Success at Quonset
Case Study: Return on Public Investment at Quonset
In recent years, consistent public investment at Quonset has yielded an exceptional return on investment for Rhode Islanders.
Since 2004, Rhode Islanders have authorized $140 million in bonds for the Quonset Business Park and the Port of Davisville. Since then, Quonset has turned that public investment into:
8,000 new jobs – with wages 20% higher than the state average
$2.2 billion in household income for Rhode Island families
$2.5 billion in private investment
5.2 million square feet of new facilities
685 acres of newly developed land for new and growing companies
$189 million in state and federal tax revenue
$15 million in taxes and payments in lieu of taxes for North Kingstown alone
Upgrades to U.S. Navy infrastructure at the Port of Davisville, now one of the Top 10 auto importers in North America — success on an international scale!