Rhode Island

Economic Development Corporation

Data Source

JOB FACTS*

U.S. subsidiaries in Rhode Island have consistently supported a significant number of jobs in the state. They now employ 21,800 Rhode Island workers-an increase of almost 20% over five years.

In fact, the relative portion of jobs in the state supplied by U.S. subsidiaries has also risen over time. They provide the livelihood for nearly 5.2% of Rhode Island's private-sector workforce.

PROMINENT U.S. SUBSIDIARIES IN THE STATE

Citizen's Financial Group

Saint-Gobain Corporation

Securitas Security Services USA, Inc.

Sodexho Inc.

Toray Plastics Inc.



MANUFACTURING JOB FACTS U.S. subsidiaries support 4,200 manufacturing jobs in Rhode Island. Manufacturing companies tend to have a strong "multiplier" effect on the economy-stimulating a substantial amount of activity and jobs in other sectors through their demand for inputs from other suppliers. Overall, approximately 19.3% of jobs at U.S. subsidiaries in Rhode Island is in manufacturing industries.		ONE COMPANY'S STORY Securitas Security Services USA, Inc., a U.S. subsidiary of the Swedish security firm Securitas, employs over 1,000 people near Providence. The company specializes in providing security guards, alarm systems and cash transfers. It also provides consulting and investigative services. Securitas is among the top 50 employers in the state.

*Beginning August 2004, the Commerce Department changed the focus of its reported data on jobs supported by foreign direct investment (FDI). From this point on, all FDI statistics will refer only to companies having a majority of foreign ownership. Prior to this change, the Commerce Department followed international standards of including companies that had 10% or more foreign ownership.