Rhode Island Commerce

Rhode Island Commerce Corporation is the official full-service economic development organization for the state of Rhode Island. As a quasi-public agency, it offers a range of services aimed at fostering business growth and economic development within the state. The organization provides business assistance, access to funding, and helps reduce bureaucratic hurdles for companies of all sizes, from startups to established enterprises. Rhode Island Commerce serves a diverse clientele, including local businesses, entrepreneurs, and investors, operating primarily within the Rhode Island market. The business model revolves around facilitating public and private investments, improving public infrastructure, and enhancing the overall business environment in the state. Revenue is generated through various state-funded programs, grants, and partnerships with private entities. The organization also plays a crucial role in managing and approving financing for significant projects, such as the Tidewater Landing Project, which focuses on public infrastructure improvements.

Keywords: economic development, business assistance, funding access, red tape reduction, Rhode Island, public infrastructure, investments, startups, entrepreneurs, state-funded programs.