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Trump denies disaster declaration for R.I. from February’s historic blizzard

PROVIDENCE – A request for federal disaster assistance from February’s historic blizzard has been denied, the state’s congressional delegates announced Monday.  On July 2, President...
SHIPPING AND HANDLING: Hideaway Solutions LLC CEO Dana Pinnock boxes up one of the Bristol company’s fold-out step stools as owner-operator Lancelot Pinnock looks on.
PBN PHOTO/MICHAEL SALERNO

Bristol-based furniture maker building national reputation

At Hideaway Solutions LLC, every cut of wood, hinge and finished fold-out step stool and wall-mounted desk tells a story of careful design and...

R.I. eligible for SBA loans for economic injury from February blizzard

PROVIDENCE – All five counties in Rhode Island are eligible for Economic Injury Disaster Loans for those impacted by the historic February blizzard, The...
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...

Washington Trust hires 2 vice presidents for commercial banking team

WESTERLY – The Washington Trust Co. has hired Daniel Hagerty and Thomas Quinlan as vice presidents on its commercial banking team, the bank announced...

BankNewport holding company reports record $3B in assets at annual meeting

NEWPORT – OceanPoint Financial Partners, the mutual holding company for BankNewport, reported record total assets of $3 billion for 2025, the company announced at...

Connect with Commerce: R.I. seeing strong growth in new businesses

(Editor’s note: This is the second in an occasional series focused on questions from Providence Business News readers for R.I. Secretary of Commerce Stefan...

SBA names R.I. Small Business Week winners; VIBCO’s Wadensten earns top...

PROVIDENCE – The U.S. Small Business Administration on Monday named its 2026 Small Business Week award winners in Rhode Island, including Karl Wadensten, president...

SBA: Rhode Island small businesses received $179M in loans in 2025

SMITHFIELD – Rhode Island small businesses received $179 million in loans in fiscal year 2025, a 56.9% increase over the previous year. A total of...

HarborOne Bank to host resource and networking event focused on small...

PROVIDENCE – HarborOne Bank will bring together business leaders, financial experts and government resource providers for “Unlock Your Business Potential” on Jan. 22, an...
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