General Electric announced it scrapped plans to build a new headquarters in Boston and it will reimburse Massachusetts some $87.4 million in incentives.
Feb. 14 (UPI) — General Electric scrapped plans to build a new headquarters in Boston, the company announced Thursday, saying it would reimburse Massachusetts some $87.4 million in incentives.
GE reached an agreement to sell the Fort Point Channel properties where it expected to move its headquarters, which are currently in Connecticut. It planned to build a 12-story office tower there for some 800 employees.
