RI approves tax break for Hasbro Inc. expansion (AP)
WARWICK, R.I. – Toymaker Hasbro Inc. will receive up to $1.6 meg in income set breaks for its plans to add nearly 300 jobs to its Rhode Island payroll.
The state's Economic Development Corp. commission authorised the incentives at a meeting Monday. The incentives are conception of a information fashioned to encourage companies to relocate to or expand in the state.
Hasbro products allow Easy-Bake ovens and G.I. Joe state figures. Chief Operations Officer king Hargreaves says the consort has outgrown its facilities in Pawtucket and East Providence. The firm is looking to locate the new artefact in downtown Providence.
The $24 meg treatment will create an estimated 284 professional and administrative positions within threesome years.
Hasbro is based in Pawtucket and employs 1,400 grouping in Rhode Island.
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