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TWO STATE LEGISLATORS have introduced measures in the General Assembly that would allow Rhode Island to enter into agreements with other states that would prevent them from offering "corporate giveaways" to companies so they move across borders. / PBN FILE PHOTO/ARTISTIC IMAGES

Legislation on ‘no-poaching’ between states raises questions about enforcement

Two Rhode Island lawmakers are calling for a truce in the economic border war waged with tax incentives with neighboring states, but some authorities...
Saul Kaplan

Saul Kaplan

You can’t discuss business innovation in Rhode Island over the last two decades without mentioning Saul Kaplan. Since his days in the early 2000s at...
A JUDGE HAS cleared Peter M. Cannava, Wells Fargo lead banker on the $75 million in bonds for the video game company 38 Studios, of all charges related to an SEC complaint arguing that the R.I. Economic Development Corp. (predecessor to the R.I. Commerce Corp.), EDC officials, Wells Fargo and Cannava defrauded investors in the issuance of the bonds. Cannava was the only defendant not to settle with the SEC.

Judge rules in favor of Wells Fargo banker in 38 Studios...

PROVIDENCE – Peter M. Cannava, the lead banker on the bonds for 38 Studios at Wells Fargo, has had claims alleging that he aided...
ON TUESDAY, the R.I. Small Business Development Center and Rhode Island Foundation announced a partnership to launch the Small Business Growth Hub focused on businesses operating outside the tech indudstry. / COURTESY R.I. SMALL BUSINESS DEVELOPMENT

RISBDC, R.I. Foundation launch non-tech-related Growth Hub

SOUTH KINGSTOWN – A new funding outlet for non-technology-related small businesses is now available to Rhode Island companies looking to grow, thanks to a...
ALLAN TEAR, co-founder and managing partner of Betaspring. An audit by the U.S. Treasury Department found that Betaspring misused $803,644 to fund operations from the Treasury's State Small Business Credit Initiative. / PBN FILE PHOTO/Michael Salerno

Federal audit finds Betaspring intentionally misused $804K

PROVIDENCE – A federal audit released this week claims business-accelerator and consultant Betaspring LLC intentionally misused $803,644 to fund operations in 2012. A manager of...
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