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INVESTED: Rhode Island Foundation President and CEO Neil D. Steinberg and Jessica David, senior vice president of strategy and community investments, have helped launch 12 Rhode Island entrepreneurs through RIF’s innovation fellowship program. / PBN PHOTO/MICHAEL SALERNO

Six years in, RIF innovation fellows’ impact unclear as they fight...

Six years ago, the Rhode Island Foundation announced it was accepting applications for something called an innovation fellowship. The program, funded by local philanthropists...
ALLAN TEAR, co-founder and managing partner of Betaspring. An audit by the U.S. Treasury Department found that Betaspring misused $803,644 to fund operations from the Treasury's State Small Business Credit Initiative. / PBN FILE PHOTO/Michael Salerno

Federal audit finds Betaspring intentionally misused $804K

PROVIDENCE – A federal audit released this week claims business-accelerator and consultant Betaspring LLC intentionally misused $803,644 to fund operations in 2012.A manager of...
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