Project Information

Bid Title

RFP-Manufacturing Succession Readiness for Rhode Island Manufacturers

Issuing Agency

State Government of Rhode Island

Location

Rhode Island

Published Date

Jul 17, 2026

Closing Date

Aug 5, 2026

Government Level

State & Local

Status

Closed

Ref. #

RFP-2614

Original Source

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Project Description

Info	Opening Time	Solicitation Number	Status	Bid Title	Posting Group	Posting Entity	Contact Person	Contact Phone
	08/05/2026 11:59pm	RFP-2614	Active(Scheduled)	RFP-Manufacturing Succession Readiness for Rhode Island Manufacturers	Quasi-Public	RI Commerce Corporation	Kara Kunst	4012789100

Bid Description
RI Commerce Corporation
Bid Number: RFP-2614

Description

The Rhode Island Commerce Corporation (“Corporation”) seeks proposals from qualified firms to provide services to RI-based manufacturing owners and employees aimed at improving the succession readiness of manufacturing firms. As many owners in the manufacturing industry approach retirement without a succession plan in place, Rhode Island risks seeing independent and sometimes family-owned firms transferred to out-of-state ownership, which could result in layoffs, job relocations, and the loss of wealth-building opportunities for Rhode Islanders. The Manufacturing Succession Readiness Program aims to enable business successions that simultaneously unlock liquidity for existing owners, retain jobs and ownership locally, and equip new entrepreneurs. Specifically, the Program will support advanced succession planning for owners, develop a roster of qualified local potential buyers (including, but not limited to, current manufacturing employees), and facilitate opportunities for networking and matchmaking. These strategies serve to expand the horizon of possible succession pathways available to owners, ultimately offering deeper control over their financial outcomes and the legacy of their business.

Commodity Codes

• NAICS 541611Administrative Management and General Management Consulting Services
• NAICS 611430Professional and Management Development Training

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