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With Question 3, R.I. voters have a chance to invest in the state’s economic future

·59m ago
Source: The Boston Globe
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This election cycle, Rhode Island has an opportunity to strengthen its economy, support local businesses, and position itself for growth in industries that will shape the future. Businesses deciding where to invest are looking for the infrastructure and development-ready sites that will allow them to turn expansion plans into reality. If Rhode Island wants to compete for that investment, we need to be proactive. The economic development bond, which is Question 3 on this year’s ballot, presents an opportunity to make that preparation a priority. The proposed $100 million investment would support site development and infrastructure for the state’s fastest-growing industries, including the life sciences, the ocean economy, and defense manufacturing. It’s a chance to build on Rhode Island’s existing strengths while preparing for new opportunities across the state. Site readiness can make a meaningful difference when companies are choosing where to open or expand their business. Environmental remediation, utility installation, and infrastructure upgrades require time and resources, which, for many growing businesses, are often in short supply.

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