The Fortune 500 conglomerate Textron and Fortune 1000 company Nortek Incorporated are both headquartered in the city, and GTECH's world headquarters has recently been moved to downtown Providence.Citizens Bank is also headquartered in Providence.
Providence was one of the first cities in the United States to venture into the industrial revoltuion. By 1830, the city had manufacturing industries in metals, machinery, textiles, jewelry, and silverware. Though manufacturing has declined recently, the city is still one of the largest centers for jewelry and silverware design and manufacturing, while the Port of Providence is the second largest deepwater port in New England.
Services, particularly education, health care, and finance, also make up a large portion of the city's economy. Providence also is the site of a sectional center facility, a regional hub for the U.S. Postal Service. Since it is the capital of Rhode Island, Providence's economy additionally consists of government services.
Providence's 5 largest employers are the Rhode Island Hospital, Brown University, U.S. Postal Service, Women and Infants Hospital of Rhode Island, and Miriam Hospital.
