Citizens CEO Highlights Rhode Island’s Pro-Business Climate and Talent Momentum as Catalysts for Economic Growth
At the Greater Providence Chamber of Commerce (GPCC) Annual Meeting yesterday, Citizens Financial Group Chairman and CEO Bruce Van Saun shared an optimistic outlook for Rhode Island’s business climate, emphasizing the state’s readiness for growth and innovation.
During a fireside chat moderated by GPCC Chair Rick Metters, Van Saun addressed more than 400 business leaders and community partners, outlining the unique opportunities ahead for Rhode Island and the importance of maintaining the state’s pro-business orientation.
“It’s essential to have thriving businesses that attract jobs and get the flywheel going for the economy,” Van Saun noted. “Ongoing investments in technology, talent and community partnerships are helping create the right conditions for businesses to thrive in Rhode Island.”
A top concern among Rhode Island’s business leaders is finding and retaining skilled workers. Van Saun observed, “Many businesses could achieve greater growth if they had access to the talent they need. As advances in technology and GenAI rapidly reshape the skills required for today’s workers, effective workforce development depends on strong collaboration between public and private sectors to ensure employees and businesses are prepared for the future.”
Van Saun highlighted the role of banks as conveners, partnering with non-profits and universities to identify workforce needs and develop future-ready talent. Citizens has pledged $20 million across its footprint over the next three years to workforce development, including $1.5 million to Rhode Island nonprofits for upskilling programs tailored to the AI era.
Van Saun also pointed to Rhode Island’s natural beauty, responsible government, and excellent university system as key assets for attracting and growing business. “We’re starting to see a lot of momentum with companies being more positive and investing in growth initiatives. Job creation is accelerating across the state, and there’s much more still to come,” he said.
The event underscored the importance of strategic leadership, public-private collaboration, and a shared commitment to building a vibrant economy for Rhode Island’s future.
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