Business & Tech

Report: GE Drops Dallas As Possible Relocation Site

The report cites that Texas's political climate could be unfavorable to GE's business.

General Electric has crossed off the Dallas area for a possible relocation site to its Fairfield headquarters, according to Bloomberg.

Bloomberg reports GE officials recently told Dallas business leaders that it will look elsewhere and cited some Texas lawmakers’ opposition to the U.S. Export-Import Bank, an important source of financing for some overseas sales, as a reason.

As more and more states attempt to lure GE out of Connecticut, Gov. Dannel P. Malloy and his administration recently proposed specific assistance to keep GE in Fairfield but details of the discussions haven’t been divulged.

Find out what's happening in Fairfieldfor free with the latest updates from Patch.

Bloomberg also recently reported that GE has had discussions about relocating to Atlanta and that it might meet with a developer soon regarding space at Three Alliance Center, a 30-story building being built in Atlanta.

That news came on the heels of a Politico New York report that New York Gov. Andrew Cuomo, a Democrat, visited the Fairfield headquarters July 30 on a recruiting trip for a possible move to Westchester County and incentives New York might offer.

Find out what's happening in Fairfieldfor free with the latest updates from Patch.

Upset over Connecticut’s new business tax increases, GE CEO Jeff Immelt sent an email to the company’s Connecticut employees at the beginning of June, notifying them that he has “assembled an exploratory team to look into the company’s options to relocate corporate HQ to another state with a more pro-business environment.”

Since then, Florida Gov. Rick Scott has taken out radio ads and made a personal visit to Connecticut. Also, Indiana took out a full-page ad in the Wall Street Journal lending its support to GE and Governor Michael R. Pence sent a letter to Immelt.

Read more about GE’s reported decision to drop Dallas from consideration at Bloomberg here.

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