The Green Bond: Investing in Quonset’s offshore future

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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

Quonset company @RegentCraft was featured in @GovDanMcKee's State of the State address, where he shared CEO @BillyThalheimer's summation of all Rhode Island has to offer.

We'll soon break ground on a 255K sqft facility for Regent that will bring 300 new jobs to the Ocean State.

Before Quonset was a top business park, it was a military base for the @USNavy. Naval Air Station Quonset Point was home to several Essex class aircraft carriers, including the USS Wasp (CV-18) and the USS Intrepid (CV-11), pictured below at Quonset's carrier pier.

If you're looking to move your company in 2025, there's no better place to be than at Quonset. Our new office building has furnished individual offices and multi-office suites available for lease — and the location can't be beat! Reach out to leasing@quonset.com for details.

Before we close out 2024, we'd like to celebrate some fantastic employees who made a difference this year.

Our most recent Employee of the Month, Jared Passano, and Sue Sauco and Cristian Rescio, who were recently promoted, are invaluable additions to our team. Great work, all!

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