Recent statistics on Warwick show a city on the brink of expansion. According to the U.S. Census Bureau, the median household income in 1999 was $46,483, over $4,400 more per year than the national average. And while the average home costs $262,900 in Warwick, home appreciation in the last year has gone up a healthy 15%. The city is seeing many new business opportunities in response to these positive economic trends.
Warwick's business climate is as diverse as its residents are. Top industries include health care, manufacturing, and government services. Major employers include:
- Kent Hospital
- Metropolitan Life Insurance
- United Parcel Service
- Kenney Manufacturing
- JC Penney Co., Inc.
The economic future of Warwick will be fueled by contributions from the region's manufacturers of plastics, chemicals, communications equipment, and electrical machinery. The city's Department of Tourism, Culture, and Development is also working to identify new business opportunities.
Sources:
- Best Places, Warwick, RI
- U.S. Census Bureau, Warwick, Rhode Island
- Warwick, RI
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