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Thread: Aetna looking to move HQ out of Connecticut after 150 years

  1. #1
    Veteran Member bajisima's Avatar
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    Aetna looking to move HQ out of Connecticut after 150 years

    Connecticut is going to be a wasteland if they do this the year after GE pulled out. Curious to find out if they are looking for big tax breaks like Massachusetts gave GE?


    Hartford-based Aetna is in negotiations with several states about a location for its headquarters and Hartford mayor Luke Bronin said in a statement that the insurance company plans to move its headquarters after more than 150 years in the state.

    Gov. Dannel Malloy held a news conference on Wednesday afternoon and said he could not discuss the company's decision-making process, but the state has made efforts to ensure that Aetna remains a major Connecticut employer.


    Aetna to Move Headquarters Out of Connecticut: Hartford Mayor | NBC Connecticut

  2. #2
    Southern Strategy Liberal OldGaffer's Avatar
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    Texas probably offered them a 20 year tax free option.

  3. #3
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by OldGaffer View Post
    Texas probably offered them a 20 year tax free option.
    Massachusetts offered GE a ton of tax breaks but claims it will be worth it over the long run with the tax revenue from the employees..

    Is General Electric's Move To Boston Worth The Tax Breaks? | WGBH News

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    olguy OlGuy's Avatar
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    Texas would be better for it's customers than my silicon valley company that moved it's finance and accounting to Malaysia, not much fun when you try and call them to fix a problem and they're time zone is like 12 hours different.

  5. #5
    Galactic Ruler Spookycolt's Avatar
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    The link says the majority of the 5,800 jobs will stay there, its only their HQ moving.

    So much for the wasteland theory.

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    Quote Originally Posted by OldGaffer View Post
    Texas probably offered them a 20 year tax free option.
    A very common tactic used by many, if not all states.

    Incentives are the way to attract business.

    M O N E Y

  7. #7
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Miller47 View Post
    A very common tactic used by many, if not all states.

    Incentives are the way to attract business.

    M O N E Y
    It is a ZERO-sum game when states (or cities) begin offering tax incentives to firms to get them to relocate.

    This does not help America. It HURTS America.

  8. #8
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    Quote Originally Posted by BigLeRoy View Post
    It is a ZERO-sum game when states (or cities) begin offering tax incentives to firms to get them to relocate.

    This does not help America. It HURTS America.
    No argument.

    But, it is what it is.
    Thanks from BigLeRoy

  9. #9
    Veteran Member PACE's Avatar
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    Quote Originally Posted by bajisima View Post
    Connecticut is going to be a wasteland if they do this the year after GE pulled out. Curious to find out if they are looking for big tax breaks like Massachusetts gave GE?


    Hartford-based Aetna is in negotiations with several states about a location for its headquarters and Hartford mayor Luke Bronin said in a statement that the insurance company plans to move its headquarters after more than 150 years in the state.

    Gov. Dannel Malloy held a news conference on Wednesday afternoon and said he could not discuss the company's decision-making process, but the state has made efforts to ensure that Aetna remains a major Connecticut employer.


    Aetna to Move Headquarters Out of Connecticut: Hartford Mayor | NBC Connecticut
    Misleading subject title, this is rumor, Aetna has offered no comment on this, but to be sure,
    If they go, it's to NYC, which has the harshest hostile take over laws of any state in the union, a lot of companies are based in NYC, they own one office suite in a tower somewhere and get the protection of the state's laws.

    Moreover, it's the top level execs who would go, which is a non-starter, so who in the middle class is losing their jobs? no one.

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