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Rhode Island Resources Page
Inward Investment Guides

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 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

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%