Gov. Raimondo Cites Quonset's Success
in Annual State of the State Address
“We’ve added thousands of jobs at the Quonset Business Park. Electric Boat just keeps on growing, and more than two dozen companies have moved or expanded there. In fact, Quonset is bursting at the seams… It’s a proven success.”
-Governor Gina Raimondo

The remarkable growth at the Quonset Business Park over the past decade was highlighted earlier this month in Gov. Gina Raimondo’s State of the State address.  
With over 12,000 jobs at over 200 companies, Quonset is the leading engine of economic development and job creation in Rhode Island. According to a 2019 Bryant University report, Quonset supports $4.3 billion in economic output annually, or 7% of the state’s GDP, $1.28 billion in annual household income for families, and $128.8 million in annual tax revenues in Rhode Island.
Gov. Raimondo cited Quonset’s example in proposing a new bond to invest in preparing site ready industrial parcels across the state, similar to a program already in place at Quonset. The proposal was included in the Governor’s FY2021 state budget. 
Preparing the Port of Davisville for Offshore Wind
Governor Raimondo’s proposed budget included a $20 million investment earmarked for upgrades at the Port of Davisville, Rhode Island’s only public port. This investment will finance the Port master plan, adding capacity for offshore wind logistics. 

Over the years, Quonset has effectively leveraged $700 million in public investment into over $2 billion in private investment at the Park, with billions in economic impact annually for Rhode Island families and the state economy as a whole. 
The Port of Davisville is consistently ranked among the Top Ten auto importers in North America. In 2019 the Port broke its annual auto-import record for the 11th time in 12 years. The Governor’s proposed investments will be essential to ensuring the Port’s infrastructure can accommodate increased activity in the future. This bond will position Davisville to accommodate offshore wind project cargo and logistics staging while continuing to support the successful auto import and processing business.
The Governor’s proposal follows successful public investment in Port of Davisville’s Pier 2 in recent years with support from the General Assembly and overwhelming approval by the voters. The Pier 2 project, which is nearly complete, includes construction of a new steel bulkhead for the north, south and east faces of the pier, dredging Narragansett Bay to accommodate larger ships, and extending Pier 2 by 232 feet to the north – creating a third berthing space at the port for unloading cars and other cargo.
The Port of Davisville is a key part of Quonset’s success, supporting over 1,200 jobs, over $97 million in household income and $333 million in business output. 
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