"More than 40 states had vied for GE’s headquarters. Other venues started with some important advantages, such as no state income tax, lower corporate tax rates, lower energy costs, and lower housing costs. Had GE been focused on costs alone, Boston surely would have lost by a wide margin.
But GE had a different perspective. This is not Boston of the ’50s and ’60s, or even the 2000s. This is a Boston rich in talent, with an educational ecosystem that has spawned hundreds of startups, and, coupled with MIT, has become a global epicenter for innovation and research. When the world’s ninth-largest company wants to reinvent itself in Boston, it tells you something that was unimaginable just a few years ago."