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ANOTHER WAY?: Arnold Bromberg, right, former co-owner of Benny's Inc. and the grandson of the chain's founder, helps a customer at the Providence store in 2016. The family-owned business closed the following year, in part because there was not another generation of the family ready to take over. Lt. Gov. Sabina Matos says employee ownership might have offered another solution. / PBN FILE PHOTO/MICHAEL SALERNO

Matos: Task force to offer guidance, not dictate business succession

Editor's Choice 10/03/2025

Lt. Gov. Sabina Matos is seeking to encourage employee ownership as a succession plan for small-business owners, but collaboration with the business community and...

REINFORCED: U.S. Navy veteran Christopher Sanford, owner of PuroClean Disaster Restoration Services LLC in Cranston, didn’t panic when the pandemic hit last year. Without much trouble, he received a Paycheck Protection Program loan that helped keep his staff employed. / PBN PHOTO/MICHAEL SALERNO

Vet-owned firms haven’t shied away from PPP loans

Coronavirus 05/28/2021

While small businesses across the state and the country scrambled to secure one of the popular Paycheck Protection Program loans, Christopher Sanford applied for...

HOPEFUL: Adam Batchelder, owner of Smoke & Squeal BBQ food truck and a U.S. Marine Corps Reserve veteran, hopes a law passed last July requiring 3 percent of state government contracts be awarded to businesses owned by military veterans will boost his business. / PBN FILE PHOTO/MICHAEL SALERNO

Military veteran business owners feel new state contract bill not enough

Government 02/23/2018

As of mid-2017, Rhode Island-based military-veteran business owners may have an easier time bidding for state government contracts, or so the General Assembly hopes. A...

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