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Breaking News: Here's What Parts Of Region Will See Strongest Storms

General Electric Has Choice Of Four Sites In Possible Move To Westchester

New Canaan's Jeffrey Immelt, CEO of General Electric.
New Canaan's Jeffrey Immelt, CEO of General Electric. Photo Credit: Wikipedia

WESTCHESTER COUNTY, N.Y. -- Four sites across Westchester County have been suggested to General Electric as it eyes a possible move of its corporate headquarters, according to published reports.

Per the reports, sites include the former Armonk headquarters of bond-insurance company MBIA, PepsiCo's campus in Somers - it will vacate the space in the near future - The Gateway Center in White Plains and a former carpet factory in Yonkers.

"If you’re looking for competitiveness between New York and Connecticut, (Connecticut Gov. Dannel Malloy's) tax hikes have put us on better footing," Phil Oliva, a spokesman for Westchester County Executive Rob Astorino, said to The Journal News in its report about a possible move and naming of sites.

The storied industrial conglomerate has been exploring a move from its Fairfield, Conn., location since that state's corporate tax was raised earlier this year, past reports said.

While GE had plenty of news to share when it released its third-quarter earnings report this past Friday, records show there were no mentions about a move. A spokesman for the company did provide a status update to NBC Connecticut late last month.

"We have formed an exploratory team to assess the company's options to relocate corporate headquarters. The team is currently engaged in the process and is taking many factors into consideration. When there is a final decision on relocation, we will communicate it publicly," Seth Martin, the GE spokesman, said to NBC Connecticut.

NBC Connecticut also reported that Republicans in the Connecticut statue legislature have requested that Gov. Dannel Malloy call a special session on the matter.

Connecticut State Sen. Tony Hwang, whose district includes the town of Fairfield, is quoted as being among the backers of a special session.

"There is no vision, no end road," Hwang told NBC Connecticut. "We are simply putting our finger in the dyke to prevent the dam from overflowing. We have to have a mission in how we have to lead and that means controlling our fiscal house."

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