Rhode Island Senate Bill S2351

Rhode Island 2024 Regular Session

• Introduced: 2/12/24
• Refer: 2/12/24

Caption

JOINT RESOLUTION MAKING AN APPROPRIATION OF $750,000 TO WATERFIRE PROVIDENCE (Authorizes the appropriation of the sum of $750,000 to WaterFire Providence.)

Impact

The economic evaluation accompanying the bill indicates that the WaterFire events generate an annual economic output of approximately $151 million, and a direct tax revenue of nearly $12 million for the state, evidencing significant financial benefits to local businesses, particularly hotels and restaurants. By creating an enriching atmosphere that attracts visitors, the event plays a crucial role in boosting the city's economy during summer months when business may typically be slower. Additionally, the bill envisions funding programs designed for young members of the BIPOC community through initiatives such as ArtLab@WaterFire, ultimately fostering talent and community engagement.

Summary

Joint Resolution S2351 proposes to allocate $750,000 to WaterFire Providence, a nonprofit arts organization that has been pivotal in transforming the capital city of Providence into a notable international tourism destination over the past 30 years. The appropriation aims to support the operational costs associated with WaterFire, culminating in the highly celebrated bonfire events along the three rivers in downtown Providence. These events not only draw nearly one million visitors annually but also provide cultural and artistic enrichment to local residents and tourists alike, enhancing the vibrancy of the community.

Contention

While support for Bill S2351 is largely grounded in its economic and communal benefits, potential points of contention could arise regarding the allocation of state funds. Stakeholders may debate the appropriateness of state taxpayers' money being directed to a singular nonprofit organization, especially in the context of competing funding needs across various sectors and organizations within the state. There may also be discussions around equity, accessibility, and the long-term impact of such funding on the arts and cultural scene in Rhode Island, particularly concerning resource distribution among different artistic projects.