The move raises questions about Rhode Island's economic future and highlights the importance of fostering a more attractive environment for corporate headquarters and technological innovation.

Experts suggest that relocating a headquarters can influence a company's branding and regional economic attractiveness, and that Boston's strong ecosystem and educated workforce make it a prime location for corporate expansion.

While Boston faces challenges like high costs and vacancy rates, its resurgence in innovation, higher education, and a robust business environment continue to attract major companies.

The story underscores the ongoing debate over regional economic development and the strategic decisions companies make to position themselves for future growth.

Hasbro, Inc., a leading toy and entertainment company, announced it will relocate its headquarters from Pawtucket, Rhode Island, to Boston's Seaport District, bringing at least 700 jobs to Massachusetts by the end of 2026.

The move aims to boost innovation, attract top talent, and support long-term growth, with Boston's thriving business community, academic partnerships, and cultural vibrancy cited as key reasons.

Despite last-minute efforts by Rhode Island officials, including tax credits and incentives, Hasbro showed little interest in staying and ultimately decided to move after a year-long search.

The decision follows discussions that began in early 2024, with the company touring Boston office spaces and ultimately selecting a lab-and-office building in the Seaport area.

The move is part of Hasbro's strategic expansion, with the transition expected to be completed by the end of 2026, and the company planning to deepen community engagement in Boston.

This relocation signifies a significant economic shift, as Boston's office market rebounds post-pandemic, driven by companies seeking top-tier talent, despite high living costs.

The move is also seen as a blow to Rhode Island, which has struggled with economic challenges, including a stagnant economy and high costs, and was ranked last in 2025 among U.S. states for starting or growing a business.

Rhode Island officials, including Governor Dan McKee and Pawtucket Mayor Don Grebien, expressed disappointment but remain committed to attracting new businesses, even as critics call for reforms to improve the state's business climate.