VACANT SPACE: Andrew Galvin, first vice president for commercial realtor CBRE Inc., which is marketing office space on the sixth and seventh floors of the Wexford Science & Technology building in Providence, says the underdeveloped look of the vacant space is intentional, designed to give prospective tenants the freedom to build out the space to their needs. / PBN PHOTO/MICHAEL SALERNO

At Wexford building, empty floors are no worry

It’s 11 a.m. on a sunny, January morning, and the Wexford Science & Technology building – located in Providence’s I-195 Redevelopment District – booms...
PEDESTRIAN-FRIENDLY: Pictured is the Urban Fellow Barber Shop, which moved from its location in Warwick to the Biltmore Garage building at 51 Washington St. in Providence. The move is representative of an influx of retail and service-oriented businesses occupying commercial property ground-floor spaces along major streets throughout the city following a change in zoning in 2014 to make streets more pedestrian-friendly. / PBN PHOTO/MICHAEL SALERNO

Zoning change brings surge of building activity to major streets in...

Three years into a building boom, downtown Providence has expanded its active commercial spaces along major streets, attracting dozens of new and expanded businesses. The...
TAX GUIDES: Anthony Scorpio speaks with Judith Giannini at Mullen Scorpio & Cerilli in Providence. The certified public accountants help small businesses apply new tax laws, such as the Qualified Income Business Deduction. / PBN PHOTO/MIKE SKORSKI

Deductions, depreciation are adding up for some small-business owners

Small-business owners in Rhode Island are taking advantage of tax credits and cuts first made available in 2018 but which are becoming more commonly...
WORLD VIEW: Kevin Papa, partner at Piccerelli, Gilstein & Co. LLP in Providence, has performed tax work for numerous foreign companies with interests in the U.S. / PBN PHOTO/ELIZABETH GRAHAM

Federal tax act may be enticing foreign firms

Nearly 2,220 foreign businesses operated in Rhode Island in 2017, according to data from the R.I. Secretary of State’s Office. But after the federal tax...
DRAFT PICK: Jeremy Ruff, co-owner and head brewer at LineSider Brewing Co. in East Greenwich, says the Rhode Island Brew Fest, which LineSider participated in last year and will be again this month, exposes the brewery to new customers. / PBN PHOTO/MIKE SKORSKI

A chance for R.I. brewers to show off their uncommon craft

If the crowds are lucky at this month’s Rhode Island Brew Fest, they’ll get the chance to sample Crooked Current Brewery LLC’s chocolate milk...
A TALL DRINK: Anna Scott, owner of Anna’s Kitchen Shrub, produces a beverage known as shrub that is made of apple cider vinegar at a facility in Lincoln. The drink has become popular in mocktails and low-alcohol ­cocktails. / PBN PHOTO/MICHAEL SALERNO

Mocktail trend creating opportunity for R.I. firms

Drinking was often part of Anna Scott’s former social life in the corporate banking and finance world. Work conferences came with the expectation of...
SHRINKING NUMBERS: Local banks have seen their net interest margin getting smaller over the last 12 months, which translates to lower interest income. That situation isn’t expected to change much in 2020./ SOURCES: SEC FILINGS; FDIC QUARTERLY BANKING PROFILE

Banks expected to continue feeling squeeze in lending margins

For Marc Perlman, principal owner and CEO of Ocean State Job Lot, the Federal Reserve’s outlook for 2020 is the best business fortune he...
KEEPING TABS: Leonard Lardaro, University of Rhode Island economics professor, says indictors for Rhode Island are looking grim, but he doesn’t foresee a coming downturn as severe as the previous one to hit the state. / PBN PHOTO/MIKE SKORSKI

Economists say next downturn won’t be as bad for R.I.

Rhode Island has cranes in the sky, unemployment below 4%, new companies such as Infosys Ltd. and new jobs have arrived in its capital...
AIMING HIGH: A worker from Shawmut Design and Construction communicates with colleagues at the site of the new Brown University Performing Arts Center on College Hill in Providence. The tower crane is being used in the construction of the building, which is being overseen by Shawmut. / PBN PHOTO/MIKE SKORSKI

In Providence’s College Hill, a new aerial crane rises to the...

As an economic indicator, tower cranes aren’t on the same level as gross domestic product and the consumer price index. But they can make an...
A rendering of reconfigured northbound lanes after construction of the Interstate 95 viaduct is complete in 2025. / COURTESY R.I. DEPARTMENT OF TRANSPORTATION

DOT preps for massive I-95 viaduct project in 2020

While from outward appearances the reconstruction of the Interstate 95 viaduct through downtown Providence seems to be at a standstill, behind the scenes the...
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