Can General Electric deliver 800 jobs to the greater Boston economy? That is one question that will consume local economic developers in the wake of the Fortune 500 leviathan’s surprising decision to move its corporate headquarters from Connecticut to Massachusetts.
In the course of wooing GE, Boston pledged up to $25 million in city property-tax concessions, and the state and the city together pledged more than $250 million in various other subsidies, to persuade the corporation to relocate. Having the GE HQ in Boston, they hope, will pay bigger dividends down the road.
Image: (Photo: AP/Steven Senne) Protesters hold signs outside a news conference held by General Electric CEO Jeff Immelt, Massachusetts Governor Charlie Baker, and Boston Mayor Marty Walsh on April 4, 2016. The demonstration was protesting the millions of dollars in tax breaks used to lure GE to Boston.
