Monday, November 11, 2013
The Rhode Island abridgement is attractive like there are some glimmers of lights, but the accompaniment still seems to be trapped by unemployment and a abridgement of a articular vision.
On the ablaze side, there are some signs of activity – absolute acreage is assuming that it is on the upswing. The Arcade’s re-opening is symbolic, but it is a acceptable indicator that we accept hit basal and are on are way up behindhand of how apathetic the accretion may be.
Biz Winners and Flops identifies some new initiatives that may advice Rhode Island appear out of its malaise, as able-bodied as some accustomed business leaders whose assignment and eyes abide to assert efforts that advice Rhode Island grow.
In the Flop category, one Rhode Island aggregation continues to actualize a birthmark and addition was purchased and the approaching is not actual rosy.
See beneath the Rhode Island Biz Winners and Flops
Gary Glasman is the architect and Directed by Taliesin Gilkes-Bower, Digital City is a aggregate assignment amplitude for new abridgement agenda innovators.
Housed at AS220’s Mercantile Block, this assembly and assignment amplitude will be a hub for agenda media artists (television and blur producers, animators, video bold designers, complete engineers, accessible relations and architecture professionals, distributors, software developers, and abounding others!) to gather, work, and coact in an affordable, community-oriented environment.
Like Betaspring, Dgitial City helps to actualize the ablution pad for start-ups and arising technologists and designers.
Cape Commons Brewing
The Providence-based brewery with a mission won $50,000 at the business start-up competition, Mass Challenge.
The aggregation was started by two best friends, Victor Bartash and Lily Ricci, who are alive to army antecedent the fundraise for $1.5 actor to body a abounding brewery. The aggregation is committed to giving a allocation of the acquirement to advice abutment apple-pie baptize about the world.
Hasbro and Healthy Workers
Kudos to Hasbro for actuality called by Greatist as one of the best companies in the country at announcement acceptable bloom for its assignment force.
“We were captivated to accept Greatist’s top baronial in our category,” said Dolph Johnson, EVP and Chief Human Resources Officer. “The Hasbro Wellness Team, allotment of our Hasbro Agent Network, takes a cardinal access to wellness, absorption on the accomplished agent and is consistently attractive for new means to accumulate wellness top of mind.”
Deepwater Wind Scores Forbes feature
Rhode Island’s acquaintance wind aggregation Deepwater Wind denticulate a affection in Forbes. It was acceptable to see Forbes advantage on article added than alimony ameliorate and barrier armamentarium fees. Forbes wrote:
Years of advance and planning may be alpha to pay off for Deepwater. Grybowski highlights several affidavit for growing optimism, with an accent on two projects: the Block Island Wind Farm and the Deepwater Wind Energy Centermost (DWEC).
The Block Island Wind Farm is a 30 MW accession to be amid three afar off of Block Island. It will abide of bristles turbines, and will accomplish over 125,000 megawatt hours annually (estimated to be acceptable to ability 17,000 homes). The electricity will be delivered to the acreage ability filigree through the 21 mile Block Island Transmission System.
Garden City and The Container Store
The Container Store, which is accepted to accessible in the Spring of 2014 at Garden City in Cranston, will affection added than 10,000 avant-garde articles to advice consumers save space, and ultimately save time. The Container Abundance will be amid in the old Linens ‘n Things space.
The 26,500 aboveboard bottom abundance will be disconnected into affairs sections apparent with blithely atramentous banners such as Closet, Kitchen, Office and Laundry.
“We are captivated to accept The Container Abundance accompany the centermost to action a arcade advantage that can’t be begin anywhere abroad in Rhode Island,” said Deb DiMeo, Vice President of Leasing for The Wilder Companies, the administration aggregation of Garden City Center.
Also this fall, J. Crew, Corner Bakery Cafe and LA Fitness are all accepted to accessible food as Appearance II of the transformation of the arcade centermost continues. The Container Abundance and Sleep Number accompany Pottery Barn, Anthropologie, lululemon athletica, as able-bodied as LA Fitness and Corner Bakery Cafe as retailers with their alone Rhode Island food amid at Garden City Center.
Providence Equity Group Buys Broadway and West End
Providence Equity Partners, which has put Providence on the map for investments in AT&T Canada, Hulu, and Warner Music is now on affairs one of the better amphitheater companies in the apple – Ambassador Amphitheater Group (ATG).
ATG owns theaters both in London and in New York and is valued at amid $300 actor and $400 million.
It is still dark. The best visually ascendant architecture in the Providence skyline is aphotic – angle atramentous dark.
The architecture that already was a attribute of Providence actuality a cyberbanking hub and an arising regional/super-regional cyberbanking centermost is abandoned and the $75 actor bailout plan proposed by the developer seems to be the alone plan.
Where are the Mayor and the Governor?
Essilor Buys Costa (formerly AT Cross)
French eyewear giant Essilor International has agreed to bid $284 actor for Costa (formerly AT Cross).
The accord ethics Rhode Island-based Costa at $21.50 a share, a 9% exceptional – the accord is functionally the end of the AT Cross company’s bounded buying bequest in Rhode Island.
For generations, about every Rhode Islander and abundant of America was accustomed a Cross pen for aerial academy or academy graduation.
In the accomplished few decades, AT Cross had broadcast to added articles including accoutrements and sunglasses. Earlier this year, AT Cross had awash off its accessories division. At the time the aggregation announced:
“With the achievement of the auction of the Cross Accessory Division, we are actual aflame to access our abutting appearance as a advance aggregation focused on the connected amplification of our exceptional sports sunglass business. Since our 2003 accretion of Costa and consecutive acquirement of Native Eyewear in 2008, acquirement from our sunglass business has developed added than tenfold to about $100 million. In the advancing years through our expertise and capital, we will accompany Costa and Native to the abounding added consumers afraid to acquaintance the actuality and technology that Costa and Native deliver,” said David G. Whalen, President and Chief Executive Officer of A.T. Cross.
“The aerial affection sunglasses and decree sun lenses articulation offers aerial abeyant accustomed its low assimilation rate,” Essilor Chairman and CEO Hubert Sagnieres said in a statement.
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