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Quonset Business Park (RI) Hits 14,000 Job Milestone

Rhode Island’s Quonset Business Park, one of the leading business parks in the Northeast, has hit an important milestone.

Just 14 months after celebrating 13,000 jobs, Quonset announced that it is now home to 14,379 jobs at 239 companies. Hitting this milestone reflects the park’s commitment to creating and sustaining an environment that encourages economic growth across Rhode Island and the region.

Key to Quonset’s growth is the Business Park’s “site readiness” program that offers pre-permitted, pre-engineered sites to new businesses, positioning them to break ground within 90 days of signing a lease. Additionally, continued investment in the world-class infrastructure at Quonset has paid dividends, attracting new businesses to the state and creating new jobs.

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Continued investment in Quonset Business Park has attracted new businesses to Rhode Island and created jobs. (Photo: Quonset Development Corporation)

 

These investments have supported long overdue upgrades and expansion at the Port of Davisville, positioning Quonset to continue as one of North America’s leading auto importers while expanding support for offshore wind. The $234 million Port Master Plan is modernizing the port’s infrastructure by reconstructing Pier 1, expanding Pier 2, and adding the new Terminal 5 Pier. These upgrades will create five new berthing areas, allowing additional cargo, auto carrier ships, and offshore wind vessels to call on Davisville and serve Quonset’s growing companies.

Meanwhile, Revolution Wind’s undersea cable will make landfall at Quonset, where an underground power cable will direct the energy to both new and existing substations at the business park. The wind farm will provide 704 megawatts of clean energy to Rhode Island and Connecticut by 2025—enough to power 350,000 homes. The project is also creating local jobs and contributing to Rhode Island’s climate goals.

The Rhode Island Advantage

Rhode Island’s ideal location in the Northeast boasts all the benefits of major commercial centers, including easy access to top companies, all manner of transportation, and world-class universities. Read more…

New construction at Quonset’s Flex Industrial Campus offers opportunities for small and new businesses by providing industrial, warehouse, and office space with flexible lease terms. In 2023, Quonset added Buildings #6 and #7 to the Flex Campus, totaling 70,000 square feet of new office and industrial space. Buildings #8 and #9 will open later this year. All completed buildings are fully leased. At the Gateway Offices, Building #6 will be completed this year, adding 30,000 square feet of new office space.

Quonset Business Park’s latest job numbers are a preview of bigger things to come. A recent report by Bryant University projects that by 2030, Quonset will host 17,000 jobs and generate $7.2 billion in economic output, including $2.1 billion in household income for Rhode Island families.

To achieve this goal, the Quonset team will continue to provide world-class infrastructure and amenities to the businesses and employees that call the Business Park home.

For more information, visit quonset.com.


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