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ALL IN: Citizens Financial Group Inc. has hired more than 100 people from the former First Republic Bank’s wealth management arm in order to launch its own private bank to service high-wealth clients. 
PBN FILE PHOTO/NICOLE ­DOTZENROD

Citizens looks to capitalize on its new private bank

When San Francisco-based First Republic Bank imploded last spring and its financial assets were sold to JPMorgan Chase & Co., Citizens Financial Group Inc....
RELIEVED: Scott McCullough, co-owner of Symposium Books Inc. in Providence, is happy he won’t have to pay a tangible property tax, thanks to legislation passed by state legislators that exempts businesses from the first $50,000 they would typically owe in tangible taxes. 
PBN PHOTO/MIKE SKORSKI

New tax exemption to make tangible difference in R.I.

At Symposium Books Inc. in downtown Providence, the property making up the store’s physical backbone – its numerous bookcases, for instance, or the computers...
PROTECTION PLAN: Gian Gentile, left, and brother Brendan Gentile, owners of SecurityRI.com, say the company receives more calls this time of year from businesses looking for security against ­shoplifters. 
PBN PHOTO/MICHAEL SALERNO

Shop owners bracing for theft before holidays

Stressed about the holidays already? You’re not alone. Every year, shop owners not only worry about stocking shelves with the right products, they also need...
HELP NEEDED: Dr. Michael Wagner, left, CEO and president of Care New England Health System, discusses the health services industry in Rhode Island, including workforce development, with other panelists at Providence Business News’ Fall 2023 Health Care Summit on Oct. 25. Others on the panel include, from left, Brown University’s Dr. Scott Rivkees, Dr. Raj Hazarika from Point32Health Inc. and John Fernandez, CEO and president of Lifespan Corp. Moderating is PBN Editor Michael Mello, standing. 
PBN PHOTO/MIKE SKORSKI

For hospital executives, solving labor shortages a top task

When asked whether the lingering workforce shortages are affecting access to care, Rhode Island’s health care leaders had a clear answer. “Yes, period, end of...
CREDIT ­PROBLEM: Michael Garcia, partner at Kahn, Litwin, Renza & Co. in Providence, says uncertainty over the federal Employee Retention Credit program is creating problems for countless businesses that had sought the credit following the COVID-19 pandemic. 
PBN PHOTO/MIKE SKORSKI

Flap over ERC claims puts strain on firms

It’s been more than 18 months since one of Michael Garcia’s clients applied for an Employee Retention Credit and it’s still not clear when...
IN PROGRESS: Melissa Quinn, managing director of the Newport Performing Arts Center, says restoration work on the decorative plaster around the proscenium arch that frames the stage behind her is still needed as part of renovating the former Opera House Theater to become the center’s new home.
PBN PHOTO/DAVID HANSEN

The next act of the Newport Opera House’s long-awaited restoration

For decades, the historic Opera House Theater has been the focus of grand visions of restoration. So far, those visions have been unrealized. The brick...
REVIEW NEEDED: Alicia J. Samolis, chair of the labor and employment practice at Partridge Snow & Hahn LLP, says most businesses should take a closer look at their employee handbook after the latest ruling by the National Labor Relations Board. 

PBN PHOTO/MICHAEL SALERNO

Work policies may need refresh after NLRB ruling

A recent National Labor Relations Board ruling may force employers of all sizes to rewrite their employee policy handbooks to meet a new legal...
AN INSIDE LOOK: Margaret Morrissey-Basler, assistant professor of health sciences, second from left, instructs students in an anatomy class at Providence College. Traditionally, liberal arts colleges are putting more emphasis on professional majors, such as the nursing program at PC, as interest has grown. 
PBN PHOTO/MIKE SKORSKI

Some liberal arts schools adapting to major shifts

With nurses in high demand, and the field remaining a popular career choice despite workforce shortages, Providence College officials had high hopes for the...
GIVING CREDIT: Rhode Island College, along with the University of Rhode Island and the Community College of Rhode Island, is being required to establish ways of awarding academic credit for students who participate in registered apprenticeship programs.
COURTESY RHODE ISLAND COLLEGE

New law: R.I. public colleges must plan for apprenticeships

A new state law requires public higher education institutions to establish ways of awarding academic credit to students who participate in registered apprenticeship programs. “These...
HEALTHY CHOICES: Anusha Venkataraman, managing director of the Central Providence Opportunities Health Equity Zone, at Merino Park in Providence, where residents in several city neighborhoods voted to install composting toilets, as well as make improvements at other city parks. 
PBN PHOTO/MICHAEL SALERNO

These Providence residents were asked how best to spend $1M in...

If you were given $1 million to improve the health and wellness of the people in your neighborhood, how would you spend it? That question...
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