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Area Development - Site Selection, Facility Planning and Workforce Development

REGENT Craft Plans North Kingstown, Rhode Island, Production Operations

10/11/2024
REGENT Craft plans to establish seaguilder manufacturing operations in North Kingstown, Rhode Island. The project is expected to create 300 jobs over the next ten years.

The company will lease a 255,000-square-foot facility at the Quonset Business Park to manufacture its innovative seaglider technology.

“REGENT is growing quickly, creating new well-paying jobs every month, and looking forward to expanding into our new manufacturing facility,” said Billy Thalheimer, Co-founder and CEO, REGENT. “Not only will this make Rhode Island the manufacturing capital of seagliders in the U.S.; it will also continue the state’s leadership in composites manufacturing and the Blue Economy.”

The Board of Directors of the Rhode Island Commerce Corporation approved incentive awards that includes $1 million under the First Wave Closing Fund Act. The funds will be used to support REGENT’s operational expansion in Rhode Island in addition to a grant of $3 million under the Rebuild Rhode Island Tax Credit Act.

In addition, REGENT’s previous award under the Qualified Jobs Incentive Act, approved in June of 2022, was amended to reflect a new hiring schedule.

“Rhode Island is a hub for innovative, cutting-edge marine tech companies, and REGENT Craft’s expansion here helps bolster that,” noted Secretary of Commerce Liz Tanner. “This partnership is the perfect example of how Rhode Island is fostering economic growth through innovation, and we look forward to the long-term benefits this expansion will bring to our communities.”

REGENT Craft specializes in the design and manufacturing of all-electric, hydrofoiling wing-in-ground-effect (WIG) seaglider vessels.

“Quonset is pleased that REGENT will continue to grow along with the hundreds of other companies here at the Business Park, enjoying continued success that will create jobs for Rhode Islanders and economic growth for our state,” noted Steven J. King, Managing Director of Quonset Development Corporation.

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