The Red Sox may stink this year, but at least State Street [profile] employees will continue shipping up to Boston, CEO Jay Hooley told the Boston Globe Monday.

Hooley promised that the firm would not seek new tax incentives other than the $11.5 million property tax break it received from Boston for moving into a new office in the city.

Still, Hooley told the paper, the company did not plan on exporting jobs out of Beantown.

“It’s really a commitment to the city,” Hooley said. “We plan to retain the jobs, but the tax benefit was not tied to job activity.” 

Edited by: Ben Geier


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