Hasbro announces headquarters relocation to Boston's Seaport
- Hasbro has announced the relocation of its headquarters to Boston's Seaport area.
- The company plans to transition around 700 employees from Rhode Island by the end of 2026.
- The move signals a new chapter for Hasbro and continues its connections to Rhode Island.
In a significant development for the toy industry, Hasbro, a prominent toy and game manufacturer, announced its plan to relocate its headquarters from Pawtucket, Rhode Island, to Boston, Massachusetts. The move comes as part of the company's strategic effort to evolve and adapt to changing market conditions. The new headquarters will be situated at 400 Summer Street in Boston's Seaport district, close to the Menino Convention Center. Hasbro expects to transition at least 700 full-time employees from Rhode Island to this new location by the end of 2026. This decision marks the end of a lengthy speculation regarding the company's future in its long-time home. Furthermore, Hasbro has stated its commitment to continue supporting Hasbro Children's Hospital with annual donations and actively recruiting talent from colleges and universities in Rhode Island, indicating a desire to maintain a connection to its roots even after the relocation. The announcement garnered a positive response from Massachusetts Governor Maura Healey, who expressed excitement over the new jobs that the company will create in the state. However, local officials in Rhode Island, including Pawtucket's mayor and Governor Dan McKee, have not yet commented on this transition, leaving a gap in feedback about the implications for the local economy and workforce. This move could have significant repercussions not only for Hasbro but also for Rhode Island, where the company has been a key player for many years.