Currently home to over 200 companies providing nearly 12,000 full and part-time jobs in Rhode Island, Quonset Business Park saw significant growth in 2018 with investments in essential infrastructure and construction of new company facilities.
"Quonset Development Corporation (QDC) is pleased to close out another successful year," said QDC Managing Director Steven J. King. "Quonset remains committed to fostering an environment for current and potential companies' success by investing in the highest quality infrastructure."
In 2018, $56 million was invested in infrastructure projects throughout the Park, including transportation upgrades, wastewater treatment facility improvements and further office space for companies.
The QDC saw $340 million in private investment last year, a significant increase from 2017. The increase was spurred by new arrival Infinity Meat Solutions' $100 million investment in a new state-of-the-art facility and Electric Boat's ongoing expansion to their existing Quonset facility. These large private investments contributed to the construction of over 650,000 square feet of new structures at the Park in 2018.
The QDC will welcome new businesses to the Business Park in 2019, including Lincoln Manufacturing and Agilent, among others. Quonset strives to continue leading the charge in Rhode Island's economic development and job growth and hopes to build on the successes of 2018 by continuing to provide a climate for businesses to thrive.