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GE decision on Seaport move expected this month

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General Electric’s chief executive officer Jeffrey R. Immelt addressed a press conference in New Delhi.
General Electric’s chief executive officer Jeffrey R. Immelt addressed a press conference in New Delhi.

Boston and state officials have been talking frequently with each other and with General Electric Co. about relocating its global headquarters to the Seaport District, according to people familiar with the matter.

Officials worked throughout the holiday period and into this week to nail down details about a potential move that could bring hundreds of high-paying jobs from Fairfield, Conn., where GE is currently based.

Boston remains on a short list for the conglomerate — known for making everything from train engines to MRI machines — along with New York, according to people familiar with the search. While there is a possibility that GE may choose to stay in Connecticut, F ox Business Network on Tuesday reported that company was not impressed with the state's latest pitch to keep it from moving.

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A GE spokesman has said the company would make a decision this month.

Various states have been vying for GE's affections since chief executive Jeffrey Immelt announced in June that the company was going to explore options outside of Connecticut. At the time, lawmakers had threatened to raise corporate taxes.

Boston and state officials have been working on a package to lure the company to Massachusetts, such as offering property tax relief and tax credits, people familiar with the process have said. Such incentives are normally offered to bring companies to town. GE has about 800 employees at its Fairfield headquarters.

GE, according to sources, has been looking at Boston because it wants to be part of the innovation economy as the company repositions itself from an old-school industrial manufacturer into a high-tech firm. The company in recent months has focused its search on the South Boston waterfront, where startups have begun to cluster.


Shirley Leung is a Globe columnist. She can be reached at shirley.leung@globe.com. Follow her on Twitter @leung.

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