Rhode Island Senate Bill S0784

Rhode Island 2025 Regular Session

• Introduced: 3/14/25
• Refer: 3/14/25

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 financial commitment to WaterFire Providence is backed by an economic evaluation that estimates the event generates over $151 million in annual economic output and approximately $12 million in direct tax revenue for the state. This funding will enable WaterFire to continue its programming, which not only enriches Rhode Island's cultural landscape but also supports about 1,300 jobs within the community. Additionally, successful events increase hotel occupancy and aid in bolstering local businesses, showcasing a vital connection between cultural events and economic health.

Summary

Joint Resolution S0784 proposes an appropriation of $750,000 to WaterFire Providence, a nonprofit arts organization that has significantly impacted downtown Providence's economy and community engagement for over three decades. The funds are intended to support the operational costs of the WaterFire event, which has become a hallmark of the state's cultural tourism efforts, attracting nearly one million visitors annually. This appropriation is seen as a vital investment into the arts and community spirit of Rhode Island, enhancing civic pride and contributing to the local economy.

Contention

Although the bill has garnered significant support due to the positive economic and social impact that WaterFire Providence has demonstrated over the years, there may be discussions regarding the allocation of state funds to nonprofit organizations. Some lawmakers might express concerns about prioritizing financial support for events over funding other critical state services. Nevertheless, supporters maintain that such investments in culture yield substantial returns in tourism and community welfare.