Hasbro Plans $24 Million Expansion in RI
According to Wayne Charness, a senior vice president at Hasbro, some employees will be relocated from the company headquarters in Pawtucket to the new 15 LaSalle Square address, formerly occupied by Blue Cross & Blue Shield of Rhode Island.
The company, whose products include Monopoly, Transformers, and Beyblade, is receiving up to $1.6 million in tax breaks from the state as part of the development.
â€śHasbroâ€™s expansion is part of the companyâ€™s continued emergence as a leading branded play and family entertainment company,â€ť the state Economic Development Corporation said in a news release. â€śThe move will further bolster the growing knowledge economy in Providence and will be a significant addition to the creative and technological talent base already flourishing around the cityâ€™s Knowledge District.â€ť