The relocation will bring FM from its current Johnston offices to 10 Memorial Blvd., the former IGT building the company purchased earlier this year. The announcement marks a return to the city where FM was founded nearly 200 years ago.

"Nearly 200 years after FM was founded in Providence, we are beginning a new chapter in the city where our story began," an FM spokesperson said. "Through nearly two centuries of growth and innovation, Rhode Island has always been our home. Establishing our global headquarters in downtown Providence builds on that legacy and ensures Rhode Island remains central to FM's future."

Renovations at 10 Memorial Blvd. are expected to be completed in late 2027, according to company officials. FM will occupy a portion of the building rather than the entire structure.

The company said it has not yet determined a timeline for vacating its Johnston office.

The move represents a significant corporate investment in Providence's downtown core, which has struggled with high office vacancy rates in the years since the pandemic reshaped commuting patterns. Bringing a major employer's global headquarters to Memorial Boulevard could help anchor the city's commercial district and support surrounding small businesses that depend on daytime foot traffic.

FM's decision to purchase the former IGT building was announced earlier this year, setting the stage for Wednesday's headquarters announcement. The company's roots in Providence date to its founding in the 1820s, and its leadership framed the move as a homecoming rather than a departure.

For Johnston, the relocation will mean the eventual loss of a major corporate campus, though the company has not indicated when that transition will occur. Town officials have not publicly commented on the timeline.

FM did not disclose how many employees will work at the new downtown headquarters or what will happen to its Johnston facility once the move is complete.