General Electric Moves Headquarters to Boston, MA

General Electric announced today that it has selected Boston as its new global headquarters.

Company executives had called theMassachusetts governor and Boston’s mayor to let them know a formal announcement was forthcoming.

The decision marks the end of a high-stakes competition to woo GE from its longtime campus in suburban Connecticut, besting New York, Providence, and other cities, and further solidifies the region’s reputation as a magnet for innovation.

It’s a major victory for Governor Charlie Baker and Mayor Martin J. Walsh, whose aides worked closely together for several months to lure GE to a city that has seen many of its biggest companies swallowed up by out-of-town buyers, and a state that has labored hard to shed the “Taxachusetts” label pinned on it during the 1970s.

 

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