Providence was founded in 1636 by Roger Williams, a religious exile from the Massachusetts Bay Colony. He named the area in honor of "God's merciful Providence" which he believed was responsible for revealing such a haven for him and his followers to settle. After being one of the first cities in the country to industrialize, Providence became noted for its jewelry and silverware industry. Today, the City of Providence is home to eight hospitals and seven institutions of higher learning, which has shifted the city's economy into service industries, though it still retains significant manufacturing activity.
Once nicknamed the "Beehive of Industry", Providence began rebranding itself as the "Creative Capital" in 2009 to emphasize its educational resources and arts community. Its previous moniker was "The Renaissance City", though its 2009 poverty rate was still over 22%.