Rhode Island
The 6 biggest business news stories to watch in Rhode Island in 2025 – The Boston Globe
Here are the biggest business news stories to watch in Rhode Island in 2026.
1. Will Hasbro leave Rhode Island for Boston?
Hasbro Inc. has been teasing Rhode Island’s leaders in mulling a move to Boston, and officials are tossing out all sorts of ideas — tax credits, an annual “Rhode Island Hasbro Day,” special access to airport lounges, subsidies for on-site child care — to see what might keep the century-old toy company anchored in its home state.
State leaders pitched Hasbro earlier this winter on six potential locations in three cities where Hasbro could relocate. But in that same meeting, leaders from Rhode Island Commerce and Governor Dan McKee’s office also pitched a series of incentives for the maker of Monopoly, My Little Pony, and Nerf, according to a report and videos released to the Globe on Monday in response to a public records request.
Hasbro spokespeople maintain that they have “no updates” on any potential relocation, but CEO Chris Cocks told employees in late 2024 that they would hear from the company’s leadership team sometime in the first quarter of 2025 about whether they’d be heading for greener pastures beyond Rhode Island.
Antonio Afonso, McKee’s chief of staff and the state’s “point person” on Hasbro, declined to be interviewed.
2. The company buying up Newport restaurants
In Newport, there’s one man who seems to be everywhere: Nicholas S. Schorsch.
A wealthy entrepreneur and investor, Schorsch has been on roll with his Heritage Restaurant Group since relocating to Newport from New York City 12 years ago, and has amassed a growing portfolio.
In 2024 alone, the group acquired restaurants Caleb & Broad, Flo’s Clam Shack, The Reef, The Red Parrot, The Brick Alley Pub, and many more. In late December, the group also announced it would acquire the historic Vanderbilt hotel, a Georgian Revival mansion. It’s not yet clear what the Heritage group paid for the hotel, but the transaction is expected to close in early 2025.
The group also operates Newport Craft Brewing, La Forge Casino Restaurant, La Costa Lobster Rolls and Tacos, Cluck Truck, Cluck House, A Mano Pizza & Gelato, Wiener Wagon, and Wally’s Wieners. It also owns Newport Lobster Company, one of the largest seafood wholesalers in the area, and runs concessions at Easton’s Beach.
Many of the restaurants Schorsch has acquired were family-run operations where the owners were nearing retirement age. His purchase, some say, was a lifeline so they could step away from their businesses. But critics are concerned about the powerhouse the group is becoming, saying that much control over businesses on Aquidneck Island could raise prices and stifle competition.
3. The expansion of Brown University Health
Rhode Island’s largest health care system, Brown University Health, previously known as Lifespan Corp., acquired St. Anne’s Hospital in Fall River and Morton Hospital in Taunton from bankrupt Steward Health Care for $175 million in 2024. This year, the hospital owner plans to expand in Foxborough, Mass., by bolstering two outpatient clinics it purchased from Steward that could generate $43 million annually by fiscal year 2027. The clinics could be an opportunity, officials told investors in December, to expand cancer care and ambulatory surgery into Massachusetts. They also plan to broaden their specialty physician groups.

4. Continued fallout from the Washington Bridge closure
The Washington Bridge westbound on Interstate 195 abruptly closed more than a year ago, leaving drivers scrambling, and a long list of questions about went went wrong. The bridge — meant to last at least two more decades — needs to be demolished and rebuilt. Demolition is expected to take another year, and there is no timeline currently for when a new span will be completed. Chicago-based Walsh Construction Company will compete with a joint venture of American Bridge Company from Pennsylvania and New York-based MLJ Contracting Corp. to build the new bridge.
The state has sued 13 companies who were previously hired by the state to inspect the bridge, or do construction or design work. Several defendants have already pushed back on the suit, calling it a political “blame game.” A judge is expected to consider their motions to dismiss the lawsuit this month.
5. More shakeups at the state Housing Department
On New Year’s Eve, Tara Booker, the executive director of homelessness response for the R.I. Department of Housing, submitted her resignation. In a phone conversation with the Globe, Booker declined to comment as to why she would leave, and said she would remain at her post “through at least Jan. 31, and potentially longer.”
“I have a transition plan,” said Booker. “I don’t really want to comment on anything right now. I’m still working and want a productive transition.”
Booker also declined to comment on any winter shelter plans, which is a program she has overseen at the department since she was hired in March 2024. She is one of several of the department’s high-ranking leaders who have given their notice in the last year. Over the summer, former secretary Stefan I. Pryor resigned. Under his leadership, the department faced internal struggles and incomplete projects, and was circumventing procurement rules that may have cost taxpayers tens of thousands of dollars, the Globe reported. In November, after less than a year on the job, deputy housing secretary Deborah Flannery resigned.
Leaders in the General Assembly, including Senate President Dominick Ruggerio, said they have been “disappointed” in the department’s former leadership. In late November, agency consultant Deborah Goddard was appointed by Governor Dan McKee as the department’s fourth housing secretary since it was created in 2022. Her appointment will need the Senate’s approval.
Like her predecessors, Goddard will face a housing crisis that has been worsening for more than 30 years, developers who may want to build affordable housing but are facing red tape, and inflation.

6. A funding request from the ‘Superman’ building developer
It’s been two years since the state unveiled plans to redevelop the long-vacant “Superman” building in downtown Providence ― the tallest building in the state ― into apartments with room for commercial space. It was seen as a major win for the McKee administration, but not much has been done since. When asked if the idea of redeveloping 111 Westminster St. from office space into 285 residential units was dead, Senate President Dominick Ruggerio said, “They’re hanging on by their fingernails.”
“They want money,” Ruggerio told the Globe. “The problem is, they never told us how much.”
In August, Providence Mayor Brett Smiley told the Globe that the owner of the Industrial National Bank Building is asking for more than $10 million in additional support to convert the 26-story skyscraper into apartments, but wouldn’t say exactly how much.
Alexa Gagosz can be reached at alexa.gagosz@globe.com. Follow her @alexagagosz and on Instagram @AlexaGagosz.
Rhode Island
Wondering how your pay stacks up to others in RI? See the data.
America’s wealth gap is exploding. Should the rich pay more?
Income inequality is soaring in the U.S., sparking a national debate: Should the super‑rich face a wealth tax?
Rhode Island residents earn more money per hour, on average, than workers in most other states, according to data from the U.S. Bureau of Labor Statistics.
The agency released state-by-state figures for average hourly earnings, along with average weekly pay and hours worked, for December 2025, showing an overall increase in New England from earlier in the year.
In general, New England states had higher wages than those in the central U.S. and the South. But the state where people make the most per hour isn’t in New England.
Here are the average hourly earnings for Rhode Island residents and how they compare to other states.
What is the average hourly pay in Rhode Island?
On average, Ocean Staters earn $37.89 per hour, according to the Bureau of Labor Statistics. This figure, which is not seasonally adjusted, is up from $36.38 in June 2025.
That translates to an average weekly pay of $1,269.32, compared with $1,229.64 in June 2025.
Rhode Island ranks 12th among states – and 13th overall when Washington, D.C. is included – for average hourly pay.
How many hours per week do people in Rhode Island work?
On average, Rhode Island residents work 33.5 hours per week, according to the Bureau of Labor Statistics. This is down slightly from 33.8 hours in June 2025.
How does Rhode Island compare to other New England states?
Rhode Island is the third-highest-earning state in New England. Here’s what the other states earn, as of December 2025:
- Massachusetts: $42.90 (Up $0.90 from $42.00 in June 2025)
- Connecticut: $39.97 (Up $0.99 from $38.98 in June 2025)
- Rhode Island: $37.89 (Up $1.51 from $36.38 in June 2025)
- New Hampshire: $35.73 (Up $0.55 from $35.18 in June 2025)
- Vermont: $35.76 (Up $0.97 from $34.79 in June 2025)
- Maine: $33.34 (Up $0.91 from $32.43 in June 2025)
Where do people earn the most per hour?
Employees in the nation’s capital, Washington, D.C., earn the most money with an average hourly pay of $57.10 per hour. This is $19.21 per hour more than what workers in Rhode Island make.
The state with the second-highest hourly earnings is Washington, on the West Coast, with $43.53. This is $5.64 per hour more than what workers in Rhode Island make.
What state earns the least per hour?
Mississippi lands in last place for earnings per hour. Average hourly earnings in this southern state are $27.91.
Rhode Island
This RI Garden Transforms Into a Fairy Wonderland
It’s New England’s largest indoor public garden and this spring it’ll once again be teeming with fairies.
The Fairy Garden Days return to the Roger Williams Park Botanical Garden this April with hundreds of handmade fairy houses hidden throughout the Garden’s four greenhouses, plus special events and activities planned for kids every day.
Running from April 11-26, 2026, it’s a great day trip during school’s upcoming April vacation or a wonderful weekend adventure to enjoy an early taste of spring.
What Is Fairy Garden Days in Rhode Island?
This annual event has been one of my favorites since my daughters were babies—and we still go back every year.
READ MORE: Explore These Ten Botanical Gardens Across the SouthCoast
Artists young and old create elaborate fairy gardens depicting fanciful houses, entire schools or even relaxing health spas (cause fairies need a massage now and then too!). You never know what you’ll see or where you’ll find the gardens throughout the grounds.
Nancy Hall/Townsquare Media
What Kids Can Do at Fairy Garden Days
Though if your young ones lose interest in the fairy gardens before you do, there are plenty of activities around the greenhouses too. Kids can get hands on at the texture table, create their own wand, pen letters to the fairies or write out wishes, which get released every Thursdays.
Don’t Miss These Outdoor Garden Attractions
Outside the greenhouses are a Japanese-style trail to wander, a rose maze to make your way through and an outdoor play area where the kids can let their imaginations run wild.
Meet the Goats Behind the Garden’s Cleanup Crew
Definitely don’t forget to stop by the goat house between greenhouses 1 and 2 to say hi to the three Nigerian Dwarf goats calling the Botanical Garden home. These three are an invasive plant removal team, helping to naturally rid the Garden grounds of unwanted plants.
The goats will also celebrate their 9th birthdays during Fairy Garden Days, with a special celebration planned for them on Sunday, April 12 from 1:30 – 3 p.m. Just one of the many special events planned throughout the Fairy Garden Days from April 11-26.
Special Events Happening During Fairy Garden Days
Various fairy visits and story times are planned over the two-week event, with face painting each Tuesday and Saturday and bubble shows every Friday. There will also be an animal encounter with Roger Williams Park Zoo on April 11, Greenhouse Jazz on Sunday, April 19, and a performance from the Toe Jam Puppet Band on closing day, April 26.
READ MORE: Learn More About the SouthCoast’s Beloved Toe Jam Puppet Band
With the incredibly snowy winter Southern New England has been through, we’re probably all looking forward to finally seeing the start of spring. You can get a jump on flower season by stepping inside the Roger Williams Botanical Garden this April for the return of Fairy Garden Days.
10 Beautiful Botanical Gardens Across the SouthCoast
When the season is right, there are several spectacular gardens around the SouthCoast that are blooming with rows and rows of beautiful flowers. Here are some of the most popular places to tiptoe through the tulips and so much more.
Gallery Credit: Nancy Hall
See Inside Gorgeous Gardens Hidden Away in Little Compton
For nearly 50 years the grounds of Sakonnet Garden have been growing in what might be the most private garden along the coast.
On certain days, at certain times you can make a reservation to walk among the hundreds of flowers and plants growing in hidden “rooms” on the grounds, or take a sneak peek right now.
Gallery Credit: Nancy Hall
Explore Peaceful Gardens and Towering Cliffs at Immersive Monet
Claude Monet created thousands of works of art over his decades as an artist. He traveled through Europe capturing gardens ,waterways, cathedrals and more. Now you can walk through the world Monet did and experience his artwork in a whole new way at Immersive Monet coming to Boston.
Here’s a taste of the artwork you could be surrounding yourself in.
Gallery Credit: Nancy Hall
Rhode Island
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