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GIVING GOALS: David N. Cicilline, who became Rhode Island Foundation CEO and president in 2023, unveiled a five-year strategy for the state’s largest funder of nonprofits in 2024. The new plan identified six community priorities that will guide the foundation’s grantmaking.
PBN FILE PHOTO/MICHAEL SALERNO

Federal funding cuts put nonprofits to the test

It took years for Rhode ­Island’s nonprofits to put the COVID-19 pandemic in the rearview mirror, but the sector found it had a new...
STRING SKILLS: ­Machine operator Maria Dacruz works on the production floor of Neocorp Inc., a standard and technical rope and bungee cord maker in Pawtucket. Neocorp was among the local manufacturers that dealt with inflated tariffs in 2025. 
PBN FILE PHOTO/­MICHAEL SALERNO

It hasn’t been easy for R.I. factories

Manufacturers throughout the U.S. have largely spent the past year-plus reeling from rapidly shifting tariffs implemented under President Donald Trump, and Rhode Island companies...
HANGING HANDS: Roger Williams Medical Center was one of two troubled Rhode Island hospitals – the other was Our Lady of Fatima – purchased by the nonprofit Centurion Foundation in 2026 after taking several years trying to line up financing and obtain approvals. 
PBN FILE PHOTO/MICHAEL SALERNO

R.I. healthcare system struggles to make recovery

Massive cuts to insurance, persistent staffing shortages and widespread financial woes continue to vex Rhode Island’s healthcare system in 2026, though the Ocean State...
PAINFUL PINCH POINT: The Washington Bridge debacle has dogged state officials since half of the bridge was shut down in December 2023 because it was in danger of collapse. 
PBN FILE PHOTO/WILLIAM HAMILTON

For the state officials, it’s been one drama after another

Gov. Daniel J. McKee, a former lieutenant governor who became the state’s chief executive when two-term Gov. Gina M. Raimondo was tapped as U.S....
MOVING IN: 
Construction worker Fabiola Roman installs drywall at a new Bank Rhode Island branch in Newport in 2023. The bank is now called Beacon Bank. Several smaller banks expanded their branch networks in Rhode Island over the last five years, while bigger financial institutions shuttered some of their branches. 
PBN FILE PHOTO/DAVID HANSEN

Banks adjust as borrowing costs climb

In early 2022, Rhode Island’s banks were still operating in an environment defined by abundant liquidity and historically low interest rates. COVID-19 pandemic-era stimulus programs...
BACK AT IT: 
An Orsted A/S vessel is docked to one of the massive wind turbines off the coast of Rhode Island. Work on the turbines was delayed because of Trump administration orders, but it has resumed after the courts stepped in. 
AP FILE PHOTO/JOSHUA A. BICKEL

Offshore wind sector hits turbulence

State officials and labor leaders geared up for years in preparation for the promise of the offshore wind industry – thousands would need to...
A DIFFERENT CLASSROOM: Douglas S. Alexander, director of the Institute for Cybersecurity & Emerging Technologies at Rhode Island College, speaks with RIC senior Miled Kalbourji in the institute’s cyber range classroom in 2025. 
COURTESY RHODE ISLAND COLLEGE

R.I. higher-ed institutions reshaping talent pipelines

Educational institutions have come around to the idea that there is more than one kind of classroom, as students learn both on campus and...
TIGHT GRIP: Joe Depena, owner and fitness manager at VP Fitness on Dorrance Street in Providence, works with his ­client, Alice Negrao, of Providence, in 2018. 
PBN FILE 
PHOTO/MICHAEL SALERNO

Fit for expansion

VP Fitness (Published Sept. 7, 2018) YEAR ESTABLISHED: 2011 TYPE OF BUSINESS: Fitness club THEN: OWNER: Joe Depena LOCATION: 10 Dorrance St., Suite 200, Providence EMPLOYEES: 28 ANNUAL SALES: $1.3 million NOW: OWNER: Joe...
Bruce Van Saun

Driving Forces: Bruce Van Saun

Bruce Van Saun Citizens Financial Group Inc. chairman and CEO The clear-eyed leader of the largest Rhode Island-based bank told weary state business leaders what they...
Karl Wadensten

Driving Forces: Karl Wadensten

Karl Wadensten VIBCO Inc. president; R.I. Commerce Corp. board member A LOT HAS changed at the R.I. Commerce Corp. over the years, including leadership, staff members,...
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