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Rhode Island Foundation Blog


We are proud to be part of the Rhode Island community! Follow our blog for the latest news and occasional commentary about what’s happening at the Foundation and around our great state.

Supporting Aquidneck Island’s resilient business owners
By Jessica David / January 30, 2019 /   Loading Disqus...

We are pleased to partner with the state and BankNewport to provide emergency loan funds for businesses impacted by the recent gas shut off on Aquidneck Island, helping these mostly small businesses get back on their feet as quickly as possible. 

Many Aquidneck Island businesses are part of the service industry – restaurants, barbers, hotels, tailors, and others – and the shutdown has greatly impacted their livelihoods and their employees. That’s bad for our state’s economy. Just as we encourage Rhode Islanders to Buy Local, it is up to all of us – institutions and individuals -- to support local businesses in times of crisis. 

As Foundation President & CEO Neil Steinberg said, "Small businesses are the foundation of all of our communities. Aquidneck Island's entrepreneurs and business owners have shown remarkable resilience. We at the Rhode Island Foundation want to help them and their employees recover quickly."

We are committed to doing all we can to advance financial stability for all Rhode Islanders and hope impacted business owners will respond to this opportunity for assistance. And I hope you’ll join us by eating out or making a purchase at a Newport business this week to express your support!

For information on applying for a loan, go to the RI Commere Corporation website or call (401) 521-HELP.

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