Sabina Matos

Congratulations to the Class of 2026 at Community College of Rhode Island!

Last night’s graduation ceremony was a powerful tribute to your hard work, determination, and commitment to earning your degree. Rhode Island is stronger because of graduates like you, and I’m proud to serve a state with such an outstanding community college network.

Congratulations again to all of our graduates and their families on this incredible achievement.

"Lt. Gov. Sabina Matos had pushed for the measure’s passage this General Assembly session. She said she first learned about employee ownership centers through a national lieutenant governors conference a few years ago, where states shared models for supporting business transitions.

Rhode Island’s proposal is modeled largely on a program in Colorado, with additional elements drawn from other states that have established similar centers, she said.

Under the proposal, the center would be housed within the Small Business Development Center at the University of Rhode Island, using existing resources rather than creating a new standalone agency.

Matos said the center would also serve as a confidential point of contact for owners exploring a sale, helping connect them with lenders, legal experts and national employee-ownership networks.
A related proposal would offer tax credits to business owners who sell to employees, a measure Matos said is intended to work alongside the center."

Check out the full article in Providence Business News See less
https://pbn.com/legislation-would-create-employee-ownership-center-to-ease-business-transitions/?amp=1&fbclid=IwY2xjawRvNZNleHRuA2FlbQIxMQBzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEe1DxtntBTtGruQ8WY6aO0rtO8QafTCbpI00j-aV2CgeNrBrorJob-ENCdyGA_aem_0GZBC8FeLT9Ye9Upkvby9A

Legislation would create employee ownership center to ease business transitions When White Electric Coffee in Providence changed hands in 2021, it didn’t go to a corporate buyer or a retiring owner’s handpicked successor. It went to the people working behind the counter. But the process was grueling, said employee-owner Chloe Chassaing. Over a stressful seven-month period, ...