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Providence City Council approves first passage of rent-stabilization ordinance

PROVIDENCE – The City Council gave first approval Thursday night to a controversial rent-stabilization ordinance in a 9-6 vote. The ordinance would cap annual rent...
IDENTIFYING TRENDS: Stefan Pryor, far left, Rhode Island’s commerce secretary, speaks during a panel discussion at Providence Business News’ 2026 Economic Trends Summit at the Marriott Providence on Jan. 22. The other panelists, from left, are David Salvatore, Providence Foundation executive director; Edwin “Ted” Carr, Providence economic development director; and Kristen Adamo, Providence Warwick Convention & Visitors Bureau CEO and president. 
PBN PHOTO/MIKE SKORSKI

For PBN summit panel, government’s role in economy a tricky balance

The role of government and the use of taxpayer money to spur the economy took center stage at Providence Business News’ 2026 Economic Trends...

Providence City Council proposes capping annual rent hikes at 4%; mayor...

PROVIDENCE – The City Council outlined a new rent stabilization proposal aimed at curbing rising housing costs on Tuesday. Under the plan, landlords would be...

PBN’s 2026 Economic Trends Summit being held Jan. 22

PROVIDENCE – Insights on economic development and projected trends for Rhode Island’s economy and key industries this year will be discussed during Providence Business...

New report warns rent control could shrink Providence’s housing supply, drive...

PROVIDENCE – Rent control could reduce the number of available rental units in the city and push more costs onto homeowners, according to a...
David Salvatore was named executive director of nonprofit The Providence Foundation in 2024. He previously served as Providence City Council president. / PBN PHOTO/MICHAEL SALERNO

Keep city moving forward

David Salvatore | The Providence Foundation executive director In times of uncertainty, though our instinct may be to slow down or pull back, it is...

Panel discussion to explore why it’s so difficult now to ‘get...

PROVIDENCE – Marc J. Dunkelman, author of “Why Nothing Works: Who Killed Progress and How to Bring It Back,” will lead a panel discussion on Wednesday...

The Providence Foundation to present past accomplishments, future priorities at 50th...

PROVIDENCE – When David Salvatore recalls the downtown of his childhood, he sees a drab picture: Swaths of concrete, a federal highway traveling through...

‘Superman’ developer seeks ‘last piece of the puzzle’ 

PROVIDENCE – Supporters behind the effort to transform the long-vacant Industrial Trust Co. Building into a mixed-use space with retail and more than 300...
PASSENGERS GET ON a R.I. Public Transit Authority bus at Kennedy Plaza in Providence. / PBN FILE PHOTO/ELIZABETH GRAHAM

Long-term proposals to close RIPTA’s shortfall could face a rough road

While the officials controlling the state's purse strings can point to budget deficits, lagging ridership levels and late efficiency studies as reasons not to...
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