Court OKs Lifespan – Pine agreement
PROVIDENCE – Lifespan may proceed with its plan to appoint a community-
based board of directors and revise its bylaws as the result of an
agreement reached by the hospital group and Jeffrey Pine, the previous
attorney general, and approved by the Superior Court. The court issued a
restraining offer on June 16, 1998 against the proposed Lifespan
reorganization plans on the basis of a complaint filed by then Attorney
General Pine. The agreement followed a review of Lifespan’s finances and
its proposed bylaw changes by an independent agency selected by Pine and
paid for by Lifespan. The agreement called for a modification of the
bylaws to assure that the majority of the membership of the board of
directors and governors be made up of Rhode Island residents or those
who work in Rhode Island, and that the representatives of the Boston-
based New England Medical Center constitute no more than 20 percent of
the board of directors. The revised bylaws are subject to approval by
the boards of trustees of Lifespan’s individual participants.
Arico
appointed acting DBR director
PROVIDENCE – Anthony V. Arico, Jr., deputy director of the state
Department of Business Regulation since 1976, has been appointed acting
director of the department by Gov. Lincoln Almond. Almond said Arico
would replace Barry Hittner until a new director is appointed. Hittner,
who was appointed by Almond in his first term, resigned to return to
private practice. Arico, a Barrington resident, attended Barrington
schools, as well as the Air Force School of Administration and the
University of New Hampshire Extension Division.
Three schools benefit from telecomm.
fund
WASHINGTON,. D.C. – Three Rhode Island schools, Our Lady of Mercy
Regional School in East Greenwich ($2,049), South Kingstown School
District ($2,153) and Wheeler School of Providence ($1,001) have
benefited from the latest round of funding by the Schools and Libraries
Corporation. The funds are directed at improving classroom technology,
such as Internet access and e-mail. The Telecommunications Act of 1996
established a $2.25 billion fund to help schools and libraries obtain
discount financing in obtaining new technology. They are able to save as
much as 90 percent of the cost under the program. So far Rhode Island
has obtained more than $1.3 million to finance school and library
technology purchases, according to the office of Sen. Jack Reed.
Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…
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Park museum chosen for space ed.
program
PROVIDENCE – Roger Williams Park’s Museum of Natural History and
Planetarium has been chosen to participate in the Star Station One
program. It is one of 60 such museums in the country selected to
participate in the national program designed to develop awareness of the
International Space station. The project in which 16 countries are
participating is scheduled for completion in 2004. The earth-orbiting
station will serve as a laboratory for the study in various scientific
areas, including technology and medicine. The Star Station One program
was developed by the Bishop Museum of Honolulu, in cooperation with
Space Station Houston and sponsored by the Boeing Corporation. The
program will involve a series of interactive demonstrations related to
the space station over the next three years. The museum plans a series
of workshops for teachers to enhance classroom instruction.
Entrepreneur honors Cumberland woman
CUMBERLAND – Entrepreneur Magazine has chosen Diane Catalano of
Cumberland as the third ranking woman entrepreneur in the nation. In
announcing what it described as the 10 top women entrepreneurs in the
country, Entrepreneur noted the rise of the Catalano Construction Co.
from its beginning in 1989 with $12,500 to its recorded $4.7 million in
gross sales in 1997. Catalano, as its president, operates the company
along with her husband, Bernie, who is vice president. Diane handles the
company’s finances and union business while Bernie, who is trained as a
civil engineer deals with most of the construction work. The company,
located at 10 Nate Whipple Highway, operates as both a general
contractor and subcontractor for larger firms on jobs throughout the
state as well as Massachusetts and Connecticut.
Cellular Medicine Center seeks
proposals
PROVIDENCE – A request from new Rhode Island biotechnology firms for
proposals for funds to develop their biotechnology and tissue
engineering projects has been issued by the Rhode Island Center for
Cellular Medicine. The request is issued under the center’s Commercial
Innovations Awards program. This is the third year of the awards program
for the Center for Cellular Development one of two centers established
under the auspices of the Rhode Island Economic Policy Council. The
center’s objective is to nurture and help the development of
biotechnology jobs in the state. A briefing for potential applicants is
scheduled for 3 p.m. Jan. 14 at the center’s office in downtown
Providence. Deadline for submission of proposals is Feb. 15, 1999, with
awards to be announced in March. A $100,000 limit has been placed on
awards, although $75,000 was the highest award to individual companies
in previous years.
Avco sale approved, Textron reports
PROVIDENCE – Full regulatory approval of Textron’s sale of its Avco
Financial Services division has been received, the parent company has
announced. Textron said it hoped to complete its sale of Avco to
Associates First Capital Corp. of Irving, Texas, later this month for
$3.9 billion.
Newport bank opens in Bristol
BRISTOL – The Bank of Newport opened a branch office in Bristol last
week. Located at Gooding Avenue and Hope Street, the branch includes
three drive-up teller stations and a drive-up ATM. The branch is the
bank’s ninth.
