GE Says HQ Economic Impact Totals More Than $1 Billion

BOSTON—GE officials point to a an economic impact study conducted by Oxford Analytic, which calculated that the company's move will add 4,000 new jobs in the Boston area.

By John Jordan | johnjordan | Updated on April 06, 2016

General Electric CEO Jeff Immelt

BOSTON—At a press event that featured a host of state and city dignitaries, GE executives said the company will invest $50 million in educational, workforce and civic initiatives in Boston. However, its real economic impact will be far, far greater, they say.

GE announced at the press event held at 60 State St. on Monday afternoon that its GE Foundation has committed $25 million to Boston Public Schools, $10 million to building out a diverse workforce population and $15 million to developing the next generation health care workforce and increasing training for specialty care.

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