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December Update

INNOVATION
AQUANIS WINS $3.5M GRANT FROM DEPT. OF ENERGY
East Greenwich-based Aquanis is a start-up improving the aerodynamic performance of wind turbines.
With support from the Commerce Corporation and the Slater Technology Fund, company owner Neal Fine was able to support the development and demonstration of the technology on a 20-kW test turbine.
The company was recently awarded a $3.5-million grant from the U.S. Department of Energy to further expand upon the research and technology developed for wind turbine blades.
 
REAL ESTATE
 
CRANSTON STREET ARMORY
 
The State of Rhode Island’s Division of Capital Asset Management & Maintenance has released a Request for Information (RFI) to seek submissions from developers, event promoters, cultural organizations, businesses, and institutions interested in occupying and revitalizing the landmark Cranston Street Armory Providence’s West End.
 
OPPORTUNITY ZONES
RI COMMERCE LAUNCHES OPPORTUNITY ZONE WEBSITE
Rhode Island has a new website dedicated to Opportunity Zones in the state. The Opportunity Zones program is a new economic development tool for designated communities to attract private equity investment in businesses and real estate.
The website (rhodeislandopportunity.com) details information on the program, highlights areas designated as “Opportunity Zones”, and more.
 
BUSINESS NEWS
 
iXblue DEFENSE SYSTEMS MOVES TO RHODE ISLAND
 
iXblue will move its current U.S. headquarters from Natick, Mass., to Lincoln, R.I., next spring. The company recently celebrated a collaboration with Federal Electronics of Cranston.
 
iXblue will officially move into its new office to Rhode Island in early 2019, with more than 20 full-time, high-paying jobs, further cementing the state’s position as a defense industry leader.
 
 
 
SAVE THE DATE!
 
After a successful 2018, RI Commerce is returning to the BIO International Convention in 2019!
 
Philadelphia, PA | June 3 – 6, 2019
 
Interested in participating at the Rhode Island booth?
Please email Hope Hopkins.
Thinking about expanding or relocating to Rhode Island?
Contact us today!