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Rhode Island Resources Page
Inward Investment Guides

Rhode Island Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Rhode Island's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Sustainability: The “Invisible Hand” Shapes Next-Generation Location Selection

Don Schjeldahl, Founder, Don Schjeldahl Group (Q1 2014)
Companies that view their location strategies through a “sustainability filter” are more likely to achieve competitive advantage and long-term stakeholder value. More

Regional Report: Incentives Attracting Firms to the New England States

Karen Thuermer (Directory 2014)
Some new and creative incentive programs are being provided in the Mid-Atlantic States to help drive the region’s high-tech and other industries. More

Leading Locations for 2013: The New England MSAs

Area Development Magazine Special Presentation (July 2013)
The number-one Leading Location in the New England region is Framingham, Massachusetts, which has been recognized for its high quality of life and high-tech work force. Three other Massachusetts MSAs also place on the top-10 list for the region — Boston-Cambridge-Quincy, Barnstable Town, and Peabody. More

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 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%)

R&D sales tax exemptions

Job Training Tax Credit & grants

State enterprise zones

Small business capital investment tax incentives

Bond, insurance, and small business financing

Financial services/insurance incentives

No sales tax on boats and on aircraft, aircraft parts, or fuel

No local property taxes on manufacturers' machinery, equipment or inventory

Principal Manufacturing industries

  • Fabricated Metal Products
    13.9%
  • Computer & Electronic Products
    9.3%
  • Transportation Equipment
    7.9%
  • Food
    7.3%
  • Chemicals
    7.2%
  • Plastic & Rubber Products
    5.9%
  • Textile Mills
    5.6%
  • Machinery
    4.1%
  • Printing & Related Support Activities
    3.7%
  • Primary Metals
    3.4%
  • Paper
    3.2%
  • Furniture & Related Products
    3.1%
  • Electrical Equipment & Appliances
    3.0%
  • Other Manufacturing Industries
    22.4%