Week 8 Future of Ports in RI

According to the ProvPort official website, “ the port of Providence is one of the busiest ports in America’s northeast, it also has the distinction of being one of only two deep-water ports in New England”. Also this port can bring around $16 million in revenue to the local and state government.

The Providence Harbor was founded in 1636 and it was developed as an active center for fishing and trading activities. As time went on, this port were getting more and more important and imported with raw materials and some manufactured goods. Moreover, during the 19^th century, ships sailed for ports around the world and some immigrants started get into the country through the port of Providence.

For today’s market the port of Providence uses the superiority of deep-water port to open more businesses. In 2010, according to the study conducted by Bryant University, the initial investment will generate more than $120 million in economic stimulus and created more than 550 jobs in Rhode Island. Also there will have more transportation funding come to the state and to improve the infrastructure of port. The port of Providence is like a model for all the efforts to spark the state’s economic growth.