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Tuesday, September 18, 2018
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Tag: Economic Development

Sixteen applicants are vying for shares of $20M Rhode Island hopes...

Is the future of Rhode Island employment in microgreens? Or is it in super-fast, quantum computers, innovative new materials or promising cancer treatments?How does...
WORTHY OF AUDACITY: The Providence City Plan Commission has rejected proposed changes to city zoning that would allow the Fane Organization to build a 46-story residential high-rise, the Hope Point Tower, on a prominent site overlooking the Providence River downtown.  / COURTESY FANE ORGANIZATION

Providence should not let past strangle its future potential

By rejecting the Fain Organization’s proposed changes to zoning in the Interstate 195 Redevelopment District, the Providence City Plan Commission seems to be more...

Investing in innovation a good bet

Can $20 million reroute a state’s trajectory? That is the question that the Innovation Campus project seeks to answer.Using $20 million in voter-approved bond...
PROVIDENCE is transferring ownership of the Bome Theatre to Tavares LLC in exchange for a $2.2 million investment into the restoration of the property. / PBN FILE PHOTO/MARY MACDONALD

Providence transferring Bomes Theatre in exchange for $2.2M restoration investment

PROVIDENCE – The Bomes Theatre is being taken over by Fernando J. Tavares, owner of Tavares LLC, a local general contractor, the city announced...
A SIMPLE SOLUTION: R.I. Housing Executive Director Barbara Fields, pictured in the agency’s offices, believes one important step in tackling the state’s affordable-housing crisis is to build more housing.  / PBN PHOTO/RUPERT WHITELEY

Affordable housing is more than an inexpensive place to live

The inability of people – especially young people starting out in their careers with less than median salaries and high college debt – to...
OPPORTUNITY ZONES: A map of the nominated census tracts in Rhode Island that Gov. Gina M. Raimondo submitted to the U.S. Treasury Department as Opportunity Zones, areas in which investors become eligible for tax incentives for investing in real estate projects or businesses. / COURTESY COMMERCE RI

Raimondo nominates 25 R.I. investment ‘opportunity zones’ to U.S. Treasury Department

PROVIDENCE – In the federal Tax Cut and Jobs Act of 2017, there was a provision designed to encourage investment in low-income areas that...

Can too much transparency hinder economic development?

There’s a running debate between the state and some outside parties about how much information related to luring business here should be shared with...
A PLAN BY JONSTON-BASED Carpionato Group proposes more than 300,000 square feet of commercial space on the east bank of the Providence River in the former Interstate 195 land, along with more than 100 apartments and a hotel. It will be presented to the I-195 Redevelopment Commission. / COURTESY CARPIONATO GROUP

Townhouses, retail spaces proposed for waterfront I-195 parcels

Update: The I-195 Redevelopment District Commission public meeting has been postponed. A new date has not yet been determined.PROVIDENCE – Three real estate development...
DO DEVELOPERS NEED HELPING HAND? Former Providence Mayor Joseph R. Paolino Jr. has taken advantage of tax-sta-bilization agreements to redevelop a number of city properties, including the more than 150-year-old Case-Mead Building. Without such incentives, Paolino said the city is “behind the eight-ball” when it comes to development. But some challenge the need for the tax breaks. / PBN FILE PHOTO/MICHAEL SALERNO

Providence TSA update needed to increase investment

For years Providence has had a justly earned reputation as one of the most difficult cities in which to develop real estate. Between costs,...
R.I. COMMERCE CORP. launched a new small business hotline number, (401) 521-HELP, to make it easier for local businesses to contact the agency and to raise awareness about the services it offers. Commerce RI is also launching an ad campaign to promote the hotline, such as the print ad above, that will run through June. / COURTESY R.I. COMMERCE CORP.

Commerce RI launches small business hotline, ad campaign

PROVIDENCE – The R.I. Commerce Corp. launched a new small business hotline number Monday, (401) 521-HELP (401-521-4357) designed to make it easier for small...
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