PROVIDENCE BUSINESS NEWS
PBN pbn.com
APRIL 17-23, 2020
FOCUS: ADULT ED
SPOTLIGHT
Shutdown of job training may have lingering effect | 18
Remaining in high spirits | 6
YOUR SOURCE FOR BUSINESS NEWS IN SOUTHERN NEW ENGLAND | VOL. 35, NO. 4 | $2
CORONAVIRUS CRISIS
Losses mounting, R.I. colleges face big test
PRESSURE CHAMBERS
BY JAMES BESSETTE | Bessette@PBN.com
RHODE ISLAND-BASED COLLEGES are already feeling the financial strain from the COVID-19 pandemic, with the cancellation of usually profitable events and the loss of tens of millions of dollars in planned refunds for students’ room and board for the last quarter of the academic year. But an even bigger fiscal challenge may be looming for the next school year. This summer, students and families left jobless by local and national business shutdowns to prevent the spread of the new coronavirus must decide whether they can still afford to attend college in September. “[Colleges] could be looking at significantly d ecreased enrollments for the fall, both for new students and returning students,” said Lee Gardner, a senior reporter for The Chronicle of Higher SEE COLLEGES PAGE 14
Business groups straining to help keep members informed, afloat BY NANCY LAVIN | Lavin@PBN.com
MORE INSIDE: nP andemic Diary: CEO seeks silver linings. Page 5 n I nsisting on essential safeguards for workers. Page 7 nC OVID-19 raises workload for mental health agencies. Page 8 nW hat can the Federal Reserve do to help? Page 27
ELIZABETH
CATUCCI’S DAILY ROUTINE HAS SHIFTED dramatically in recent weeks. The president of the Northern Rhode Island Chamber of Commerce starts her day early, filtering through as many emails as she can before turning her attention to her three young daughters’ virtual learning. At noon, her husband returns home from his job in the financialservices sector. The couple exchange a high five and Catucci hightails it to the now-empty Chamber office, where she spends the afternoon fielding a flood of phone calls from the Chamber’s 600-plus members. SEE CHAMBERS PAGE 12
REACHING OUT: Northern Rhode Island Chamber of Commerce President Elizabeth Catucci says even if a business doesn’t have questions or demands, calling members can be a source of comfort, a way to show somebody cares. PBN PHOTO/ MICHAEL SALERNO
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