Entrepreneurship
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The Rhode Island Center for Freedom & Prosperity on Thursday released its 2014 Report Card on Rhode Island Competitiveness, in which the Ocean State scored a “D” or “F” in nearly 80 percent of the measures analyzed to evaluate the state’s regional and natural economic competitiveness. more
The Slater Technology Fund will invest an additional $100,000 in local health care mobile messaging platform Care Thread, bringing Slater’s total investment in the company to $350,000, Slater announced Tuesday. more
Former Alex and Ani CEO Giovanni Feroce is returning to the retail industry with a 93-year-old wristwatch company he intends to resurrect as a military-inspired lifestyle brand, he announced Monday. more
During the second quarter, 2,041 new business entities registered with the R.I. Secretary of State’s Business Services Division, higher than the number reported the previous quarter, the secretary’s office announced Tuesday. more
Hope & Main LLC, Rhode Island’s first culinary business incubator, has brought on food industry veteran Julie Nahas to serve as executive director of operations as the organization steams toward its official launch in August. more
After advancing slightly in last year’s ranking, Rhode Island dropped once again to dead last in CNBC’s America’s Top States for Business 2014 report. The 2014 ranking represents the third time in the last four years that Rhode Island came in at No. 50 in the CNBC report, which scored all 50 states on 56 measures of economic competitiveness. more
Small businesses would be able to write off capital purchases more quickly under a $73.1 billion tax reduction passed Thursday by the U.S. House of Representatives. more
The R.I. Commerce Corporation released an action report earlier this week outlining specific economic development initiatives designed to improve Rhode Island’s business climate, create jobs and lower unemployment. The report, “Actions for Economic Development in Rhode Island,” advocated building on Rhode Island’s native economic advantages. more
Forty percent of Rhode Island small-business owners consider Rhode Island’s regulatory environment relatively poor compared with other states, and 66 percent believe there are too many regulations imposed on businesses in the state, according to the R.I. Office of Regulatory Reform’s 2014 Small Business Survey. more
(Updated, 3:07 p.m.) The Rhode Island Foundation reported net assets of $734.4 million at the end of 2013, increasing by $101.6 million, or 16 percent, the $632.8 million reported the previous year, according to the organization’s 2013 annual report. Since 1993, the organization has seen its total assets increase more than 300 percent, from $197 million. more
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