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BANKNEWPORT has acquired Offshore Financial Corp. to operate as its marine-financing division./COURTESY OF BANKNEWPORT

BankNewport acquires Offshore Financial

NEWPORT – BankNewport has acquired a New Jersey financial company to operate as its marine-lending division. The Newport-based bank on Monday announced the purchase of...
SINCE THE 2008 RECESSION, total education revenue per full-time equivalent student at Rhode Island public institutions of higher education has risen 2.9 percent. / COURTESY STATE HIGHER EDUCATION EXECUTIVE OFFICERS ASSOCIATION

Report: Public support for higher education in R.I. lags national average

PROVIDENCE – Since the 2008 recession, total education revenue per full-time equivalent student at a public college or university has risen 2.6 percent using...
THE 2017 FEDERAL TAX OVERHAUL will give 64.2 percent of Rhode Island taxpayers a cut in their federal taxes, while 7 percent will see an increase in the 2018 tax year.

Report: 64% of R.I.ers getting tax cut, 7% tax increase in...

PROVIDENCE – Fewer then two-thirds of Rhode Islanders will see a tax cut on their 2018 federal tax bill, according to calculations done by...
JOHNSON & WALES Univesity sold the property at 2081 Post Road, Warwick, which is the site of the Radisson Hotel Providence Airport and a Legal Sea Foods, to Pinnacle Hotel Management for $7.5 million. The university also transferred ownership and management of the hotel to Pinnacle. / COURTESY RADISSON

JWU sells Warwick Radisson Hotel property to Fla. company for $7.5M

PROVIDENCE – The Radisson hotel property it owns at 2081 Post Road in Warwick has been sold to Florida-based Pinnacle Hotel Management for $7.5...
RHODE ISLAND HOUSING'S board of commissioners approved the allocation of $3.5 million to two projects from the state's Housing Trust Fund, a resource designed to expand the supply of quality affordable housing to working families in the state. Above, Rhode Island Housing Executive Director Barbara Fields. / COURTESY RHODE ISLAND HOUSING

RIH allocates $3.5M in affordable housing funds

PROVIDENCE – Rhode Island Housing’s board of commissioners approved the allocation of $3.5 million in Housing Trust Fund resources for two projects that will...
GOV. GINA M. RAIMONDO ORDERED the Division of Public Utilities and Carriers to review National Grid's storm preparedness and response after multiple-day power outages across the state. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Report: R.I. slams National Grid for poor storm response

PROVIDENCE – Rhode Island is seeking to recoup funds from National Grid Rhode Island after releasing a report slamming the utility for its poor...
PBN HAS ANNOUNCED the 2018 C-Suite Award winners.

PBN announces 2018 C-Suite Awards winners

PROVIDENCE – Providence Business News has announced the winners of its 2018 C-Suite Awards Friday, recognizing top C-level executives for public, private and nonprofit...
RHODE ISLAND'S SEASONALLY ADJUSTED UNEMPLOYMENT RATE held steady at 4.5 percent for the third consecutive month according to a Thursday R.I. Department of Labor and Training release. / COURTESY RIDLT

No budge in R.I. unemployment rate

PROVIDENCE – For a third consecutive month in February, Rhode Island’s seasonally adjusted unemployment rate held at 4.5 percent, per a report released by...
NEARLY 300 members of the Rhode Island business community attended an economic-outlook breakfast in Providence/PBN PHOTO/ELI SHERMAN

Rhode Island business leaders maintain bullish outlook on economy

PROVIDENCE – The Rhode Island business community remains largely optimistic about the state’s economic future, although a real-time survey taken Wednesday morning shows the...
THE PROVIDENCE METRO ranked No. 8 in Magnify Money's 10 Best Places for Working Women report. / COURTESY MAGNIFY MONEY

Report: Providence metro ranks No. 8 on Best Places for Working...

PROVIDENCE – Magnify Money ranked the Providence metro area the eighth-best metro for working women in the country this month. The report compared the 50...
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