Monday, February 6, 2023



REWARDING WORK: Joe Lomastro, center, franchise owner of Signarama on Post Road in North Kingstown, with Tom Iacobucci, owner of Sears Hometown Store, and Lauren DeAquair, graphic designer.

Franchisee: Joe Lomastro

Joe Lomastro | Signarama | 6855 Post Road, North Kingstown The pitch: Signarama is a full-service sign company, where custom signs, such as banners or...
TEXTRON REPORTED $1.2 billion in profit in 2018, in part due to a $419 million post-tax gain from selling its Tools & Test Equipment product line. / COURTESY TEXTRON

Textron reports $1.2B profit in 2018

PROVIDENCE – Textron Inc. reported net income of $1.2 billion for 2018, nearly quadrupling its 2017 earnings of $307 million, according to a company...
FORMETRIX INC. , spun out from NanoSteel's additive manufacturing segment, appointed a new CEO, Scott Pearson, and is planning to move its headquarters to a mixed use space in the Greater Boston Area.

Formetrix spins out from Nanosteel, appoints CEO, plans move to Mass.

PROVIDENCE – Formetrix Inc., a designer and producer of steel alloys for 3D printed components, was recently spun out of Providence-based company NanoSteel. The spin...
COLONIAL MILLS, a braided rug and accessory maker, will relocate from Pawtucket, the location shown above, to East Providence this year. / COURTESY COLONIAL MILLS

Colonial Mills to relocate to East Providence

PAWTUCKET – Colonial Mills Inc., a manufacturer of braided rugs and accessories for more than 40 years, is leaving its location in Pawtucket for...
UNITED STATES manufacturing output rose 1.1 percent from November to December. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

U.S. manufacturing production increases by most in 10 months

NEW YORK - United States factory production expanded in December by the most in 10 months, ending the year stronger than expected thanks to a...
FOR THE FIRST TIME in 11 months, the Rhode Island seasonally adjusted unemployment rate ticked up in December 2018. The measure stood at 3.9 percent: a 0.1 percentage point increase from November but a 0.6 percentage point decrease from December 2017. / COURTESY R.I. DEPARTMENT OF LABOR AND TRAINING

R.I. ends 2018 with 3.9% unemployment

PROVIDENCE – The seasonally adjusted Rhode Island unemployment rate ticked up month to month for the first time since January 2018 according to the...

Five Questions With: Barbara Jackson

If you are part of a manufacturing company looking to switch an employee into a brand-new role, We Make RI can help facilitate an...

Free webinar to focus on General Data Protection Regulation

SMITHFIELD – The Rhode Island Manufacturers Association will will host a free webinar on Thursday, Jan. 17, from 11:30 a.m. to noon. The session,...
EXCLUDING FOOD and energy, producer prices decreased 0.1 percent from November to December, the first decline in a year. Year over year, core producer prices increased 2.7 percent. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

U.S. core producer prices decline for first time in a year

NEW YORK - A key measure of United States producer prices unexpectedly fell in December and the overall gauge declined more than forecast amid...
GENERAL DYNAMICS ELECTRIC BOAT plans to increasing staffing and suppliers in Rhode Island for the company's work on the U.S. Navy's next generation of nuclear-powered submarines./COURTESY GENERAL DYNAMICS ELECTRIC BOAT

General Dynamics Electric Boat: Full speed ahead on submarine work

WARWICK – General Dynamics Electric Boat plans to add between 1,000 and 1,500 jobs in Rhode Island and grow its local network of suppliers...
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