"This milestone is a tremendous example of the private sector working together with the state to make us a leader on the global stage," Raimondo said. "The priorities of my administration are to attract more entrepreneurs and to support our existing business, all while fostering innovation in government. The Port of Davisville has become one of North America's leading auto importers because we've modernized its infrastructure and marketed our strengths and because NORAD has grown to more than 300 people since it began operations here more than 25 years ago."
Today's figures reflect an increase of close to 5,000 more automobiles arriving, compared to the 2013 record-breaking numbers. The Port of Davisville has been one of the Top Ten auto-importers in North America for the past several years. The Port is a key component of the Quonset Business Park, which is already considered one of the premiere business parks in New England and one of the largest in the Northeast. Quonset is now home to almost 200 companies, employing more than 10,000 people in full-time and part-time jobs across several industries.
"We are thrilled to call the Port of Davisville NORAD's home," said Michael Miranda, president and CEO of NORAD. "The state and our federal leaders have done an incredible job in positioning the Port for more business, and we intend to capitalize on those efforts in the months and years ahead."
In 2014, the Port imported 178,215 autos, a 2.8 percent increase from 2013. The amount of cars imported is now more than five times the volume seen at the Port just 15 years ago. An additional 34,293 autos were brought to the Port to be finished by rail and 3,498 by truck.
The bustling Port is also home to businesses such as Seafreeze, Ltd., American Mussel Harvesters, RI Mooring Services, Mill Creek Marine, and others. An economic impact study recently found that the Port of Davisville supports more than 1,100 direct and indirect induced jobs. The Port also creates $119 million in business output annually for the state, generates approximately $42.6 million in house hold income, and contributes about $4 million in state taxes and $5 million in local taxes to Rhode Island's economy.
"We are thrilled to have reached another great milestone alongside NORAD and we believe there is much more growth still to come for Quonset and the companies at the Business Park," said Steven J. King, PE, the managing director of the QDC. "We are dedicated to helping move Rhode Island forward and building on the momentum that we are seeing today."
About Quonset Development Corporation: The Quonset Development Corporation (QDC) is a real estate development and property management company. Formed in 2005 it is responsible for the development and management of the 3,207 acre Quonset Business ParkÂ®. Quonset Business Park is the home to almost 200 companies, more than 10,000 full and part-time jobs, and the Port of Davisville, which is a Top Ten auto-importer in North America.