Section 880-RICR-00-00-5.1 - PurposeA. These Rules and Regulations (the "Rules") are promulgated to set forth the principles, policies and practices of The Quonset Development Corporation ("The Corporation") in implementing and administering R.I. Pub. Law Ch. 80, 2020 R.I. HB 7171 (the "Enactment").B. The Enactment shall be implemented by the Corporation through a program known as Rhode Island Ready (the "Program"). The Program will provide technical assistance and funding to activate industrial sites throughout the State of Rhode Island for manufacturing, assembly, distribution and other jobproducing commercial activities (which is not intended to include projects that are primarily retail and/or office uses) with the purpose of creating employment opportunities, generating tax revenue, and stimulating private investment. It is the intent of the Program to provide such assistance with the ongoing support of the local governing body (as defined in R.I. Gen. Law §42-64.3-11) in which the Site is located.880 R.I. Code R. 880-RICR-00-00-5.1
Adopted Effective 11/7/2021