Fairfield-Based GE Eyes Boston, Providence For New Headquarters Site

FAIRFIELD, Conn. -- General Electric Co. is now looking at sites in the Boston area for a new global headquarters but has not ruled out staying in Fairfield, according to the Boston Globe.

GE CEO Jeffrey Immelt, who lives in New Canaan, said he is considering moving the company out of Connecticut to find a state with friendlier business practices.
Photo Credit: GE

K Reakes

12/11/2015 3:00 p.m.

GE, based in Fairfield, would initially move some 500 jobs to Boston, if selected, the Globe said. It's not clear how many current employees it would move, the newspaper added.

The company has been looking at a number of sites, particularly in the waterfront section of South Boston as well as in Providence, R.I., but a GE spokesman told the Boston Globe that the company has not ruled out staying in Fairfield.

GE's Chief Executive Jeffrey Immelt, in a widely cited letter to employees, said they were looking “to relocate corporate HQ to another state with a more pro-business environment,” reported the Boston Globe.

“We’re a company that . . . doesn’t look for special deals, but we need an ecosystem that’s forward-looking, that’s future-looking,” he told the Business Council of Fairfield County last month, as reported by the Stamford Advocate.

Click here to read the entire Boston Globe story.

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