Funding secured for R.I. marine development

NEWPORT, R.I. – Senator Jack Reed (D-R.I.) plans to visit the International Yacht Restoration School to announce new federal funding he secured to restore one of the school’s historic buildings, IYRS said in a statement Tuesday. The restoration will increase the pool of skilled workers for the state’s marine industry and provide greater access to vocational training and sustainable careers.

Reed, a member of the Senate Appropriations Committee, along with Sen. Sheldon Whitehouse (D-R.I.), secured more than half a million dollars in the fiscal year 2008 appropriations spending bill to help restore IYRS’s 1831 Aquidneck Mill Building, a previously derelict landmark on the National Register of Historic Places.

The restoration will enable IYRS to expand its facilities for vocational training for the marine industry, a central contributor to the state’s economy.

Speakers will discuss the restoration and their hopes it will attract new businesses to the area April 28 at IYRS.

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