Learn more about relocating or expanding to Rhode IslandRhode Island business climate, manufacturer incentives, and advantages of RI communities |
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Rhode Island Business Data*  Population: 1,053,209 Total Labor Force: 558,200 Unemployment Rate: 8.8% Number of Manufacturers: 1,764 Manufacturing Jobs: 57,301
Right to Work: No
Unemp. Ins. Tax: 1.69–9.79%
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Corporate Income Tax:
9% (May be reduced to as low as 3% through the Jobs Development Act). Sales Tax:
7%. Exemptions include: Manufacturing fuels and raw materials; manufacturing machinery and equipment; pollution control equipment; intangible personal property. Property Tax:
Levied by municipality at varying rates. State caps property tax rates at no more than 4.5% for fiscal year 2011, 4.25% for 2012 and 4% for 2013 and after. Exemptions include: Manufacturers' machinery, equipment and inventory; pollution control equipment. Leading Manufacturing Industries:
(by % of total manufacturing employment) 12% Miscellaneous manufacturing industries 11% Industrial machinery and equipment 10% Fabricated metal products 8% Instruments and related products 8% Printing and publishing Largest Manufacturing Establishments:
(by number of employees) General Dynamics Electric Boat, Quonset Point Facility (North Kingstown) - 2,035
Amgen, Inc. (West Greenwich) - 1,500 Providence Journal Co., The (Providence) - 1,400 Hasbro, Inc. (Pawtucket) - 1,300 Raytheon Seapower Capability Systems (Portsmouth) - 1,200 |
Counties with the Most Manufacturing Jobs:
Providence - 39,802 Kent - 10,571 Washington - 8,613 Newport - 3,921 Bristol - 2,027 Cities with the Most Manufacturing Jobs:
Providence - 9,769 Pawtucket - 7,213 Cranston - 5,929 Warwick - 5,295 North Kingstown - 5,231 Manufacturing Related Business Incentives:
• Job Creation Guaranty Program
• High Performance Manufacturing Investment Tax Credit • Apportionment Exclusion for Medical and Pharmaceutical Manufacturers • Manufacturing Investment Tax Credit • Business Income Apportionment for Manufacturers • Accelerated Amortization for Defense Industry Manufacturers • Innovation Tax Credit • Foreign Trade Zones • Jobs Development Act Corporate Income Tax Reduction for Job Creation • Gross Premiums Tax Credits in Enterprise Zones • Employer's Apprenticeship Tax Credit • Job Training Tax Credit • Job Training Grants • Small Business Capital Investment Tax Incentives • Research & Development Expense Credit • Research & Development Property Credit • Multiple Municipal Business Incentives • Industrial Revenue Bonds (IRBs) • R.I. Industrial Facilities Corp (RIIFC)Tax-Exempt Revenue Bonds • Renewable Energy Fund • Small Business Loan Fund |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
Rhode Island Economic Development Corporation
The RIEDC is the full service, official economic development organization for the state. A quasi-public agency, it serves as a government and community resource to help streamline the business expansion in and relocation to Rhode Island. The agency assists companies with commercial real estate, business financing, workforce training and other relevant issues.
315 Iron Horse Way, Providence, RI 02908 (Map & Aerial View)
(401) 278-9100
www.riedc.com
City of Cranston Economic Development Department
The Office, located at Cranston City Hall, is a one-stop shop for all business needs. Whether a business is looking for available real estate, tax incentives, job training, or financing, its staff is ready to assist.
869 Park Avenue, Cranston, RI 02910 (Map & Aerial View)
(401) 461-1000
www.cranstonri.com
East Bay Chamber of Commerce
Its mission is to promote business as the foundation for community growth and well-being by being the most reliable resource and leading advocate for businesses throughout the East Bay and surrounding areas.
16 Cutler Street, Suite 102, Warren, RI 02885 (Map & Aerial View)
(401) 245-0750
www.eastbaychamberri.org
Greater Providence Chamber of Commerce
The Chamber is Rhode Island's oldest and largest business advocacy organization. For 139 years, its mission has been to foster the development of a positive and productive business climate for the community through economic development, business-to-business relationship building and effective public policies and government.
30 Exchange Terrace, Providence, RI 02903 (Map & Aerial View)
(401) 521-5000
www.provchamber.com
Rhode Island Industrial News:
Industrial Directory Reports Rhode Island Manufacturing Jobs Declined 2.2% (3/11/2013)
Rhode Island Manufacturing Jobs Remained Steady Over Year According To Industrial Directory (2/22/2012)
Manufacturers Directory Reports Rhode Island Industrial Jobs Declined 2.6% Over Past Year (2/14/2011)
Rhode Island Industrial Jobs Declined 8.9% Since Start Of Recession (1/27/2010)
Rhode Island Manufacturing Jobs Fell 4.1% In 2008 According To State Industrial Directory (2/11/2009)
Manufacturers' Guide Reports Rhode Island Manufacturing Jobs Down 3.9%; Providence Still Tops For Factories (2/9/2007)
Industrial Directory Reports Rhode Island Manufacturing Jobs Declined 2.2% (3/11/2013)
Rhode Island Manufacturing Jobs Remained Steady Over Year According To Industrial Directory (2/22/2012)
Manufacturers Directory Reports Rhode Island Industrial Jobs Declined 2.6% Over Past Year (2/14/2011)
Rhode Island Industrial Jobs Declined 8.9% Since Start Of Recession (1/27/2010)
Rhode Island Manufacturing Jobs Fell 4.1% In 2008 According To State Industrial Directory (2/11/2009)
Manufacturers' Guide Reports Rhode Island Manufacturing Jobs Down 3.9%; Providence Still Tops For Factories (2/9/2007)
Looking to reach Rhode Island manufacturers? Access the Rhode Island Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/18/2013.
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