Friday, March 21, 2025

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REGENT signs joint venture to manufacture seagliders in Abu Dhabi

NORTH KINGSTOWN – REGENT Craft has signed an initial deal to manufacture its all-electric seagliders in Abu Dhabi, United Arab Emirates.  The joint venture with...

REGENT Craft, leaders break ground on new manufacturing facility in Quonset

NORTH KINGSTOWN – Local, state and federal leaders on Monday formally marked the start of construction on REGENT Craft Inc.’s new seaglider manufacturing facility...

Burrillville receives $1.5M RI Ready funding for new industrial district

BURRILLVILLE – The town has been awarded $1.5 million in Rhode Island Ready funding to create an industrial district, the Quonset Development Corp. board...

REGENT Craft details ‘key step’ for Seaglider passenger trials

NORTH KINGSTOWN – REGENT Craft Inc. has taken "a key step forward" in bringing its Seaglider product to market, the company announced on Tuesday, with...
REGENT CRAFT INC. on Monday was awarded $4 million in combined funding and tax incentives from R.I. Commerce Corp. / COURTESY REGENT CRAFT INC.

REGENT Craft Inc. gets OK for $4M more in incentives from...

PROVIDENCE – The R.I. Commerce Corp. board on Monday awarded REGENT Craft Inc. $4 million in combined financing and tax incentives in anticipation of...
GIVE ’EM CREDIT: Joseph Raycraft, U.S. Small Business Administration’s export finance manager for the New England region, foresees the agency’s pilot “working capital” program enabling many businesses to expand. 
COURTESY U.S. SMALL BUSINESS ­ADMINISTRATION

SBA’s new pilot program a potential line of credit

Today, the average annual percentage rate on a new small-business credit card is 17.82%, but that hasn’t stopped roughly 25% of businesses from using...

First turbine successfully installed at Revolution Wind

PROVIDENCE – Revolution Wind has reached a historic milestone with the successful installation of the project’s first offshore wind turbine, Orsted A/S announced on...

Construction commences on Quonset’s new offshore wind pier

NORTH KINGSTOWN – As Quonset Development Corp.'s Port of Davisville gears up to serve the region's offshore wind industry, construction kicked off Wednesday on...

Job Lot deploys induction technology in new distribution center

NORTH KINGSTOWN – Ocean State Job Lot's Quonset Business Park distribution center recently opened a workstation that uses induction-based technology to increase workflow. The induction...

REGENT Craft secures investment from Mitsui O.S.K. Lines

NORTH KINGSTOWN – REGENT Craft Inc. is expanding its global reach with a strategic investment from Japan-based Mitsui O.S.K. Lines, or MOL, the electric...
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