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.
Aspen Aerogels Inc., a nanotechnology firm that designs and manufactures energy-efficient insulation products, has reported a second-quarter net loss of $42.2 million, more than doubling the net loss of $19 million posted for the same period last year.
Deepwater Wind LLC has announced it will develop the West Coast’s first offshore wind farm roughly 15 miles off Coos Bay, Ore., which could also become the world’s first commercial project to use floating foundation technology.
Dan Aziz always knew he wanted to be an entrepreneur, but he didn’t know what type of company he’d start until he spent a little time in a Providence supermarket. Interviewing customers for a Brown University class in the nutritional-supplements aisle of a local Whole Foods, Aziz heard persistent complaints about the size and taste of vitamin pills for pregnant women, sparking an idea. Aziz created Premama, a drinkable, prenatal supplement that’s now on the shelves of the same Whole Foods where he was interviewing customers, as well as in Target and infant chain Buy Buy Baby. In September, Aziz’s Luna Pharmaceuticals Inc. closed on the first half of a $1 million funding round led by Cherrystone Angel Group, which allowed the Providence company to hire its second full-time employee and move to expand. more
GTECH S.p.A. saw its total revenue decline 2 percent to €781.3 million ($1.08 billion based on the exchange rate of $1.38 per euro on March 31) during the first quarter of 2014, compared with €797.5 million ($1.1 billion) for the same period a year earlier.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.