News Summary
Hasbro, the global toy manufacturer, has announced its decision to move its corporate headquarters from Pawtucket, Rhode Island, to Boston’s Seaport District. The move, which is expected to be completed by the end of 2026, aims to boost innovation and attract talent. Approximately 700 employees will transition to the new 265,000 square-foot office. Despite the relocation, Hasbro’s gaming and digital divisions will remain in Renton, Washington. Local leaders express mixed sentiments, with hopes for economic benefit in Massachusetts and disappointment in Rhode Island.
Pawtucket, Rhode Island — Hasbro, one of the world’s largest toy manufacturers, has announced its plans to relocate its corporate headquarters from Pawtucket, Rhode Island, to Boston’s Seaport District. This strategic move, confirmed on Monday, aims to enhance the company’s innovation capabilities and attract top talent by leveraging the vibrant business and academic landscape of Boston. The transition to the new headquarters is set to be completed by the end of 2026.
The new Hasbro headquarters will be situated at 400 Summer St., where the company will occupy seven floors totaling 265,000 square feet. Around 700 employees currently based in Rhode Island will make the transition along with the headquarters, which will encompass Hasbro’s toy and board game divisions, licensing businesses, and various corporate services.
Boston’s thriving business environment was cited by Hasbro’s CEO as a fundamental reason for this relocation. The decision comes in the wake of previous layoffs aimed at streamlining operations as the company faced challenges in the marketplace. The transition to this economically vibrant area is viewed as an opportunity for a fresh start and increased collaboration within the city’s dynamic ecosystem.
Massachusetts Governor Maura Healey has expressed her support for Hasbro’s relocation, viewing it as a significant benefit for the state’s economy, which is expected to create hundreds of new jobs. Similarly, Boston Mayor Michelle Wu has shown enthusiasm over Hasbro’s move and its potential to foster a strong partnership with the city.
Despite the impending move, Hasbro is committed to its gaming and digital divisions, which will remain based in Renton, Washington, where over 500 employees are currently employed. This continuity reflects Hasbro’s intention to maintain operational stability amid the transition.
The decision to relocate ends a period of uncertainty regarding Hasbro’s future, which began in 2024 when they enacted layoffs. Rhode Island Governor Dan McKee expressed disappointment over the company’s decision to leave, reaffirming that Rhode Island is a conducive environment for businesses. Meanwhile, Pawtucket Mayor Don Grebien shared his sorrow about the loss, citing the long-standing community support Hasbro has received over the last century.
This relocation is not an isolated event; it aligns with a growing trend of companies moving their headquarters to Massachusetts. Other notable businesses, such as Keurig Dr Pepper and LEGO, have also established their presence in the state recently, indicating an attractive climate for corporate investment.
In an effort to maintain ties with its roots, Hasbro has pledged to continue its support for Hasbro Children’s Hospital in Rhode Island, ensuring annual donations and efforts to recruit talent from local colleges and universities. This commitment underscores Hasbro’s intention to remain integrated within the Rhode Island community and emphasizes their ongoing support for local initiatives.
As Hasbro prepares for this significant transition, the city of Boston eagerly anticipates the new opportunities and economic impact that this move will bring, while Rhode Island prepares to adapt to the new landscape as one of its long-time corporate citizens departs.
Deeper Dive: News & Info About This Topic
- Turn to 10 News
- Wikipedia: Hasbro
- CBS News
- Google Search: Hasbro headquarters move
- Boston.com
- Encyclopedia Britannica: Toy
- NBC Boston
- Google News: Hasbro relocation
Author: STAFF HERE BOSTON WRITER
BOSTON STAFF WRITER The BOSTON STAFF WRITER represents the experienced team at HEREBoston.com, your go-to source for actionable local news and information in Boston, Suffolk County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Boston Marathon, Head of the Charles Regatta, and Boston Harborfest. Our coverage extends to key organizations like the Greater Boston Chamber of Commerce and Associated Industries of Massachusetts, plus leading businesses in finance, biotech, and insurance that power the local economy such as Fidelity Investments, Biogen, and Liberty Mutual Insurance. As part of the broader HERE network, we provide comprehensive, credible insights into Massachusetts's dynamic landscape.
