Manufacturing and Industrial Products

Overview

The most successful Rhode Island manufacturers are investing in innovation, integrating technology, workforce training, and new business models to thrive in the global marketplace. Rhode Island brings important resources to this endeavor — facilities, location, infrastructure, workforce and a 100-year history of manufacturing excellence.

Rhode Island’s strategic location — approximately 45 minutes from Boston and three hours from New York City — provides companies with direct access to the world’s shipping and transportation routes. The Port of Providence, a small customs district, provides ease in importing and exporting.

Rhode Island Manufacturing Extension Services (RIMES)

For over 10 years, RIMES has provided support to Rhode Island's industries, resulting in increased profits, improved products, expanded markets and jobs created and retained.

RIMES support is continuous; its impacts sustained. As a member of a network of manufacturing experts across the nation, RIMES provides expertise, resources and support to help you achieve and sustain your business goals.

Since 1996, RIMES has worked with over 600 Rhode Island Manufacturers, providing comprehensive services that produce quantifiable results. Manufacturers who worked with RIMES between 2000 and 2005 report:

  • Increased or retained sales totaling $67.8 million
  • Up to 90% reduction in lead times
  • $24 Million spent on new investment
  • 85% Improved quality
  • 1202 Jobs created or retained
  • 50% Increase in space utilization
  • Up to 90% reduction in work-in-progress
  • Productivity improvements of 10-30%

Visit the RIMES website

Why Rhode Island?

RIEDC offers manufacturing and industrial products companies access to a portfolio of growth tools and support services:

  • Innovation investment tax credits of up to 50 percent (maximum credit of $100,000)
  • Manufacturing tax credit of up to 4 percent for new facilities and machinery and equipment used in the production process
  • High-performance manufacturer investment tax credit of up to 10 percent
  • Research and development tax credit of up to 22.5 percent
  • Access to expansion financing, lowinterest loans
  • Assistance with identifying, and in some cases creating, customized workforce development programs
  • Site selection assistance and guidance on permitting and regulatory issues
  • Comprehensive export assistance programs for companies looking to tap into global markets


Contact Information