49.5 F
Rhode Island
Wednesday, December 12, 2018
Home Economy Page 3

Economy

Former Neurology Foundation employee admits to extortion following termination

PROVIDENCE - Randy Lutz, a former employee of the Neurology Foundation, a nonprofit physicians group associated with Brown Medical School, has admitted to attempted...
UNITED NATURAL FOODS reported a $19.3 million loss for the fiscal 2019 first quaerter, ended Oct. 27, largely due to costs related to its $2.9 billion acquisition of SUPERVALU.

UNFI reports $19.3M loss related to acquisition of SUPERVALU

PROVIDENCE – United Natural Foods Inc. reported a net loss of $19.3 million, or 38 cents per diluted share, for the first quarter of...
LOCAL 1 PERCENT hotel tax collections totaled $723,186 in August, a 6 percent decline from the previous year. Collections from realtors and homeowners totaled $81,638 for the month. / COURTESY DURKIN COTTAGE REALTY

Collection of 1% hotel tax $723.2K in Aug.

PROVIDENCE – Collection of the 1 percent hotel tax in August in Rhode Island totaled $723,186, a 6 percent decline year over year from...
DECLINING ATTENDANCE: Monsignor Raymond Bastia, vicar of finance for the Diocese of Providence, said scandals involving priests who have been convicted of molestation have been a contributing factor to declining attendance at parishes, but other factors, such as a shortage of parish priests and a shift in American culture away from organized religions, also weigh heavily in the situation the Catholic Church is facing. / PBN PHOTO/MICHAEL SALERNO

Catholic dioceses are contracting, creating unique opportunities for the right buyers

Our Lady of Mt. Carmel Church, in the Federal Hill neighborhood of Providence, was the boyhood church of Monsignor Raymond Bastia, now the vicar...
PROVIDENCE MAYOR Jorge O. Elorza has vetoed the rezoning that would authorize the Hope Point Tower. / COURTESY THE FANE ORGANIZATION

Will Elorza veto cost city in GA?

The dramatic city review of the Hope Point Tower development – capped Nov. 30 with a last-minute veto by Mayor Jorge O. Elorza –...
TAKING A STAND: Providence Mayor Jorge O. Elorza vetoed a proposed change to city zoning regulations that would have allowed the Fane Organization to build a 600-foot tower in the former Interstate 195 land? Was that a good decision by the mayor? / COURTESY THE FANE ORGANIZATION

Do you agree with Providence Mayor Jorge O. Elorza’s decision to...

Hope Point Tower, the 46-story, nearly 600-foot residential building that New York developer The Fane Organization wants to build on former Interstate 195 land...
NEW PATH: Co-owners Kris Waugh, left, and Tamara McKenney worked in technical recruiting before opening Apponaug Brewing at the Pontiac Mills in Warwick. / PBN PHOTO/MICHAEL SALERNO

Apponaug celebrates beer community

Tamara McKenney and Kris Waugh ran a business in technical recruiting before they embarked in another direction.Their new brew pub, Apponaug Brewing Co., opened...
Thomas V. Ward
Breeze Publications Inc. founder and publisher
More than two decades ago, Thomas V. Ward founded The Valley Breeze for $15,000 from his Cumberland living room. Today Breeze Publications publishes five editions across Rhode Island’s northern tier and provides proof that news organizations can be successful in attracting readers and revenue. / PBN PHOTO/DAVE HANSEN

Success comes when you ‘stick to your knitting’

While businesspersons I meet marvel at the staying power of a free community newspaper such as The Valley Breeze in this day and age,...
MAKING A PLAN: The R.I. Division of Statewide Planning is leading a project to support small businesses’ ability to survive extreme weather events. Above, a machine clears sand off Atlantic Avenue in Westerly after the remnants of Hurricane Sandy battered Rhode Island’s coast in 2012. / PBN FILE PHOTO/BRIAN MCDONALD

State resiliency project example of smart planning for business

Rhode Island’s vulnerability to the effects of climate change are well-documented.And now comes more evidence that we should be concerned: The Global Carbon Project...

Protect small businesses from predatory lending

If you knew what you were doing, would you sign a contract allowing a company to sue you and take your money whenever it...
- Featured Event -

Latest News

Double Your Subscription                    Without Paying a Penny More!

For a limited time you can get twice the issues of Providence Business News at no additional cost.

Offer expires December 31, 2018