NEW: Hasbro to Open New Location at Old Blue Cross Building
Monday, July 18, 2011
Hasbro will be opening its new Providence location at the former Blue Cross Blue Shield Building at 15 LaSalle Square, a company official confirmed today.
The move will create nearly 300 new jobs and constitute a $24 million investment in the city from Hasbro, the national toy-making giant which is headquartered in Pawtucket. The new location is being funded in part by $1.6 million in tax credits from the state.
“Hasbro’s expansion is part of the company’s continued emergence as a leading branded play and family entertainment company that will create nearly 300 new full-time jobs in Rhode Island,” 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.”
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTA press conference will be held at 3 p.m. at the new location. Governor Lincoln Chafee, Mayor Angel Taveras, Senate President Teresa Paiva Weed, House Speaker Gordon Fox and RIEDC Executive Director Stokes are all expected to attend.
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