Collateral Evaluation Associates, Inc. (CEA) has provided machinery and equipment appraisals in Rhode Island since 1990. Our expertise as machinery and equipment appraisers includes medical equipment, construction equipment, manufacturing equipment, industrial equipment, and transportation equipment.

CEA provides machinery and equipment appraisals for the following purposes: asset based loans or refinancing; ad valorem tax purposes; allocation of purchase price; condemnation or eminent domain; FAS141/FAS142 reporting; insurance purposes; leasing; corporate conversions, dissolutions, mergers, purchases, sales, etc.

CEA has completed appraisals in the following Rhode Island cities and towns: Cranston; Providence; Warwick.

Rhode Island’s traditional manufacturing economy has diversified and is now also based on services, trade (retail and wholesale), and finance. In spite of this, many of the products for which Rhode Island is famous are still being manufactured. These include jewelry, silverware, textiles, primary and fabricated metals, machinery, electrical equipment, and rubber and plastic items. Tourism and gambling are also important.

Agriculture is relatively unimportant to the economy. Most of the farmland is used for dairying and poultry production, and the state is known for its Rhode Island Red chickens. Principal crops are nursery and greenhouse items.

Commercial fishing is an important but declining industry. Narragansett Bay abounds in shellfish; flounder and porgy are also caught.

Naval facilities at Newport additionally contribute to the state’s income.