Connect Greater Newport
Greater Newport Chamber of Commerce
Economic Strategy
Greater Newport encompasses nine communities within Newport County, as well as neighboring Bristol County. Despite their close proximity and interdependent economies, there was a lack of coordination and limited economic development staff. Recognizing the need for a shared vision and collaboration to support economic growth, a group of leaders formed a steering committee and established the Greater Newport Chamber of Commerce, one of Rhode Island’s largest business advocacy organizations.
The Chamber’s mission is to enhance the business, civic, and economic vitality of Newport County and greater Rhode Island, and to leverage the region’s core assets to address key issues for businesses and the community: quality jobs, quality growth, and quality of life. Fourth Economy Consulting guides and supports strategic planning for the organization.
Our Approach
Our team conducts data analysis, research, and interviews. We work with a Steering Committee to develop strategic plans focused on: adding capacity for local economic development; marketing the region’s business opportunities; retaining and attracting talent; and supporting and leveraging existing industries, as well as ongoing implementation and strategy updates.
The Results
We began with a traditional business calling program as a top priority, which revealed workforce housing as a key barrier to economic success. Addressing this spurred new partnerships and creative strategies, including a regional housing symposium. Broadband access, reliability, and affordability also became a focus for improvement.
Other initiatives implemented include creating the Connect Greater Newport website, promoting regional opportunities to 30,000 visitors at the Newport Folk Fest, and orchestrating annual Business Walks involving over 100 businesses. Notably, we secured buy-in and support from municipalities and business leaders, who have renewed their investment.
Throughout the pandemic, we supported economic recovery efforts, including grant writing, initiative development, and analysis to support community decision-making. The partnership between Fourth Economy and the Greater Newport Chamber has provided the community with a strategic resource for growth and an ability to react to pressing issues.
Location
Newport and Bristol County, RI