Providence Foundation - Providence Business News

Donald Zambarano

Financial Services 08/29/2025

PBN Leaders & Achievers Awards 2025 DONALD ZAMBARANO KPMG LLP Providence office managing partner; U.S. sector leader, private equity DONALD ZAMBARANO HAS SPENT his entire 30-year career...

RIPTA eyes fare hikes, route reductions to close $17.6M deficit

Government 06/30/2025

PROVIDENCE – The R.I. Public Transit Authority is proposing fare hikes and service reductions to close the $17.6 million deficit it faces in fiscal...

OPPOSED: Randall Rose, a member of the Kennedy Plaza Resilience Coalition, is pictured in front of one of the parcels next to the train station recommended for a new R.I. Public Transit Authority hub. PBN PHOTO/PAUL J. SPETRINI

Stuck in transit: Is RIPTA’s long hunt for bus hub location...

Cover Story 05/09/2025

In 2014, the R.I. Department of Transportation produced a video promising a state-of-the-art transit hub to replace the “overcrowded” Kennedy Plaza in downtown Providence,...

AT THE HELM: David Salvatore has been executive director of The Providence Foundation for less than a year, but the nonprofit business association has been focused on economic development and urban revitalization in downtown Providence for half a century.  PBN PHOTO/MICHAEL SALERNO

For 50 years, an advocate for downtown success

Economy 03/28/2025

Unless there was a sporting event or the circus was in town, David Salvatore was probably not venturing into downtown Providence when he was...

WATERPLACE PARK is being looked at as one of downtown Providence's city parks to be included in a new nonprofit that's being develop to support vibrancy with the city's parks. / COURTESY WATERFIRE PROVIDENCE

Nonprofit to support Providence parks in the works

News Story 03/10/2022

PROVIDENCE – The original idea of the Downtown Providence Parks Conservancy was to create a pedestrian-friendly environment, promote arts and culture and bolster economic...

THE STATE IS IN HEAVY NEGOTIATIONS on a deal that "has legs" to redevelop the Industrial Trust Co. Building in downtown Providence into residential units, according to Gov. Daniel J. McKee. / PBN FILE PHOTO

McKee: ‘Heavy’ negotiations ongoing for Superman building, proposal ‘has legs’

Economic Activity 02/03/2022

PROVIDENCE – Rhode Island officials said they are currently engaged in serious negotiations with the owner of the Industrial Trust Co. Building – Rhode...

CROSSROADS RHODE ISLAND was awarded $495,000 from the city of Providence to support a new citywide mobile diversion program for Providence residents experiencing unsheltered homelessness. / COURTESY CROSSROADS RHODE ISLAND

Crossroads Rhode Island gets $495K to address homelessness; new fund created

Government 12/08/2021

PROVIDENCE – City officials, along with the Rhode Island Foundation, Providence Foundation and Crossroads Rhode Island, on Wednesday announced a new collaboration to address...

THE FAVORED SITE for a new state laboratory is Lot 3 of Parcel 25 in the I-195 Redevelopment District, a vacant 1.07-acre site at the corner of Richmond and Clifford streets, according to an R.I. Department of Health presentation. / COURTESY R.I. DEPARTMENT OF HEALTH

I-195 Redevelopment District’s Parcel 25 eyed for proposed, 5-story R.I. health...

Government 10/18/2021

PROVIDENCE – The R.I. Department of Health is gaining support for its proposal to build a 5-story building that would house a new state public health...

DECISION PAYING DIVIDENDS: Manny Tampella, manager of La Masseria restaurant in East Greenwich, says the Main Street eatery is experiencing its “best year ever,” helped in part by the traditionally dine-in restaurant’s decision to start offering takeout meals. / PBN PHOTO/MICHAEL SALERNO

R.I.’s resilient downtowns: Main Streets across the state scarred but ready...

Coronavirus 10/15/2021

In downtown Pawtucket, a bookstore reinvented itself by beefing up its online presence and ramping up services for fledgling authors looking to self-publish their...