Rhode Island’s economy has changed substantially over the past ten years with manufacturing declines and a boom and bust cycle in construction and financial services. Further, the State must now be able to compete in a global economy where knowledge is at the forefront of economic growth. A cohesive economic development strategy is imperative if the State is going to successfully compete for jobs, grow its economy and sustain necessary government programs. In order to inform this process, RIPEC provides periodic updates on key economic indicators such as unemployment, housing, wages and salaries and income growth. In addition, RIPEC annually publishes a review of business climate indices that reflect how the State is perceived by outside organizations.