Rhode Island: A Small State With A Distinctive Mix
Rhode Island has 29,510 employer establishments, per the 2023 County Business Patterns, and 95.1% of them have fewer than 50 employees. The state's economic development efforts lean toward life sciences: in September 2025 the governor's office and the Rhode Island Life Science Hub announced five founding companies for Ocean State Labs, described as the state's first life science incubator, slated for 150 Richmond Street in Providence's Innovation District. Ocean State Labs, on the fourth floor of 150 Richmond Street, opened in early 2026 according to Rhode Island press coverage. State-level totals are not Providence totals.
- U.S. Census Bureau: 2023 County Business Patterns: State file (cbp23st) (2023 CBP; retrieved 2026-10-05)
- Office of the Governor, State of Rhode Island: Governor McKee, RI Life Science Hub announce five foundational companies for Ocean State Labs (2025-09-24 press release; retrieved 2026-10-08)
- Rhode Island Monthly: Biotech companies are coming to life at Ocean State Labs (March 2026 article; incubator opened February 2026; retrieved 2026-10-08)