Boston Business Journal, 1/13/16
A new anchor company is coming to town.
Boston-area technology, venture capital, finance and education leaders say GE's upcoming headquarters move to Boston is a huge win for the region. Ellen Rubin, co-founder of Boston-based tech firm ClearSky Data, said the move is emblematic of a larger trend: Giant, established companies taking charge of innovation.
Companies like GE (NYSE: GE) are realizing "they must be technology companies to thrive," Rubin said in an email. "And, that they need to have roots in a place like Boston to build and retain development and engineering talent in order to succeed."
GE would be the largest company in Massachusetts by a long shot. The company's market cap stands at $291 billion. The market cap of the current largest company, Biogen, is $62 billion.
Steve Kokinos, CEO of Cambridge-based tech firm ThinkingPhones, said the move further positions Boston as "an international hub for innovation in technology." It also shines a spotlight on the area's "enormous pool" of local talent, he said.