SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $54 MILLION IN RHODE ISLAND OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in Rhode Island
- SBICs have invested in 12 small businesses in Rhode Island since 2018.
- SBICs have invested $54.9 million in Rhode Island small businesses since 2018, with $25.9 million invested in FY 2022 alone.
- Rhode Island businesses that received financing from SBICs in 2022 supported 425 employees.
A sampling of the Rhode Island-based companies that have received SBIC financing:
Dominion Diagnostics, LLC (North Kingstown)
Dominion Diagnostics is a leading, certified and accredited national medical laboratory that provides drug monitoring solutions and actionable clinical information to improve patient care and treatment outcomes in addiction medicine and chronic pain management.
Dominion Diagnostics is a well-respected, trusted healthcare company with a demonstrated commitment to regulatory compliance, ethical standards, and professional integrity. Dominion Diagnostics has a long history of servicing customers from a diversity of medical specialties across the United States.
- SBIC Investment: $10,000,000