Providence: A University Community and More
The nation's first off-shore wind farm gets its sea legs built here
Take a look around. PROVIDENCE, RHODE ISLAND is Travel + Leisure's "number one favorite city in America." It's a place where the mighty entrepreneurial forces of "grit and intellect intersect." Immerse yourself in a talent base of world-class designers, artists and "artrepreneurs."
Academic researchers, medical scientists, foodies and fabricators, alike, enthuse that Providence is the perfect place to grow. Our small scale allows connections to form easily. Relationships are deep. Interesting intersections of people and ideas happen naturally. Here, we are leading the movement to use Art + Design as forces to transform the economy of the 21st century just as science and technology did in the last century. On the renewable energy front, as shown in the banner image above, Providence is where General Electric is building components for the nation's first off-shore wind farm in ocean waters 50 miles to the south. Deepwater Wind's mammoth supply chain is drawing entrepreneurial interest from all over the world.
Yes! Providence, too, is an Ivy League town with Brown University a potent driver of our local economy. Plus, we're only 50 miles south of Boston, which makes us an integral part of the Greater Boston regional economy. Many of our local entrepreneurs talk about Providence being the "hottest start-up community in the Greater Boston region." Launching a venture can be faster and easier in a smaller marketplace like Providence where people, networks and expertise are at your fingertips. And word is spreading. In December 2015, the city was named one of the Top 15 places to found an entrepreneurial company outside Silicon Valley and New York. Reasons include favorable cost of living, intellectual and cultural capital and a high density of young start-ups. GQ magazine says the capital of Rhode Island "has always punched above its weight in terms of smarts and creativity. But lately Providence has added a few new bullet points to its résumé—like a celebrated food scene and a high-style party hotel—that cement its rep as the coolest city you haven't been to. Yet."
At the same time, we are close enough to the region's many start-up super clusters to be a viable and complementary option. As a networked region, Greater Providence and Greater Boston are geographically one and the same. Lots of angel and venture capital is waiting on the sidelines, eager to be invested in new ventures. Maybe even yours?
To be sure, Providence has its own identity and all-star characteristics. Students, young professionals and innovators are everywhere. Start-up capital in the region is plentiful. Our world-class research institutions are eager to crank out businesses and social enterprises with a ferocious pace. Entrepreneurial companies find that there is plenty of talent here to keep their growth trajectory steep. And big plans are now being executed. Brown University, Rhode Island College and the University of Rhode Island are redeveloping a major piece of real estate known as South Street Landing in the Knowledge District to create incubator, housing, retail, classroom and office space geared towards nursing and health care education. In addition, proposals are now being accepted by the Route 195 District Commission to redevelop 21 parcels along the Providence waterfront.
Wexford Science + Technology and CV Properties are leading ambitious efforts to create a mixed use innovation complex. They have signed a purchase and sale agreement for five acres of prime waterfront land and plan to invest $250 million in incubator, wet lab, research and office space. “Wexford and CV have created thriving life-science centers and leading research and development business environments around the country. Their decision to take this next step forward with Rhode Island is a big deal for our state and shows we have momentum,” Governor Raimondo notes.
Colorful and Edgy
Providence is diverse, with sophisticated dining and culture ---- a key lifestyle differentiator. As a university town, you will find lots of places to hang out with like-minded risk-takers to develop your next great idea. Why get lost in the crowd when you can have it all right here? Providence is a great place to work, reside and have a life! And best of all, we were recently ranked number two in the country on the "Top 10 Best Downtowns," number one in America for "most exciting mid size cities," number one by Architectural Digest as the country's best small city and America's number one "favorite city" by Travel + Leisure magazine. This website explores some of the interesting aspects of Providence and introduces you to life in Rhode Island, more generally.