PBN Economic Summit: Inflation, labor woes will endure

PANELISTS PARTICIPATING in PBN's Economic Trends Summit on Thursday discuss what the future holds for Rhode Island's economy. Clockwise from top left are PBN Editor Michael Mello, who served as moderator; Thomas Sweeney, owner of Sweeney Real Estate and Appraisal; Jeffrey Diehl, executive director and CEO for the Rhode Island Infrastructure Bank; Thomas Tzitzouris, head of fixed income research for Strategas Research Partners; Elizabeth "Betty" Robson, CEO of J.F. Moran Co. Inc.; and Craig Pickell, Chairman and CEO of Bullard Abrasives Inc.
PROVIDENCE – Like any good business owner, Craig Pickell documents every cost increase incurred by his Lincoln manufacturing company, Bullard Abrasives Inc. But the year-end tally, which used to total a few pages, has now swelled to a 1-inch-thick report thanks to constant price hikes in materials, wages and utilities. And Pickell isn’t optimistic that…

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