News: Rhode Island

The pandemic has been a difficult time for businesses - by Joseph Solomon

Mayor Joseph Solomon

The pandemic has been an extraordinarily difficult time for most businesses. Just as all of us have had to find new ways of doing things in our everyday lives, companies have had to completely transform their day-to-day operations, from shipping delays due to supply chain disruptions to new safety measures.

However, there are signs of hope amidst all of this uncertainty: just recently, I’ve been to the ribbon cuttings of two new independently-owned small businesses in Warwick, Zaydah Creations and Little Learners Academy of Kent County, and we are anticipating the grand opening of a new Dunkin’ Donuts later this month. Our Planning Department is also presently working with investors who are in various phases of project development.

Since I’ve been Mayor, I’ve visited dozens of local businesses, from large, international chains to family-owned micro businesses. In that time, a number of businesses have chosen Warwick as their first Rhode Island location, including Tesla, Edge Fitness, Dogtopia, and Metal Supermarkets. And, we’re luring companies from other Rhode Island communities, such as Massey and Associates and the Rhode Island Parent Information Network.

Our location – in the heart of southern New England, with close proximity to Interstates 95 and 295 and convenient access to T.F. Green Airport and the InterLink intermodal train station – gives companies a strategic advantage, and they can find space here at a lower price tag than other major metropolitan areas.

We have worked diligently to cultivate a strong climate for commerce, and it makes me incredibly proud to hear feedback from local business owners about what drew them to Warwick, or how much they enjoy calling our community home. I’ve heard from local businesses that my office and the Department of Tourism, Culture and Development have been instrumental in helping them navigate through the challenging circumstances of COVID-19.

So that businesses can have a direct line to City Hall, I regularly conduct “Business One-on-One” visits, where I go out to local companies to hear directly from owners and employees. I like to know what’s working well for them, as well as what could be improved. Brewed Awakenings, Chelo’s, TigerEye Gift Shop, the Chocolate Delicacy, Squad Locker, Homewood Suites by Hilton, Gregg’s – these are just a few of the places I’ve had the opportunity to visit as part of my program. Later this month, we’ll be supporting the nationwide effort to promote “Small Business Saturday” and to shop local during this holiday season.

During these times of continued uncertainty, it is important to find signs of hope and optimism. I hope your holiday season is filled with these moments and the blessing of family and friends.

Joseph Solomon is the mayor of the city of Warwick, 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