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The R.I. COMMERCE CORP. Investment Committee voted unanimously on Wednesday to recommend a Qualified Jobs Incentive Tax Credit to East Greenwich-based electric outboard boat motor company Flux Marine Ltd in an effort to keep the company from relocating to Connecticut.

Commerce committee supports tax credits to keep Flux Marine in R.I.

PROVIDENCE – The R.I. Commerce Corp. Investment Committee voted unanimously on Wednesday afternoon to recommend a Qualified Jobs Incentive Tax Credit to electric outboard...

British wind turbine company abandons Quonset building, hiring plans

NORTH KINGSTOWN - A British company planning to build a training facility for wind turbine maintenance workers at Quonset Business Park with the help...
PAOLINO PROPERTIES LP is seeking an award under the Rebuild Rhode Island Tax Credit Program to offset costs as it works to turn the long vacant, six-story Studley Building at 86 Weybosset St. in downtown Providence into apartments as part of a $17.9 million renovation. The company is turning the office building into 65 residential units. / COURTESY PAOLINO PROPERTIES LP

Paolino seeks tax credits for $17.9M Studley Building apartment project

PROVIDENCE – Paolino Properties LP is seeking an award under the Rebuild Rhode Island Tax Credit Program to offset costs as it works to...
R.I. COMMERCE CORP.'S BOARD OF DIRECTORS is voting on Friday, March 4, 2021, on whether to authorize its staff to enter into one-year contracts worth a total of $3.44 million for marketing services and tourism advertising from the Tallahassee-based Zimmerman Agency Inc. and the Providence-based RDW Group Inc. / COURTESY R.I. COMMERCE CORP.

R.I. Commerce board OKs $3.4M for tourism push

PROVIDENCE – R.I. Commerce Corp.’s board of directors approved spending up to $3.44 million between two vendors for tourism advertising, including media buying and...

McKee, R.I. Commerce Corp. providing grants to hard-hit hospitality, tourism and...

PROVIDENCE – On the anniversary of his year in office, Gov. Daniel J. McKee and the R.I. Commerce Corp. announced Wednesday an $8 million...
SUSAN MOCARSKI, owner and principal designer of Providence-based Cleverhood LLC, is eager to make trips overseas again so the company can better connect with distributors and large retailers in markets where Cleverhood's outerwear is already popular. / PBN FILE PHOTO/ELIZABETH GRAHAM

For R.I. business community, in-person trade missions making a comeback

As more countries ease COVID-19 travel restrictions, in-person trade missions are making a return, and some in the Rhode Island business community already have...

R.I. Commerce Corp. program seeks support groups to aid businesses with...

PROVIDENCE – R.I. Commerce Corp. is seeking proposals for the third installment of the Take It Outside grant program funded this time at $4.5...
HILARY FAGAN has been named the new president of R.I. Commerce Corp. / COURTESY R.I. COMMERCE CORP.

R.I. Commerce Corp. taps Fagan as new president

PROVIDENCE – Hilary Fagan will become R.I. Commerce Corp.’s new president next month, replacing Jesse Saglio. The quasi-public agency announced late Monday that Fagan, R.I....
ABOUT 200 PEOPLE attended Providence Business News' 2022 Book of Lists Premier Event at the Graduate Providence. / PBN PHOTO/MIKE SKORSKI

PBN officially debuts 2022 Book of Lists at Graduate Providence

PROVIDENCE – Approximately 200 local business individuals gathered Thursday at the Graduate Providence to network with one another during Providence Business News’ 2022 Book...
THE FORECASTERS: Panelists participating in PBN’s Economic Trends Summit on Feb. 10 discuss what the future holds for Rhode Island’s economy. Clockwise from top left are PBN Editor Michael Mello, who served as moderator; Thomas Sweeney, owner of Sweeney Real Estate and Appraisal; Jeffrey Diehl, CEO and executive director for the Rhode Island Infrastructure Bank; Thomas Tzitzouris, head of fixed income research for Strategas Research Partners; Elizabeth “Betty” Robson, CEO of J.F. Moran Co.; and Craig Pickell, chairman and CEO of Bullard Abrasives Inc.

Plenty of challenges ahead, but which to solve first?

Inflation. Supply chain bottlenecks. Worker shortages. The pandemic-induced fires are spreading fast, and companies are struggling to figure out which ones to put out first. Local...
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