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LOOKING AHEAD: Josh Daly, left, co-founder of Local Return, says the retirement of manufacturers without a succession plan is a “huge economic development issue.” With him is Nancy Forster-Holt, clinical associate professor at the University of Rhode Island’s College of ­Business. 
PBN PHOTO/­ELIZABETH GRAHAM

R.I.’s manufacturing sector braces for owner exits

A wave of retiring business owners is about to reshape Rhode Island manufacturing, where 80% are approaching an exit without clear succession plans. At least,...

Raytheon invests $100M in Portsmouth facility

PORTSMOUTH – Raytheon announced Monday it is investing $100 million in its facility at 1847 West Main Road to accelerate radar testing and interceptor...
GIVING VOICE: Ann Clanton, founder and owner of Ann Clanton Communications, is pictured in front of the R.I. Statehouse.
PBN PHOTO/MICHAEL SALERNO

Everybody’s Business: Communications firm allows Clanton to fuse her love of...

(Editor’s note: This is the 70th installment in a monthly series speaking with minority business owners and leaders. Each will be asked their views...

Election 2026: Foulkes pitches $150M Ocean Economy Investment Fund, regulatory reforms

PROVIDENCE – Democratic gubernatorial candidate Helena B. Foulkes on Thursday proposed borrowing $150 million to fund improvements to port infrastructure and supply chains in...

Cormier nominated to head R.I. Life Science Hub

PROVIDENCE – Bob Cormier, who has more than 25 years of medical-device and healthcare experience, has been nominated to be the CEO and president of...

Bill extending bar hours during World Cup games wins GA approval

PROVIDENCE – Last call at bars and restaurants will be extended to the final whistle during some matches of the 2026 FIFA World Cup,...

Lombardi named president of Green Oceans

LITTLE COMPTON – Michael Lombardi, an underwater diving scientist, technologist and contractor, has been named president of Green Oceans, the nonprofit organization announced Monday.  Lombardi, a...
MEETING OF MINDS: Bob Chatman, left, Slater Technology Fund director, discusses the fund’s portfolio with Thorne Sparkman, Slater’s managing director, at the CIC Providence LLC building, the location of several companies that Slater has invested in. 
PBN PHOTO/MICHAEL SALERNO

A HIGH-STAKES VENTURE: Slater startup fund has placed bets on 140...

Rhode Island’s old industrial base had already been decimated by the mid-1990s when state leaders scrambled to find ways to reinvent and revive the...

R.I. Commerce Corp. opens satellite office in Newport

NEWPORT – R.I. Commerce Corp. alongside local officials on Monday held a ribbon cutting for its new satellite office at Innovate Newport. The quasi-public agency...

North Kingstown neighbors sue state agencies over sludge plant project

After securing backing from town officials, state legislators and the top two Democratic gubernatorial candidates, North Kingstown residents are now turning to the state...
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