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Deepwater Wind

QDC Board of Directors approved a development agreement/lease option with Deepwater Wind for 117 acres at its board meeting June 29th.  Deepwater plans to use Quonset as a base for manufacturing, assembly and launching of wind turbines.  The project, which is expected to create 600 - 800 new jobs, marks a significant investment in the emerging energy industry at the Quonset Business Park. The 10 year lease for $20.7 million also includes options for an additional 10 years.