At just over 1,000 square miles, Rhode Island is the smallest state in the United States, but its coastal, Northeast location creates opportunities for global business. The region from Delaware to Boston generates $3.75 trillion in economic output1 and if a separate country, would be the fourth largest economy in the world, behind the U.S., China, and Japan.
Centrally located between the world-renowned cities of New York and Boston, Rhode Island generates $66 million in GDP with an 8.9% nominal GDP growth from 2020 to 2021 and a 5.5% GDP growth for this same period when adjusted for inflation2. Rhode Island offers New England’s lowest corporate tax rate and boasts a stable business environment, a strong talent pipeline, and a vibrant economic development hub.
The Northeast I-95 corridor allows easy access to numerous airports and shipping terminals that serve international markets. Rhode Island's Quonset Business Park for example, is one of the largest in the Northeast and has a world-class transportation and utility infrastructure, which includes port, rail, road, and air transportation facilities. The port is one of the top auto ports and frozen seafood ports in the country. Rhode Island also T.F. Greene International Airport also provides easy access to domestic and international travel.
Is your business looking for a place to grow?
Make Rhode Island your home.
Rhode Island is RIch in Advantages
The smallest state in the USA, Rhode Island is home to just over one million residents who enjoy a variety of lifestyles in one compact package — coastal, urban, rural, and suburban. Though its size is small, opportunities abound.
Nearly five million talented workers live within a one-hour commute of Providence and each year, 100,000+ students graduate from top-notch universities and colleges within an hour of Providence - schools that are eager to partner with companies looking to recruit qualified employees and for graduates seeking employment to begin their careers.
With a booming tourism industry, a growing blue economy, and opportunities in industries from healthcare to housing, you’ll find plenty of opportunities to expand your business. Learn more about the advantages Rhode Island has to offer and see for yourself why so many have relocated to the Ocean State. Commerce RI, the state's economic development center, and the other resources below can help you familiarize yourself with the offerings available that can help ensure your success.
Relocation Information
Rhode Island is RIch in Lifestyle
Sure, Rhode Island offers terrific opportunities for businesses and investors, but what is it like to live here? From city to sea, Rhode Island has it all. See for yourself why so many have chosen to call the Ocean State home.
For more information, contact Philip Tedesco, CEO, RI REALTORS®
P: +1 401.432.6947
C: +1 401.595.1358
E: [email protected]