AGP Executive Report
Last update: 8 hours agoOffshore Wind: Revolution Wind is now fully operational, with 65 turbines capable of powering about 350,000 homes in Rhode Island and Connecticut. The 704-megawatt project also brought construction work to the region and connects to the grid through Quonset. Business Investment: R.I. Commerce awarded $3.9 million in tax incentives for projects supporting new housing, a school, business expansion and job creation. CVS Restructuring: CVS plans to separate its retail pharmacy business from its Aetna insurance and Caremark benefits operations in 2028, a major shift for the Woonsocket-based company. Public Funds: A state audit found nearly $2.8 million in federal housing grants had not been entered in the state accounting system, and $202,710 in grants went undrawn; the housing secretary said the missing entries were later moved into the new system. Workforce Pipeline: East Greenwich received $710,000 in federal funding for Rhode Island’s first pre-med career and technical education program, including medical simulation equipment and work-based learning.
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