PROVIDENCE, R.I. – Rhode Island Infrastructure Bank (Infrastructure Bank) today announced the promotion of Shaun O'Rourke to Managing Director, Program and Business Development. Mr. O’Rourke assumes the new role after 4 years serving as the Infrastructure Bank’s Director of Stormwater and Resiliency. He is replacing Michael Baer, who is leaving to pursue a new position in the private sector after 6 years of service to the Infrastructure Bank.
“We’d like to thank Michael for his years of work in leading new program and business development for the Infrastructure Bank,” said Jeffrey R. Diehl, CEO. “Thanks to Michael’s work in developing our new investment programs and building connections with Rhode Island’s municipal leaders and commercial property owners, the Bank has invested over $700 million in water, road, and clean energy infrastructure projects that have supported 16,000 jobs, and saved borrowers nearly $200 million through lower financing costs and energy savings. We wish Michael the best of luck in his new endeavor.”
Continued Diehl, “The Infrastructure Bank is pleased to promote Shaun O'Rourke to Managing Director, Program and Business Development, based on his strong record of running our stormwater and resiliency programs. Shaun is a true climate change leader who has been focused on ways to accelerate the state and its municipalities’ transition to clean energy and greater climate resiliency as Rhode Island’s first gubernatorial appointed Chief Resiliency Officer. Bringing those skills and experience to his new role, we look forward to continuing to grow our portfolio of infrastructure financing solutions for our state’s cities and towns, businesses, and homeowners.”
Rhode Island Infrastructure Bank is Rhode Island’s central hub for financing infrastructure improvements for municipalities, businesses, and homeowners. We leverage capital in a revolving fund to offer innovative financing for an array of infrastructure-based projects including water and wastewater, road and bridge, energy efficiency and renewable energy, and brownfield remediation. These quality of life projects improve the State’s infrastructure, create jobs, promote economic development and enhance the environment. For more information, please visit www.riib.org.