Agreement details incentives offered to GE for Boston move
BOSTON — General Electric was offered a list of incentives to relocate its corporate headquarters to Boston.
That’s according to a memorandum of understanding between GE and state and city officials released Wednesday to The Associated Press and other media outlets following a public records request.
The agreement says the state and the city will help build a public helipad and secure space for the company’s corporate aircraft at local airports.
The five-page memorandum was signed by Gov. Charlie Baker and Mayor Marty Walsh, and GE’s chairman and CEO Jeff Immelt on Jan. 13, the day the company announced it would relocate from Fairfield to Boston.
Massachusetts officials previously disclosed the state offered up to $120 million in grants for infrastructure improvements. Boston offered up to $25 million in property tax relief.