Invest Federal Stimulus Funds at Quonset to Keep RI at the Forefront of America’s Offshore Wind Industry
With over $1 billion in federal American Rescue Plan Act (ARPA) money still to be invested, Rhode Island has a unique opportunity to live up to our nickname of the “Ocean State”.
At Quonset, we have a detailed, $78.5 million plan to invest a portion of these funds to make way for the hundreds of jobs to support the offshore wind industry.
The plan will modernize our economy, create hundreds of good-paying, green jobs in the offshore wind industry and build the infrastructure necessary to support the development of renewable energy.
Click here to see the details of the Port Master Plan
The investment of ARPA money will fund a portion of the Port Master Plan, creating opportunities for offshore wind at Quonset’s Port of Davisville, the State’s only public port.
The proposal includes projects like upgrading port infrastructure to handle heavy offshore wind components and constructing new docking space to support Crew Transfer Vessels (CTVs) and Support Offshore Vessels (SOVs) for offshore wind construction projects.
With consistent support from our partners in government, business, and the voters, Quonset offers a window into what is possible in Rhode Island.
Over the years, Quonset has leveraged $700 million of public infrastructure funds into nearly $3 billion in private investment across the Business Park, supporting 12,200 jobs for Rhode Islanders at over 200 companies.
Quonset’s proposal will keep Rhode Island at the forefront of America’s offshore wind industry and build on Rhode Island’s “first in the water” advantage.
Read more below from Quonset Development Corporation Managing Director Steven J. King, P.E. in his latest column in the New England Real Estate Journal .