#41 Rhode Island


#44 in Taxation and Regulation

#37 in Workforce Quality

#39 in Living Environment

Right to Work?

Regional Profile – Northeast

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Connecticut
9
10
6
5
Delaware
11
11
3
2
Maine
3
5
5
9
Maryland
7
8
11
8
Massachusetts
8
9
1
6
New Hampshire
2
2
2
1
New Jersey
10
6
9
11
New York
11
11
8
10
Pennsylvania
4
3
4
4
Rhode Island
6
7
7
7
Vermont
5
4
10
3

Key Companies

Bank of America

Citizens Bank

CVS Caremark

General Dynamics Electric Boat

Hasbro

Textron

United Natural Foods

Wal-Mart

Advantages

While it could ideally move faster, Rhode Island is inching forward on the road to post-Recession recovery, with a 1.8% GDP growth rate.

Challenges

Business owners last year gave their state government an “F” in categories like ease of starting a small business, regulations, tax code, licensing and zoning in a study conducted by Thumbtack.com. Also, the Plantation State is showing signs of structural problems.

Key Contacts

Dept. of Administration

Michael DiBiase, Director
401-222-2280
One Capitol Hill
Providence, RI 02908

http://www.admin.ri.gov/

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No 35: Rhode Island

No. 35

Rhode Island

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 9%
  • Highest Personal Income Tax Rate: 9.90%
Workforce Quality
  • % with High School diploma or more: 83.7
  • % with Bachelor’s degree or more: 30.0
  • % with Advanced degree or more: 11.3
  • Patents per 100K: 26.21
  • % of Employed Represented by Unions: 17.4
Quality of Life
  • Hopsitals per 10K: 0.102
  • Elementary/Secondary Schools per 1000 people: 0.317
  • Violent Crimes per 100K: 230.68
Key Companies
  • CVS Caremark
  • Textron
  • Hasbro
  • United Natural Foods
Other Highlights
  • Rhode Island rose to #35 from #39 in 2009 and 2010
  • Rhode Island ranks 3rd in state debt per capita with $8716

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education