Governor McKee, RI Infrastructure Bank Announce Opening of Municipal Matching Funds Pool

PROVIDENCE, R.I. – Governor Dan McKee and Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced the opening of the Municipal Matching Funds Pool through the Bank’s Municipal Infrastructure Grant Program, and encouraged local cities and towns to submit applications. The $5.5 million in available…

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BankRI Provides $483,000 In C-PACE Financing Through Infrastructure Bank For Fulford Manufacturing Rooftop Solar Project

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced $483,000 in Commercial Property Assessed Clean Energy (C-PACE) program financing for a new rooftop solar installation at Fulford Manufacturing’s facility in East Providence. The Infrastructure Bank also welcomes BankRI to the C-PACE program and congratulates them on funding their first project in the state. Fulford Manufacturing’s…

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R.I. Infrastructure Bank Welcomes Anthony Hebert As Business Development Officer & Announces Staff Promotions

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank, the state’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners, today announced that Anthony Hebert will join the Bank as a Business Development Officer. The Bank also announced the promotions of Anna Coelho Cortes to Managing Director of Business Development and Ken Viera to Deputy…

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Infrastructure Bank Applauds Governor and General Assembly Funding For Municipal Infrastructure, Clean Water, Drinking Water, and Affordable Housing Projects

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank is applauding the Governor and General Assembly for funding several infrastructure priorities in the FY 2024 state budget including: $5.5 million for the Municipal Infrastructure Grant Program (MIGP) – Originally created by the General Assembly in 2021, the MIGP has awarded $3.5 million in grant funding to 9…

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$515,000 Infrastructure Bank Loan Will Allow Narragansett To Better Protect Scarborough Treatment Facility From Coastal Erosion

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $515,000 Clean Water State Revolving Fund loan to the Town of Narragansett for site improvements at the Town’s Scarborough Wastewater Treatment Facility to better protect the site from coastal erosion. Specifically, funds will be used to restore a 600-foot-long rip-rap barrier which extends seaward…

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Infrastructure Bank Closes on $77 Million Green Bond to Support Clean & Drinking Water Projects Across Rhode Island

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $77,260,000 Green Bond to support clean water projects for the Narragansett Bay Commission and the communities of East Greenwich, East Providence, Middletown, Woonsocket, and Warwick, and for drinking water projects in the City of Providence. “Thanks to the Bipartisan Infrastructure Law, Rhode Island’s Clean…

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Infrastructure Bank Closes On $1 Million Loan For Study Of Water Quality Issues Impacting City Of Providence Ponds & Rivers

PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on a $1,000,000 Clean Water State Revolving Fund Loan, with $400,000 in principal forgiveness, for the City of Providence to conduct studies into water quality issues impacting Mashpaug Pond (phosphorous), Roger Williams Park Ponds (phosphorous and bacteria), the Woonasquatucket River (heavy metals and bacteria), and West…

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