Volvo Ocean Race to stop in Newport for 2014 – 2015 race
Governor Lincoln D. Chafee and Volvo Ocean Race CEO Knut Frostad announced that Newport, RI, will host its first Volvo Ocean Race after winning a stop on the route of the 12th edition of sailing's premier round-the-world challenge in 2014-15.
Rhode Island stands to gain significant benefits from increasing activity in the green energy and green technology sectors. By investing in renewable energy, Rhode Island can not only create jobs and spur economic development, we can also develop new and innovative technology, reduce our dependence on foreign oil and address environmental concerns and provide energy security for the state. Rhode Island has an opportunity to more fully leverage its coastal location, natural resources such as wind, water and sun and all other renewable sources along with our green tech talent to create high wage jobs in the sector. The Rhode Island Economic Development Corporation is focusing on the green industry — an industry that has the potential to put Rhode Island at the epicenter of the emerging alternative energy market. Learn more about RIEDC's efforts to advance the green economy in Rhode Island.
In November 2008, the Rhode Island Economic Development Corporation announced its plans to manage the state’s Renewable Energy Fund (REF), making a new commitment to stimulate job growth in green technology/green energy sectors of Rhode Island’s economy.
Created by legislative statute in 1996, the REF is dedicated to increasing the renewable energy supply in Rhode Island. The fund is managed by the Rhode Island Economic Development Corporation and provides grants, loans and other financing for renewable energy projects that produce electricity in a cleaner, more sustainable manner and stimulate job growth in Rhode Island’s economy. The REF provides incentives for the following activities:
Business, commercial and institutional projects;
Affordable housing developments;
Municipal renewable energy projects;
Technical and feasibility studies.
The REF aims to make these investments in the “green sector” of the Rhode Island economy, attracting green businesses to Rhode Island, creating a green workforce and increasing the number of “green collar” jobs in the state.
The Renewable Energy Fund is an important asset to ensure greater energy independence for our state and in building our capacity to create jobs in this sector. We are positioning the state as a leader in the alternative energy industry as the REF and the state’s utility-scale off-shore wind project give Rhode Island an advantage in creating long-term job growth possibilities in the green technology industry.
For more information, contact Hannah Morini at or 401-278-9135.
Interested parties are requested to notify the RIEDC of the intention to apply to the Renewable Energy Fund as soon as possible prior to submitting the application by emailing firstname.lastname@example.org or calling 401-278-9135.
Please email application and all attachments to Hannah Morini, Renewable Energy Program Manager email@example.com.
Hard copies must be received by the application deadline. Please hand deliver or mail via USPS registered mail to:
Attn: Hannah Morini
315 Iron Horse Way, Suite 101
Providence, RI 02908
Questions? Please contact Hannah Morini, Program Manager for the Renewable Energy Fund, 401-278-9135, firstname.lastname@example.org