Patrick Anderson, Author at Providence Business News

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Alex and Ani announced Thursday that CEO Giovanni Feroce has left the company. Founder and creative director Carolyn Rafaelian will serve as interim CEO while the board of directors searches for a replacement. Alex and Ani did not provide an explanation for Feroce's departure and declined to comment beyond what was stated in the three-paragraph release announcing the leadership change. / PBN FILE PHOTO/TRACY JENKINS

Feroce leaves Alex and Ani; Rafaelian appointed interim CEO

Capital Goods 03/13/2014

(Updated, March 14, 2:43 p.m.) CRANSTON – Alex and Ani LLC CEO Giovanni Feroce has left the company, according to a release issued Thursday afternoon,...

OF THE 1,132 small businesses that have initiated HealthSource RI enrollment applications, only 133, or 11.7 percent, have completed enrollment, according to HealthSource RI data released Tuesday.

Most small businesses don’t finish enrolling in HealthSource RI

Entrepreneurship 03/11/2014

(Updated, 1:57 p.m.) PROVIDENCE – More than 16,000 individuals and 130 small businesses signed up and paid for health insurance through HealthSource RI as of...

NORTEK INC. plans to move into the Blue Cross & Blue Shield of Rhode Island building at 500 Exchange St. in June, after having outgrown its current space at 50 Kennedy Plaza, the company said Friday.

Nortek outgrows Kennedy Plaza HQ, plans move to Capital Center

Capital Goods 03/07/2014

(Updated, March 11, 10:20 a.m.) PROVIDENCE – Nortek Inc. has agreed to move its corporate headquarters from Providence’s Financial District to the Blue Cross &...

THE FIVE-STORY former Cherry & Webb department store building on Westminster Street in downtown Providence has been purchased by Paolino Properties for about $2.3 million, following the firm's acquisition in January of three Financial District properties. / PBN PHOTO/PATRICK ANDERSON

Paolino purchases Cherry & Webb building in downtown Providence

Economic Activity 03/06/2014

(Updated, 10:56 a.m.) PROVIDENCE – Paolino Properties has acquired the former Cherry & Webb department store building at 275 Westminster St. downtown, the Providence real...

A DRAFT REWRITE of the Providence zoning code proposes lowering parking minimums for residential buildings citywide from 1.5 parking spaces per housing unit to 1 space per unit, and would allow shared parking in mixed-use areas. The ordinance would also create new transit zones with no residential parking minimum. / PBN FILE PHOTO/FRANK MULLIN

City rezoning would not require parking in new ‘transit zones’

Economic Activity 03/05/2014

PROVIDENCE – City planners Tuesday night unveiled a first-draft rewrite of the Providence zoning code intended to modernize and clarify local land-use rules while...

THE RHODE ISLAND School of Design, the Founders League, DesignxRI and Rally Rhode Island are among the groups involved in the city's planned launch of "Providence Design Forward," a new accelerator program for design-oriented entrepreneurs. Details of the proposed program has yet to be finalized and must be approved by the Providence Economic Development Partnership.

New accelerator program would support designer-entrepreneurs

Economic Activity 02/28/2014

PROVIDENCE – The city is teaming with the Rhode Island School of Design and local business groups to launch a new accelerator program for...

SALES OF SINGLE-FAMILY homes in Rhode Island ROSE 12 percent in January compared with the same month a year earlier, according to the Rhode Island Association of Realtors. A 7 percent drop in pending sales, however, could indicate a slowdown in the market. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Realtors: R.I. home sales rise 12% in Jan., median price jumps...

Economic Activity 02/28/2014

WARWICK – Rhode Island single-family homes sales rose 12 percent in January compared with the same period last year, the Rhode Island Association of...

THE GROUP PLANNING TO REDEVELOP Plainridge Racecourse in Plainville, Mass., into a slot machine parlor has been given the green light by the Massachusetts Gaming Commission, pending the developing group meeting a series of conditions. / BLOOMBERG FILE PHOTO/MIKE MERGEN

Plainridge gets slots parlor nod

Government 02/27/2014

BOSTON – The Massachusetts Gaming Commission Thursday awarded the state’s sole license to operate a slot machine parlor to a group looking to redevelop...

GOV. LINCOLN D. CHAFEE and General Treasurer Gina M. Raimondo's settlement with state and municipal worker unions, if approved by the courts and the General Assembly, takes the unions' lawsuits out of play, while adding an estimated $232 million to the state and municipal pensions' unfunded liability, and increases the payment that the state, towns and cities are expected to make toward their workers' retirement plans. / PBN FILE PHOTO/TRACY JENKINS

State, unions reach settlement, liability grows by $232M

Government 02/14/2014

PROVIDENCE – Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo have reached an agreement with representatives of government workers and retirees to...