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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
554,995

Unemployment Rate
4.2%

# Manufacturers
1,535

Manufacturing Jobs
55,848

Right to Work
No

Unemp. Insurance Tax
1.69–9.79%


Manufacturing stats updated on 11/13/2017. All other data updated on 11/13/2017. 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% Transportation equipment
10% Fabricated metal products
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) - 3,700
CVS/Caremark Corp. (Woonsocket) - 3,700
Hasbro, Inc. (Pawtucket) - 2,000
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 - 40,809
Washington - 11,352
Kent - 9,482
Newport - 3,757
Bristol - 1,795

Cities with the Most Mfg. Jobs
Providence - 7,715
North Kingstown - 7,392
Pawtucket - 6,872
Cranston - 6,043
Woonsocket - 5,192

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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