Posted on 01/13/2016 12:55:10 PM PST by Hojczyk
The state of Massachusetts offered diversified manufacturer General Electric Co $120 million in grants and other financial incentives to persuade it to move to Boston, with the city kicking in another $25 million in tax relief, officials said on Wednesday.
City and state officials regard the move as the linchpin of an effort to redevelop the city's southern waterfront, which has transformed from acres of parking lots to a massive construction site with about a dozen office and apartment towers under construction.
"In addition to adding hundreds of high-paying jobs to our state, we look forward to partnering with GE to achieve further growth across a spectrum of industries and are confident GE will flourish in the Commonwealth's inventive economy," said Massachusetts Governor Charlie Baker.
(Excerpt) Read more at finance.yahoo.com ...
Then they will move to New York when they have to pay taxes
When it comes to paying taxes, some animals are more equal than others.
Union jobs. GE won’t touch MA.
GE and Democrat Corporate Cronyism
I'm so sick of being a serf paying for this...
Heard that all employees must immediately begin taking Spanish lessons, maybe Trump sees something.
Being in the sport district of Boston, they’ll have close access to the MIT/Harvard education industrial complex. I know for a fact that GE does a whole lot of research and collaboration with MIT. Locating just down the Red Line is going to make it even easier.
Oops, “Seaport district”.
145 Million in perks plus GE doesn’t pay federal taxes.
Jeffery Immelt was speaking at an energy conference in Houston. He told a crowd of oil and gas execs that “These aren’t dark times...These are happy days.”
Well hell, if you are in bed with the Party, don’t have to pay taxes, don’t lower your prices to reflect that and MA is going to throw 145 million at you, you bet it is happy days.
Life is good when the ruler picks you to be the winner.
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