In This Issue
BankNewport Breaks Ground on New Quonset Branch
Sustainable Initiatives Continue to Gain Momentum
Miss Rhode Island at Quonset

In the News


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BankNewport Breaks Ground on
New Branch at Quonset Gateway


Breaking ground: Steven J. King P.E., Managing Director QDC; Sandra Pattie, President & CEO
of BankNewport; Liz Dolan, North Kingstown Town Council President and QDC board member;
Kirk Sykes, Senior Vice President,
New Boston Fund and President of Urban
Strategy America Fund, L.P.

BankNewport broke ground today on a new branch at Quonset Business Park. The groundbreaking ceremony was attended by representatives from BankNewport, New Boston Fund, Quonset Development Corporation, and local community and business leaders from North Kingstown.

"Quonset Business Park is already home to more than 9,500 jobs and 175 great Rhode Island companies, and today we add another business to that growing list," said Governor Lincoln Chafee. "The addition of BankNewport is another indication of the incredible job New Boston and the QDC have done to develop the Gateway District at Quonset. BankNewport will help bring more visitors and more commerce to the park, and I look forward to them being here for many years to come."

The BankNewport branch will be located in the Quonset Gateway District within the Shops at Quonset Point retail area. The retail district has been developed by New Boston Fund, Inc., a private equity real estate investment, development and management firm. BankNewport signed a 15-year lease in April on a pad site to construct a new, 2,000-square-foot bank branch. Located at the front of the shopping center on the corner of Gate Road, the branch will offer easy access for customers.

Sustainable Initiatives at Quonset
Continue to Gain Momentum


With more than 175 companies and 9,500 jobs, Quonset Business Park is proving to be a formidable engine of economic growth for Rhode Island. It is also becoming a leader in sustainable and renewable energy initiatives due to the efforts of the QDC and many of the tenant companies throughout the Park.

The latest initiative comes from NEO Energy, which is based in Portsmouth, NH. The company is hoping to build a small power plant at Quonset Business Park that would generate electricity by burning the gas given off by food waste. While still in its infancy in the United States, NEO is targeting a new technology that has shown promising results in Europe, and could be one of the first of its kind on the East Coast. To learn more about the potential project, check out this recent article featured in the Providence Journal.

Several other renewable projects at Quonset Business Park are also gaining attention. In 2011 Toray Plastics (America) unveiled a 445-kilowatt solar field at its facility (pictured above), and the company recently announced their plans to make a major investment in a cogeneration facility. Another Quonset tenant based in the West Davisville section of the park asked Boston-based Nexamp to install a 2.4-megawatt solar array on the roofs of two buildings this past summer. It is now the largest rooftop solar array in New England.

Miss Rhode Island at Quonset:
Air Museum Hosts Fall Fashion Shoot

It's not just the modernized infrastructure, roadways, landscaping and signage that are looking so good at the Quonset Business Park these days. SO Rhode Island brought a handful of Rhode Island's top models, including current Miss Rhode Island Jessica Marfeo down to the Quonset Air Museum earlier this summer to shoot photos for their Fall Fashion feature. The magazine is a high quality lifestyle and community-based monthly that highlights the southern portion of the state.

Miss Rhode Island
Jessica Marfeo

The spread, which is available online and in numerous stores and restaurants around Rhode Island this month, features a series of photos shot by photographer James Jones. The models use several vintage military planes and other vehicles that are part of the Quonset Air Museum's unique collection as the backdrop.

To learn more about the Quonset Air Museum's collection click here. To see the fashion spread and find out which Rhode Island stores are featured in the latest "retro" collection, click here.