State and city leaders in Rhode Island have expressed their commitment to keeping toy company Hasbro in the state following the announcement that the company is considering relocating its headquarters. Hasbro, known for iconic brands such as Monopoly, My Little Pony, and Transformers, has been based in Rhode Island for nearly 100 years.
Rhode Island Governor Dan McKee and Providence Mayor Jorge Elorza have both voiced their intention to work with Hasbro to come up with solutions that would encourage the company to stay in the state. Governor McKee stated that Hasbro is a significant part of Rhode Island’s economy and heritage and that the state will do everything in its power to keep the company local.
According to reports, Hasbro is exploring the possibility of moving its headquarters to other states, including Massachusetts and Virginia. The company’s lease at its current location in Pawtucket, Rhode Island is set to expire in 2023. Hasbro’s potential departure would have significant implications for the state, as it would mean the loss of jobs and economic benefits associated with having a major corporation headquartered in Rhode Island.
In response to Hasbro’s consideration of relocating, Governor McKee and Mayor Elorza have reaffirmed their commitment to working with the company to address any challenges it may be facing. Both leaders emphasized the importance of collaboration and expressed confidence that a solution could be found to keep Hasbro in Rhode Island.
As discussions between Hasbro and state and city officials continue, the future of the toy company’s headquarters in Rhode Island remains uncertain. However, leaders in the state are determined to explore all possible avenues to ensure that Hasbro remains a vital part of Rhode Island’s business community.
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