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CommerceRI, also known as the Rhode Island Commerce Corporation, is the state's leading economic development organization. Its core mission is to foster job creation, stimulate economic growth, and attract new businesses to Rhode Island while supporting the expansion of existing ones. They act as a central resource for businesses, providing information on incentives, workforce development, site selection assistance, and various programs aimed at improving the state's business climate. They effectively market Rhode Island as a desirable location for business operations, highlighting its unique advantages and resources.
Major Markets
Massachusetts Office of Business Development
Connecticut Department of Economic and Community Development
New England Economic Development Association
Massachusetts Office of Business Development
Strong state-backed resources
Access to diverse industries
Established reputation for innovation
Potential bureaucratic hurdles
High cost of living/doing business
Competition from other states
Attract remote companies
Leverage advanced technology sectors
Global investment attraction
Economic downturns
Changing political landscape
Increased competition from other EDOs
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