence Business News

519 POSTS 0 COMMENTS

THE PROVIDENCE ECONOMIC Development Partnership, chaired by Mayor Angel Taveras, has gotten the go-ahead from U.S. Department of Housing and Urban Development to resume lending to small businesses after improvements to the agency's procedures. / PBN FILE PHTO/FRANK MULLIN

HUD OKs PEDP lending upon improvements in oversight

Economic Activity 12/06/2013

PROVIDENCE – The U.S. Department of Housing and Urban Development has cleared the Providence Economic Development Partnership to restart lending to local small businesses...

Parks Conservancy lands $395K grant for Kennedy Plaza walkway

Economic Activity 12/03/2013

(Updated, Dec. 4, 4:05 p.m.) PROVIDENCE – The Downtown Providence Parks Conservancy has secured a $395,000 grant from the Champlin Foundations to create a new...

THE RHODE ISLAND ASSOCIATION of Realtors reported Wednesday that single-family home sales in Rhode Island rose 19 percent in October compared with the same month last year, and the median sales price rose 2 percent to $204,000. Pending sales dropped 5 percent, which the Realtors association attributed to a shrinking supply of homes for sale and fluctuating interest rates. / BLOOMBERG FILE PHOTO/DANIEL ACKER

R.I. home sales up 19% in Oct. as pending closings drop

Economic Activity 11/27/2013

WARWICK – Rhode Island single-family homes sales rose 19 percent in October compared with the same period in 2012, the Rhode Island Association of...

THE NEWLY EXTENDED Gannon & Scott manufacturing facility at 45 Sharp Dr. in Cranston doubles the facility's processing capacity and features a rooftop solar-panel array. At top left, Gannon & Scott's existing corporate headquarters and manufacturing facility. / COURTESY GANNON & SCOTT

Gannon & Scott expansion doubles metal-recycling capacity

Capital Goods 11/21/2013

CRANSTON – Precious metals recycler Gannon & Scott has completed an $8 million expansion of its factory on Sharp Drive, the company said Thursday. The...

THE 40 ACRES OF former I-195 land stretching from Fox Point to downtown Providence will be known as "The Link," the Interstate-195 Redevelopment District Commission announced Monday. Above, an early rendering of the proposed development of the land. / COURTESY CITY OF PROVIDENCE

I-195 land rebranded as ‘The Link’

Economic Activity 11/18/2013

PROVIDENCE – The Interstate-195 Redevelopment District Commission is rebranding the 40 acres of former highway land under its control as “The Link,” the independent...

THE ASPEN GROUP, a North Reading, Mass.-based developer, has filed applications with the city of Providence to demolish the Urban League of Rhode Island headquarters at 246 Prairie Ave. -- pictured above -- and replace it with two five-story medical office buildings. / COURTESY GOOGLE MAPS

Mass. developer eyes Urban League HQ site for medical offices

Economic Activity 11/15/2013

PROVIDENCE – A Massachusetts developer wants to build two medical office buildings on the site of what is now the Urban League of Rhode...

U.S. CITIZENSHIP AND Immigration Services has designated Pathway Capital Partners LLC Rhode Island's first EB-5 "regional center." The EB-5 program -- also known as the Immigrant Investor Program -- provides green cards for foreigners who invest at least $500,000 in projects in the U.S. that create at least 10 permanent jobs.

Pathway Capital named R.I.’s first EB-5 center for foreign investors

Financial Services 11/15/2013

PROVIDENCE – Pathway Capital Partners LLC has been cleared by the federal government to broker investments in Rhode Island projects from foreign nationals seeking...

HIGH ROCK WESTMINSTER STREET LLC, owner of the iconic 'Superman Building' in Providence, filed a lawsuit against former tenant Bank of America in July claiming that the bank violated the terms of the lease when it left the tower in poor condition after vacating the property. / PBN FILE PHOTO

‘Superman’ owner sues Bank of America over building’s decay

Economic Activity 11/11/2013

PROVIDENCE – The owner of Providence’s “Superman Building” is suing former tenant Bank of America Corp. for leaving Rhode Island’s tallest building in poor...

Swipely outgrows its HQ, plans move to downtown Providence

Technology 11/08/2013

PROVIDENCE – Payment-data firm Swipely will move from Fox Point to downtown Providence, the company has confirmed. Public Relations Manager Elizabeth Ducoff said Swipely would...