Here’s the signed agreement the city, state used to woo GE
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Here it is: The five-page agreement that city and state officials used to encourage General Electric Co. to move its world headquarters to Boston.
The document, dated Jan. 13, was signed by Governor Charlie Baker, Boston Mayor Martin J. Walsh, and GE chief executive Jeff Immelt and includes details of the major incentives offered up.
Many of the benefits have been previously reported, including the city offering up to $25 million in tax breaks and the state providing up to $120 million in property and infrastructure expenses.
Separately, the city committed up to $100 million to replace the Northern Avenue bridge in the Seaport District. The state will also spend up to $25 million to improve streets, bike ways, and water transportation services in the area.
GE is relocating from Fairfield, Conn. and will begin the process of moving employees to Boston starting this summer. The company has not selected a site, but is focusing its search in the Seaport District. It will employ 800 people in Boston.
Other tidbits: GE executives like to fly. The agreement stipulates that the industrial conglomerate will have parking at Logan International Airport for one executive jet and one helicopter. The company will also get a hangar site for six executive-style aircraft at Logan or Hanscom airport.
One other theme emerged. It might be hard to navigate city and state regulations so GE will get a "permitting ombudsman" and a "City Hall To Go" truck that will visit the new corporate home every day for the first week and quarterly during the first year. The truck will dispense a range of services for employees, such as help with the Registry of Motor Vehicles, transit passes, parking permits, and voter registration.