As part of its annual Legislative Day event, Rhode Island Infrastructure Bank celebrated its 30th anniversary at the Rhode Island State House this past Tuesday, March 5.
The celebration featured remarks from Infrastructure Bank CEO Jeffrey Diehl, General Treasurer Seth Magaziner, House Majority Leader Representative Joseph Shekarchi, Senate Finance Committee Chairman William Conley and Director of the RI Department of Environmental Management (RI DEM) Janet Coit.
“The Infrastructure Bank is one of Rhode Island’s best-kept secrets and has saved Rhode Island communities millions in debt service payments over the last 30 years,” said General Treasurer and Infrastructure Bank board member Seth Magaziner.
“For the past three years, the Bank has migrated to an outward-facing, customer-centric business model. This transition intends to make our programs more accessible to municipalities, business owners and homeowners,” said Infrastructure Bank CEO Jeffrey Diehl. “While there is more work to be done, I can confidently say we are beginning to see the impact of our efforts. This year will be a record year for the Bank and over 33% of our lending volume is coming from new business.”