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Commerce board approves 3 innovation vouchers, tax incentives

PROVIDENCE – The R.I. Commerce Corp. board of directors voted to approve three innovation vouchers Tuesday evening, each for a value of $50,000.The award...
THE FARM FRESH Rhode Island food hub is seeking about $2.2 million in state Rebuild Rhode Island tax credits. / COURTESY CITY OF PROVIDENCE.

Farm Fresh Rhode Island food hub seeks state development incentives

PROVIDENCE – A $15.5 million project by Farm Fresh Rhode Island to create a food hub and permanent indoor farmer’s market in a newly...
THE R.I OER, R.I. DEM AND COMMERCE RI endorsed the Revolution Wind Farm and the contract between National Grid Rhode Island and Orsted in advisory opinions Friday. / BLOOMBERG NEWS FILE PHOTO/ERIC THAYER

OER, DEM and Commerce RI support Revolution Wind contract in advisory...

PROVIDENCE - The R.I. Commerce Corp., the R.I. Office of Energy Resources and the R.I. Department of Environmental Management filed advisory opinions on the...
WELLS FARGO has agreed to pay $812,500 to the SEC to settle charges related to the financing of 38 Studios.

Wells Fargo agrees to $813K settlement to SEC over 38 Studios...

PROVIDENCE – Wells Fargo Securities LLC has agreed to a $812,500 settlement with the Securities and Exchange Commission over its role in the 38...
IMPROVEMENTS UNDERWAY: ProvPort Terminal Manager Chris Waterson identifies a section of the port that will handle wind turbines. The port is undergoing improvements after voters in 2016 approved $20 million in upgrades.  / PBN PHOTO/MICHAEL SALERNO


Can the Ocean State stay in the race for offshore wind-energy...

The nation’s first offshore wind farm is spinning off Block Island. But Rhode Island appears to be playing catch-up to neighboring Massachusetts in preparing...
PBN FILE PHOTO/
RUPERT WHITELEY

Most-read stories on PBN.com, February 2019

1. Two R.I. chefs named James Beard Award semifinalists POSTED ONLINE: FEB. 27. Ben Sukle, chef and co-proprietor of Oberlin restaurant, and James Mark,...
GREEN ENERGY: David Lamb, assistant director of utilities management at the University of Rhode Island, and Marcia Garcia, URI’s sustainability officer, stand among a field of solar panels in South Kingstown. The solar array is part of the 40-megawatt South Kingstown Solar Collaboration facility, of which URI is one of three partners. 
 / PBN PHOTO/BRIAN MCDONALD

R.I.’s solar industry has grown with the help of state incentives....

After stints in the California, Nevada and Texas solar-energy industries, Kenny Hsieh learned of the financial incentives offered in Rhode Island, picked up his...
THE R.I. COMMERCE CORP. has approved $6 million in tax increment financing for Westminster Partners LLC to construct the Hotel Hive in two vacant buildings on Westminster Street./ COURTESY ABDO DEVELOPMENT

Commerce RI approves $6M TIF for Hotel Hive construction, among other...

PROVIDENCE – The R.I. Commerce Corp. voted to approve a $6 million tax increment financing agreement for Westminster Partners LLC’s construction of the Hotel...

Textiles are still vital to R.I. economy

On Feb. 11, the Ocean State showed the textile industry a little love, holding its first Academic & Textile Industry Networking Fair.Included in its...
CONFIDENCE WANING? Matt Fair, center, of Hayes & ­Sherry Real Estate Services, listens with colleagues during PBN’s first Economic Trends Summit in Providence on Feb. 15. Panelists said perennial concerns such as rising health care costs and uncertainty about changing federal policies are dampening optimism about an otherwise strong economy.
 / PBN PHOTO/RUPERT WHITELEY

Optimism tempered by uncertainty

Rhode Island’s economy is doing well, but a handful of perennial bugaboos, along with actions at the federal level, have dampened the business community’s...
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