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Economy of Providence


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government services. Prominent companies headquartered in Providence include Fortune 500 Textron and United Natural Foods, Fortune 1000 Nortek Incorporated, privately held engineering firm Gilbane, and GTECH Corporation, who recently moved their world headquarters to downtown Providence. Citizens Bank, the 15th-largest bank in the country, is also headquartered in Providence. Another company whose origins were in the city is Fleet Bank. Once Rhode Island's largest bank, it moved its headquarters to Boston, Massachusetts, after acquiring Shawmut Bank in 1995. Before its acquisition by Bank of America, Fleet merged with BankBoston to become New England's largest commercial bank.

The city is home to the Rhode Island Convention Center, which opened in December 1993. Along with a hotel, the convention center is connected to the Providence Place Mall, a major retail center, through a skywalk. The Port of Providence, the second-largest deepwater seaport in New England, handles cargo such as cement, chemicals, heavy machinery, petroleum, and scrap metal

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