Infinity Meat Solutions to create 200,000 SF manufacturing facility
On the Rhode: CommerceRI on full display at BIO International
Electric Boat plans to significantly increase output, hire 1,300
R.I. doubles down on wind power with plans for new turbines
Food Processing Company Moves to Rhode Island
Infinity Meat Solutions LLC recently announced plans to create a state-of-the-art food processing plant in Rhode Island.
The $100 million, 200,000 square-foot facility will create 700 new manufacturing and distribution jobs, and hundreds of construction jobs.
Twenty-seven companies have leveraged the Qualified Jobs tax incentive to land or expand in Rhode Island. Read the press release here.
Rhode Island Rocks at BIO International
The Rhode Island Pavilion was a hot spot at BIO International, the massive convention held June 4-7 at the Boston Convention and Exhibition Center.
Rhode Island showcased the pillars of its biotech industry, which is morphing into a vibrant ecosystem with tremendous untapped capacity and generating approximately $500 million in revenue annually for the state. Community partners such as AMGEN, Brown University, University of Rhode Island, PCK, EpiVax and Wexford Science & Technology were all on hand and well-represented.
In the past 36 months,Rhode Island has invested more than $29 million into the life sciences industry and funded 21 R&D partnerships between companies and universities specific to this sector.
The BIO convention was attended by an estimated 16,000 attendees from 74 countries.
Infrastructure Investment at Quonset helps Electric Boat Expand
Last month, Governor Gina Raimondo announced a new infrastructure investment, allowing Electric Boat to accelerate the hiring of 1,300 new employees.
Additionally, Electric Boat will begin construction to significantly increase the size of its facility at the Quonset Business Park – a project that will support more than 600 construction jobs.
Governor Gina Raimondo and Deepwater Wind CEO Jeff Grybowski last week announced that the Revolution Wind project is expected to create more than 800 direct construction jobs, 50 good-paying, permanent jobs for Rhode Islanders at every skill level and hundreds more indirect jobs.
The next-generation, 400 megawatt windfarm will produce enough electricity to fuel 200,000 households, approximately half the homes in Rhode Island.
This investment will position Rhode Island to be a major factor in the growing American offshore wind industry.
This September, we are leading a new trade mission to the UK’s “Northern Powerhouse” – the cities of Edinburgh, Leeds and Manchester.
This trade mission, organized by Rhode Island Commerce Corporation, the Chafee Center for International Business at Bryant University, and the US Commercial Service, has been designed to kick-start commercial relationships and trade between Rhode Island and UK companies and assist with market entry strategies and research. Many Rhode Island companies, such as Mearthane Products Corporation (named SBA ‘Exporter of the Year’) have benefited and grown as a direct result of trade missions such as these.
For more information, contact: Katherine Therieau, Director, International Trade Programs, (401) 278-9139, Katherine.Therieau@commerceri.com.
WHERE ARE YOU?
See what companies like GE Digital and Virgin Pulse saw in Rhode Island at: www.WhereAreYou.us
