Insurance Giant Aetna Is Leaving Hartford for New York City
From a very deep bench of top insurance talent, to incredible school systems
and a high quality of life for employees, Connecticut remains the insurance capital of the world for good reason.”
For New York, the company’s decision is a feather in the cap of a city seeking to brand itself as a rival to Silicon Valley, with Spotify, the streaming music service, planning a move into 4 World Trade Center,
and Snap Inc., parent of the social media platform Snapchat, taking up residence in Times Square
Besides the state tax credits, which are based on the number of new jobs Aetna creates, the New York City Economic Development Corporation
will provide nearly $10 million worth of incentives through a combination of property and sales tax credits, among other benefits.
By SARAH MASLIN NIRJUNE 29, 2017
Aetna, the insurance giant founded in Hartford, where it has been for the past 164 years, announced Thursday
that it would move its headquarters to New York City despite intensive lobbying efforts by Connecticut officials.
But as the company places greater emphasis on creating digital tools for people to manage their health care, being in New York City, with
its large reservoir of talent, seemed vital to the company’s future, said Mark T. Bertolini, Aetna’s chairman and chief executive.
