General Electric's plan to relocate its corporate headquarters is credit positive for the City of Boston and credit negative for Connecticut, where the economic recovery lags the nation and the state has not regained the total jobs lost during the recession, according to Moody's.
General Electric, one of the nation's largest companies, will move about 800 jobs to Massachusetts starting this summer when it begins to relocate its global headquarters from Connecticut to the South Boston waterfront, the company announced on Wednesday.
The Baker administration announced $1.5 million in grants for advanced manufacturing training programs on Thursday at Lynn Vocational Technical Institute, which educates high school students and hosts a program to train out-of-work adults.
It's something we see more and more: companies packing up and moving to Marlborough, or choosing the area as the best place to launch a new venture. Relocating, laying off, hiring and onboarding so many employees are no easy tasks for these firms that now call MetroWest home. But what if you must do all three as part of the same transition?
Business growth in MetroWest is continuing the same measured pace in 2015 that the annual Business Climate Survey found last year, with companies expecting moderate growth in jobs and revenue throughout this year.
Three Central Massachusetts life sciences companies, including one that's moving its headquarters to the region, will receive nearly $5 million in state tax incentives toward the creation of 275 jobs.