Bryant Study: Quonset Creates $5.9 Billion in Economic Output, $1.72 Billion in Household Income for R.I.

quonset day
The Quonset Development Corporation released the latest Quonset Economic Impact Study conducted by Bryant University recently showing that Quonset continues to be the leading engine of job creation and economic growth in Rhode Island. The report found that Quonset generates $5.9 billion in economic output annually, or 8.3% of the state’s Gross Domestic Product, and $1.72 billion in annual household income for Rhode Island families. Activity at the Business Park also results $169.1 million in annual tax revenues for state and local government.
The study’s findings were unveiled at the kick-off for “Quonset Day” at the State House. State leaders also had the opportunity to meet with 18 different Quonset businesses to learn about the innovative products made each day at the Business Park.
“Quonset is a leading example of Rhode Island’s economic momentum. The Business Park’s growth over the past two decades can be attributed to public infrastructure investments that have attracted significant private investments. I commend the leadership team at Quonset on the results they have continued to deliver,” said Governor Daniel J. McKee.
To read the full Bryant University report, click here.

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Companies come to Quonset to take full advantage of everything the Ocean State has to offer — including our coastline. From seagliders to submarines, the Business Park is a hub for cutting-edge marine manufacturing and technology.

REMINDER: Quonset companies are invited to join us on Thursday morning (2/13) for an interactive discussion with Rhode Island Energy (@wearerienergy) about the future of the state's gas and electrical systems.

It's not too late to register!
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It's been two weeks since we marked the start of construction on @REGENTCraft's new seaglider manufacturing facility, and we're still not over the excitement of 300 new jobs and more American manufacturing — right here at Quonset Business Park.

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It's never too early to start spring cleaning! Thank you to our hardworking maintenance team for adding a fresh coat of paint to the Business Park's jersey barriers.

Quonset Development Corporation invites you to a conversation with Rhode Island Energy (@wearerienergy) on Thursday, Feb. 13. Learn about upcoming electric and gas system projects and provide your feedback.

Register at http://forms.office.com/r/j2R5pnbNn9 to secure your spot!

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