EAST PROVIDENCE – A $40 million state-funded site preparation program administered through Quonset Development Corp. recently announced six additional industrial properties that will receive comprehensive services, technical assistance, assistance with expedited permits and potential funding for physical improvements.
The latest six sites added to the Rhode Island Ready initiative, which was endorsed in 2021 by Rhode Island voters and aims to attract new businesses to the state and spur workforce development, include 1347 Roger Williams Way in North Kingstown; 195 Francis Ave. and 20 Goddard Road in Cranston; and three sites in East Providence: a long-vacant Getty oil storage terminal at 9 Dexter Road, a marine terminal at 649 Waterfront Drive, and the PCL Fixtures plant site at 275 Ferris Ave.
It comes after the board of directors of Quonset Development Corp. voted earlier this year to approve an initial round of Rhode Island Ready applications, bringing a total of 11 sites now in the program. Previously listed individuals include 1307 Hartford Ave. at Johnson; 0 Comstock Parkway in Cranston; 40 Keyes Way in West Warwick; 550 Romano Vineyard Way in North Kingstown; and 1 Moshassuck Street in Pawtucket.
The Quonset Development Corp. said it expects approved sites to receive up to $200,000 in assistance through Rhode Island Ready, with more complex sites potentially receiving additional funding. The end goal is to create a directory of “pre-cleared” sites ready to be used for industrial purposes, according to Quonset Development Corp.
“The initiative will create an inventory of pre-approved properties ready for industrial development, resulting in job creation across the state,” said Steven King, chief executive of Quonset Development Corp. “Registered sites will receive technical assistance with engineering, permitting and other approvals, as well as support that will prepare the sites for development activities.”
In total, the 11 listed sites comprise 135 acres of developable land, accommodating over 1.6 million square feet of new development.
“In the next phase, RI Ready staff will work with site owners and municipalities to activate sites for economic development, bringing new jobs and tax revenue to Rhode Island,” King said. “This process involves accelerating the permitting and approval process for industrial sites by removing uncertainty from the development process, eliminating red tape and ensuring efficiency with unified development regulations.”
In addition, 14 other candidate sites are still under review by the board, King said.
The Rhode Island Ready program was modeled after a similar site preparation program run by Quonset Development Corp. which has created more than 3,500 jobs at 14 sites, generating $664 million in private investment over the past decade, according to the organization, which runs the Quonset Business Park.
The Quonset Development Corp. said it continues to accept applications on a rolling basis through www.riready.org.
To be considered, industrial sites must be approximately 10 acres or larger in size, or at least capable of supporting a building of approximately 100,000 square feet, according to the initiative, and candidate sites must be zoned. for industrial or offshore wind support uses. .
Marc Larocque is a contributing writer for PBN.
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