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MORE EFFORT NEEDED: Rhode Island needs better infrastructure, more housing and more effort to foster emerging industries, according to panelists at Providence Business News’ Economic Trends Summit on Jan. 26, which included from left: keynote speaker Thomas Tzitzouris, head of fixed income research at New York City-based Strategas Research Partners; Karl Wadensten, CEO and president of VIBCO Inc.; Peter Phillips, chief investment officer at Washington Trust Wealth Management; Julietta Georgakis, chief of staff for the R.I. Executive Office of Commerce; and Kevin Casey, vice president of sales at Sweeney Real Estate & Appraisal.
PBN PHOTO/MIKE SKORSKI

PBN summit: With recession looming, R.I. economy faces big test

The predicted downturn in 2023 will test Rhode Island’s business owners in a state that has yet to adequately prepare its labor force with...
KARL WADENSTEN, second from left, CEO and president of VIBCO Inc., makes a point during the panel discussion at Providence Business News' 2023 Economic Trends Summit in Providence on Thursday. Also on the panel is, from left, Thomas Tzitouris, head of fixed income research at Stratgas; Peter R. Phillips, senior vice president and chief investment officer at Washington Trust Wealth Management; Julietta Georgakis, chief of staff for the R.I. Executive Office of Commerce; and Kevin Casey, vice president of sales at Sweeney Real Estate & Appraisal. At far right is PBN Editor Michael Mello, the moderator. / PBN PHOTO/MIKE SKORSKI

PBN summit panel: Economic indicators say recession coming in 2023

PROVIDENCE – In many ways, the party is over. At least that's the way the panelists at Providence Business News’ Economic Trends Summit on Thursday...

Commerce at crossroads: How will the gubernatorial election change R.I.’s economic...

Gov. Daniel J. McKee was in his element as he strolled along Main Street in East Greenwich one afternoon in July. It was another stop...
A NEW R.I. COMMERCE secretary is expected to be announced June 27.

New R.I. commerce secretary to be announced June 27

PROVIDENCE – A new state secretary of commerce is expected to be announced by Gov. Daniel J. McKee on June 27, McKee spokesperson Matt...
THE R.I. OFFICE OF INNOVATION closed permanently last June without a public announcement except for a notice on its website. The office was created under Gov. Gina M. Raimondo in 2016. PBN FILE PHOTO/CASSIUS SHUMAN

Change in state leadership led to permanent closure of R.I. Office...

PROVIDENCE — A shift in state leadership hastened the closure of the R.I. Office of Innovation, according to state and former office employees who...

Employee housing proposal on state’s radar for consideration by General Assembly

PROVIDENCE – An employee housing proposal birthed by a local manufacturer has caught the attention of Gov. Daniel J. McKee and Rhode Island’s legislative...

Employee housing proposal sparks thoughts of mill villages

RICHMOND – Warren Fry’s housing situation became a nightmare when a pesky neighbor caused him to move out of his apartment in Westerly where...
COMMITTED TO COLLABORATION: Mary Johnson, left, program manager for Polaris MEP and the Rhode Island Textile Innovation Network, speaks with Michael Woody, president of Trans-Tex LLC and RITIN, in 2018. In the background is Tanya Dumrongmanee, Polaris program ­consultant. / PBN FILE PHOTO/MICHAEL SALERNO

Making the sector more resilient

MANUFACTURING The trends in manufacturing over the past decade, including lean processes and increased efficiency, took a back seat in the last two years. Innovation...
Karl Wadensten

Karl Wadensten

Before the pandemic, Karl Wadensten was known as Rhode Island’s king of lean manufacturing. And no one who knows the outspoken CEO and president...

Vaccine-based bonuses for workers raise concerns

PROVIDENCE – As COVID-19 case counts continue to rise, and the state of Rhode Island appears perched to institute a bonus program for union...
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