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Tag: R.I. Commerce Corp.

Commerce CMO Salamano to return to private sector in Jan.

Government
PROVIDENCE – R.I. Commerce Corp. Chief Marketing Officer Lara Salamano is returning to the private sector in mid-January, Commerce RI announced on Dec. 10.During...
LARA SALAMANO will depart her role as chief marketing officer at Commerce RI for the private sector in mid-January. / PBN FILE PHOTO/MICHAEL SALERNO

Commerce CMO Salamano to return to private sector in Jan.

Government
PROVIDENCE – R.I. Commerce Corp.’s Chief Marketing Officer Lara Salamano is leaving the administration to return to the private sector in mid-January, according to...
RHODE ISLAND'S 5 PERCENT hotel tax collections totaled $3.2 million in August. The Omni Providence Hotel, pictured above, accounted for $73,587 of the tax collection for the month. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

5% hotel tax collection stays level at $3.2M in Aug.

Government
PROVIDENCE - Collection of the 5 percent hotel tax in August totaled $3.21 million, a 1 percent increase from $3.18 million the year prior,...
FINANCIAL BOOST: A $100,000 Small Business Assistance Program loan from R.I. Commerce Corp. helped Shaidzon Beer co-owners Josh Letourneau, left, and Chip Samson launch their brewing company in South Kingstown. / PBN FILE PHOTO/MICHAEL SALERNO

Commerce RI helps secure $10M for small businesses through SBAP loans

Entrepreneurship
From kegs and bottles to packaging materials and professional costs, when Shaidzon Beer Co. was setting up in the months prior to its November...
RHODE ISLAND'S 5 PERCENT hotel tax collections totaled $3.1 million in July. The Omni Providence Hotel, pictured above, accounted for $76,220 of the tax collection for the month. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

R.I. 5% hotel tax totals $3.1M in July

Government
PROVIDENCE - Collection of the 5 percent hotel tax in Rhode Island totaled $3.1 million in July, a 1.3 percent increase year over year...
A RENDERING OF Edge College Hill Two, a new apartment building proposed for the base of College Hill in Providence. / COURTESY DBVW ARCHITECTS

Commerce RI authorizes $9M in Rebuild Rhode Island tax credits for...

Economic Activity
PROVIDENCE – A newly constructed apartment building, the second phase of Edge College Hill, will qualify for $6 million in state tax credits, under...
WHILE IT DID NOT get the nod as one of the two cities chosen by Amazon.com for its HQ2 project, Providence did make a bid, which included this rendering of a glass-laden Superman Building as part of the pitch. / COURTESY R.I. COMMERCE CORP.

Are you happy or sad that Amazon.com bypassed Providence for its...

Economic Activity
The news that Amazon.com is splitting its HQ2 program among two cities, Arlington, Va., and New York City, is big news. But will the...
RUBIUS THERAPEUTICS reported a $26.4 million loss for the third quarter. The company does not yet generate revenue.

Rubius reports $26.4M loss for Q3

Entrepreneurship
PROVIDENCE – Cambridge, Mass.-headquartered Rubius Therapeutics Inc. announced a $26.4 million net loss for the third quarter of 2018 Tuesday. The company reported an...

Despite false start, transformation of Jewelry District taking shape

Cover Story
On a recent gray, autumn afternoon, early rush-hour traffic was backing up along Point Street in the old Jewelry District in downtown Providence. Most...
PAWTUCKET MAYOR Donald R. Grebien, along with local officials, issued a call to action Wednesday for the state, Pawtucket, Central Falls and Hasbro to come together to find an economic package and agreement that would keep the toy company located in Pawtucket. / PBN PHOTO/CHRIS BERGENHEIM

Grebien calls on state and Hasbro to work together to keep...

Economic Activity
PAWTUCKET – In a call to action, Pawtucket Mayor Donald R. Grebien Wednesday issued a plea to the Governor’s Office, R.I. Commerce Corp. and...
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