Providence is the capital and the most populous city of the U.S. state of Rhode Island, and one of the first cities established in the United States. Located in Providence County, it is the estimated second or third largest city in the New England region. 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. Providence was one of the first cities to industrialize in the United States. By 1830, the city had manufacturing industries in metals, machinery, textiles, jewelry, and silverware. Though manufacturing has declined, the city is still one of the largest centers for jewelry and silverware design and manufacturing. Services, particularly education, health care, and finance, also make up a large portion of the city's economy.