GE moving headquarters to Boston to tap tech talent

General Electric Co announced on Wednesday it will move its headquarters to Boston, leaving the sprawling suburban Connecticut campus it has called home over the past four decades for a technology-rich city it says better fits its ambitions as an innovation leader.

Chairman and CEO Jeff Immelt said GE, one of the best-known companies in corporate America, wanted to be "at the center of an ecosystem that shares our aspirations".

The announcement comes three years after the $130 billion high-tech global industrial company said it began considering a new composition and location for its head-quarters, and more than seven months after the firm threatened to leave Connecticut, complaining about the state's tax environment.