Commercial Real Estate Services
EDFRI offers extensive experience in the conceptualization, capitalization, investment analysis, and execution of commercial real estate development projects. EDFRI provides a flexible and cost-effective option for cities/towns, investors, and property owners to secure advisory expertise in advancing projects from concept to market.
Development Impact Analysis
Working with cities/towns or private developers, EDFRI can perform economic and/or fiscal impact analyses resulting from development projects or economic development strategies. These impact analyses can have value in securing public sector support and securing/awarding incentives.
Tax-Increment Financing
Tax-Increment Financing is a powerful and flexible tool that can be used by cities and towns to underwrite a wide array of economic and community development projects including infrastructure, real estate development, and workforce training to name but a few. EDFRI can assist cities and towns in analyzing and designing tax-increment financing districts and programs consistent with state statutes.
Strategey & Program Design
EDFRI can assist cities and towns in designing economic development strategies and programs. Examples of programs/services include omnibus tax-stabilization programs, redevelopment district planning, small-business revolving loan programs, economic development element to municipal comprehensive plans, advisory services to redevelopment agencies and economic development organizations/commissions, and meeting facilitation.
Program & Project Management
Communities & Projects Evolve
Leveraging its experience in commercial real estate development and economic development strategy planning, EDFRI saw increasing opportunity and demand for using its experience and expertise working with cities and towns in defining and advancing their economic development agendas. Some examples of these services include:
Innovate Newport
Selection by the City of Newport as the Preferred Developer for the repositioning of a vacant elementary school into $8 million innovation and co-work facility
Commercial Real Estate Planning
Providing advisory services to the Burrillville Economic Development Partnership in the development of multiple industrial buildings and the management and marketing of the Town’s Commerce Park
Town of Burrillville
Representing the Town of Burrillville in the negotiation with Daniele Foods for the company’s land acquisition and expansion into one of the world’s largest charcuterie processing facilities
Economic Development Strategy
Providing advisory services to a redevelopment agency, authoring two redevelopment plans and acting as an interim manager of a city’s planning and development department.
Who We Are
The Economic Development Foundation of Rhode Island, Inc. (EDFRI) is a private, not-for-profit corporation established in the early 1960’s, albeit adopting a name change in 2005. Throughout its history, EDFRI primarily focused on the strategy of commercial real estate development including the development and management of industrial and corporate parks and several high-quality flex buildings. EDFRI has been directly involved in the development of over 500 acres of industrial and office park development and over $500 million of private, commercial real estate investment.
Camoin Associates
Camoin Associates is the nation’s only full-service economic development consulting firm with more than 20 years of experience working with public and private clients to generate economic resiliency and prosperity. Camoin Associates’ services include real estate, industry, and workforce market and feasibility analysis; tax increment financing and development financing; and more. All of Camion Associates’ work is grounded in analytics leading to specific strategies and actions. Learn more at www.camoinassociates.com