Prospect Medical Holdings, the California-based owner of two cash-strapped safety net hospitals in Rhode Island, faces a possible bankruptcy filing, a move that would spell added uncertainty for Roger Williams Medical Center in Providence and Our Lady of Fatima Hospital in North Providence. Prospect’s exploration of restructuring was reported by The Wall Street Journal, which […]
Business
Posted inBusiness, Economy, Local
New investment fund aims to revitalize Rhode Island communities
TRANSCRIPT: This transcript has been edited for length and clarity. Luis Hernandez: The Rhode Island Community Investment Cooperative has launched a new community investment fund. The fund is designed to encourage the creation of small businesses and real-estate projects in neighborhoods that have been historically excluded from traditional forms of investment. Here to talk more […]
Posted inBusiness, Local, South Coast Bureau
New Bedford takes Star Store owner to court
The City of New Bedford is suing the private owner of the Star Store for more than $500,000 in unpaid taxes through a process that could end with the city seizing ownership of the downtown property if its tax bill remains unpaid. The Star Store, an historic building that fills nearly a full city block […]
Posted inBusiness, Local, Politics
State unveils two-step process for picking Washington Bridge contractor
More than 10 months after the abrupt emergency closing of the westbound Washington Bridge, state officials unveiled on Tuesday a revised process for picking a firm to build a new bridge. Rhode Island transportation officials issued a request for qualifications for companies interested in building the new westbound bridge, and plan to choose two finalists […]
Posted inBusiness, Local
Massachusetts has been courting Hasbro for months. Can Rhode Island leaders keep them here?
In September, we learned that Hasbro is considering moving its global headquarters to Boston. This week, the Boston Business Journal broke the news that Massachusetts officials have been courting the company for months.
Posted inBusiness, Economy, Local
How will CVS layoffs affect Woonsocket?
As CVS employees await word on whether their jobs will be among the nearly 3,000 the Rhode Island-based company plans to eliminate, Woonsocket Mayor Christopher Beauchamp says the city should be able to weather the layoffs, though concerns remain for the future. CVS Health, which is headquartered in Woonsocket, said Monday that it plans to […]
Posted inBusiness, Immigration, Local, South Coast Bureau
Seafood supplier for top supermarkets sued for allegedly using child labor at Fall River plant
Legal aid groups filed a lawsuit this week on behalf of three migrant teenagers who allegedly worked at a seafood processing plant in Fall River that supplies some of the region’s biggest supermarket chains. The minors, who are not identified by name in the complaint, allegedly started working at Raw Seafoods’ processing plant in the […]
Posted inBusiness, Shoreline Access, The Weekly Catch
What the loss of Hasbro would mean for Rhode Island, Westerly taxpayers call for new town solicitor, and more
What would it mean if Hasbro left Rhode Island? News broke this week that the company is considering moving their headquarters to the Boston area. Political Reporter Ian Donnis talks about what’s at stake. Also, Westerly’s town solicitor is facing scrutiny over work related to the Watch Hill Lighthouse, which was transferred in January to a private nonprofit amidst public outcry. Our South County Bureau reporter Alex Nunes gives us an update. And we talk to the co-creators of “Scandalous Conduct: A Fairy Extravaganza,” a musical documentary inspired by the Newport Navy sex scandal of 1919. That and more coming on this week’s show.
Posted inBusiness, Local, Politics
Rhode Island officials surprised by Hasbro’s potential move
Rhode Island officials are scrambling after being surprised by the news that the iconic toy-maker and entertainment company Hasbro is considering moving its headquarters out of state. “It’s all hands on deck to keep Hasbro in Pawtucket,” Governor Dan McKee said in a statement. McKee said Pawtucket Mayor Don Grebien and he are seeking a […]
Posted inBusiness, Health, Local
South County Hospital defends against outcry from doctors, patients
South County Hospital is losing money and some longtime clinicians – and its top administrators are at odds with a group of doctors about what ails the hospital and how to treat it. Patients and community members are joining a mounting public outcry over one of Rhode Island’s last remaining independently-operated community hospitals. And they’re […]
