The resolution recognizes the significant impact of WaterFire Providence, a nonprofit arts organization, on the city of Providence over the past 30 years. It highlights how WaterFire has transformed the capital into a renowned international destination, attracting nearly one million visitors annually and revitalizing the local economy by generating over $151 million in economic output and nearly $12 million in direct tax revenue for the state. The event has also played a crucial role in enhancing community engagement, boosting local tourism, and supporting job creation, while providing a vibrant cultural experience for residents and visitors alike.

In light of these contributions, the resolution proposes an appropriation of $750,000 for the fiscal year 2025-2026 to provide operational support for WaterFire Providence. This funding aims to sustain the organization's efforts in promoting arts and culture, as well as its initiatives to empower young members of the BIPOC community and support emerging artists through various programs. The resolution underscores the importance of WaterFire in fostering civic pride and economic growth in Rhode Island.