Contact Us
Norwalk Daily Voice serves Norwalk & Rowayton
Return to your home site

Menu

Norwalk Daily Voice serves Norwalk & Rowayton

Nearby Towns

business

Fairfield Worries About Tax Consequences Of Possible GE Move

Jack Welch
Jack Welch Photo Credit: Twitter

FAIRFIELD, Conn. -- The possible departure of General Electric from its Fairfield headquarters complex has local officials worried about tax revenue implications, according to a report in ctpost.com.

The company has reportedly considered donating the campus to a nonprofit organization, which would take the property, valued at about $84 million, off the local tax rolls, ctpost.com reported.

Recently, there has been talk that GE might donate the complex to nearby Sacred Heart University in Fairfield, which named its business school for former CEO Jack Welch, according to ctpost.com.

GE has been looking for a new headquarters site for months in areas near Boston and New York, blaming the tax rules in Connecticut.

To read the full report, click here .

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Norwalk Daily Voice!

Serves Norwalk & Rowayton

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.