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.”
