The U.S. Small Business Administration (SBA) honored Rhode Island’s top small businesses during the 2025 Small Business Week celebrations at the annual Salute to Small Business luncheon on May 8. Held at the Crowne Plaza in Warwick, the event recognized outstanding local entrepreneurs, including Alison Bologna and David Spencer, who received prestigious awards for their contributions to the state’s business community.
Alison Bologna, the founder of Shri Studio, Shri Service Corps, and Shri Bark, was awarded the Woman-Owned Small Business of the Year Award for Rhode Island and New England. Bologna’s ventures have significantly impacted the community by offering low-cost and free wellness programs, including yoga, to thousands across the state.
As a social entrepreneur, Bologna has made it her mission to blend health equity, community outreach, and sustainable business practices. Her efforts have resonated deeply with Rhode Island residents, providing accessible wellness services while also fostering a sense of community through her businesses. The SBA has praised her work for effectively combining social impact with business sustainability.
David Spencer, owner of Atlantic Paper & Supply, received the Family-Owned Small Business of the Year Award for Rhode Island. His business, a third-generation company based in Pawtucket, has become a regional leader in paper and packaging supplies. Spencer’s leadership has been integral in maintaining the company’s strong reputation for excellent customer service and fostering a positive company culture.
Under Spencer’s guidance, Atlantic Paper & Supply has grown significantly, positioning itself as a trusted partner for businesses in need of packaging solutions. The SBA recognized Spencer’s commitment to both his employees and the local community, emphasizing his ongoing efforts to maintain a strong family business tradition while adapting to industry changes.
Both Bologna and Spencer exemplify the resilience and ingenuity that characterize Rhode Island’s small business landscape. The SBA’s recognition of their achievements highlights the diverse ways in which small businesses contribute to the state’s economy. From social enterprises that promote well-being to family-owned businesses with deep community roots, these entrepreneurs continue to inspire and lead by example.
Rhode Island’s small businesses are not only a vital part of the local economy but also serve as cornerstones of innovation and community development. These awards celebrate the incredible accomplishments of individuals who dedicate themselves to strengthening Rhode Island’s economy and improving the lives of its residents.
As Rhode Island continues to grow and evolve, the recognition of local entrepreneurs like Alison Bologna and David Spencer underscores the importance of small businesses in shaping the state’s future. Their achievements remind us of the significant role small businesses play in driving economic growth, fostering community connections, and promoting social change.
