OUR DEVELOPMENT PARTNER
At-a-Glance: Quonset Development Corporation
The Quonset Development Corporation develops and manages the Quonset Business Park, the leading engine of job growth and economic development in Rhode Island. Quonset Development Corporation is a quasi-state agency and a “Special Purpose” subsidiary of R.I. Commerce.
Quonset Quick Facts:
Hosts over 12,200 jobs at more than 200 companies, including one of every six manufacturing jobs in R.I.
Home to the Port of Davisville, one of the Top 10 auto import ports in North America and Rhode Island’s only public port.
Has provided a platform for over $2 billion in private investment since 1980
Quonset facilities are powered 100% by renewable energy.
Operations are funded solely from the Business Park and Port revenue.
Home to two former military bases: Quonset Naval Air Station and the Naval Construction Battalion Center at Davisville.
Quonset’s Annual Economic Impact
$1.28 billion in household income for R.I. families
$128.8 million in tax revenue
$4.27 billion in economic output
Success Stories: Proven success with site readiness and a predictable development process
The historic growth of the Quonset Business Park can be attributed in large part to its unique Site Readiness program. Quonset provides pre-permitted, pre-engineered sites to new businesses that are shovel ready within 90 days of the business signing a lease. This success reflects Quonset’s commitment to taking uncertainty out of the development process – eliminating red tape and guaranteeing efficiency with unified development regulations.