Providence Business News

PROVIDENCE – The state is now accepting applications from eligible training providers for the new federal Workforce Pell Grant program.  The new initiative, launched on July 1, expands access to federal financial aid for students enrolled in state-approved, short-term workforce training programs that meet federal and state requirements. “Rhode Island is a hotbed of workforce tr...

PROVIDENCE – Mike Tyson’s cannabis brand TYSON 2.0 is expanding into Rhode Island through a partnership with Warwick-based cannabis company Reborn Roots, the company announced Wednesday. TYSON 2.0 products are now available at select licensed dispensaries in the state, including RISE Dispensary in Warwick, Thomas C. Slater Compassion Center Inc. in Providence, Newport Cannabis C...

NEWPORT – Pangaea Logistics Solutions Ltd. reported a profit of $10.2 million in the second quarter of 2026. This follows a reported $2.7 million loss the year prior, according to its 10K report filed with the U.S. Securities and Exchange Commission on Aug. 10.  Pangaea, which provides logistics services to industrial customers that require the transportation of […]

MIDDLETOWN – Donald McCormack, senior consultant to McLaughlin Research Corp., has been elected chairperson of the Undersea Technology Innovation Consortium board of directors, the nonprofit announced Thursday. McCormack succeeds Deborah Proffitt, who is retiring after serving as board chair since December 2017. “[Proffitt] is an extraordinary leader and advocate for UTIC and ...

The offshore Revolution Wind project is nearing completion after nearly three years of work based out of the State Pier in New London, Conn., officials with Danish wind energy developer Orsted A/S said Thursday. In a presentation on the company’s quarterly financial results, Orsted Chief Executive Rasmus Errboe said the project is more than 95% […]