Providence Business News
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Providence Business News provides local business news for Rhode Island and Southeastern Massachusetts. Our mission is to be the trusted business news and information source for the Rhode Island and Southeastern MA business community providing timely, insightful, in-depth and breaking news coverage that advances individual and company growth and success in local, state and global markets.
Providence Business News
42m ago
PROVIDENCE – Greg Calderiso, founder of Just Breathe, was named the first-place winner of the 2024 Rhode Island Business Competition’s Pitch Contest. Just Breathe, which netted the top prize of $20,000 in cash plus in-kind services, is a provider of a relaxation device that is placed into the mouth and uses light airflow to guide ..read more
Providence Business News
2h ago
BOSTON – Brookline Bancorp Inc., the parent company of Bank Rhode Island, on Wednesday reported a profit of $14.7 million in the first quarter of 2024, a 93% increase from the $7.6 million posted the year prior. Earnings per diluted share were 16 cents, an increase from 9 cents per share reported the year prior.  ..read more
Providence Business News
2h ago
PROVIDENCE – Textron Inc. on Thursday reported a $201 million profit in the first quarter of 2024, a 5.2% increase from $191 million last year. The company reported a profit of $1.03 cents per diluted share, up from 82 cents one year prior. The results missed Wall Street expectations. The average estimate of six ..read more
Providence Business News
3h ago
WASHINGTON (AP) – The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers – the main driver of economic growth – kept spending at a solid pace. Thursday’s report from the Commerce Department said the gross domestic product – the economy’s total output of ..read more
Providence Business News
15h ago
SEEKONK – Moss Home Solutions, a real estate investment firm that facilitates cash sales between distressed homeowners and real estate investors, recently purchased a new headquarters on the state line between Massachusetts and Rhode Island. Moss Home Solutions announced that it plans to expand its staff and operations through its purchase of this 5,300-square-foot facility ..read more
Providence Business News
15h ago
Nichole Longtin is a residential mortgage adviser at CrossCountry Mortgage LLC in East Greenwich. Prior to joining CrossCountry Mortgage in September 2023, Longtin was a branch manager for Total Mortgage Services LLC for about four years. She started her career in 2003 as a mortgage loan processor and worked for several companies before getting licensed ..read more
Providence Business News
15h ago
NEWPORT – A residential condominium in the historic Clarke Street Meeting House, a converted church property, recently sold for $1.59 million, according to Compass Inc., which represented the buyer in the transaction. The residence at 15 Clarke St., both Unit 8 and Unit 13B, includes two bedrooms, two full bathrooms and one half-bathroom as the ..read more
Providence Business News
15h ago
BARRINGTON – A 0.75-acre property on the waterfront recently sold for $1.15 million, according to Residential Properties Ltd., which represented the buyer in the transaction. The land is located at 11 Mathewson Road, close to the Police Cove Park and Boat Ramp, a public boat launch and park on the Barrington River, which leads out ..read more
Providence Business News
21h ago
PROVIDENCE – All the single and multi-spaced parking meters across the city are now being replaced under an initiative unveiled on Wednesday by Mayor Brett P. Smiley and the Department of Public Works. The mayor said the city has redirected $1.2 million in remaining American Rescue Plan Act funds to purchase the new 1,056 single-space ..read more
Providence Business News
22h ago
Media Contact: Faye Pantazopoulos, Creative Director South County Tourism Council fpantazopoulos@southcountyri.com 857.225.4261 (mobile) FOR IMMEDIATE RELEASE: April 24, 2024, Charlestown, RI – The South County Tourism Council premiered their 2024 destination video and accompanying marketing campaign yesterday afternoon at a special screening at the United Theatre in Westerly. “This is South County, Rhode Island” showcases ..read more