10 Most Heartbreaking Business Closings in Rhode Island

GoLocalProv Business Team

10 Most Heartbreaking Business Closings in Rhode Island

PHOTO: Unsplash/Tim Mossholder
Businesses come and go, but in recent years and especially since the impact of RIDOT’s failure to maintain the Washington Bridge, the number of closures seem to be increasing in Rhode Island.

 

One of the most heartbreaking closures is the recent announcement of the closing of the Old Canteen restaurant on Federal Hill.

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More and more, some of the local small businesses that define Rhode Island are shutting their doors. 

 

“Small businesses are the lifeblood of the U.S. economy: they create two-thirds of net new jobs and drive U.S. innovation and competitiveness. A report shows that they account for 44 percent of U.S. economic activity. This is a significant contribution, however this overall share has declined gradually,” claims the Small Business Administration.

 

We take a look at 10 businesses that closed in Rhode Island that are significant losses and define the change in the business environment.


10 Most Heartbreaking Closings in Rhode Island

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