The Rhode Island Economic Development Corporation announced yesterday that it had issued $2.5 million in grants to two companies for a solar energy project and the creation of 40 jobs.
The board of directors for the EDC awarded a total of $1 million in grant money to Toray Plastics (America), Inc. Of that, $750,000 came from the EDC’s Renewable Energy Fund. The remainder was federal stimulus money channeled through the state Business Energy Assistance Program.
Toray will use the grant money to install a 375kW solar energy project at its Quonset Point facility in North Kingstown.
To read the full, original article click on this link: GoLocalProv | Business & Real Estate | EDC Issues $2.5 Million in Grants
