Learn more about relocating or expanding to Rhode Island

Rhode Island business climate, manufacturer incentives, and advantages of RI communities

Relocate or Expand to Rhode Island - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the Rhode Island business climate, manufacturer incentives, and advantages of RI communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
Rhode Island Business Data*

Rhode Island

Population: 1,053,209
Total Labor Force: 550,300
Unemployment Rate: 9.2%
Number of Manufacturers: 1,732
Manufacturing Jobs: 58,056
Right to Work: No
Unemp. Ins. Tax: 1.699.79%
 
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)
11% Miscellaneous manufacturing industries
10% Industrial machinery and equipment
10% Fabricated metal products
8% Instruments and related products
8% Transportation equipment

Largest Manufacturing Establishments:
(by number of employees)
General Dynamics Electric Boat, Quonset Point Facility (North Kingstown) - 2,627
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 - 39,884
Kent - 10,387
Washington - 9,768
Newport - 3,766
Bristol - 1,989

Cities with the Most Manufacturing Jobs:
Providence - 9,784
Pawtucket - 6,849
Cranston - 6,082
North Kingstown - 5,920
Warwick - 5,108

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




Looking to reach Rhode Island manufacturers? Access the Rhode Island Manufacturers Database compiled by MNI.



*Manufacturing stats updated on 3/18/2014. All other stats updated on 3/18/2014. Listings updated on 4/25/2014.

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