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Rhode Island Resources Page
Inward Investment Guides

Regional Report: New England Joining the Economic-Recovery Bandwagon

Dale D. Buss, Staff Editor, Area Development (Directory 2016)
As a prime recipient of venture-capital investment, the New England region is continuing to attract entrepreneurs and grow jobs. More

Regional Report: Slow But Steady Economic Growth in New England States

Mark Crawford (Directory 2015)
Jobs are coming back slowly in New England, with aerospace/defense, bioscience, and fulfillment centers taking the lead. More

Rhode Island Direct Financial Incentives 2014

Area Development 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 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 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

RHODE ISLAND at a glance

POPULATION: 1,051,471 (2013, U.S. Census Bureau)

LABOR FORCE: 435,000 (2013, Bureau of Labor Statistics)


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) 31.4% (2012, U.S. Census Bureau)

Corporate Income Tax: 3-7 percent

Sales and Use Tax: 7 percent

Municipal Property Tax: Rates vary; refer to for detailed rates per community.

County Tax: None

Corporate income tax rate reduction

Corporate income tax reduction for job creation

Innovation Tax Credit

Manufacturing Investment Tax Credit (4%)

High-Performance Manufacturing Investment Tax Credit (10%)

R&D Tax Credit (22.5%)

R&D Property Credit (10%)

R&D sales tax exemptions

Job Training Tax Credit & grants

Adult education & employer’s apprenticeship tax credit

State enterprise zones

Motion picture production tax credit (25%)

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

Franchise tax repeal

Principal Manufacturing industries

  • Fabricated Metal Products
  • Miscellaneous
  • Computer & Electronic Product
  • Chemicals
  • Plastic & Rubber Products
  • Plastic Products
  • Machinery
  • Navigational, Measuring, Electromedical & Control Instruments
  • Food
  • Printing & Related Support Activities
  • Medical Equipment & Supplies
  • Machine Shops; Turned Product; & Screw, Nut & Bolt
  • Textile
  • Furniture & Related Products
  • Pharmaceutical & Medicine
  • Bakeries
  • Coating, Engraving, Heat Treating & Allied Activities
Source: U.S. Census Bureau 2011 Annual Survey of Manufactures