GE MOVE TO BOSTON Ann R. Klee VP, Boston Development and Operations

From Idea to Implementation: Move Fast < 14 months from idea to interim HQ June 2015: Stay or go? 40 cities considered August 22, 2016: Boston Opening Day Interim HQ 2018/2019: Innovation Campus Opens 2

Criteria External: “big fish,” good political climate Financial: incentives, corp & personal taxes, commercial property tax, stability Talent: top universities, IT talent, retention and cost Cultural: transformational, diversity, GE culture fit Access: access to major airports, access to Crotonville Quality of life: education, cost of living, culture/sports Confidential. Not to be copied, distributed, or reproduced without prior approval. 3

Why Boston Innovation, talent and infrastructure to partner with GE “Epicenter for Industrial Internet.” “Ecosystem of opportunity.” “I want GE to be in the flow of ideas.” GE Chairman & CEO Jeff Immelt Innovation, talent and infrastructure to partner with GE Great business ecosystem … companies, universities, startups, R&D Diverse, technologically-fluent workforce focused on solving challenges Innovation focused… MA spends more on R&D than any other region in the world. Prestigious research institutions Quality of life … arts, sports, easy access “Accelerate change in culture.”

Convene & Innovate Conference & Event Space Ventures/Start-up co-work Fastworks Lab GE Experience Center Digital Foundry Brilliant Career Lab Maker Space Confidential. Not to be copied, distributed, or reproduced without prior approval. 5