Providence Business News
Local business news for Rhode Island and Southeastern Massachusetts
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Centreville Bank plans first Middlesex County branch in Essex, Conn.
WEST WARWICK – Centreville Bank plans to open a full-service branch in Essex, Conn., in early 2027, it announced Nov. 2, marking its first location in Middlesex County as the Rhode Island-based lender continues expanding along the Connecticut shoreline. The branch will be…
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Five Questions With: Monica Kwok
Monica Kwok is a partner in Holland & Knight LLP’s Boston office, where she advises search funds, independent sponsors and private equity firms on investments, acquisitions and other transactions. A Harvard Law School graduate who earned her undergraduate degree summa cum laude…
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Citizens adds Newport Beach wealth team serving clients with $1.2B in assets
PROVIDENCE – Citizens Financial Group Inc. announced Oct. 28 that it has added a private wealth advisory team in Newport Beach, Calif., as the Providence-based bank continues expanding its wealth management business nationally. The team, led by Matt Webber and Chris Illiano,…
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Bank of America survey points to later holiday shopping, tighter budgets
PROVIDENCE – Black Friday may be losing ground as the centerpiece of the holiday shopping season, with more Americans planning to do most of their gift buying in early to mid-December, according to a new Bank of America Corp. survey released Oct. 29. Twenty-nine percent of…
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R.I. ramps up lawsuits against tax delinquents
PROVIDENCE – Rhode Island tax officials have filed a flurry of lawsuits against dozens of people on the state’s tax delinquent list as it prepares to launch a 75-day tax-amnesty program on Dec. 3. R.I. Division of Taxation spokesperson Paul Grimaldi said the programs are being…
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Texas-based nonprofit to lay off 3 in R.I. amid fallout from federal contract loss
PROVIDENCE – Texas-based nonprofit Endeavors plans to lay off three employees in Rhode Island by Dec. 31, according to a notice filed with the state Department of Labor and Training. The Rhode Island filing on Oct. 29 appears to be part of a broader workforce reduction.…
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Longtime R.I. business leader Aram Garabedian dies at 91
PROVIDENCE – Aram G. Garabedian, a prominent Rhode Island businessman and politician, died on Oct. 30 at the age of 91 after an eight-year battle with dementia and Alzheimer’s disease. Garabedian was most notably known for being the co-managing partner of the Warwick Mall, where…
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Falling demand drops R.I., Mass. gas prices
PROVIDENCE – The average weekly price of self-serve, regular unleaded gasoline in Rhode Island decreased 4 cents from a week ago to $4.11 per gallon, AAA Northeast said Monday. That price is 5 cents lower than the national average but $1.19 more than it was in Rhode Island a…
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Election26: UNH poll shows Foulkes widening lead in R.I. gubernatorial race
PROVIDENCE – Democratic gubernatorial nominee Helena Buonanno Foulkes has widened her lead over independent Ken Block to 21 percentage points in the latest poll released Sunday by the University of New Hampshire. Foulkes, a former senior executive at CVS Health Corp. and the…
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How to convince more Rhode Islanders to get health insurance? Make it cheaper.
At a time when gas prices, energy bills and groceries are all increasing, Rhode Island officials have some good news to share: your health insurance premium could be going down. That’s the case for 30,000 people expected to sign up or reenroll in the state health exchange during…
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America250-Enduring Success: Yacht Club Soda
(Editor’s note: This is the 33rd installment in a weekly series featuring Rhode Island’s oldest companies as the nation celebrates the 250th anniversary of the Declaration of Independence. The other stories from this series can be found here.) NORTH PROVIDENCE – More than a…
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Neighborhood Health promotes 2 employees to VP roles
SMITHFIELD – Neighborhood Health Plan of Rhode Island has named two employees to vice presidential roles aimed at supporting the insurer’s data-driven decision-making, business performance and member value. Elizabeth deLacy-Almeida has assumed her role as vice president of…
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Bradley Hospital names recipient of Lifetime Achievement Award
EAST PROVIDENCE – Bradley Hospital, the nation’s first children’s psychiatric hospital, has named a long-term board member as the recipient of the facility’s Lifetime Achievement Award. Recipient Alfred J. Verrecchia began his 40-year tenure with Bradley’s board of trustees in…
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Morton Hospital establishes new palliative care consulting program
TAUNTON – Morton Hospital has opened a new palliative care program, marking the first of its kind within Brown University Health’s Massachusetts-based hospitals. The new program is an inpatient consultation service expansion for patients receiving care at Morton Hospital,…
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Bradley Hospital psychologist receives infant advocacy award
EAST PROVIDENCE – A psychologist at Bradley Hospital has won the Rhode Island Association for Infant Mental Health’s 2026 Susan Dickstein Big Voice for Babies Award, an accolade recognizing its recipient’s dedication to spreading awareness of the developmental, emotional and…
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Beyond Cost Cutting: Using Data and AI to Strengthen Healthcare Margins
Healthcare organizations across New England continue to operate under significant financial pressure. Rising labor and supply costs, reimbursement constraints and the increasing cost of delivering care are forcing healthcare leaders to look more closely at how they protect…
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NEMIC launches rural healthcare workforce initiative and competition
PROVIDENCE – The New England Medical Innovation Center has established a new statewide initiative designed to bolster Rhode Island’s rural healthcare workforce. Dubbed the Rhode Island Rural Health Innovator Program: Talent, Innovation, Development + Engagement, the initiative…
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Bally’s Corp. has ‘no plans’ to reopen the hotel at its Tiverton casino
TIVERTON – During the Oct. 26 meeting of the Permanent Joint Committee on State Lottery, Craig Sculos, Bally’s Corp. senior vice president of Rhode Island regulatory relations told lawmakers that the company has stalled efforts to reopen the hotel at its Tiverton Casino property…
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Providence proposes new fees to address aging infrastructure, flooding risks
PROVIDENCE – The city is proposing new fees on property owners to help pay for repairs and upgrades to its aging sewer and stormwater systems, arguing that the costs should be shared based on how much individual properties use the infrastructure. The city can typically devote…
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Providence schools superintendent Javier Montañez resigns
PROVIDENCE – Javier Montañez, superintendent of the city’s public school district, announced his resignation Friday, ending more than 30 years of service to the system as a student, bilingual teacher, assistant principal, principal and superintendent. In a letter to families and…