“Providing companies with access to capital makes doing business easier in Rhode Island and allows small businesses to stay competitive and create or retain jobs in the state,” said RIEDC Executive Director Marcel A. Valois. “In this round of approvals, we are helping both a start-up and an established Rhode Island business, representing the full spectrum of our economy.”
S&M Appliance Service Corp. was founded in 1953 by Harold Steward and Joe Murray specializing in the sale, installation and repair of gas-fired hot water heaters and space heaters. Since, the company has evolved into a distributor and servicer of high-end gas grills, pellet stoves and gas space heating appliances. S&M currently employs nine and has plans to add an additional two full-time employees within the next two years.
The Rhode Island Economic Development Corporation is the full service, official economic development organization for the state of Rhode Island. A quasi-public agency, the Corporation serves as a government and community resource to help streamline the business expansion in, and relocation to, Rhode Island.
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