Friday, September 30, 2022

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PROVIDENCE BUSINESS NEWS Editor Michael Mello, right, addresses the crowd Thursday during PBN's Fastest Growing & Innovative Companies Awards ceremony at the Graduate Providence. / PBN PHOTO/MIKE SKORSKI

Organizations honored for growth, innovation at PBN’s Fastest Growing & Innovative...

PROVIDENCE – A financial institution, a construction management company, an addiction recovery organization and an insurance agency were recognized Thursday as the top earners...

Resilient U.S. consumers spend slightly more in August 

WASHINGTON (AP) – Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation...

U.S. economy drops at 0.6% annual rate from April through June

WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through...

RIDOT opening Route 138 extension in Newport on Oct. 6

PROVIDENCE – Eastbound traffic on Route 138 in Newport will shift with the opening of a new extension on Oct. 6, The R.I. Department...

U.S. consumers gaining confidence as gas prices keep falling

WASHINGTON (AP) – U.S. consumers grew more confident for the second month in a row as gas prices continued to fall. The Conference Board said...

Rite-Solutions receives $77M cybersecurity contract from U.S. Navy

MIDDLETOWN – Rite-Solutions Inc. has been awarded a five-year, $77 million contract from the U.S Navy to bolster the Naval Surface Warfare Center Dahlgren Division...

Application deadline for 2022 PBN Manufacturing Awards Program extended

PROVIDENCE – The application deadline for PBN’s 2022 Manufacturing Awards Program has been extended to Sept. 28.  Honorees will be recognized during the Manufacturing Awards...

Igus plans $200M R.I. expansion in East Providence

EAST PROVIDENCE – Igus Bearings Inc., a Germany-based polymer manufacturer, plans to shift its U.S. headquarters to the Ocean State as it plans a $200 million expansion of...
RORY's MARKET + KITCHEN is ready to open Friday on Washington Street in downtown Providence. Rory Eames, right, owner and CEO, was at the front door on Thursday, telling a potential customer trying to enter the store to return the next day. At left, one of the employees puts the finishing touches on some displays. PBN PHOTO/WILLIAM HAMILTON

Organic market set to open in downtown Providence Friday

PROVIDENCE – The owner of a Massachusetts-based specialty organic market chain will be welcoming customers to its first Rhode Island location Friday, providing a...

SEACORP awarded 5-year, $79M U.S. Navy contract

MIDDLETOWN – SEACORP LLC was recently awarded a five-year, $79 million contract from the Office of Naval Research to develop a mobile electronic warfare...
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