Hasbro, a leading name in the toy and games industry, is proceeding with its planned relocation of employees from Rhode Island to Boston, Massachusetts. The company, which has been headquartered in Rhode Island for a century, will be moving 700 employees to Boston’s Seaport District.
The relocation comes after Massachusetts approved a potential $14 million tax incentive package for Hasbro. This move is part of the company’s broader strategy to position itself in a major urban center and leverage the benefits offered by the new location.
Despite the transition, Hasbro has indicated that it will not sell its Rhode Island property until the Boston move is fully completed. This approach allows the company to maintain operational continuity during the transition period.
The decision underscores Hasbro’s longstanding ties to Rhode Island, even as it prepares for a significant shift in its corporate presence. The move to Boston is expected to impact a substantial portion of Hasbro’s workforce and marks a notable change for the company after a century in its original home state.
