Hasbro Plans $24 Million Expansion in RI | Business Facilities - Area Economic Development, Site Selection & Workforce Solutions

The toy company will create nearly 300 jobs in downtown Providence.


https://businessfacilities.com/2011/07/hasbro-plans-24-million-expansion-in-ri/
The toy company will create nearly 300 jobs in downtown Providence.
Facebooktwitterredditpinterestlinkedintumblrmail

Hasbro Plans $24 Million Expansion in RI

Hasbro Plans $24 Million Expansion in RI | Business Facilities - Area Economic Development, Site Selection & Workforce Solutions

Toy making giant, Hasbro Inc. will expand in downtown Providence, Rhode Island with a $24 million investment. The project is expected to bring more than 250 jobs over the next three years.

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.

“Hasbro’s expansion is part of the company’s continued emergence as a leading branded play and family entertainment company,” the state Economic Development Corporation said in a news release. “The 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 city’s Knowledge District.”

Suggested Links:

  • COVER STORY: Digital Media Takes The Prize Millions of pixels are helping to create thousands of jobs in a new high-growth sector of the economy. From feature films to video games, digital media is spreading its computer-generated […]
  • Innovating Big in Rhode Island The nation's smallest state has been working hard to nurture technology breakthroughs with several ambitious economic development programs.
  • Modern Drop Forge Relocates to Merrillville, IN The auto parts maker is closing its Blue Island, IL facility and will receive $2 million in performance-based tax credits for a new $17-million plant in Indiana.
SHARE
Facebooktwitterredditpinterestlinkedintumblrmail

Previous articleOne Solutions Logistics Expands in IN
Next articleITT Exelis Picks Virginia for New HQ

LEAVE A REPLY