Newport Comprehensive Land Use Plan - Existing Conditions | Page 46

Newport Comprehensive Land Use Plan Notably, employment gains were accomplished in key sectors, including professional, scientific and management, as well as in manufacturing. These jobs typically pay higher wages and provide better benefits than for instance, hospitality jobs. In addition, they are not typically seasonal positions. These two factors combine to extend greater economic benefits (per position) over a longer period of time, resulting in higher multipliers and more stability. Compared to the state as a whole, Newport’s strength in the tourism industry is evident. As shown in Table 4-3 below, nearly 11% of the state’s population is in the arts and entertainment sector. By comparison, this sector represents nearly 21% in the City of Newport. The strength of the tourism industry is important to Newport as it directly relates to increased revenues through sales tax from outside sources. The City of Newport also enjoy a larger percentage of their workforce in the professional, scientific, and management sector as compared to the state. This sector comprises 13.3% of Newport’s workforce compared to 9.7% for the state as a whole. Table 4-3 - State of Rhode Island Employment by Industry Sector 2014 2014 Count 2014 Percent of Workforce Educational services, and health care and social assistance 138,299 27.0% Arts, entertainment, recreation, and accommodation and food services 55,894 10.9% Professional, scientific, management, administrative, and waste management services 49,411 9.7% Manufacturing 56,078 11.0% Industry Sector Source: 2010 & 2014 American Community Survey 5-Year Estimates There are several employers that make a major State occupational demand contribution to the full-time employment base in the projections indicate that community. These include Newport Hospital, the Newport demand will continue to grow Harbor Corporation (owners/operators of several city for workers in many healthrestaurants and lodging venues), the James L. Maher related occupations, including Center, the City of Newport, and Salve Regina University. medical laboratory and However, as noted in Table 4-4 below, the economy of radiology technologists, Newport, and that of Newport County as a whole, is very laboratory and pharmacy reliant upon the defense industry. As of 2014, the single assisting, and practical nursing. largest employer in Newport County is the U.S. Navy with 4,500 civilian employees. The activities at Naval Station Newport (NAVSTAN) provide a mix of job opportunities for civilians as well as for military personnel. In 2013, it was estimated that fully 73% of the civilian workforce at Naval Undersea Warfare Center (NUWC) was employed in Science, Technology, and Math (STEM) occupations. Individual annual wages are estimated at $110,000. Very clearly, the importance of this facility to the region and to Newport cannot be understated. Page 4-4 Draft Existing Conditions (March 2016)