GE to Move Headquarters From Connecticut to Boston

GE said it plans to move its corporate headquarters from Fairfield, Conn. to Boston by mid-2016, a move that confirmed the worst fears of Connecticut lawmakers.

The Jan. 13 announcement by the high-tech global industrial giant comes just seven months after GE Chairman and CEO Jeff Immelt raised concerns about the economic situation in Connecticut following the adoption of a series of significant tax changes and other budgetary actions by the state legislature last June.

Connecticut State Sen. Tony Hwang (R) told Bloomberg BNA on Wednesday that the decision by GE to leave the state was “an avoidable scenario” and ...