Thursday, March 28, 2024

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SIGNIFICANT OPPORTUNITY: Elizabeth Manchester, an attorney at Partridge Snow & Hahn in Providence, said the baby-boom generation and impending transfer of wealth through deferred giving will create opportunities for nonprofits.
 / PBN PHOTO/MICHAEL SALERNO

Nonprofits need plan to manage deferred giving

Royal Little did a lot with his life. When he died at age 92 in early 1989, the New York Times referred to him...
HYBRID PRODUCT: Geraldine B. Cunningham, president and CEO of First Financial Advisory Services, with Matthew Cunningham, left, and Peter Robinson, at her Westerly office. Cunningham said her business has seen more interest in a hybrid long-term care insurance product that allows people to pay over a 10-year period while they are still working and includes a death benefit if the person dies before using the long-term care services.  
 / PBN PHOTO/RUPERT WHITELEY

Insurance policies target long-term care

Baby boomers are planning for end of life, transforming a relatively new insurance option that combines long-term care and life insurance into a $4...
CUSTOMER SERVICE: Aaliyah Perez is a customer service representative at HealthSource RI’s walk-in center in East Providence. The state’s health insurance exchange had enrolled 31,771 people for coverage in 2019 as of Dec. 10.
 / PBN PHOTO/MICHAEL SALERNO

HealthSource RI enrollment ahead of last year’s pace

HealthSource RI is running ahead of last year in enrolling Rhode Islanders for health insurance coverage in 2019. With the deadline approaching on open enrollment,...
ENGAGING STUDENTS: ­Denise Coppa, interim associate dean of graduate programs at the University of Rhode Island’s College of Nursing, teaches a class at the Rhode Island Nursing Education Center in Providence. / PBN PHOTO/MICHAEL SALERNO

URI launches mental health nurse practitioner master’s program

Nationwide, and here in Rhode Island, the health care industry is suffering from a documented shortage of qualified nurse practitioners. Employment in the sector across...
SEEKING INVESTMENT: Inclusion in the nationwide Opportunity Zone program could mean an influx of new investment and development for regions of the state deemed low-income census tracts. Each of the 25 Rhode Island tracts, the maximum nominations allowed by each state, has a greater-than-27 percent poverty rate. Investors in the program – who could fund everything from startups and business expansions to real estate deals – will be eligible for tax benefits. / SOURCE: R.I. COMMERCE CORP.

New Opportunity Zone program could help banks meet CRA requirements

Included in the 2017 $1.5 trillion federal tax overhaul heralded by President Donald Trump and passed by Congressional Republicans was the Opportunity Zone program. Encouraging...
ASSISTING CUSTOMERS: Bank teller Kayla Beauvais, left, helps Jacqueline Daigneault of Cumberland at the Citizens Bank branch in town at 2000 Mendon Road. / PBN PHOTO/MICHAEL SALERNO

Some banking regulatory requirements easing

A decade after the financial crisis, the banking industry appears to be in great shape. Profits are way up and some of the regulatory...
STEADY GROWTH: Rick Cohn organized the Rhode Island Real Estate Investor Group in 2003. It meets monthly and has 200 members. The group is structured to provide networking and information for real estate investors on topics of interest, including the upcoming tax law changes.
 / PBN PHOTO/MICHAEL SALERNO

Investor groups grow with rising market

Investment groups seeking new members are attracting would-be entrepreneurs and investors to meetings around Rhode Island. Some are informal, formed among friends or co-workers. Others...
WISE INVESTMENT: Michael R. Melton, pictured with students, is a finance professor and director of the Center for Advanced Financial Education at Roger Williams University in Bristol. He said investing in a company that manages its affairs in a socially and environmentally “sustainable” way is good for both the company and its investors over the long term.
 / PBN PHOTO/DAVE HANSEN

Socially responsible investing gaining in popularity, especially among millennials

Some pundits say socially responsible investing is, for lack of a better term, horse pucky. If that’s true, there’s a lot of money in...
ADAPTIVE REUSE: Erik Bright, right, has recently opened, and is now leasing, an adaptive reuse building at 47 Rathbone St. in Providence, which is catering to design and artist collaborations. With Bright is neighbor Tim Ferland of The Steel Yard.
 / PBN PHOTO/MICHAEL SALERNO

Rathbone Studios preserves piece of city’s commercial history

When Erik Bright purchased a Depression-era set of warehouses in 2016, the buildings had seen better times. Encrusted with graffiti and in disrepair, the warehouses...
FINANCIAL BOOST: A $100,000 Small Business Assistance Program loan from R.I. Commerce Corp. helped Shaidzon Beer co-owners Josh Letourneau, left, and Chip Samson launch their brewing company in South Kingstown. / PBN FILE PHOTO/MICHAEL SALERNO

Commerce RI helps secure $10M for small businesses through SBAP loans

From kegs and bottles to packaging materials and professional costs, when Shaidzon Beer Co. was setting up in the months prior to its November...
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