NORTH KINGSTOWN – Industrial leaders at the port of Providence and at Quonset Point are urging members of the state Senate to support improvements to the ports they say are necessary for surrounding industries and the state’s economy to grow.
Representatives from Electric Boat, Seafreeze, Deepwater Wind, Moran Shipping and Motiva Enterprises all impressed upon lawmakers the importance of ocean shipping to the state’s economy, during a Senate summit on port resources held Monday night.
In 2009 the General Assembly formed a port commission to investigate seaports at Providence, Quonset and Newport. It concluded the ports could generate an additional 1,000 jobs, $70 million in personal income and $127 million in business revenue provided certain steps are taken. Recommendations include the creation of a Rhode Island Port Marketing Collaborative and a port economic policy ombudsperson to oversee their operation.
“You can think of the marketing collaborative as a chamber of commerce for the ports,” Sen. William A. Walaska, D-Warwick, who served as commission chairman, said at the summit.
The Quonset port has not been dredged since the 1970s and is at a current depth of 29 feet. The preferred depth is 32 feet. Currently the port of Providence is at 40 feet and was last dredged in 2004. Industrial leaders said they have invested heavily in improvements to their facilities, showing their commitment to the state.
The commission supported the issuance of $7.5 million in revenue bonds by the Quonset Development Corporation for the Quonset dredging. In addition, the R.I. Economic Development Corporation is planning to invest $20 million - $10.5 million of which are from federal grants – to invest in cranes and other improvements to the Providence and Quonset ports.
Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.