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SMOOTH TRANSITION: Chloe Chassaing, an employee owner of White Electric Coffee in Providence, which shifted to an employee ownership model in 2021, says the Rhode Island Center for Employee Ownership that is part of legislation being advanced by lawmakers could help smooth out the uncertainty when transitioning a business to an employee ownership model by connecting sellers and employees to financing pathways, valuation expertise and technical support early in the process.
PBN PHOTO/MICHAEL SALERNO

Legislation would create employee ownership center to ease business transitions

When White Electric Coffee in Providence changed hands in 2021, it didn’t go to a corporate buyer or a retiring owner’s handpicked successor. It...

BankNewport selected as Legacy Builder Sponsor of National Small Business Week...

PROVIDENCE – BankNewport has been selected by Skills for Rhode Island’s Future and the U.S. Small Business Administration as the Legacy Builder Sponsor of National...

Robert Piechota was appointed district director of the U.S. Small Business Administration’s Rhode Island district office in September. He joined the agency in 2019 as branch manager of the Long Island, N.Y., office and spent two years as deputy district director for Delaware’s district office. / PBN PHOTO/MICHAEL SALERNO

Fear and ego stall success

Robert Piechota | U.S. Small Business Administration Rhode Island district director I have found that there is one key trait shared by successful business leaders....
ROBERT PIECHOTA has been named the new U.S. Small Business Administration Rhode Island district director. / COURTESY U.S. SMALL BUSINESS ADMINISTRATION

Piechota named new U.S. SBA Rhode Island district director

PROVIDENCE – The former U.S. Small Business Administration’s Delaware district director will be heading north to the Ocean State to lead the SBA’s Rhode...
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