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What a week! General Electric is coming to town; as Mayor Marty Walsh’s says “Boston won the Powerball.” HUGE win indeed. And that wasn’t all the exciting news this week in Boston business. Here’s the quick download:
GE’s move: 800 jobs are on the way to the Hub’s Seaport District. The Fortune 10 company chose Boston over New York City, Providence, and other areas. The biggest factors? Our region’s world-class universities and technology culture. Read more.
Chamber reacts to the big news: Chamber President & CEO Jim Rooney issued this statement on this great news.
Massachusetts #1 in Innovation! So it’s no surprise GE is moving here. According to this Bloomberg report, the Bay State tops California as the most innovative state in America. They cite our amazing universities as the biggest driver. No surprise to us.
Chamber announces new innovation head: The Chamber hired entrepreneur David Brown as its newest vice president of innovation leadership, to spurn further growth among the region’s start-up and tech community. The Boston Globe has more here.
Shire lands $32 billion acquisition: The week started with a bang for our member Shire, which purchased the independent biopharm company Baxalta for $32 billion. The move firmly placed Shire (with US HQ in Lexington) in front of the market in addressing rare form diseases. Learn more.
Putnam Investments on the move: The investment management giant is saying goodbye to One Post Office Sq. But they’re not going far – signing a 15-year lease on 11 floors at 100 Federal Street. Read more.
UberPOOL expands: Chamber member Uber is at it again – giving more cost-effective rideshare options to Greater Bostonians. This week, they announced the popular UberPOOL service is expanding beyond Boston city limits. See where the new services are available.
Sidley Austin looking to triple in size: The Boston law firm, also a member of the Chamber, is certainly on the ups. This Boston Business Journal profile takes a look at its aggressive growth plans, including those in the financial services and life sciences practice.
Solomon McCown adds government relations practice: Speaking of new practices, the Boston-based public relations agency is creating a new government relations area to build on its amazing public policy work. Read more.
Liberty Mutual tapping into the start-up world: The BBJ had had a great piece at how Liberty Mutual Insurance is placing its new incubator – Solaria Labs – in WeWork’s shared office space.
Each week, we’ll share all of the week’s top news impacting the local business community. We especially love big customer wins or amazing accomplishments among our 1,500+ members. To submit content, give us a shout! (We also love to share them on our Twitter feed)
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