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Expand or Relocate to Rhode Island
      

Rhode Island Business Data

Relocate or Expand to Rhode Island

RI business climate, manufacturer incentives, and advantages of local communities

Business Data for Rhode Island


Population
1,053,209

Total Labor Force
552,489

Unemployment Rate
5.4%

# Manufacturers
1,601

Manufacturing Jobs
57,009

Right to Work
No

Unemp. Insurance Tax
1.69–9.79%


Manufacturing stats updated on 6/29/2016. All other data updated on 6/29/2016. IndustryNet is not responsible for errors or omissions.
 
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 Mfg. Industries
(by # of employees)
12% Miscellaneous manufacturing industries
10% Fabricated metal products
10% Transportation equipment
9% Industrial machinery and equipment
8% Instruments and related products

Largest Mfg. Employers
(by # of employees)
General Dynamics Electric Boat, Quonset Point Facility (North Kingstown) - 3,600
Hasbro, Inc. (Pawtucket) - 2,000
Providence Journal Co., The (Providence) - 1,400
Raytheon Seapower Capability Systems (Portsmouth) - 1,200
Schneider Electric IT Corp. (West Kingston) - 1,000
Amgen, Inc. (West Greenwich) - 1,000
 
Counties with the Most Mfg. Jobs
Providence - 38,977
Washington - 11,067
Kent - 9,113
Newport - 3,645
Bristol - 1,977

Cities with the Most Mfg. Jobs
Providence - 8,850
North Kingstown - 7,293
Pawtucket - 7,246
Cranston - 5,888
Warwick - 4,767

Mfg. 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 & businesses available to assist with your relocation to or from Rhode Island

Topeka, KS
Striving to recruit new business & help companies expand in Kansas
Are you an economic development agency, chamber of commerce, or other organization in the business of helping companies relocate or expand? List your organization here and connect with growing businesses!
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