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The right way to attract business

As companies labor to stay afloat amid the coronavirus pandemic, some businesses that feel hemmed in by local or statewide workplace safety mandates have...

Legislative impact on business

Do you think the General Assembly is doing enough to support Rhode Island-based businesses? No: 100% Yes: 0% What legislation should the state focus on to aid...
THE R.I. COMMERCE CORP. IS CONSIDERING UP TO $800,000 in Qualified Jobs Incentive tax credits for the data science firm Aretec Inc. to expand into Rhode Island.

Commerce to consider incentives for data science firm

PROVIDENCE – At a meeting scheduled for Monday evening, the R.I. Commerce Corp. board of directors will consider incentives for Aretec Inc. to expand...
GETTING A BOOST: As the 2019 session of the Rhode Island legislature comes to an end, the fiscal 2020 budget includes an expansion of potential incentives for the luxury residential Hope Point tower, to be built ON former Interstate 195 land in Providence. / COURTESY THE FANE ORGANIZATION

Was the R.I. House correct to raise the limit for tax...

In the last-minute rush to pass a budget for fiscal 2020, the R.I. House of Representatives threw a few curve balls, not the least...

Commerce RI approves incentives for Aloft Hotel, Custom & Miller Box

PROVIDENCE – The R.I. Commerce Corp. board of directors approved incentives for CV Properties LLC and Custom & Miller Box on Jan. 28. CV Properties...
THE COMMERCE RI Board of Directors approved incentives for CV Properties and its construction of the Aloft Hotel in the I-195 Innovation District. Above on the right, an initial rendering of the hotel. Commerce also approved incentives for the relocation and staff hiring at Custom & Miller Box and approved five innovation vouchers Monday. / COURTESY ­WEXFORD SCIENCE & ­TECHNOLOGY

Commerce RI approves incentives for Aloft Hotel, Custom & Miller Box

PROVIDENCE – The R.I. Commerce Corp. board of directors approved incentives for CV Properties LLC and Custom & Miller Box, as well as Innovation...
SHATTERED DREAM: Pictured is the site of the former Apex department store in downtown Pawtucket, which had been the proposed location for a new ballpark for the Pawtucket Red Sox until the team announced it found a better deal with Worcester, Mass., where it will be moving in two years./ PBN FILE PHOTO/PAMELA BHATIA

Given the departure of the Pawtucket Red Sox to Worcester, Mass.,...

With the reality of the departure of the Pawtucket Red Sox setting in, political leaders and small business owners are cassting about for ways...

BBJ: Rubius Therapeutics raises $241M in IPO, highest for biotech company...

PROVIDENCE – Cambridge, Mass.-based Rubius Therapeutics Inc. raised $241 million in its initial public offering Wednesday, the highest for a biotechnology company in Massachusetts...
RUBIUS THERAPEUTICS was approved for a potential $9 million in tax incentives by the R.I. Commerce Corp. Thursday. The company plans to retrofit a Smithfield manufacturing facility through a $155 million investment.

Biotech firm Rubius Therapeutics gains state incentives, will open new plant

PROVIDENCE – R.I. Commerce Corp., the state’s economic development agency, on Thursday approved a package of tax reductions and incentives potentially worth more than...
DESIGNING PARTNERSHIP: Half a year after Gov. Gina M. Raimondo revealed Infosys’ plans to create a Design and Innovation Hub in Providence, the company announced it was partnering with RISD to build a training curriculum here. 
 / PBN FILE PHOTO/CHRIS BERGENHEIM

Design talent a major lure for Infosys decision to come to...

When Infosys announced its intention late last year to hire 500 people and create a Design and Innovation Hub in Providence, it was only...

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