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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...
ANOTHER WORKER for Lt. Gov. Sabina Matos’ failed congressional campaign in 2023 has changed his plea in a scandal involving fraudulent signatures on nomination papers, according to a report by WPRI-TV CBS 12. / COURTESY PROVIDENCE CITY COUNCIL

Report: 2nd ex-Matos campaign worker pleads no contest in nomination scandal

PROVIDENCE – A second contractor for Lt. Gov. Sabina Matos’ failed congressional campaign in 2023 has changed his plea to no contest to accusations...

Elections board backs Amore’s proposal to let voters sign candidate nomination...

A proposal to let Rhode Island voters sign candidates’ nomination papers electronically – increasing access and fending off fraud – inched forward Jan. 13...

Republican Guckian launches bid for governor

PROVIDENCE – Another Republican candidate has officially entered the 2026 gubernatorial race.  Aaron C. Guckian, 49, of East Greenwich, kicked off his campaign for governor of Rhode Island...
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

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...

Retiring business owners should consider selling to employees, R.I. task force...

NORTH KINGSTOWN – When a small-business owner retires or steps down, a well-loved community fixture and local economic driver often vanishes with their exit. Employers...

Salve poll: McKee, some other top R.I. elected officials viewed unfavorably

NEWPORT – New poll numbers released Wednesday continue a bad trend for Gov. Daniel J. McKee when it comes to public perception from local...

Report: Matos campaign worker pleads no contest in signature scandal, avoids...

PROVIDENCE – The women at the center of the signature scandal during Lt. Gov. Sabina Matos’ failed congressional campaign in 2023 has been spared...

Officials celebrate opening of Track 15 Food Hall

PROVIDENCE – Track 15 Food Hall is now officially open for business.  Federal and state officials on Tuesday celebrated the opening of the highly anticipated,...

McKee: R.I. small-business owners need to stay the course amid federal...

PROVIDENCE – Gov. Daniel J. McKee on Monday urged Rhode Island's small-business owners to stay the course and strategize amid the current federal funding...
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