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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...
TECH INCUBATOR: Innovate Newport Director of Entrepreneurship and Innovation Tuni Schartner gives a tour of the former Sheffield School on Broadway in Newport, which will serve as the location of Innovate Newport. The business incubator will house small companies, startups and entrepreneurs in the fields of marine and environmental technology, cybersecurity and renewable energy.
 / PBN PHOTO/KATE WHITNEY LUCEY

Can a new business incubator keep a bigger slice of Navy...

For years, community leaders in Newport have watched as the nearby Naval ­Undersea Warfare Center has farmed out billions of dollars in contracts to...
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...

PROVIDENCE – A newly constructed apartment building, the second phase of Edge College Hill, will qualify for $6 million in state tax credits, under...
BUSY DEVELOPER: Arnold “Buff” Chace is the managing partner for Cornish Associates LP, which has several ongoing projects in downtown Providence, including three historical buildings on Westminster Street that are being renovated into apartments/retail. Chace stands in front of one of the properties, The Peerless Building at 150 Union St.
 / PBN PHOTO/MICHAEL SALERNO

Despite some permitting improvements, developers often ‘going nowhere fast’ in Providence

The developer of a riverfront hotel proposed for Providence gained initial approval from the I-195 Redevelopment District Commission a year ago, giving him clearance...
A WORK IN PROGRESS: ­Competing agencies and their often at-odds agendas continue to make development in Providence less robust than it might be. 
 / PBN FILE PHOTO/
PAMELA BHATIA

State, local regulations still hampering development in R.I.

The opening of a March 2015 PBN story, titled “Why is it so hard to build in Providence?” sounds eerily familiar to those reading...

Construction begins on new apartment building in Jewelry District

PROVIDENCE – A groundbreaking ceremony for Chestnut Commons was held recently, signaling the beginning of construction on the $33 million project.The mixed-use development will...

Rebuild Rhode Island tax credit program surpasses $100M mark

PROVIDENCE – The state’s Rebuild Rhode Island tax credit program recently exceeded the $100 million mark with last month’s award to Rubius Therapeutics Inc.The...
THE HOUSE APPROVED A $9.6 BILLION fiscal 2019 budget on Friday. / PBN FILE PHOTO/NICOLE DOTZENROD

House-passed budget outlines revenue-sharing from sports betting

PROVIDENCE — The House late Friday approved a $9.6 billion budget that continues a car-tax phaseout and outlines how revenue from newly authorized sports...
FINLAYS celebrated a ribbon cutting for its new R&D and manufacturing facility in the Quonset Business Park. From left, Steven J. King, managing director of Quonset Development Corp., Gov. Gina M. Raimondo, Steve Olyha, CEO of Finlay Extracts & Ingredients USA, Stefan Pryor, R.I. commerce secretary, and Richard A. Welch, president, North Kingstown Town Council. / COURTESY FINLAYS

Finlays celebrates ribbon cutting at new Quonset Park facility

NORTH KINGSTOWN – Finlay Extracts & Ingredients USA Inc. celebrated the ribbon cutting for its 28,800-square-foot global research and development, and manufacturing center at...
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