(Bloomberg) -- General Electric Co. will move its headquarters to Boston from suburban Connecticut as the company looks to further position itself as a digitally savvy industrial manufacturer.

“We want to be at the center of an ecosystem that shares our aspirations,” Chief Executive Officer Jeffrey Immelt said in a statement. “Greater Boston is home to 55 colleges and universities. Massachusetts spends more on research and development than any other region in the world, and Boston attracts a diverse, technologically-fluent workforce focused on solving challenges for the world.”

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