Impact

In 2023, we commissioned an economic impact report for fiscal years 2016 – 2022, which found that RIHEBC:

  • Provided over $1.5 billion in financing for new projects creating 3,200 jobs and $2.4 billion in total economic activity.
  • Generated $53 million in state tax revenue, $52.6 million in local tax revenue, and $226 million in federal tax revenue.

Click here for a copy of the full RIHEBC economic impact report.

North Hall, Rhode Island School of Design, Providence
North Hall, Rhode Island School of Design, Providence