Great Recession - Providence Business News

ROOM TO RUN: Robert Wheeler, co-owner of Friends of Toto Inc. in Pawtucket, spent $400,000 to double his business space but must now attract more customers to cover the cost.  PBN FILE PHOTO/MICHAEL SALERNO

It’s not if but when on recession, so get ready

Editorial and Op-Ed 02/03/2023

Inflation and a looming recession have weighed heavily on local business owners and state leaders for months. And with good reason, as this week’s...

If a recession comes this year, how will it affect the...

Economy 01/27/2023

Thomas Tzitzouris, head of fixed income research at Strategas Research Partners, expects the Federal Reserve will raise its benchmark interest rate until it maxes...

Shutterfly CEO sees ‘choppy’ times through her economic lens

Economic Activity 11/28/2022

SAN FRANCISCO (AP) – While other technology companies lay off workers and try to cut other costs amid a post-pandemic comedown, Shutterfly CEO Hilary...

BUSINESS TRIALS: Cumberland-based Neurotech Pharmaceuticals Inc. has been among the companies dealing with supply chain and hiring challenges. Pictured above are CEO Richard Small and process development engineer Lovisa Selander.  PBN FILE PHOTO/RUPERT WHITELEY

PBN survey: Businesses beat down but still fighting

Coronavirus 09/30/2022

The worst of the health-related ravages of the pandemic may be over nationally if you believe President Joe Biden. But the economic consequences continue...

U.S. consumers gaining confidence as gas prices keep falling

Capital Goods 09/27/2022

WASHINGTON (AP) – U.S. consumers grew more confident for the second month in a row as gas prices continued to fall. The Conference Board said...

WORKING TOGETHER: Panelists discuss the ways government and businesses in Rhode Island can work hand in hand to increase access to funds and develop a larger talent pool for various industries during a virtual conversation moderated by PBN Editor Michael Mello, center, and Mark S. Murphy, top left. Clockwise from the top middle are: Eric M. Shorr, Michael E. McKelvy, Edward O. “Ned” Handy III, Marcela Betancur, Chris Parisi and Betty Robson.

Call to arms for government, businesses

Coronavirus 11/26/2021

On the occasion of Providence Business News’ 35th anniversary, six business and community leaders joined in a virtual discussion on Rhode Island’s economy –...

EXPANDED OFFERINGS: John Nunes Jr., owner of Newport Vineyards and Winery LLC in Middletown, said the business has fared much better in weathering the COVID-19 pandemic than it did the 2008 financial crisis due to its diversification into “agritainment,” offering customers a full experience of wining, dining and touring the 100-acre farm beyond just selling bottled wine. / PBN PHOTO/DAVE HANSEN

PBN survey: Rebound under way, but repercussions from pandemic not making...

Cover Story 10/01/2021

Rhode Island businesses are climbing out of the crater caused by the COVID-19 pandemic, but many are finding that the lingering fallout is dampening...

Will frenzy in home sales last?

Coronavirus 03/05/2021

While 2020 marked the worst of times for many Rhode Islanders, for those selling high-end homes it was an absolute banner year. As this week’s...

EYEING SPRING: Warwick’s Apponaug Brewing Co. is hoping spring will bring crowds back to a large outdoor patio. Above, foreground, is co-owner Kris Waugh. / PBN FILE PHOTO/MICHAEL SALERNO

Businesses see more reasons for hope than in 2008

Coronavirus 02/19/2021

When PBN started its biannual business survey during the depths of the Great Recession in 2008, the local economy was experiencing the most sustained...