GE shrinks Boston headquarters plan; state to get $87 million back - Dealers Care

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Friday, 15 February 2019

GE shrinks Boston headquarters plan; state to get $87 million back

By Alwyn Scott NEW YORK (Reuters) - General Electric Co scrapped plans for a 12-story headquarters office tower on Boston's waterfront on Thursday, choosing instead to lease smaller buildings nearby and return $87 million in incentives to the state of Massachusetts. The move is another side-effect of the 127-year-old company's decision last year to break up and sell major businesses since it will no longer need the 800-person campus it envisioned

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