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Tue July 19, 2011
Hasbro sales and marketing division moves to Providence
By FLO JONIC
PROVIDENCE, RI – Hasbro has announced plans to move its sales and marketing division into a Providence building formerly occupied by Blue Cross/Blue Shield. It also plans to hire nearly 300 workers.
With state leaders and a giant Mr. Potato Head standing at his side, Hasbro chief executive officer Brian Goldner announced that the company has leased the former Blue Cross/Blue Shield building across from the Dunkin Donuts Center.
"This terrific building behind me which begins in the Fall of 2012 will house up to 500 Hasbro employees over time," he says.
Two hundred eight-four of those jobs will be new ones which the company promised to create in exchange for a $1.6 million dollar sales tax exemption. Although the company was founded in Providence in 1923 it has not had a presence in the city in years. Providence mayor Angel Taveras welcomed them back.
"It's a wonderful day for the city and state and it really is an example of what people working together can accomplish," says Taveras.
Hasbro, the maker of classic games like "Monopoly," "Candy Land" and "Chutes and Ladders" had a banner second quarter with a 23 percent growth in net revenues.
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