Sources: GE is not moving its corporate headquarters to Atlanta

By Maria Saporta

It appears that General Electric Co. (NYSE: GE) will not be moving its corporate headquarters to Georgia.

The company, which ranks No. 8 on the Fortune 500 list, apparently will stay in the Northeast – either in its current home of Fairfield, Conn., or two other Northeast contenders – the greater New York City area or Boston.

General Electric's logo

General Electric’s logo

Since late spring, Georgia has been wooing GE after the company said it would consider relocating its headquarters because of Connecticut’s moves to increase taxes for businesses.

The company set up an exploratory committee to consider possible sites for its headquarters, and more than a dozen states initially were considered.

Georgia was one of the states that was visited by the members of the exploratory committee in early October. It is thought that GE was considering up to six cities in that round – Atlanta, Chicago, Denver, Raleigh-Durham, Boston and New York.

The committee then met in early November, but Georgia did not receive word as to whether there would be a follow-up visit.

That was when Georgia officials began to question whether Atlanta would make it to the next round, or whether GE would decide to stay in the Northeast.

Story is developing.

Maria Saporta, Editor, is a longtime Atlanta business, civic and urban affairs journalist with a deep knowledge of our city, our region and state.  Since 2008, she has written a weekly column and news stories for the Atlanta Business Chronicle. Prior to that, she spent 27 years with The Atlanta Journal-Constitution, becoming its business columnist in 1991. Maria received her Master’s degree in urban studies from Georgia State and her Bachelor’s degree in journalism from Boston University. Maria was born in Atlanta to European parents and has two young adult children.

2 replies
  1. Peach State Proud says:

    Im glad that Georgia was considered as a possible place for GE to relocate their headquarters. The great state of Georgia would have been a ideal location but it wasnt to be. So get up, get over it and get going to the next opportunity!!!
    It would have been a unique marketing tool; GE-orgiaReport

    Reply

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