Investing In Jobs and Our Economy – where we already know it works!

Question 3 on this year’s ballot - the Economic Development Bond - asks Rhode Islanders to approve $100 million in bonds to fund infrastructure for new and growing industries, new jobs and economic development all across Rhode Island.

• $55 million of this investment will support site development at the Quonset Business Park and the I-195 District in Providence, building on progress at both places that is already well underway.  Investments at these sites will ease the way for new and existing companies to grow in Rhode Island and create new, good-paying jobs right here in Rhode Island.

• The bond also includes a $45 million investment in Rhode Island’s growing life science industry, defense manufacturing and ocean technology, supporting new industrial sites where these sectors can grow.

We already know these types of investments have paid real dividends.  Since 2005, public investment at Quonset Business Park has spurred an additional $2.5 billion in investment by private companies, either coming to Rhode Island or growing here.  Whether they are new or existing companies, thousands of jobs have been created for Rhode Islanders and billions of dollars in annual economic activity have been generated.

This year, Rhode Island voters have the opportunity to continue this momentum by supporting an investment in future economic growth and job creation at Quonset and all across Rhode Island.  Early voting starts on October 14th and Election Day is November 3rd.

Please vote Yes on Question 3.