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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...
PBN PHOTO/MICHAEL SALERNO

Five Questions With Edward M. Mazze

Edward M. Mazze | Distinguished university professor of business administration, University of Rhode Island 1. Business rankings have measured different elements of the Rhode Island...
PROPERTY PLANS: Christine M. West, principal at KITE Architects in Providence, looks at some residential plans for a property in Exeter with Albert Garcia, principal.
 / PBN PHOTO/MICHAEL SALERNO

Business is good, but many companies take a “wait-and-see” attitude

Business continues to be good for most Rhode Island companies, and a majority expect that to continue, though their optimism is tempered by uncertainty...

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...
LOOKING AHEAD: David L. DeQuattro, right, managing principal of Providence-based RGB Architects, looks at building plans with Martin Holland, job captain. DeQuattro anticipates an increase in construction business in the Ocean State in 2018. / PBN PHOTO/MICHAEL SALERNO

Business owners see reasons for optimism, despite high health care costs...

Despite signs business growth could be slowing in the Ocean State, the private sector is bullish about 2018 and is looking to hire at...

Health, education see slow growth in R.I.

Lackluster growth in health and education employment could spell trouble for the Ocean State, where job gains or losses in any segment of the...
TEAM APPROACH: Donald R. Nokes, president and founder of NetCenergy, an information technology services firm, converses with employees at their Cranston office. From left, Kelsey Nokes, manager, business systems; Greg Morrell, network engineer; Donald R. Nokes, president; and Chris Aloisio, lead engineer. / PBN PHOTO/MICHAEL SALERNO

Outsourcing helps keep businesses competitive, but is it hurting job growth?

Donald R. Nokes started NetCenergy, an outsourced information technology firm, about 14 years ago. Today, from its headquarters in Cranston, the company provides IT support...

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