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.