GE chose Boston, Massachusetts, for its new headquartersStaff writer ▼ | March 24, 2016
GE said its headquarters will be located in the Seaport District of Boston, Massachusetts, along Necco Street.
Relocation GE will sell its offices in Fairfield, Ct. and NYC
The new headquarters will include a combination of existing buildings and new construction. The purchase includes two historic buildings, which will be renovated, and an adjoining parking lot, on which GE will construct a new building.
Employees will move to a temporary location in Boston on Farnsworth Street starting in the summer of 2016, with a full move completed in several steps by 2018.
GE announced the move of its headquarters to Boston in January 2016. Boston was selected after a careful evaluation of the business ecosystem, talent, long-term costs, employee experience, connections with the world and proximity to other important company assets.
Greater Boston is home to 55 colleges and universities. Massachusetts spends more on research & development than any other region in the world, and Boston attracts a diverse, technologically-fluent workforce.
GE will sell its offices in Fairfield, Ct. and at 30 Rockefeller Plaza in New York City to offset the cost of the move.
In Boston, GE will have roughly 800 people; 200 from corporate staff and 600 digital industrial product managers, designers and developers split between GE Digital, Current, robotics and Life Sciences. GE already has a significant existing presence in Massachusetts, with nearly 5,000 employees across the state in businesses including Aviation, Oil & Gas and Energy Management. In 2014, GE moved its Life Sciences headquarters to Marlborough, and in 2015 GE announced its energy services start-up, Current, would also be headquartered in Boston. ■