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Economic Impact of RI Defense Sector

The importance of the RI Defense Industry has recently been highlighted in a report and at Defense Innovation Days 2017 held in Newport, RI.

The Defense Cluster is strategically important to the economy of Rhode Island.  It is an innovative and high-tech sector that contributes to economic growth, generates high-paying jobs, and has been resilient despite economic downturns.  Read the report here:  Economic Impact of the RI Defense Cluster – August 2017 – FINAL

Highlights from the report:

7.6% RI GDP – $4.3 Billion

6.2% RI total employment

~30K RI total jobs supported

Multiplier: 100 RI defense jobs support 119 community jobs

Highest RI wage sector: average salary:$70k private/$92k public