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Shirley Leung: On GE, Baker and Walsh were smart — but also got lucky

February 15, 2019 bostonglobe Leave a Comment

Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Shirley Leung Globe Staff  February 15, 2019 Governor Charlie Baker and Boston Mayor Marty Walsh bet big on General Electric — and just won again.Not only did GE relocate its headquarters to Boston from Connecticut in 2016, now it won’t cost taxpayers a dime. A scenario, ahem, that I laid out as a possibility back in October when GE abruptly switched CEOs amid another restructuring.Oh, ye of little faith. Advertisement How’s this possible? The city and state wooed the industrial conglomerate with a $145 million incentive package, but the bulk of the money came from the state to buy and renovate two old Necco candy warehouses along the Fort Port Channel that would comprise the company’s new headquarters. Get Talking Points in your inbox: An afternoon recap of the day’s most important business news, delivered weekdays. Thank … [Read more...] about Shirley Leung: On GE, Baker and Walsh were smart — but also got lucky

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On GE, Baker and Walsh were smart — but also got lucky

February 15, 2019 bostonglobe Leave a Comment

Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Shirley Leung Globe Staff  February 15, 2019 Governor Charlie Baker and Boston Mayor Marty Walsh bet big on General Electric — and just won again.Not only did GE relocate its headquarters to Boston from Connecticut in 2016, now it won’t cost taxpayers a dime. A scenario, ahem, that I laid out as a possibility back in October when GE abruptly switched CEOs amid another restructuring.Oh, ye of little faith. Advertisement How’s this possible? The city and state wooed the industrial conglomerate with a $145 million incentive package, but the bulk of the money came from the state to buy and renovate two old Necco candy warehouses along the Fort Port Channel that would comprise the company’s new headquarters. Get Talking Points in your inbox: An afternoon recap of the day’s most important business news, delivered weekdays. Thank … [Read more...] about On GE, Baker and Walsh were smart — but also got lucky

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Even Jeff Bezos screws up

February 15, 2019 bostonglobe Leave a Comment

Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Larry Edelman Globe Staff  February 15, 2019 Yankees suck and all that, but you gotta give New Yorkers some props for going all Lillian Kaushtupper on Amazon.In a city where hedge fund managers can make a billion dollars a year, enough progressive activists, union leaders, and politicians made enough noise to get one of the country’s most valuable companies — led by the world’s richest man — to pull out of a deal to build a headquarters in Queens that included $3 billion in subsidies.This is one of those stories where you can draw your own conclusions and find some evidence to support them. Here are mine: Advertisement Amazon overreached. It wasn’t enough to pit hundreds of cities and towns against each other in a bidding contest; the company then split the deal between New York and the D.C. suburbs of Virginia. That would have … [Read more...] about Even Jeff Bezos screws up

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Denver teachers end strike, return to class with pay raises

February 14, 2019 bostonglobe Leave a Comment

Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By COLLEEN SLEVIN Associated Press  February 15, 2019 DENVER — Denver teachers ended a three-day walkout Thursday and returned to their classrooms after their union reached a tentative deal raising their pay as much as 11 percent.The deal was worked out in talks that lasted through the night and signed shortly before classes started, giving the teachers short notice and little time to get to their schools.They were encouraged to return to their classrooms if they felt ready, even though the deal awaits ratification by the full union membership. It was not immediately clear how many chose to return to work. Advertisement At East High School near the city’s downtown, returning teachers were greeted with high-fives from security guards at the main entrance, and the educators expressed relief at the outcome. Get Talking Points in your inbox: An … [Read more...] about Denver teachers end strike, return to class with pay raises

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HQ shifts by GE and Amazon could increase the scrutiny for public incentives

February 14, 2019 bostonglobe Leave a Comment

Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Jon Chesto Globe Staff  February 15, 2019 The high-stakes Corporate Incentive Game just became tougher to play.Two of the most prominent headquarters deals of this century took major turns Thursday, twists that will influence the ways in which many state and city leaders handle public incentives for years to come.First, the New York headline: Amazon bailed on its HQ2 plans for Queens amid an uproar over a roughly $3 billion package promised by state and city officials. The Seattle-based retail giant will go ahead with the other half of HQ2 in the D.C. area, put more jobs in Nashville, and expand other outposts. (Boston is among the cities that could be poised to land more Amazon jobs.) Advertisement Then, the Boston bombshell: General Electric made public its decision to sell its future headquarters property in Fort Point, and scale back its plans for the site. … [Read more...] about HQ shifts by GE and Amazon could increase the scrutiny for public incentives

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