By Kimberley Donoghue PBN Web Editor Twitter: @kdonog
WASHINGTON – Quonset Business Park just got a funding boost from the federal government to improve its utilities and road access.
The business park received $440,000 through a grant from the U.S. Commerce Department’s Economic Development Administration on Dec. 21.
The roadway improvements is expected to create 275 jobs and generate $50 million in private investment, a news release said.
“The Obama administration is committed to job growth and business development, and this grant will fund vital infrastructure needed in the North Kingstown community,” said U.S. Assistant Secretary of Commerce for Economic Development John Fernandez.
“This EDA investment will expand the Quonset Business Park to attract new businesses, including those associated with off-shore wind development, to help diversify the local economy and create new higher-skill, living-wage job opportunities,” he said.
The improvement will serve Compass Circle, a 60 acre development within the Quonset Business Park, a news release said.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
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