Brown and Sharpe has reached an agreement with the state of Rhode Island to relocate its operations to the Quonset Davisville Port and Commerce Park, located in North Kingstown, Rhode Island.

Under the agreement, the Rhode Island Economic Development Corp. will build a new facility at Quonset using moral obligation bonds, leasing the facility to the company for a 10-year period for the cost of the debt service. The 100,000-square-foot facility will be designed to allow for expansion and will be located on a 14-acre parcel in the Keifer Park section of Quonset. Brown and Sharpe hopes to occupy the new facility by July 2005.

For more information about Brown and Sharpe, click here.

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