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VESTED INTEREST: Gina Lalli, senior loan officer at Shamrock Home Loans, hopes interest-rate cuts will come in 2024 to spur some home sales activity. New mortgage applications in November were 20% lower than they were a year earlier.
PBN PHOTO/DAVID HANSEN

Real estate industry ready for some rate cuts

While many real ­estate agents are dream sellers, Gina Lalli, senior loan officer at Shamrock Home Loans in Newport, often has to give buyers...

2024 forecast: R.I.’s unemployment – ‘nowhere to go but up’

During the COVID-19 pandemic, University of Rhode Island economist Leonard Lardaro says he noticed businesses in the South County region of the state posting...

R.I. firm’s tech will soon help doctors nationwide

The rise of telemedicine is increasing the demand for doctors to provide care across state borders, and virtual health care allows doctors to reach...
OPEN UP: Dentist Milton J. Liu, right, and dental assistant Lori Beth Adler prepare to examine the teeth of patient Anthony Northup at Wood River Health in Hopkinton. 
COURTESY WOOD RIVER HEALTH

Trip to dentist on Block Island? Boat no longer needed

For years, many Block Island residents without private insurance had to go through a tedious process if they needed a dental checkup. This usually involved...
WATCH THIS SPACE: Stacey Messier, general manager at Cambridge Innovation Center Providence, a 62,000-square-foot coworking office established at 225 Dyer St. in 2019, says she believes the business model “continues to rise in popularity.” 
PBN FILE PHOTO/RUPERT WHITELEY

Despite failures, landlords still see future in coworking spaces

The recent bankruptcy filing by national coworking space operator WeWork Inc. – once valued at $47 billion before its estimated worth plummeted to $360.9...
COMPANY CRED: Bacary Diatta says his food company Kassumay LLC is going well, but it could be doing better if it was easier to obtain a business loan. 
PBN PHOTO/­MICHAEL SALERNO

Fear grows about reduced ability to access capital

When Bacary Diatta moved from Senegal to the United States in 2018, he knew he wanted to start a business that would add value...
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...
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