Subscribe free to our newsletters via your
  Energy News  




Subscribe free to our newsletters via your




















ENERGY NEWS
GE to move headquarters to Boston for tech gains
by Staff Writers
New York Jan 13, 2016


US industrial conglomerate General Electric said Wednesday it was moving its corporate headquarters to Boston to gain a technology edge from the city's concentrated pool of talent.

"Greater Boston is home to 55 colleges and universities. Massachusetts spends more on research and development than any other region in the world, and Boston attracts a diverse, technologically-fluent workforce focused on solving challenges for the world," said Jeff Immelt, GE chairman and chief executive, in a statement.

US media suggested there were tax motives behind the move, since corporate taxes were raised last year in the neighboring state of Connecticut, where GE has had its headquarters in Fairfield for more than 40 years.

GE said though that it had been mulling the relocation for more than three years, and in June 2015 launched a formal review of 40 potential locations.

"Boston was selected after a careful evaluation of the business ecosystem, talent, long-term costs, quality of life for employees, connections with the world and proximity to other important company assets," GE said.

It said it already employs nearly 5,000 people across Massachusetts, in various businesses including aviation and energy.

GE said the relocation would have no significant impact on its finances, citing incentives provided by Massachusetts and Boston.

It said it also would sell its offices in Fairfield and at 30 Rockefeller Plaza in New York to help offset the cost of the move.

About 800 employees will work at the Boston headquarters. The relocation will be done in stages, with the full move completed by 2018.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links







Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
ENERGY NEWS
What motivates people to walk and bike? It varies by income
Seattle WA (SPX) Jan 13, 2016
Lower-and middle-income King County residents who live in denser neighborhoods - with stores, libraries and other destinations within easy reach - are more likely to walk or bike, according to new University of Washington research. But neighborhood density didn't motivate higher-income residents to leave their cars at home, the transportation engineers found. Of the environmental factors t ... read more


ENERGY NEWS
What motivates people to walk and bike? It varies by income

Energy efficiency may encourage greater demand

Global electricity production vulnerable to climate and water resource change

Improving electric motor efficiency via shape optimization

ENERGY NEWS
Unique 2-level cathode structure improves battery performance

A different way to make cathodes may mean better batteries

Companies mostly dump their coal ash in poor, minority communities

Creation of Jupiter interior, a step towards room temp superconductivity

ENERGY NEWS
Allianz and OX2 sign 21 MW wind power deal in Finland

Scotland sees local benefits from renewables

Dutch vote 'setback' to green energy plan: Greenpeace

South Australian Government renews energy for change

ENERGY NEWS
Juno Spacecraft Breaks Solar Power Distance Record

SolarEdge's StorEdge Solution is Now Internationally Available

China Pushed Global Renewable Installed Capacity Beyond 900 Gigawatts in 2015

Scientists show a new way to absorb electromagnetic radiation

ENERGY NEWS
IAEA Starts Assessment of Japan's Efforts on Safe Use of Nuclear Plants

Japan to send plutonium cache to US under nuclear deal: report

Graphene filter can clean nuclear wastewater

Belgian nuclear reactor shut down three days after restarting

ENERGY NEWS
Preventing food waste better strategy than turning it into biogas

BESC study seeks nature's best biocatalysts for biofuel production

Automakers' green push lifts use of hemp, citrus peel

Second-generation biofuels can reduce emissions

ENERGY NEWS
Chinese Long March 3B to launch Belintersat-1 telco sat for Belarus

China Plans More Than 20 Space Launches in 2016

China plans 20 launches in 2016

China's Belt and Road Initiative catches world's imagination: Inmarsat CEO

ENERGY NEWS
Growth rings on rocks give up North American climate secrets

Drought, heat slash grain crops: study

Earth's recent history key to predicting global temperatures

Russia 'warming 2.5 times quicker' than global average




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement