Business

State Street isn’t seeking state tax credits for new Boston office tower

State Street Corp. said it will not seek additional tax incentives from the state government to move into a new office complex on the South Boston Waterfront, beyond the $11.5 million local property tax break it won from the City of Boston.

In an interview at the Globe Monday, chief executive Jay Hooley also said State Street did not explicitly promise to create or retain any jobs to win the tax break. Several other financial companies, including Liberty Mutual, received both city and state subsidies for new office developments in exchange for promises to add hundreds of new jobs in the city.

Your comment is subject to the rules of our Posting Policy

This comment may appear on your public profile. Public Profile FAQ

You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com