In 2025, Rhode Island is facing several significant business developments. One major story is the possibility of Hasbro, a century-old toy company, leaving Rhode Island for Boston. State leaders are offering incentives to keep the company anchored in its home state. Meanwhile, entrepreneur Nicholas S. Schorsch is acquiring numerous restaurants and the historic Vanderbilt hotel in Newport, raising concerns about his growing influence in the area.
Brown University Health, previously Lifespan Corp., is expanding by acquiring hospitals in Massachusetts and plans to enhance outpatient clinics in Foxborough. The Washington Bridge closure in 2024 continues to be a major issue, with the need for demolition and reconstruction. The state is suing companies involved in the bridge’s inspection and construction.
There are also shakeups at the R.I. Department of Housing, with high-ranking leaders resigning amidst internal struggles and incomplete projects. Lastly, the long-vacant “Superman” building in Providence is seeking additional funding for redevelopment into apartments, but the specifics of the funding request are unclear.
These developments shape the business landscape in Rhode Island in 2025, highlighting challenges and opportunities for the state’s economy. Leaders are navigating these changes to ensure continued growth and prosperity for the region.
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