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McNally resigns from I-195 Redevelopment Commission for a new post

The I-195 Redevelopment Commission today announced that Executive Director, Peter McNally, has accepted a position at EverWest Real Estate Investors, a real estate investment management firm headquartered in Denver. He will be Senior Vice President and will lead the investor relations and capital raising department. Peter will divide his time between Denver and New York City while maintaining a residence in Providence. He will remain with the Commission until June 1, 2019.

Caroline Skuncik will serve as Acting Executive Director until the position is filled. Ms. Skuncik has been Vice President/ Senior Project Manager for the Commission since 2017 and previously worked at the Rhode Island Commerce Corporation where she led the Corporation’s real estate investment activities under the Rebuild Rhode Island Tax Credit and Tax Increment Financing programs.

“I want to thank Peter for his hard work and dedication to the work of the I-195 Redevelopment Commission,” said Governor Gina M. Raimondo. “He has led their efforts for nearly four years and I have always appreciated his focus on shaping the I-195 District into a vibrant place to work and live.”

“Transforming the parcels of the 195 land into the Innovation and Design District has been a priority for this Administration and Peter McNally has played a key role in these efforts,” said Rhode Island Commerce Secretary Stefan Pryor. “We thank Peter for his dedication and his contribution to this work.”

“Peter brought a wealth of private sector experience to the Commission,” said Robert Davis, Chair of the I-195 Redevelopment Commission. “His insights into the world of real estate investment and development were a tremendous asset to the Commission and I am thrilled for him that he has such a great opportunity to return to that work. We will miss his expertise but we are fortunate to have talented individual like Caroline Skuncik able to step into the role.”

“I’m looking forward to this next opportunity but leave knowing that there’s a great team in place to continue to move the I-195 District forward,” said Peter McNally. “I want to thank Governor Raimondo for the opportunity to do this important work and Secretary Pryor for his collaboration and partnership over the years. Chairman Davis has a real vision for the developments that will thrive here and I am excited to watch great projects like the Wexford/CIC Innovation Campus expand in Providence.”

Knead Doughnuts Expands Into Former Pilotworks Space; Invests in New Small Businesses

Providence, RI – Knead Doughnuts has expanded their donut production into a 5,000-square-foot commercial kitchen previously operated by the food incubator Pilotworks, now called Providence Kitchen Collaborative. With the capacity to handcraft even more gourmet doughnuts, Knead will be at more farmers markets, serve more weddings, and craft more special seasonal flavors. A third donut shop is slated to open at their new production space this spring.

With a significantly larger commercial kitchen, Knead is now able to give back and support several budding food businesses by leasing them commercial kitchen space. “We are humbled to be able to support Providence’s dynamic food scene” said Knead co-founder Adam Lastrina. “All these businesses were right where we were two years ago.”

The new location at Providence Kitchen Collaborative is already home to all of Knead’s doughnut production, as well as seven food entrepreneurs leasing commercial kitchen access from Knead, including Brown Paper Bounty, Vic’s Handcrafted Ice Cream, and Long Live Beerworks, which will operate a brewery and bar just steps from Knead. Inquire about leasing kitchen space here.

Knead plans a grand opening of its new donut shop at Providence Kitchen Collaborative, which will be open on weekends and select evenings, in May 2019. Follow updates on Knead’s lively Facebook and Instagram pages.

The award-winning gourmet doughnut shop opened its first Providence location, at 32 Custom House, in December 2016. A second Providence storefront opened in April 2018 at 135 Elmgrove Avenue. To learn more about Knead Doughnuts, visit kneaddoughnuts.com.

 

ABOUT KNEAD DOUGHNUTS

Opened in 2016, Knead Doughnuts crafts homemade donuts with locally-sourced, wholesome ingredients. Since its inception, Knead has gained critical acclaim, widespread support throughout the Rhode Island community, and quite a few fans. Knead is founded by local residents Adam Lastrina, Todd Mackey, and Bryan Gibb, all of whom attribute the success of Knead to their team’s commitment to making and serving gourmet, traditional donuts that are unrivaled in terms of quality, flavor, and execution. https://www.kneaddoughnuts.com/

 

Greene | Sweeney Team Closes North Kingstown’s Highest Sale of 2019

Residential Properties Ltd. would like to announce the sale of 51 Pojac Road for $2.05 million. According to MLS, this is the highest sale in North Kingstown this year. The buyers were represented by Sales Associate Kira Greene of the Greene | Sweeney Team. The Greene | Sweeney Team are members of RPL’s Providence office. The listing was represented by the Phipps Team of Phipps Realty.

Located on Pojac Point, this incredible Contemporary home’s design takes full advantage of its waterfront location. A wall of windows spreads light over the stunning great room with a living area, formal dining area, and a gleaming kitchen with stone countertops and high-end appliances. The master suite enjoys an ensuite bath with a spa shower and a private deck.

The Buyer’s Agent, Sales Associate Kira Greene of the Greene | Sweeney Team, is a 2018 Five Star Professional Real Estate Agent. She was recently named to the Real Trends List of “America’s Best Real Estate Professionals” and earned the Circle of Sales Excellence Platinum Plus Award. Kira and Michael J. Sweeney have joined together to create the #1 sales team on the East Side and in the Greater Providence Area. To learn more about the Greene | Sweeney Team and view their current listings, visit their website at GreeneSweeney.com or follow them on Instagram @Greene_Sweeney.

 

RHODE ISLAND BUSINESS COMPETITION NAMES 12 SEMI-FINALISTS

Winners and Finalists of 2019 Competition Will Share Prizes Valued at $185,000

The Rhode Island Business Competition today announced 12 semi-finalists have been selected in the 2019 competition, which will culminate next month with the awarding of prizes valued at $185,000.

The semi-finalists were chosen from 68 applicants who proposed businesses that address opportunities in agriculture, biotechnology, career placement, energy, entertainment, health care and well-being, nutrition, and process improvement, among other areas of commercialization.

Winners in the 2019 competition will be announced at a public ceremony on May 7 at the New England Medical Innovation Center in Providence, with prizes awarded to winners and finalists.

“Rhode Island continues to be an attractive place to start and grow a business, which is what all of this year’s applicants are looking to do, as evidenced by this year’s strong applicant group,” said Co-Chairs Peggy Farrell, partner with the law firm of Hinckley Allen in Providence and Anthony Mangiarelli, partner with the accounting firm of KLR in Providence.

“Success never follows a straight path, and we encourage those who were not selected as semi-finalists this year to keep working on their idea,” they added.

Entrepreneur Track Semi-finalists

Semi-finalists in the entrepreneur track are as follows:

Alex Therapeutics, which is developing an interactive artificial intelligence-based app that delivers personalized, behavioral modification support outside a therapist’s office for patients suffering anxiety, substance abuse, and mental disorders. Principal applicant: Matthew Heller, Providence.

Biotica Bio, which has developed an oral microbial therapeutic that treats inflammatory bowel disease and other human endocannabinoid deficiencies without expensive clinical trials. Principal applicant: John Round, Providence.

CBC Wind Energy, which is developing efficient, attractively priced wind turbines to be mounted on homes and other structures to meet the growing demand for alternative power supplies. Principal applicant: Robert Baxter, Warwick.

CryoWave Energy, which has developed a pressure wave pulsating injection tool that improves secondary and tertiary recovery of oil at drilling sites with no disruption to current production operations and reduces wastewater output.  Principal applicant: John Ireland, Woonsocket.

Modus Wear-Tech is developing an app to help people receiving physical therapy to monitor and support prescribed services by providing support, analytics, and messaging. Principal applicant: Kunal Mankodiya, Providence.

Uproot has developed a space-efficient dispenser of non-dairy milks, including plant-based milk concentrates, for use in cafeterias and other food service operations. Principal applicant: Kevin Eve, Providence.

Student Track Semi-finalists

Following are semi-finalists in the student track:

Cloud Agronomics is developing a system by which farmers can monitor fields remotely for disease and nutrient deficiencies, providing actionable prescription maps and recommended treatments. Principal applicant: Jack Roswell, Brown University.

goTeff has developed a low sugar, slow-absorbing, high-nutrition, ready-to-eat breakfast meal made of Teff, a grain from Ethiopia, which will also provide market access for Teff farmers. Principal applicant: Saron Mechale, Brown University.

H2Ok Innovations is using artificial intelligence data analytics to map sources of contamination in underground pipes that are targeted for replacement. Principal applicant: David Lu, Brown University.

Impact Labs has developed a series of programs that provide access to competitive opportunities in the technology and social good space for computer science students. Principal applicant: Adi Melamed, Brown University.

Intus Care is using automation and machine learning to develop an improved process to provide improved home care at a lower cost. Principal applicant: John Felton, Brown University.

Marine Monitoring is developing a product to detect harmful bacteria in freshwater/marine environments to ensure community safety. Principal applicant: Kayla Colson, Brown University.

Sponsors of the 2019 Competition

Lead sponsors of the 2019 Competition, which will culminate in May, are Bryant University, Cox Business, Envision Technology Advisors, Everhope Foundation, Hinckley Allen, Integrated Media Group, KLR, Locke Lord, the New England Medical Innovation Center, and Sprout Coworking.

Also sponsoring the 2019 Competition are Barlow, Josephs & Holmes, Ltd., Brown University Nelson Center for Entrepreneurship, Center for Women and Enterprise, FM Global, Greater Providence Chamber of Commerce, Hatch Entrepreneurial Center, Luminous, RevUp Capital, Social Enterprise Greenhouse, TD Bank, Tech Collective, and the University of Rhode Island College of Business Administration.

Additional sponsors include Bank of America, Bank Rhode Island, BankNewport, The Beacon Mutual Insurance Company, Bristol County Savings Bank, Business Development Company, Cherrystone Angel Group, Citizens  Bank, CompNet Insurance Solutions, CVS Health, Delta Dental of Rhode Island, Dimeo Construction Company, EpiVax, Fidelity Investments, Goldman Sachs 10,000 Small Businesses at CCRI, Hayes & Sherry Real Estate Services, The Hilb Group of New England, The Idea Turbine, InsureMyTrip, Johnson & Wales University, The Moore Company, Navigant Credit Union, Newport Biodiesel, Pawtucket Credit Union, Richard Carriere, Slater Technology Fund, StormTree, Teknor Apex, Virgin Pulse, and The Washington Trust Company.

Growth partners include MassChallenge and Venture Mentoring Service of Rhode Island.

About the Rhode Island Business Competition

Established in 2000, the RIBC has been recognized as one of the top 40 business plan competitions in the country. To date, it has awarded more than $2.6 million in prizes to developing companies across many industries.

The Competition is free and open to everyone age 18 or over whether or not they already have started a business.