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PRODUCT OF THE PANDEMIC: Megan McCutcheon displays some of the items she produces for Newport Needlepoint LLC, a company she started when the state went into a lockdown last spring at the height of the pandemic. / PBN PHOTO/KATE WHITNEY LUCEY

For many, COVID-19 sparks desire to start a venture

After Michelle Politano was laid off when the COVID-19 pandemic arrived last year, she made the decision to pursue her lifelong dream of opening...
WEIGHING OPTIONS: Linda and Bill Bombach are the co-owners of Home Healthsmith LLC in Portsmouth. The business sells and installs home wheelchair lifts and elevators. Linda Bombach says prices for plywood and other supplies used to make the lifts and elevators have increased, but she hasn’t yet decided whether to pass along those additional costs to her customers.  / PBN PHOTO/TRACY JENKINS

PBN SURVEY: Businesses realizing pandemic pain is going to last

Rhode Island businesspeople are coming to terms with the harsh reality that the COVID-19 pandemic will likely hurt their bottom lines for years to...

PBN survey: Most R.I. businesses foresee recovery from pandemic within a...

Despite the economic devastation inflicted by COVID-19, Rhode Island businesspeople remain optimistic that the worst is over and their businesses can only improve in...

Positive outlook needed for small-business recovery

Throughout the 13-year history of PBN’s biannual business survey, owners have tended to be more positive about the future of their own companies than...
REBUILD READY: From left, Mark Van Noppen, CEO of RCG Armory LLC, architect Jack Ryan and Seth Zeren, principal of RCG Armory, stand in the room of a former nursing home at 31 Parade St. in Providence. Armory purchased the building a few years ago and will use Rebuild Rhode Island tax credits to turn it into 12 apartments. / PBN PHOTO/RUPERT WHITELEY

Raimondo reengineered Commerce RI, but its true test may be yet...

Few would dispute that Rhode Island is in better shape economically than it was five years ago when Gov. Gina M. Raimondo began her...
STEADY GROWTH: Nancy Parker Wilson, owner of Greenvale Vineyard in Portsmouth, with her son Bill Wilson, the operations manager. Parker Wilson says the vineyard has seen steady growth in its seasonal tasting and events business, a function of increasing interest in agritourism and the “eat local” movement. / PBN PHOTO/TRACY JENKINS

PBN survey: In election year, more R.I. companies say no to...

Rhode Island businesspeople have revived their optimism about the future of the state economy, but they appear reluctant to back up their improved outlook...
SHRINKING NUMBERS: Local banks have seen their net interest margin getting smaller over the last 12 months, which translates to lower interest income. That situation isn’t expected to change much in 2020./ SOURCES: SEC FILINGS; FDIC QUARTERLY BANKING PROFILE

Banks expected to continue feeling squeeze in lending margins

For Marc Perlman, principal owner and CEO of Ocean State Job Lot, the Federal Reserve’s outlook for 2020 is the best business fortune he...
KEEPING TABS: Leonard Lardaro, University of Rhode Island economics professor, says indictors for Rhode Island are looking grim, but he doesn’t foresee a coming downturn as severe as the previous one to hit the state. / PBN PHOTO/MIKE SKORSKI

Economists say next downturn won’t be as bad for R.I.

Rhode Island has cranes in the sky, unemployment below 4%, new companies such as Infosys Ltd. and new jobs have arrived in its capital...

Get ready for next recession

While fears of an imminent recession appear to be fading, it is not a question of if but when the next one is felt...
FINISHED ORDER: Machine operator Claudia Herrera completes an order at ParsonsKellogg in East Providence. The company prints and embroiders company logos on products for promotional purposes.
 / PBN PHOTO/MICHAEL SALERNO

R.I. bizs much more confident in themselves than state economy

Rhode Island businesspeople can be an insecure bunch. Even when the economy appears to be humming along, many have difficulty shaking a nagging feeling that...
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