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Middletown Leads
Area # 4 - Economic Development
The guiding principles of this area
of the Comprehensive Plan include:
1.
Long term economic development
opportunities and job creation 2.
Education and training of the
workforce
3.
A positive business environment
4. The long term viability of
agricultural businesses.
Economic Development - Goals, Policies, & Action Items
1.
Promote a diverse and expanded local
economy without
compromising the characteristics and qualities which make
Middletown a desirable community
2.
Foster collaboration between
business and local educational institutions
to develop a trained workforce
3.
Retain and expand existing industry
clusters and cultivate new clusters
4.
Strengthen the economic vitality of
agriculture
Economic Development Sectors
Each of the following sectors is an
important job creator with an impact on Middletown’s tax base:
1.
The Federal Government & Defense
Industry
2.
The Naval Undersea Warfare Center
(including BRAC - the Defense
Base Closure and Realignment
3.
SENEDIA – Southeastern New England
Industry Alliance and the
Defense Industry Partnership
4.
The Marine Trades
5.
Tourism
6.
Agriculture
7.
Retail.
The following areas provide opportunities for increased
economic development:
1.
Aquidneck Corporation Park
2.
Enterprise Center
3.
Atlantic Beach District
4.
West Main/Coddington Development
Center
5.
Two Mile Corner Growth Center.
Extremely important to all of the
above as well as new economic development is the Aquidneck Island Broadband
Project.
Challenges to Economic Development
The major challenges to economic
development include an aging population, which may be resistant to change, and
the lack of affordable housing, which would encourage business and industry to
locate here.
Middletown’s Comprehensive Plan is
based on a balance of the various aspects of the community.
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