Bryant Study Shows Quonset Business Park A Key Driver of Rhode Island’s Economy

Quonset, R.I. – The Quonset Development Corporation unveiled new figures from a Bryant University study today showing that investments made by the state and federal government at Quonset Business Park are producing major benefits for Rhode Island’s economy.  The new figures show Quonset supported more than 21,000 full-time equivalent (FTE) jobs or 1 out of every 23 jobs in Rhode Island.  Quonset also produced $2.85 billion in economic output, $1.26 billion in labor income, and $113.1 million in tax revenues in Rhode Island. 

“Quonset Business Park is a major part of Rhode Island’s economy and it is a great example of how public investments can lead to greater private investment and job creation,” said Governor Gina M. Raimondo.  “But the success we have seen at Quonset cannot be sustained unless we have the skilled workforce to help businesses meet their growing demands.  That’s why my administration launched the Real Jobs RI initiative and has been working with Electric Boat to introduce a strategic workforce plan aimed at addressing long-term hiring opportunities at Quonset.  If we want to compete in the 21st century economy, we need to invest in the skills that businesses need.” 

 

To read the full press release, click here.

 

To view the full report, click here.

 

To view the info graphics, click here.

 

To view Steven King's presentation from the State House event, click here