Notes

RIDC catalyzes and supports economic growth through high quality job creation, real estate development and financing of projects that advance the public interest – developing real estate to capture emerging and existing growth opportunities across diverse industry sectors.

In other words, we view RIDC’s success as part of a bigger picture. Our decisions are motivated by the economic development potential of our projects and the ability of our facilities and our tenants to impact the overall community.

Even though we are a nonprofit entity, when we acquire a property that has been abandoned for years, we put it back on the tax rolls and pay property taxes. We redevelop these sites to house jobs and support the community. Even if the simplest, most financially attractive option for RIDC would be to lease a building out as a warehouse, for example, we will continue to invest and market that property to attract the types of companies that will create jobs, grow and create additional economic activity.