Rhode Island rests at the center of a 33 million person megalopolis with a GDP of $2.1 trillion. Its location along the northeast corridor puts it in reach of the densest pocket of higher education anywhere in America.
More than 100 colleges and universities are within a 50-mile drive of Rhode Island. Our tech talent pipeline is both enviable and accessible which makes PVD's entrepreneurial ecosystem especially robust. Other compelling features in support of living and working in Rhode Island include:
- favorably priced homes and miles of waterfront property
- competitive salaries
- employer-driven workforce incentives
- growing innovation economy
- easy access to New York City and Boston
- convenient air and rail options
- world class quality of life
- extreme "foodieness."
Check out this video to see how Rhode Island's "foodieness" is getting attention.
While comfort, cost and convenience are uber lifestyle strengths for Providence, so are the opportunities for business advancement. Battelle Technology Partnership Practice, Brookings, Monitor Deloitte and TEConomy Partners conducted a groundbreaking study to identify those sectors that represent particular pockets of strength for distinction and achievement.
Biomedical Innovation: This growth sector advances scientific knowledge of biological processes in ways that are reshaping the diagnosis and treatment of disease. Rhode Island has particularly strong market opportunities in neuroscience related therapeutics; medical devices for orthopedic, biosensing, and neurological applications; and health care informatics and digital innovations.
Big Data: Wireless communications, sensing and imaging data, and the internet of things are converging and generating strong consumer demand. Specific opportunities for the state include cyber-physical systems and data analytics, autonomous underwater vehicles, remote medical device monitoring systems, environmental and energy monitoring, and smart grid infrastructure.
Defense and Maritime
Design, Food and Custom Manufacturing
Transportation and Logistics
Arts, Education, Hospitality and Tourism
Defense, Shipbuilding and Maritime: Rhode Island is home to a wide range of maritime industries, including boat building, defense-related ship and submarine building, ocean cartography and engineering, and marine tourism. A highly integrated maritime economy that encompasses manufacturing, services, and research reinforces the state’s competitive advantages as the Ocean State.
Advanced Business Services: Today's enterprises rely on back-office operations for web services, data processing, marketing, client management, human resources, financial services, strategy and product development support. Applying advanced technologies can help firms improve their competitiveness. Rhode Island is able to drive growth in this area by leveraging its strategic geographic location.
Design, Food and Custom Manufacturing: Driven by rapid technological developments, falling costs and 3D printing technology, industrial design is an increasingly important part of product and service development. A burgeoning maker movement is lowering the barriers to custom manufactured goods. Particular opportunities for Rhode Island lay at the nexus of food, health, wellness and devices.
Transportation and Logistics: Perfectly positioned along the heavily traveled I-95 Northeast Corridor, Rhode Island is an ideal location for logistics, distribution and warehousing. Particular strengths for Rhode Island are in the distribution of food and grocery products.
Arts, Education, Hospitality and Tourism: This growth area brings together creative and recreational services across the arts, higher education, hospitality, full-service restaurants, conventions, gambling and tours and sight seeing. Opportunities include expanding an already vibrant tourism industry and expected employment gains in higher education.