Pawtucket Real Estate
Pawtucket is a city of 71,148, persons founded in 1671, at the strategic falls of the Blackstone River and the upper tidewaters of Narragansett Bay. It is a city with a special place in the industrial history of the United States. For it was here at the Slater Mill Historic Site that Samuel Slater successfully constructed and operated machines for spinning cotton yarn in 1793. Besides textiles, a variety of machines and iron working shops grew up alongside the textile industry.
The City of Pawtucket today includes: major residential areas with 30,000 housing units, an employment center with 300 industries and 1,000 commercial and service establishments, and convenient links to the other major metropolitan areas by Interstate 95. City development policies over the last twenty years have been targeted to 1) improve the quality of residential neighborhoods and the housing stock, through rehabilitation programs, 2) expand the employment opportunities through stabilizing manufacturing centers and the creation of new industrial opportunities, and 3) assistance to the commercial sector with rehabilitation loans and location incentive loans.