Walsh: Tax breaks for GE to brighten Boston’s future
Boston Mayor Martin J. Walsh defended the tax breaks that helped lure multinational conglomerate General Electric to Boston, touting the benefits of having the company’s global headquarters in the Hub.
“For decades, we saw corporate headquarters leaving town. Now we’ve turned the tide — and in a big way,” Walsh said during his keynote address yesterday at the Boston Municipal Research Board’s annual meeting. “We have continued the long-standing practice of using tax incentive tools in special cases.”
GE could receive up to $145 million in tax breaks, including up to $25 million in city... read more