A number of years ago, Blue Cross & Blue Shield of Rhode Island (BCBSRI) performed an in-depth
analysis comparing the feasibility of renovating three existing buildings ranging between 20 to
40 years old—versus constructing a new building. The approximate savings is $25 million over 23 years.
The building officially opened on October 13, 2009.
A study by Kahn, Litwin, Renza & Co. details that BCBSRI's total economic impact on the state is nearly
$1 billion, mainly in Providence, where BCBSRI pays taxes, employs Rhode Islanders, and purchases
goods and services.
The building project supported the local economy and provided jobs during one of the worst economic
recessions in decades. BCBSRI employed local contractors—nearly 43 percent of the sub-contractors
hired for the project were women- or minority-owned companies.
- BCBSRI participated in Building Futures, a first-year apprentice program that helps economically
disadvantaged people get jobs in the construction industry. As a result, 49 community residents were
hired, and 13 completed their apprenticeships. These individuals are now full union members working
on the project.
- This project utilized 100% union labor.
Healthy, sustainable workplace
BCBSRI's new headquarters will be the first LEED® (Leadership in Energy and Enviromental Design)-certified
commercial building in Providence. As such, all waste materials during construction were recycled, and the
building's new sustainable systems will help to reduce energy usage, and drinkable water consumption.
Good for Blue Cross members and the local economy
Overall, the new headquarters is expected to:
Increase the company's operating efficiency.
- Reduce operating costs and increase employee productivity.
- Reduce waste, energy, and water consumption, as well as carbon footprint.
- Continue to support the local economy.
to Previous Page