Leading Locations for 2013: The MSAs with Strongest Prime Work Force Growth

Area Development Magazine Special Presentation (Q2 / Spring 2013)

REVISED 6/10 - In most of the cities that rank well in our "Prime Work Force" indicators, you will find a an abundance of culture and a strong higher education presence providing the kind of technology-transfer capacity that attracts a talented labor pool, sparks entrepreneurial activity, and provides an attractive destination for the types of startups and advanced manufacturing companies that are propelling metropolitan economics. More

Regional Review: New England States Target Industry Niches

Mali R. Schantz-Feld (Location USA / April 2013)

New England’s industry strengths are derived from professional business services, software and high-tech advanced manufacturing, product and component parts, and suppliers to the auto, computer, and aerospace and defense industry. More

Federal and State Legislative Moves to Boost Competitiveness & Business Climate

Jason Hickey, President, Hickey & Associates, LLC (Q1 / Winter 2013)

Understanding the competitive economic climate across the United States, Congress and state legislatures continue to propose new legislation to compete in today’s economic environment. More

Regional Review: New England States Are Well Positioned for Economic Growth

Mali R. Schantz-Feld (August 2012)

New England touts a long history of tradition, independence, strong character, and academics. The slow but evident economic recovery of the New England States reflects the persistent determination of its citizens and their resilience in the face of adversity. More

Rhode Island: Basic Business Taxes 2012

Area Development Online Research Desk (2012)

Rhode Island's economic development, finance, and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include corporate income taxes, a sales tax abatement, and the Job Growth Act. More

Rhode Island Direct Financial Incentives 2012

Area Development Online Research Desk (2012)

Rhode Island's economic development, finance, and tax organizations provide a range of incentive programs to initiate new business and commercial investment. Specific programs include Industrial Revenue Bonds, small issue bonds, and the Small Business Loan Fund. More

Regional Report: New England's Strong Educational Infrastructure Fosters Growth

Beth Mattson-Teig (July 2011)

A link that unites the New England States is a highly educated work force. The region is known for its extensive base of universities and colleges that has spawned a world-class research and development community. More

Taxes and Incentives: Getting the Full Benefit of Government Funding

Joseph Calvanico, National Director for Property Tax and Valuation Services, Crowe Horwath (March 2011)

As states and municipalities face budget shortfalls, companies must commit more resources to securing tax exemptions and financial incentives - but the potential benefits are too large to ignore. More

RHODE ISLAND at a glance

POPULATION: 1,052,567 (2010 estimate)

LABOR FORCE: 558,000 (Sept. 2012)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Finance, defense, insurance, health services, educational services, boat and ship building, fabricated metal products, machinery, jewelry

EXPANDING INDUSTRIES: Healthcare, life sciences, digital media, renewable energy, defense technology, financial services, industrial products and infrastructure services, consumer products and design, professional and educational services, information technology, marine trades

COLLEGE GRADUATES: (Age 25 and over) 38.6% (2009)

BASIC BUSINESS TAXES:
Corporate Income Tax: 3-9 percent

Sales and Use Tax: 7 percent

Municipal Property Tax: Rates vary

County Tax: None

BUSINESS INCENTIVES:
Corporate income tax reduction for job creation

Job Creation Guaranty Program

Innovation Tax Credit

Alternate flat tax rate computation

Manufacturing Investment Tax Credit (4%)

High-Performance Manufacturing Investment Tax Credit (10%)

R&D Tax Credit (22.5%)