Michael E. Porter, Boston Globe op-ed
GE’S DECISION to relocate its global headquarters to Boston is a turning point for the city and the state, not just because of what GE brings, but because of why it is coming. This decision was not about taxes and incentives — Massachusetts is not a low-tax state, and the Commonwealth stopped competing on incentives decades ago. While recognizing the need to compete for investments, ours are well below the kinds of incentives offered by other states.
So where does Boston come in? GE established a software development center in Silicon Valley in 2011. However, Silicon Valley did not have all the answers in this new field. The Boston region, in contrast, has long been a major hub in business-to-business software. Leaders such as PTC, Autodesk, Dassault, and others have a major presence here, and Boston has also spawned leaders in data storage, data analytics, sensors, and IT security. Leading competitors in the core platform technology for SCPs have emerged in Boston, and numerous companies have also emerged around specific technology applications, such as strong clusters in robotics and medical devices.