Home Economy ‘Everyone is disappointed’ in Ocean Tech Hub funding snub

‘Everyone is disappointed’ in Ocean Tech Hub funding snub

PRESIDENT JOE BIDEN looks on as U.S. Commerce Secretary Gina M. Raimondo speaks on the South Lawn of the White House during a news conference last August. LESS THAN a month after the Ocean Tech Hub was passed over for a cut of $504 million in federal grants, the U.S. Department of Commerce announced on Monday that the joint Rhode Island-Massachusetts technology consortium will receive $500,000 in funding. /ASSOCIATED PRESS FILE PHOTO/CAROLYN KASTER

PROVIDENCE – Rhode Island’s exclusion on Tuesday from $504 million in federal grants for a dozen technology hubs across the nation surprised and disappointed those involved in the state’s Ocean Tech Hub of Southeastern New England. R.I. Commerce Corp. had applied for $64 million towards the Ocean Tech Hub via the U.S. Economic Development Administration’s

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber
  • Critical RI business news and analysis updated daily.
  • 1 year of print (26 issues).
  • Unlimited access to all subscriber only content on our website, on any device.
  • Free email alerts.
  • Annual Book of Lists Print Edition.
  • All special issues produced during subscription term.

RELATED ARTICLES

1 COMMENT

Copyright ©2026 Providence Business News. All Rights Reserved.
Exit mobile version