News: Rhode Island

Pawtucket reaches out to minorities, women, and disadvantaged businesses - by Donald Grebien

Donald Grebien

Last month the U.S. Small Business Administration (SBA) hosted an information session at the Cape Verdean American Community Development Center in Pawtucket to celebrate Black History Month.  Some two-dozen local small businesses attended the session that was opened by senator Jack Reed who was joined by SBA New England Regional administrator Mike Vlacich and district director Mark Hayward.

Also joining the session was the city of Pawtucket, the R.I. Small Business Development Center hosted by the University of Rhode Island, Navigant Credit Union, and Lode Star Wealth; all of which discussed critical aspects of business ownership such as technical assistance resources, wealth and retirement management, small business financing, and local economic development programs.

Pawtucket’s commerce director Sandra Cano, planning director Bianca Policastro and senior planner Anthony Hebert brought greetings from the city of Pawtucket and shared details about the city’s efforts to support the small business community including minority, women, and disadvantaged businesses through economic development incentives and guidance on the city’s regulatory process.

Pawtucket continues to be committed to promoting smart, responsible growth of small businesses within our city that respects our rich history of economic innovation, being the birthplace of the American Industrial Revolution, its cultural diversity, and the unique character of our community. Over the years, my administration has worked to support minority, women, and disadvantaged business enterprises by being proactive, offering information through small business webinars during the pandemic including an all-Spanish webinar targeted at our Latino and immigrant business community, bi-lingual small business loan application forms, and working closely with local partners like Progresso Latino, the Hispanic Chamber of Commerce, and the R.I. Black Business Association to connect with minority-owned businesses.   

I am pleased that the New England Institute of Technology (NEIT) is working closely with the Boys & Girls Club of Pawtucket (BGCP) and Pawtucket Central Falls Development (PCFD) to provide greater access to higher learning opportunities for our students and adult learners in Pawtucket. NEIT is establishing a Pawtucket presence with a new University Resource Center downtown, easily accessible with its location at 2 Bayley St.

The University Resource Center will be the point at which Pawtucket students can embark on a dedicated shuttle to the NEIT campuses in Warwick and East Greenwich. The new center will provide a shuttle waiting area, house a community meeting space and a student lounge. NEIT will offer information sessions for students, their families, and friends as well as prospective students.

We are thrilled to be working with NEIT on this initiative which will allow Pawtucket residents to increase their knowledge-base and job skill sets. Having this presence here in our city will provide more accessible and flexible higher learning and technical training opportunities for Pawtucket residents.

If you would like to learn more about Pawtucket’s economic development projects/incentives, contact Sandra Cano, director of commerce, at scano@pawtucketri.com.

Donald Grebien is the mayor of city of Pawtucket, R.I.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary