Welcome to BuildRI
BuildRI is an equal labor-management partnership devoted to promoting the benefits of using union contractors and their highly skilled union workers in the Rhode Island area marketplace.
Our coalition, which is involved in constructing virtually every commercial or major residential construction project in the area, encompasses over 500 local area contractors and 17 local construction unions.
Previously known as RI 21st Century Labor Management Partnership, we changed our name to more accurately reflect what our members have done and continue to do—Build Rhode Island. So the next time you drive or walk by a building construction project or view a crane in the sky in Rhode Island, chances are that our coalition members are completing it. We invite you to browse this Web site or contact our office via email or telephone at (401) 553-2100 to find out why.
PRESS RELEASE: April 22, 2014
Newly-formed Rhode Island Construction Coalition releases Economic Impact Study of the Construction Industry on the Economy of Rhode Island in 2013
Industry said to have generated $29 million in personal income tax revenues for the State of Rhode Island and $156.6 million in non-income state and local tax revenue
PROVIDENCE, RI – The newly-formed Rhode Island Construction Coalition, consisting of representatives from Associated Builders and Contractors (ABC), Associated General Contractors (AGC), BuildRI, Construction Industries of Rhode Island (CIRI), the Rhode Island Builders Association, and other industry professionals, today released Economic Impact Study of the Construction Industry on the Economy of Rhode Island in 2013. The report was authored by Dr. Edinaldo Tebaldi, Associate Professor of Economics at the Center for Global and Regional Economic Studies at Bryant University.
The report was commissioned with three things in mind:
To inform the public and policy makers about the outlook of the construction industry in Rhode Island;
To provide an unbiased analysis of the direct and induced (indirect) economic contribution of construction and identify other industries that are affected by construction in the state of Rhode Island; and
To foster a debate about factors hindering the growth of the construction industry in the state and create momentum for initiatives aimed at promoting the recovery and growth of the construction industry in Rhode Island.
The study measures the economic impact of the construction industry using multipliers that are specific for the state of Rhode Island. The multipliers used in this study are provided by the U.S. Bureau of Economic Analysis (BEA) and have been widely used by economists to analyze the impact of economic activities on regional economies.
This study estimates that in 2013 the construction industry in Rhode Island:
Supported 29,916 jobs (6.4 percent of nonfarm employment), from which 16,307 are direct jobs and 13,609 are induced jobs;
Added $3.9 billion to the state’s output, which represents 7.7 percent of the state’s Gross Domestic Product;
Created $1.35 billion in income for Rhode Island households;
Generated $29 million in personal income tax revenues for the State of Rhode Island; and
Generated $156.6 million in non-income (non-personal property taxes, licenses, sales, and gross receipts taxes) state and local tax revenue.
In 2012 construction average annual earning was $53,498.00, 20 percent higher than the average wage for all industries, 3.4 percent higher than the average wage in manufacturing ($51,724.00), and two times the average wage in the retail trade sector ($27,065.00).
Rhode Island construction employment increased from 18,889 in 2001 to 21,704 in 2005, stayed roughly constant in 2006, and then plummeted between 2007 and 2010.
From 2005 to 2010, Rhode Island’s construction industry lost about 7,550 jobs or 26% of employment. Employment in construction did not change significantly between 2010 and 2013.
Finally, the study estimates the additional contribution to the state economy - if the construction industry could operate at the level observed in 2001 – would:
Support 9,880 new jobs in Rhode Island, from which 5,436 would be direct jobs and 4,444 would be induced new jobs.
Potentially reduce the Rhode Island unemployment rate from 9.2 percent (as of January 2014) to 7.3 percent and from 8.7 percent as of March 2014 to 7 percent.
“The widespread difficulties in the housing market and weak construction outlook in the nation makes the short term a difficult time for the construction industry in Rhode Island,” said Dr. Tebaldi. “While this report does not assess the factors driving construction activity in Rhode Island, its findings suggest that the state has to align its cost-structure, improve productivity, and seize all opportunities to expand construction activities as a strategy for fostering job and income creation in Rhode Island.”
John Sinnott of Gilbane spoke for the Rhode Island Construction Coalition, “We are in an unprecedented time in Rhode Island’s history. Our neighbors and friends are struggling to find work, development has nearly ground to a halt, and there is little confidence in a turnaround. Collectively – from all corners of the construction industry – we have come together, both union and merit shops, home builders and road builders, commercial and institutional builders, to determine what is driving the stagnation and to initiate efforts that will help to turn the State’s economy around.”
“We literally built this state – from the buildings our children attend school in to the halls of government, from the homes in Gaspee Plat in Warwick to the mill buildings in Woonsocket, along with each freeway, bridge, and granite curb. It is heartbreaking to see crumbling infrastructure, home prices out of reach for so many, and capable tradesmen and women out of work, said Sinnott.” “We want to be part of the solution to rebuilding Rhode Island. Today is a first step in that. We have done the work of gathering facts and going forward - as one industry – we will take this information and work to turn it into usable solutions-based change.”
Contact: Arianne Corrente Lynch