In This Issue
Gov.'s Port Upgrade Plan Before House Finance Committee Today
10K Small Business Program Could Spur Growth for Quonset Tenants
Rhode Island to Host Pathways to Employment Summit on May 25
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Governor's Port Upgrade Plan Before
House Finance Committee Today

Rhode Island's Only Public Port Generates
Jobs, Millions in Tax Revenue

Quonset's Port of Davisville

Over 75 companies rely on Quonset's Port of Davisville to put $97 million in annual earnings into the pockets of Rhode Island workers.  At the same time, $27 million in state and local taxes is generated by the Port along with 1,500 direct, indirect and induced jobs. 

Those are just some of the highlights of testimony planned for later today before the House Finance Committee by Steven J. King, Managing Director of the Quonset Development Corporation.   The committee will hear from King and other port users about the benefits of Gov. Raimondo's $90 million modernization plan for Pier 2 at the Port of Davisville.  The proposal was introduced as part of her state budget earlier this year.
The proposal would support the modernization of Pier 2, built in 1956 with a design life of 50 years.   The plan will re-configure the Port for additional growth and provide more berthing capacity so other shippers can be pursued to call at the facility.  It will also allow Davisville to stay competitive with other ports in the region.

Steven King and others will testify in Room 35 of the State House, with the meeting set to begin with the Rise of the House at approximately 4:30 p.m..  To preview King's presentation before the Finance Committee, click here.

10,000 Small Business Program Could Spur More Growth for Quonset Tenants

Governor Gina M. Raimondo joined Goldman Sachs President and COO Gary Cohn earlier this month to announce the launch of the investment banking firm's 10,000 Small Businesses initiative in Rhode Island. While the program has reached over 6,000 small businesses across the U.S. and UK, this is the first time the firm has partnered with a state to offer training in management, access to capital and support services.

Goldman Sachs and its philanthropic foundation are committing $10 million in capital and philanthropic support to this effort. According to the company, in the first 6 months after graduating, 67 percent of participants report increased revenues and 46 percent report creating net new jobs. This program will provide small business owners with the skills they need to create more jobs and fuel Rhode Island's comeback.

Steven King wrote about the new program in an upcoming piece for the New England Real Estate Journal saying, "As a leading engine of economic growth for Rhode Island, we are constantly looking for new ways to help our tenants grow their business and create more jobs. Thanks to the recent launch of the '10,000 Small Businesses' program there will likely be even more opportunities for small businesses within the Park to achieve more growth."

To learn more, click here.

Rhode Island to Host Pathways to Employment Summit on May 25 
Peter F. Neronha, 
United States Attorney (RI)
In conjunction with the U.S. Attorney's Office and the State of Rhode Island, a Pathway to Employment Community Workforce Development Summit is being made available free of charge to employers and hiring managers across the state on May 25. The summit will have a special focus on workforce development and incentives for hiring formally incarcerated individuals.  It will be held on Wednesday, May 25, 2016 from 8 A.M. to 1 P.M. at the Radisson Hotel in Warwick, R.I.
Attendees of the Summit will obtain important information about the benefits and financial incentives available to their businesses upon hiring the formally incarcerated. This includes employers who currently employ ex-offenders leading a session on successes with these individuals and the successes they have endured. The Summit also provides business owners, employers, hiring managers, vocational education advisors, labor leaders and others the opportunity to speak with government officials and other relevant parties about hiring formally incarcerated individuals.

The Honorable Peter F. Neronha, United States Attorney for the District of Rhode Island will kick off the Pathway to Employment Community Workforce Development Summit at 8:00 a.m. on May 25.  Governor Gina M. Raimondo and Rhode Island Attorney General Peter Kilmartin will also speak.

To register for the Summit, click here.