EDC fund gives firms energy jolt

WHIRLWIND: Rick Hodges, president of Hodges Badges in Portsmouth, with a windmill that a $225,000 Renewable Energy Fund grant will help pay for. / PBN PHOTO/BRIAN MCDONALD
WHIRLWIND: Rick Hodges, president of Hodges Badges in Portsmouth, with a windmill that a $225,000 Renewable Energy Fund grant will help pay for. / PBN PHOTO/BRIAN MCDONALD
To entice Toray Plastics (America) Inc. to expand in Rhode Island, state economic-development officials reached into their toolbox and tapped the R.I. Renewable Energy Fund. Whether the $750,000 from the fund will be enough to convince Toray to expand here remains to be seen. But officials say the fund has worked before. Over the years,…

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