Business
1:47 pm
Tue July 8, 2014

Defense Sector Represents 7.1% of RI GDP

A new report finds defense workers are being paid the highest wages in Rhode Island. The state’s Defense Economy Planning Commission released the report, which focused on the industry’s economic impact last year.

Electric Boat plans to double its workforce by 2028 to build a new class of submarines.
Electric Boat plans to double its workforce by 2028 to build a new class of submarines.
Credit File / RIPR

It finds there are 16,000 defense workers in the state. Commission co-chair Senator Louis DiPalma said those jobs support other jobs.  “The 1.5 multiplier. So for every one job, there’s 1.5 additional jobs that can be multiplied by that. That’s a big deal,” said DiPalma.

The report also found that the defense industry accounts for $3.75 billion to the state’s economic output.

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