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Boston Submits Formal Bid To Move GE Headquarters To Massachusetts

FAIRFIELD COUNTY, Conn. – In the latest installment in the saga over General Electric, the city of Boston and the state of Massachusetts have submitted a formal proposal to move the company's headquarters out of Fairfield, the Boston Globe is reporting.

GE CEO Jeffrey Immelt lives in New Canaan.

GE CEO Jeffrey Immelt lives in New Canaan.

 Photo Credit: GE
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GE, which is looking at sites on the South Boston waterfront and another on Summer Street, could make a decision on the move as early as this week, the Globe said.

The conglomerate first threatened to leave Connecticut last year after the state proposed an increase in some corporate taxes. Last June, Chief Executive Officer Jeffrey Immelt said a team was looking into the options “to relocate corporate HQ to another state with a more pro-business environment.”

Other rumored possible locations for a new headquarters have included New York, including sites in Westchester County; Providence, R.I.; and Atlanta.

Click here to read the story at the Boston Globe website.

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