It’s official: General Electric GE +0.00% is retreating from Connecticut and relocating its headquarters to Boston.
CEO Jeff Immelt says it’s a move to get it closer to an “ecosystem that shares our aspirations.” That and be near all those amazing universities in Cambridge, etc. It makes sense given that the Boston beltway is something of a Silicon Valley of the East.
I guess Yale University being in Connecticut just didn’t sway the powers that be. Still, the move could be good for house hunters looking for a deal in the nutmeg state. Read more here.
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