Edesia Signs 25 Year Quonset Lease

The new facility could also be expanded another 25,000 square feet in the future, should Edesia deem it necessary.

The Quonset Development Corporation announced its Board of Directors approved the lease earlier this week.

The new facility could also be expanded another 25,000 square feet in the future, should Edesia deem it necessary.

"This is great news for Rhode Island and great news for Edesia. Quonset continues to show how investing in our state assets can help companies grow, create more jobs and propel our economy in the right direction," Governor Lincoln Chafee said. "Edesia's mission to end childhood malnutrition is vitally important, and it's an organization that Rhode Island is committed to helping grow."

Under the terms of the proposed agreement, Edesia will construct a new facility on a 10-acre parcel that is part of Quonset's Site-Readiness program. The QDC has completed all the permitting and engineering that a developer would have to conduct as part of "due diligence" to get a project under way. The success of the Site Readiness program is due in part to the collaboration with various state agencies, including the Department of Environmental Management (DEM) and the Coastal Resources Management Council (CRMC), which were instrumental in securing all the baseline permits that a new business would need to develop the parcel. As a result, Edesia expects to break ground on their facility within 90 days of signing the approved lease.

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