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Thursday, May 24, 2018

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THE SMALL BUSINESS Administration has released its latest state profiles. / COURTESY SMALL BUSINESS ADMINISTRATION

More small-business firms, employees reported by latest SBA R.I. profile

PROVIDENCE - More than half, 52.7 percent, or 224,254 individuals, of the state's workforce was employed at 99,821 small businesses operating in the state...
UNITED STATES manufacturing expanded in April. / BLOOMBERG FILE PHOTO / TY WRIGHT

U.S. factory gauge dips to 9-month low as inflation heats up

NEW YORK - United States manufacturing expanded last month at the slowest pace since July, while prices paid for materials continued to accelerate amid...
RIDOT HAS ISSUED a RFP for an autonomous transit service between Olneyville and Downtown Providence which it said could fill the transit gap caused by construction on the 6-10 Interchange. / PBN FILE PHOTO/ MICHAEL SALERNO

RIDOT issues RFP for autonomous transit service development

PROVIDENCE – The R.I. Department of Transportation has issued a request for proposals to companies that can design and test and eventually deliver an...
With extensive experience in operations, sales, finance and engineering, as well as mergers and acquisitions both domestically and in the Far East, Edward McMahon has successfully positioned New Bedford-based Epec Engineered Technologies as one of the fastest-growing companies in the electronics industry. / PBN PHOTO/RUPERT WHITELEY

M&A can bring energy, new ideas to region’s businesses

Edward McMahon | Epec Engineered Technologies CEOAt Epec we’ve been fortunate to grow organically and through acquisition from $4 million to $50 million in...
GROWTH INDUSTRY: Joseph O’Connell, vice president of business development at AstroNova, meets with company managers, part of routine walks through the offices. From left, Steve Holbrook, quality assurance manager; O’Connell; Jennifer Pray, marketing communications manager; Mike Natalizia, chief technology officer and vice president of technology partner alliances; and Josh Dumont, plant manager. / PBN PHOTO/RUPERT WHITELEY

O’Connell shepherds AstroNova toward continued growth

CHIEF MARKETING OFFICER/BUSINESS DEVELOPMENT OFFICER | Joseph O’Connell, AstroNova Inc.Since he joined AstroNova Inc. 22 years ago, Joseph O’Connell, vice president of business development,...
GENERAL DYNAMICS credited work on the Virginia Class submarine as one of the reasons its first-quarter revenue increased this year. / COURTESY ELECTRIC BOAT

General Dynamics reports $799M Q1 profit

NORTH KINGSTOWN – General Dynamics, parent organization of Electric Boat Corp., reported earnings of $799 million for the first quarter of 2018 on Thursday.The...
ORDERS PLACED with United States factories for business equipment eased unexpectedly in March. / BLOOMBERG FILE PHOTO/TY WRIGHT

Orders for U.S. capital equipment in March ease unexpectedly

NEW YORK - Orders placed with United States factories for business equipment eased unexpectedly last month after a smaller February advance, indicating a more...
CADENCE has signed a definitive agreement to be acquired by the equity firm Kohlberg & Company.

Cadence to be acquired by N.Y.-based equity firm

CRANSTON – Cadence Inc., the Staunton, Va.-headquartered end-to-end engineering and manufacturing service company with an operation in Cranston has entered an agreement to be...
U.S. FACTORY OUTPUT rose 0.1 percent in March. /BLOOMBERG FILE PHOTO/TY WRIGHT/GETTY IMAGES

Factory output in U.S. cools after surging in previous month

NEW YORK - United States factory production cooled in March after surging a month earlier, representing a pause in an otherwise strong manufacturing sector, Federal...
A BELIEVER IN RHODE ISLAND: Amgen Rhode Island vice president of operations Tia Bush said that the company's decision to build a new plant in Rhode Island was "a testament to our skilled, dedicated workforce" at the company's West Greenwich manufacturing facility. / PBN FILE PHOTO/RUPERT WHITELEY

Tax incentives are back in the news with Commerce RI granting...

The R.I. Commerce Corp. has approved up to $9.2 million in incentives for Amgen Inc. to build a $165 million biomanufacturing plant in West...
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