The Green Bond: Investing in Quonset’s offshore future

B roll string out Still

Quonset Business Park is best known as the region’s leading engine of economic development and job growth, but we also play a critical role in protecting the local environment and supporting clean energy initiatives.

Question 4 on this year’s ballot, known as the Green Bond, asks voters to approve $53 million in bonds for “green” infrastructure, including nine separate environmental projects. The largest investment is at the Port of Davisville.

In recent years, the port has emerged as a crucial hub for offshore wind energy in the North Atlantic, but the industry is growing. Rhode Island’s ports must expand to both meet the rising demand and take advantage of the opportunity to create thousands of new jobs. The Green Bond will expand the port’s infrastructure, helping Rhode Island meet its climate goals.

The port currently services the Block Island Wind Farm, South Fork Wind and Vineyard Wind. It is also home to Revolution Wind’s fleet of offshore wind service vessels.

The 704 megawatts of clean energy generated by Revolution Wind will “plug in” at Quonset, powering more than 350,000 homes across Rhode Island and Connecticut.

When our state and federal partners invest in the Port of Davisville, those investments pay off. In the last 20 years, the port has increased its auto imports by 745% and is now consistently among the Top 10 auto importers in North America. Over 1,600 jobs at about 100 companies are already supported by the port, and further investment is projected to support an additional 1,100 jobs.

On November 5, Rhode Island voters will have the opportunity to support the Port of Davisville, as well as other key environmental programs, including clean water, farmland preservation, climate resilience and more.

Other News

Social Media

Sending a huge congratulations to Quonset company @regentcraft on their successful Series B funding round! We look forward to continuing to support their work and additional job creation at their new headquarters at 1 Seaglider Way.

With the unanimous approval of the QDC board, we’ve begun site work to make way for thousands of new jobs at @GDElectricBoat.

Learn more under Electric Boat Expansion - Sanford Road Relocation on the project updates page on our website ⤵️
https://quonset.com/project-updates/?fbclid=IwY2xjawT9emBwZG9mAWV4dG4DYWVtAjExAHNydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR7qPYxOfHUekA6sK-0RaINjscdPIOeIjvdYkC6YuoX4qW81G5wS1GPbYgQTcQ_aem_BHBmVscP59cs2mOL5bzE8Q

Announcing @regentcraft's $240M Series B to bring our Seaglider manufacturing facility online and deliver them to our military and commercial customers. Lets go!!

Could not have asked for better co-leads between Mare Liberum (@lcselby) and AE Ventures, bringing vast experience

Thanks to everyone who turned out for our construction site visit today at the Route 4 Missing Move Project in East Greenwich. We were excited to host @USDOTFHWA Administrator Sean McMaster, @GovDanMcKee @SenJackReed, @SenWhitehouse, @Rep_Magaziner, Seval Oz, the Assistant

Quonset is a proud sponsor of this year's Global Trade Summit, which brings together business leaders, policymakers and experts to explore the trends shaping global commerce and trade — incl. what they mean for the Business Park.

Register now to join us: https://global-trade-summit.bryant.edu/.