Rhode Island

Business Climate

Map Rhode Island’s close proximity to two major industrial cities serves as a great asset to the business climate in the Ocean State, with Providence as the epicenter for business transactions in Southern New England. Rhode Island is located in the heart of the Northeast, only 50 miles from Boston and 180 miles from New York City.

Rhode Island is included in Boston metropolitan area demographics, which is designated as the 10th largest population center in the US. The Providence metropolitan area alone, which includes six counties in Massachusetts and all of Rhode Island, is ranked 37th out of the 366 defined metropolitan statistical areas in the country.

With the expansion of MBTA train travel, including stops in Providence, Warwick and Southern Rhode Island, and Amtrak’s Acela Express servicing Providence, residents can easily commute to and from both the Greater Boston Area, New York City and down the Eastern seaboard.

TF Green Airport, readily accessible off of I-95 and centrally located in Warwick, Rhode Island, offers continually expanding air service, providing convenient connections for business and leisure travelers.

The list of top private sector employers in the state is dominated by financial services, defense, education, retail trade, and the healthcare and biotech industries. Rhode Island headquarters three Fortune 500 companies, CVS Caremark (#13) Textron (#225) and United Natural Foods (#474), along with four Fortune 1000 companies, Hasbro (#576), FM Global (#541), Nortek (#878), and Amica Mutual Insurance (#977).