Quonset’s Success, by the Numbers

Here’s some very good news – Rhode Island’s congressional delegation and state leaders joined Steven King and Quonset leadership this morning (right) to celebrate the release of a new report from Bryant University. The study reconfirms the Business Park’s role as the state’s leading engine of job growth and economic development.
Quonset is home to 205 companies with over 11,600 jobs in a wide variety of industries. The report revealed some interesting details, including:

  • The Park generates $1.2 billion in household income for Rhode Island families annually;
  • Wages at Quonset are 19% higher than the state average;
  • Quonset generates $128 million in tax revenue each year;
  • Overall, Quonset accounts for over $4 billion in economic impact in R.I., or an astounding 7% of state GDP.

The Business Park is also home to one of every six manufacturing jobs in the state.
As Scott MacKay of the Public’s Radio makes clear in a recent story (link below), Quonset is undoubtedly a Rhode Island success story.
Our firm is proud to work with great clients like the Quonset Business Park, and help present a vision of what is possible in our great state.

The Public's Radio

Nice Ink!
Yawgoog Gets S’more Campers with First Girl Troops 

After 105 seasons, Camp Yawgoog had some new faces around the campfire as the iconic camp welcomed female scouts for the first time this summer. (Girls have been part of Scouting’s Explorers and Venturing programs for decades.)

Girls were welcomed into all programs in the flagship program in 2018, now known as Scouts BSA. Camp Yawgoog was no exception. The girls enjoyed the camp’s long standing traditions and quickly felt right at home.
Rachel (right), a Tenderfoot Scout from Troop 333 East Freetown (MA), was among the girls getting in on the fun. Outside of Scouting, Rachel competes in pageants and was recently crowned Miss Outstanding Teen Massachusetts. She says that Scouting and pageants are not mutually exclusive. “Both programs have provided great mentors who have encouraged me to learn, have fun and live life as an adventure,” she says.
Camp Yawgoog also welcomed several other all-girl troops from across Rhode Island, including Troop 1 Arnold Mills, Troop 77 Buttonwoods and Troop 7 Warwick.
Scouting Magazine
The Westerly Sun
Valley Breeze
New Bedford Standard Times
It Takes a Village to Raise a Glass

Starting a new business brings many challenges. That’s why Jennifer Brinton (right), owner of Grey Sail Brewery, built a strong support network in business and the beer industry when first starting out in 2011.
“Sometimes you take their input and use it, and sometimes you adapt it to the circumstances, but don’t be afraid to ask for help or seek it out,” Brinton said in Providence Business News’ “One Last Thing” recently. 
Grey Sail’s engagement with the community reflects their belief that “It takes a village.” They also apply this approach to running their business, giving them an edge in a competitive industry. “If you’re going to excel, you have to be aware of your shortcomings because you simply can’t do everything. You need to find people to play different roles,” said Brinton.
Grey Sail was recently featured in USA Today as a stop on the Rhode Island Brewery Trail. The coverage featured a special nod to their Flying Jenny extra pale ale and their enormously popular Captain’s Daughter double IPA. 
USA Today
Show Me the Money! 
Municipalities See Big Savings from Loan Refinancing 
Rhode Island Infrastructure Bank presented big savings to municipalities at an event in Pawtucket recently. Providence, Pawtucket, Newport, Bristol, and Woonsocket were presented with checks totaling $559,826 in savings on drinking water projects through the Bank’s Drinking Water State Revolving Fund. This initiative is part of a strategic effort by the Bank to take advantage of low-interest rates and provide financial savings to customers.
“The Infrastructure Bank’s refinancing of water debt has helped cities and towns save over a half-million dollars,” said Rhode Island General Treasurer Seth Magaziner (right). “This money can now help create greater economic opportunity and put people to work protecting the vital resources that make Rhode Island a great place to live.”
In response to low-interest rates, the Bank has sought to proactively manage its balance sheet as a way of delivering savings to borrowers. The incredible savings presented in Pawtucket is a result of these efforts. Over the last five years, the Bank has provided $25 million in savings to borrowers by using this approach.

N eighborhood News
Changes are Coming to the Providence Public Library
The New Harbor Team is really settling into our new location downtown! We had the pleasure of meeting with Jack Martin, Executive Director of the Providence Public Library (PPL) recently to see the changes underway there. The $25 million renovation will combine the architectural styles of the library’s two buildings, with new windows and views on Empire Street. The new design will create a more open, easily navigable space that includes a new cafe, teen center, and maker spaces. 
The renovations will position the library to function as an education center in addition to their traditional materials lending services. PPL expects library attendance to increase, bringing new activity to downtown.
The New Harbor team is excited to see the amazing transformation taking place right down the street from our office, and we’re looking forward to taking full advantage of the new space.