Rhode Island Inno: Federal grant offers ‘blue economy’ opportunity for URI, Ocean State

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With a billion dollars at stake, Rhode Island residents are one step closer to what could be a revolutionary, new “blue economy” thanks to the Build Back Better Regional Challenge, a U.S. Economic Development Administration program designed to develop and scale regional industry along with training a new workforce.

A team from Rhode Island, including the University of Rhode Island Research Foundation and the state commerce department, were recently selected as one of 60 finalists and awarded $500,000 to further develop their proposed projects.

Read the full article at Rhode Island Inno.

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