Rhode Island Ready delivers $1.5 million to Burrillville

ri ready logo

The Quonset Development Corporation’s board of directors recently awarded $1.5 million in Rhode Island Ready funding to the Town of Burrillville for the expansion of utility infrastructure in an industrial district on Bronco Highway, paving the way for business growth and new jobs.

This investment is expected to create approximately 95 new jobs, which will generate $5.4 million in household income for families. The State of Rhode Island will receive an estimated $190,000 in income tax and $105,000 in sales tax from the site development. The Town of Burrillville will receive an estimated $222,000 in annual tax revenue.

“We are excited to bring these investment dollars to Burrillville to help get the Bronco Highway industrial district shovel ready,” said QDC Chief Operating Officer Chelsea Siefert, who manages the RI Ready program. “This project is an excellent example of what Rhode Island Ready makes possible in Rhode Island. When we work together with private business owners and municipalities, we create new jobs, tax revenue and activated sites for economic development across the state.”

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/.