Research and Development
Rhode Island is a strategic hub for Research and Development activities. Our state enjoys more colleges, universities and hospitals within a one-hour drive than any other area of the world. Within our borders, we also have a federal lab dedicated to undersea warfare, an industrial base that boasts the second highest in the nation business R&D expenditures in proportion to payroll and an academic medical center that features the fourth highest in the nation per capital investment of NIH funding. Complementing the private and non-profit R&D is a state tax infrastructure that provides multiple R&D incentives, including the most generous R&D tax credit in the country.