Rhode Island's economy leverages its compact geography and proximity to Boston and New York.
Rhode Island's economy leverages its compact geography and proximity to Boston and New York. The state has historic strength in jewelry and costume jewelry manufacturing, and the defense sector is significant with Naval Station Newport and General Dynamics' Electric Boat facility. Providence has reinvented itself around healthcare — anchored by Lifespan and Care New England health systems — design and creative arts (driven by RISD), and a growing hospitality and food scene.
Rhode Island's small size allows for direct access to state economic development officials and relatively fast permitting. The state offers targeted incentives for innovation, historic preservation, and waterfront development.
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