General Electric/Massachusetts Redacted Documents

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Frazier, Ricks (EOHED)

Kadish, Steven (GOV)
Accepted: Boston Project Call
Sunday, December 13, 2015 12:00:00 PM
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Attachments:

Cowan, Mo; Daniel Koh; john.barros@boston.gov; Ash, Jay (EOHED); Tom Glynn; Lepore, Kristen (ANF)
Boston means Innovation, Talent, Inspiration
Wednesday, December 30, 2015 5:54:56 PM
Boston means Innovation Talent Leadership.Dec30.2015.pptx
Ann,
On behalf of the Governors Office and the Mayors Office, attached is the presentation that we had
mentioned that helps to describe the strengths of the Boston area.
We believe it provides some helpful information.
Please let us know if you have any comments and/or would like any further information.
We have appreciated the discussions with you and your team.

Please let us know if we may help with any other questions that you may have.
As you had mentioned, the Governor and the Mayor are both interested in talking with the
Chairman.
Please let us know when next week or soon thereafter this makes sense to happen.
Very best wishes and Happy New Year!
Steven Kadish and Daniel Koh
Boston has the complete package the hub of

innovation, talent and infrastructure to meet GEs
needs now and in the future
No other destination can confidently boast of having the
complete package: the hub of innovation, talent and
infrastructure:
Global draw of international students
Inspiring millennial to come as students, employees and
residents
State and local government commitment
Best higher education institutions in the world
Highest # of STEM degrees granted in the country
Most innovative universities
Significant pipeline of capital for emerging companies
Top incubator for life science and technology companies
World-renowned research centers
Development partnerships focused on growing
Most advanced academic medical centers in the world
A global hub for international air travel
2
Infrastructure for Supporting the Startup

Community: Starthub Boston
The City of Boston in partnership with IBM, Venture
Caf, and Gust provides a one-stop resource for
Bostons startup community
Starthub Boston offers a one-stop resource guide to events, jobs,

investments, courses, workspaces, incubators, among other resources to
support the startup community in Boston and the Greater Boston region.
starthub.org
9
Greater Boston - the most innovative area in the world and growing
The hub of health care
DECEMBER 8, 2015: When it comes to advancing
Boston, Cambridge are ground zero

for life sciences
MARCH 16, 2015: BOSTON-CAMBRIDGE is ground zero

for the development and deployment of many of the
bleeding edge life science discoveries and
technologies. One corner alone, Vassar and Main
Street in Cambridge, will likely generate 1 to 2 percent
of the future world GDP.
On a per capita basis, nowhere else comes close in
terms of research grants, patents, and publications
that drive new gene code, which in turn alters the
evolution of bacteria, plants, animals, and ourselves.
innovation, the Boston area is one of the worlds most

vital resources for a number of industries, especially
health care.
A new Kendall Square envisioned in

$1.2b MIT plan
JULY 28, 2015: The plan, six years in the making, calls for
six new buildings on what is now a string of parking lots

along Main Street. In addition to academic and business
uses, the complex would include apartments for graduate
students and low-income tenants, stores, and a treecovered plaza near the Charles River.
Vassar and Main: The World's Most Innovative Intersection
NOEMBER 2, 2015: If one had to pick a single corner, anywhere on the planet, as
the most innovative and productive crossroads in history, the intersection of

Vassar Street and Main Street, in the new world's Cambridge, Massachusetts,
would be a leading candidate
12
Boston-area academic medical centers are driving

the Boston economy and are a worldwide leader
medical innovation
Coalition of 14 Boston-area teaching
hospitals
Beth Israel Deaconess Medical Center

Boston Childrens Hospital
Boston Medical Center
Brigham and Womens Hospital
Cambridge Health Alliance
Carney Hospital
Dana-Farber Cancer Institute
Faulkner Hospital
Lahey Clinic Medical Center
Massachusetts Eye and Ear
Massachusetts General Hospital
St. Elizabeths Medical Center
Tufts Medical Center
VA Boston Healthcare System
Bostons academic, professional medical enterprise

and business climate thrives from a culture of
innovation, commitment to new discovery and
scaling thee innovations to patients across the globe.
Healthcare professionals around
the world begin in Boston
#1 in the # of residents and fellows trained, per capita
#3 in the # of primary care doctors trained, per capita
#1. Massachusetts General

Hospital
#6. Brigham and Women's
Hospital
13
The world (and the workforce) is experiencing a

dramatic shift in talent supply and talent demand
There are 80 million Baby Boomers who are going to retire over
the next 5-7 years, and theyre going to be replaced by 40 million
Generation Xers. Thats 2 to 1, so youd better be developing your
next generation now if youre going to be ready for that transition.
- Michael White, Chairman, President, CEO, The Directv Group, Inc
16
Talent mobility: 2020 and Beyond, PWC, (2012) PwC 15th Annual CEO Survey
16
Changed Talent Demands Supply:

Are you ready for them? (Massachusetts is)
The millennial generation, born between 1980 and 2000 are now
entering employment in vast numbers [sic] will shape the world of work
for years to come. Attracting the best of these millennial workers is
critical to the future of your business. Their career aspirations,
attitudes about work, and knowledge of new technologies will define the
culture of the 21st century workplace.
Millennials matter because that
are not only different from those
that have gone before, they are
also more numerous than any
since the soon-to-retire Baby
BoomersBy 2020, millennials
will form 50% of the global
workforce.
Millennials at work, Reshaping the Workforce, (2011). PWC
18
Likewise, millennials have made their impact

on the way Boston governs, educates and
inspires
20
Boston is the third most popular U.S. destination for

international students
The number of international students nationwide grew at the fastest rate in 35 years
increasing by 10% over the previous year.
The surge of international students brought the total number of foreign students in to
Boston-area schools to 47,895, up from 43,801 the previous year.
With 55,447 international students across all higher education institutions in the state
MA ranks #4 in the number of international students
86% or 47,985 attend
a metro-based school
Northeastern (10,559)
Boston University (7,860)
Havard University (5,749)
MIT (4,220)
UMass Amerst (2,352)
The majority of international students are from China, followed by India, South Korea,
Canada and Saudi Arabia.
Eight Massachusetts colleges/universities have over 10% of international students
within their student body
23
Massachusetts has been a national leader in

recruiting and inspiring millennials
Over 46% of incoming freshman are from outside the state.
Nationally, Massachusetts ranks in the top 5 in both completed masters
degrees and doctorate degrees.
Due to Bostons world-class educational offerings and emerging industries, Boston is home to the
highest proportion of young adults of any major city in America. Over 35% of Bostonians are
between the ages of 20-34.
Recognizing the importance of this demographic, the City of Boston launched a special initiative
called, ONEin3, to support, grow and empower Bostons young adult population.
In its 11th year, ONEin3 serves to engage Bostons young adults through opportunities to participate in
city government and civic affairs, facilitate communication between young adults and the citys
leadership, and support a culture which supports the recruitment and retention of millennials.
With the highest proportion of young adults out of any major city in the country, Boston is leading the
way in attracting and retaining millennialsTogether, using innovation and creative thinking, we are
growing Boston as a sustainable place for young adults to live, work, play, and put down roots.
Boston Mayor, Marty Walsh
24
Boston is an international city that is a great place

for millennials to live, work and be inspired
Mayor Walsh and the City of Boston actively engage millennials through
civic leadership, neighborhood networks and inspirational events such as
the Imagine Boston 2030 citywide planning process and the 2014 World Cup
Viewing Party on City Hall Plaza.
26
U.S. News & World Report 2015: Ten Massachusetts

Schools in the Top 100 National University Rankings
#2
#7
#27
#30
#34
#41
#47
#57
#75
#75
27
Massachusetts has over 114 Colleges and

Universities; with over 400,000 students enrolled
There are 114 colleges and universities in the Commonwealth of Massachusetts enrolling over
400,000 students seeking bachelor's or associate degrees (Based on National Center for Education
Statistics, 2014).
There are as many students seeking bachelor's or associate degrees in the Commonwealth as residents in
three of Connecticuts largest cities (Hartford, Bridgeport and New Haven.)
50 of these colleges and universities are in the greater Boston metropolitan area, which is home to
more than 250,000 students.
In addition to the ten Massachusetts colleges and universities ranked in the top ten, there are a
number of other renowned higher education institutions in the Commonwealth:
American International College
Assumption College
Babson College
Bay Path University
Bentley University
Bridgewater State University
Cambridge College
College of the Holy Cross
Curry College
Emerson College
Emmanuel College
Endicott College
Fitchburg State University
Framingham State University
Lesley University
Massachusetts College of Pharmacy and Health Science
Merrimack College
Mount Holyoke College
Northeastern University Global Network
Salem State University
Simmons College
Smith College
28
Springfield College
Stonehill College
Suffolk University
University of Massachusetts-Boston
University of Massachusetts-Dartmouth
University of Massachusetts-Lowell
Wellesley College
Western New England University
Westfield State University
Williams College
Worcester State University
Boston is the center of STEM education: Both the

national leader in STEM degrees granted and top
ranked universities in STEM
STEM (Science, Technology, Engineering & Math)
MA is #1 nationally in STEM graduate and professional degrees granted per capita

Two Massachusetts universities rank in the top five best graduate schools for
math: Massachusetts Institute of Technology (#1) and Harvard University (#3)
Science
MA is #4 nationally in number of Science graduate and professional degrees granted

Three Massachusetts universities rank in the top 25 of the best schools for computer
science: Massachusetts Institute of Technology (#1) , Harvard University (#18) and
University of Massachusetts Amherst #25).
Engineering
MA is #5 nationally in number of Engineering graduate and professional degrees granted

Four Massachusetts universities rank in the top 50 engineering schools : Massachusetts
Institute of Technology (#1) , Harvard University (#20), Boston University (#37) and
Northeastern (#43).
29
Many of the world's most leading-edge companies have

either moved or expanded in MA over the last year
**
**
MAY 6, 2015: Announced plans to
create a new drug delivery and device
innovation center with over 30
scientists and engineers.
MARCH 18, 2013: Announced plans to

expand its Waltham research and
development center over the next
two years as the company eliminates
about 1,200 positions at its US
headquarters in Wilmington, Del.
MARCH 2, 2015: Announced the

formation of a new global innovation
and R&D center in MA with plans to
employ over 400 people.
*, **
JULY 30, 2014: Announced an expansion of
its research center with plans to add more
jobs to their existing 180 employees.
JANURY 7,2015: Manufacturer of nextgeneration carbon nanotubes, announced the

relocation of its corporate headquarters from
Arizona to MA.
*
MAY 19, 2015: Announced the creation of a new $25 million,
five-year research alliance with MIT and is moving its U.S. R&D
headquarters to MA from its current headquarters in New York.
FEBRUARY, 4, 2014: Opened its new 1.1 million square foot

corporate headquarters in Bostons Seaport District;
bringing all 1,300 of its Massachusetts employees together
under the same roof by mid-2014.
*MIT Technology Review: 50 Smartest Companies 2015 or 2014; ** Fortune 500 Company
36
Massachusetts is THE DESTINATION of the world's most

innovative, dynamic and leading-edge companies
DECEMBER 16, 2015: Announced plans to
create a new drug delivery and device
innovation center with over 30 scientists
and engineers.
JANUARY 16, 2015: Announced the expansion of their existing location

as part of an expanded US headquarters for Shire covering about
900,000 square feet including the building a new manufacturing plant
and headquarters for its Human Genetic Therapies.
**
DECEMBER 21, 2015: Announced a new
$335 million joint venture with CRISPR
Therapeutics with plans to employ 40-50
people; operating out of Cambridge, MA.
SEPTEMBER 23, 2015: Announced plans create a new operation to

house its new digital health venture, IBM Watson Health, to Greater
Boston; creating 160,000 square feet of R&D space and hiring at
least 500 new senior-level researchers and computer scientists.
*
DECEMBER 16, 2015: Unveiled a $600
million, 550,000 square-foot facility that
will campus will be a life sciences gateway ,
employing over 1,000 researchers and staff.
DECEMBER 18, 2015: Announced a $300

million renovation and expansion of its
manufacturing plant in Walpole resulting in
up to 700 research and operations staff.
*MIT Technology Review: 50 Smartest Companies 2015 or 2014; ** Fortune 500 Company
37
From:
To:
Subject:
Date:
Karyn Polito
GOV EConnecticut Mail
Jay Ash; Steven Kadish
Monday, June 01, 2015 9:58:23 PM
There's an article in Hartford Courant about

raising taxes- and response from AETNA
Travellers and GE. Would be nice to welcome
more insurers to MA!
Capitol Watch
Reports from the Courant's politics staff
PoliticsCapitol Watch
GE, Aetna, Travelers Issue

Statements Against CT Tax
Package In Rare Move
Sign up today and save up to 83% on a Ha

Courant digital subscriWeather Alertin W
Tolland, Hartford, New London, New Hav
Middlesex and Fairfield counties.
Sent from my iPhone

Karyn Polito
From:
To:
Cc:
Subject:
Date:

Sullivan, Jennifer F. (ANF); Povich, Lon (GOV); Frazier, Ricks (EOHED)
Lepore, Kristen (ANF); Ash, Jay (EOHED)
connecting Jen, Lon,Ricks
Tuesday, December 08, 2015 7:28:50 AM
Jens #
From: Sullivan, Jennifer F. (ANF)

Sent: Monday, December 07, 2015 8:33 PM
To: Kadish, Steven (GOV)
Subject: Re: MassWorks document
Yes,
is my cell or
home.
On Dec 7, 2015, at 8:27 PM, Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US> wrote:

Jen,
Can I call you tonight?

What#?
Thx.
Sent from my iPhone
Begin forwarded message:
From: "Kadish, Steven (GOV)" <steven.kadish@MassMail.State.MA.US>
Date: December 7, 2015 at 7:53:45 PM EST
To: "Lepore, Kristen (ANF)" <kristen.lepore@MassMail.State.MA.US>
Cc: "Kennealy, Michael (EOHED)"
<Michael.kennealy@MassMail.State.MA.US>, "Ash, Jay (EOHED)"
<jay.ash@MassMail.State.MA.US>, "Sullivan, Jennifer F. (ANF)"
<Jennifer.F.Sullivan@MassMail.State.MA.US>
We just tried you.
What # can we call?
Sent from my iPhone
On Dec 7, 2015, at 7:17 PM, Lepore, Kristen (ANF)
<kristen.lepore@MassMail.State.MA.US> wrote:
We need to talk ASAP. Jen got info from bond counsel that
significantly changes things.

From: Kennealy, Michael (EOHED)
To: Ash, Jay (EOHED); Kadish, Steven (GOV); Lepore, Kristen
(ANF); Sullivan, Jennifer F. (ANF)
And all to be reviewed by City too - Jay calling Barros to

update him.
Mike Kennealy
On Dec 7, 2015, at 5:46 PM, Kennealy, Michael (EOHED)

<Michael.kennealy@MassMail.State.MA.US> wrote:
Attached please find a memo from our
MassWorks director describing some of the
larger projects completed. I need to give this a
closer read tonight, but I think it is at least a
good start. On other items:
Jennifer is doing a first draft of the 1

1 page document. I will look at
tonight, made comments and send
back to her; we are then discussing at
7am tomorrow and will send to this
group ASAP guessing 8/8:30am.
Jay and I discussed sending the 1
pager with two attachments (slightly
different game plan than discussed in
the meeting)
o MassPort site document I think
I heard them commit to
getting us something midmorning tomorrow
o MassWorks document attached
(with edits obviously)
Do not propose that we send either
o A separate site document from
us I think MassPort really
needs to drive this; obviously
well make edits/additions
o The MOBD memo on other
benefits to GE these points
are really all captured in the 11/2 pager now

So a good concise package to them by [noon?]
tomorrow
Cover letter
Site document
MassWorks
Any questions let me know.
Mike
Mike Kennealy
Assistant Secretary for Business Growth
The Commonwealth of Massachusetts
Executive Office of Housing & Economic
Development
One Ashburton Place, Room 2101
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
michael.kennealy@state.ma.us
<Updated - Examples of MassWorks

Capabilities 20151207.docx MJK.docx>
From:
To:
Subject:
Date:

Ash, Jay (EOHED);
; karyn.polito@state.ma.us; Lepore, Kristen (ANF); Buckley, Timothy (GOV); Conroy,
Jim (GOV); Povich, Lon (GOV)
Did you see Wall St Journal article about GE decision to move?
Friday, September 11, 2015 8:07:41 AM
Immelt talks about support for the Ex-Im Bank as a key factor.
From:
To:
Subject:
Date:
John Regan
Ash, Jay (EOHED)
FW: BD"s number
Sunday, May 31, 2015 3:38:13 PM
Brackett Denison's cell number is

And, according to Jim McGaugh, the GE team is really fired up over this
situation...
Please let me know if there is anything I/AIM can do to help...
John
From:
To:
Cc:
Subject:
Date:
Povich, Lon (GOV)

Fw: Call for noon tomorrow/Sunday
Sunday, November 29, 2015 1:50:57 PM
adding Ricks
________________________________________
From: Kadish, Steven (GOV)
Sent: Sunday, November 29, 2015 1:47 PM
To: Kennealy, Michael (EOHED)
Cc: Wehrs, Brianna (GOV); Zarrella, Lily (GOV); Goodall, Devon (GOV); Ash, Jay (EOHED); Lepore, Kristen
(ANF); Pollack, Stephanie (DOT); Garrity, Rob (DOT); Povich, Lon (GOV); Elizabeth Morse; Tom Glynn;
Buckley, Timothy (GOV); Conroy, Jim (GOV);
; Polito, Karyn (GOV); Sullivan, Jennifer F. (ANF)
Subject: Re: Call for noon tomorrow/Sunday
If I understand the format of the proposal, I think that there are 3 documents needed:
1. Booklet of properties, including site information
2. Letter outlining the elements of the City-State proposal
3. An appendix type document that outlines the various statutes, application process, how the calculations work.
This document could also include the parking discussion and requirements, as well as a possible comparison of key
state and local tax features comparing MA, CT and NY. This document could work as a PowerPoint.
Sent from my iPhone
> On Nov 29, 2015, at 11:33 AM, Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>
wrote:
>
> Attached please find two documents for our call today at 12pm:
>
> - An update memo
> - Jay's chart sent on Friday
>
> Looking forward to speaking then.
>
> Mike
>
> ________________________________________
> From: Wehrs, Brianna (GOV)
> Sent: Saturday, November 28, 2015 4:45 PM
> To: Kadish, Steven (GOV)
> Cc: Zarrella, Lily (GOV); Goodall, Devon (GOV); Ash, Jay (EOHED); Kennealy, Michael (EOHED); Lepore,
Kristen (ANF); Pollack, Stephanie (DOT); Garrity, Rob (DOT); Povich, Lon (GOV); Elizabeth Morse; Tom Glynn;
; Polito, Karyn (GOV)
> Subject: Re: Call for noon tomorrow/Sunday
>
> I just sent a calendar invite. Please let me know if there's any issues.
>
> Brianna Wehrs
> Executive Assistant to Governor Charlie Baker
> Office: 617-725-4048
> Cell: 617-483-3397
>
>> On Nov 28, 2015, at 4:36 PM, Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US> wrote:
>>
>> Brianna, Lily or Devon--please send out a calendar invite for a call at noon tomorrow/Sunday for the folks
copied on this email.
>>
>> Elizabeth: please invite Jim D if you would like.
>>
>> If you have questions about the call, please contact Sec Ash, Mike Kennealy or me.
>>
>> Thx.
>> Steve
>>
>> Sent from my iPhone
> <Project Plum memo Nov. 29.docx>
> <Project Plum - Chart of Second Offer.docx>
From:
To:
Subject:
Date:
Kennealy, Michael (EOHED)

jdoolin
FW: Call to review proposal
Tuesday, December 08, 2015 3:23:00 PM
Jim, looks like 2 calls Amy and Brent. Would 5pm work today for you with Amy?
Mike Kennealy
Executive Office of Housing & Economic Development
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From: Eisenstadt, Amy (GE, Corporate) [mailto:amy.eisenstadt@ge.com]

Sent: Tuesday, December 08, 2015 2:52 PM
To: Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>
Subject: RE: Call to review proposal
Also, let me know about a call with Brent and Massport that discussion is maybe even more
important to understanding how to properly value the offer (assuming the sites work).
Amy Eisenstadt
State Tax Counsel
General Electric Company
(cell)
From: Kennealy, Michael (SEA) [mailto:michael.kennealy@state.ma.us]

To: Eisenstadt, Amy (GE, Corporate)
Ok let me see about 5pm today, thanks.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

We can be available at 5 today or anytime tomorrow morning.
Im not sure about Brent, but I think he can do a call separately with whoever from the State and
Massport is best positioned to talk about the specifics of the structure/lease terms etc.
Amy Eisenstadt
State Tax Counsel
(cell)

To: Eisenstadt, Amy (GE, Corporate); john.barros@boston.gov
Cc: Mcgaugh, James (GE Corporate); Roberti, Scott (GE, Corporate); Woodruff, Brent (GE Global
Operations, consultant)
Of course Amy. Could you let me know some times that might work for a call and Ill assemble the
team here?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>;
john.barros@boston.gov
Cc: Mcgaugh, James (GE Corporate) <james.mcgaugh@ge.com>; Roberti, Scott (GE, Corporate)
<Scott.Roberti@ge.com>; Woodruff, Brent (GE Global Operations, consultant)
<brent.woodruff@ge.com>
Subject: Call to review proposal
Mike/John:
Please let me know when you can do a call to review the proposal. As Im sure you expected, we do
need clarification of a few points.
Also, we need someone from Massport who can discuss the structure of the building development
with Brent Woodruff. Im copying Brent on this email as the timing of that discussion will need to
be arranged directly with him.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:

Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert (ANF);
Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Elizabeth Morse; jdoolin; Povich, Lon (GOV);
Garrity, Rob (DOT)
Team, please see 2 emails below from GE tax counsel who should be on this call and does 5pm
today work or tomorrow morning?

Amy Eisenstadt
State Tax Counsel
(cell)

team here?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Mike/John:
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:

John, would 5pm work today for you?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Amy Eisenstadt
State Tax Counsel
(cell)

team here?
Mike Kennealy

Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Mike/John:
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:

John Barros
John, let me see who we need from the state and their availability.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Mike/John:
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:

Kreuter, Erica (EOHED); Cosco, Jonathan (EOHED)
FYI
Ricks

To: Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross,
Robert (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Elizabeth Morse; jdoolin;
Povich, Lon (GOV); Garrity, Rob (DOT)
FYI call scheduled today with GE tax, CBRE, Massport, possibly A&F. Ann Klee also emailed and
said she will be presenting the terms of the Boston proposal to Plum senior leadership tomorrow
end of day. I will report back to this group after the 5pm. I expect tomorrow may be another round
of discussion/negotiation with them ahead of their presentation tomorrow.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>; Ash, Jay (EOHED)
<jay.ash@MassMail.State.MA.US>; Lepore, Kristen (ANF) <kristen.lepore@MassMail.State.MA.US>;
Sullivan, Jennifer F. (ANF) <Jennifer.F.Sullivan@MassMail.State.MA.US>; Ross, Robert (ANF)
<robert.ross2@MassMail.State.MA.US>; Frazier, Ricks (EOHED)
<ricks.frazier@MassMail.State.MA.US>; Pollack, Stephanie (DOT)
<stephanie.pollack@dot.state.ma.us>; Tom Glynn <tglynn@massport.com>; 'Elizabeth Morse'
<EMorse@massport.com>; 'jdoolin' <jdoolin@massport.com>; Povich, Lon (GOV)
<lon.povich@MassMail.State.MA.US>; Garrity, Rob (DOT) <rob.garrity@dot.state.ma.us>
Subject: FW: Call to review proposal
Team, please see 2 emails below from GE tax counsel who should be on this call and does 5pm
today work or tomorrow morning?

Amy Eisenstadt
State Tax Counsel
(cell)

team here?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Mike/John:
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:
Attachments:
Ash, Jay (EOHED)

"Mike Kennealy"
FW: Meeting Confirmation, GE Team & Logistics - Massachusetts
Monday, July 13, 2015 7:20:00 PM
Matthew_G_Cribbins.pdf
Laurie Bevier bio.doc
Pereira Outside Bio with photo.pdf
Cavanaugh bio 2015.doc
May Bio 1-2015.doc
Wills Bio July 2015.doc
CDrumgoole Bio - GE Chief Operating Officer 04102015tr (2).pdf
Klee Bio.docx
Youre the one coordinating this. You, me and Nam anyone else?
From: Kulish, Karen (GE, Corporate) [mailto:karen.kulish@ge.com]

Sent: Friday, July 10, 2015 4:50 PM
To: Ash, Jay (EOHED)
Cc: Kulish, Karen (GE, Corporate)
Subject: Meeting Confirmation, GE Team & Logistics - Massachusetts
Jay,
I am writing to confirm your meeting at our GE offices in Fairfield, CT on July 30 at 1:30 3:30. We
look forward to seeing you then.
Below are the GE folks wholl be at the meeting, and their bios are also attached.
Laurie Bevier Sr. Human Resources Manager

Eileen Cavanaugh CFO Corporate/Global Operations
Matt Cribbins VP, Investor Communications
Chris Drumgoole CFO, IT
Ann Klee VP, Global Operations, Environment, Health & Safety
Michelle May Director, Culture Communications
Chris Pereira Chief, Securities & Finance Counsel
Sarah Wills Executive Director, Strategy
We would also request bios be provided for all those who will attend from your side.
The meeting will be held at our GE Guest House, Conference Room B, and upon going through
Security and obtaining badges you will be directed to Guest House parking.
If there are any changes, please be sure that you provide to me the names of EVERYONE who will
attend the meeting as I need to clear each individual through GE Security. Please confirm whether
the Governor will attend and, if so, whether you will be sending a security detail in advance of the
visit. We are a secure facility, however, we do understand that you may want to do this.
Dont hesitate to contact me with any questions.
Have a good weekend,

Karen
Karen Kulish
Executive Assistant to Ann Klee
Global Operations Environment, Health & Safety
O:
C:

3135 Easton Turnpike
Fairfield, CT 06828
GE Imagination at Work
Matthew G. Cribbins
Vice President
Corporate Investor Communications
Matthew Cribbins has been the vice president of Corporate Investor Communications since January
2014.
Cribbins is a 1998 graduate of GE Capital's Financial Management Program, where he rotated
through multiple finance assignments in GE Capital and GE Company. He spent six years on GE's
Corporate Audit Staff (CAS), becoming an executive audit manager for Commercial Finance. In
2003, he was named chief financial officer (CFO) for GE Energy Financial Services. He was
promoted to CFO, GE Commercial Finance Asia in 2006, based in Tokyo, Japan. In 2008, he became
the CFO of GE Capital Asia. In 2009, he was named the vice president of Financial Planning and
Analysis for GE Capital. Prior to his current role, Cribbins was the vice president of Audit Staff since
January 2011.
Cribbins is a graduate of Holy Cross College with a B.A. in Economics and resides in New Canaan,
CT.
Laurie F. Bevier
Senior Human Resources Leader

GE Corporate
Fairfield, CT
Laurie Bevier is Senior Human Resource Manager for GE Corporate. In this role, she is responsible for developing the
companys global talent pipeline, functional learning programs, and corporate HR strategy. She also leads the companys
global leadership development programs.
Prior to her current role, Laurie served as the Organization and Talent Development Leader for GEs Global Growth and
Operations organization, responsible for developing the global talent pipeline from entry level to executive leadership in
key growth markets. She is also the founder and Senior HR Sponsor for GEs Corporate Leadership Staff program (CLS),
GEs premier, leadership acceleration program focused on developing business leadership capabilities and industry
domain expertise for the next generation of GEs global business leaders. In November of 2012, Lauries role expanded
to include responsibility for all global leadership programs across GE.
Laurie began her career with GE Energy in 1992 on GEs Human Resources Leadership Program (HRLP) with her first
assignment off the program as a Plant HR Generalist. She then became the HR Manger for GE Healthcare Latin America
team. In 1998, Laurie was promoted to Director of HR Development for GE Capital, responsible for building the
functional pipeline and leading organization and staffing activities across the business for GE Capital. In 2002, she was
named as a leader in GEs Corporate Executive Development team working on executive slates and development
programs across the company, including the creation of GEs Growth Traits and Employee Engagement initiative. She
became the HR Leader for GE Sensing in May 2005, and assumed additional HR responsibilities for Inspection
Technologies in April 2006 following the merger of these two businesses. Most recently, Laurie served as senior HR
leader for GE Security until the business disposition in March 2010.
Laurie holds a bachelors degree in Public Policy Studies from Duke University and a masters degree in Management
from the Kellogg School at Northwestern University. She and her husband have two children.
T:
E:
W: www.ge.com
Fairfield, CT, 06828, USA
Christoph A. Pereira
Chief Corporate, Securities & Finance Counsel
Mr. Pereira serves as General Electric Company's Chief Corporate, Securities & Finance Counsel. He
oversees all legal matters for GE and its businesses relating to global securities law, corporate
governance, corporate finance and corporate law. Mr. Pereira joined GE in March of 2007.
From 2004 to 2007, Mr. Pereira served as Vice President of Legal Affairs & Secretary of Exelixis, a
NASDAQ-listed biotechnology company based in South San Francisco. He reported to the CEO
and was a member of the Companys executive management committee with responsibility for a
wide range of general counsel duties.
Before joining Exelixis, Mr. Pereira practiced law at Sullivan & Cromwells New York and Silicon Valley
offices from 1998 to 2004. He specialized in mergers and acquisitions, securities law and private
equity.
From 1995 to 1997, Mr. Pereira clerked at the Federal Courts in Austria.
Mr. Pereira received his law degrees from the University of Chicago Law School and the University of
Vienna Law School, and is a CFA charterholder.
Mr. Pereira is a frequent speaker on securities, finance and board related matters. He serves on the
NYSE Governance Council, the Securities Regulation Committee of the New York City Bar Association
and the Executive Committee of the Shareholder Relations Society of New York.
EILEEN M. CAVANAUGH
"EILEEN"
CFO Corporate /Global Operations
GE Corporate
Fairfield, CT
Eileen was born in Long Island, New York. She attended Fairfield University
and graduated with a B.A. Degree in Economics and Political Science in
1989.
After graduation Eileen joined General Electric's Financial
Management Program at Electrical Distribution & Control and had
assignments in Plainville and Puerto Rico. After FMP Eileen held several
finance positions in Puerto Rico, London and Plainville. In 1994 Eileen
joined GE Power Systems in Schenectady, NY as a Program Manager for
Sourcing Finance. In late 1995 Eileen joined Corporate Treasury in Fairfield
as a Project Manager and Analyst. In 1997 Eileen joined Corporate
Financial Planning & Analysis as an Analyst. In 1998 she was appointed
Manager of Financial Planning & Analysis for GE Supply. In 2000 Eileen
rejoined Corporate FP&A as the Senior Income Analyst for Total Company.
In 2004 Eileen was promoted to Manager Corporate Operations &
Controllership. Eileen and her team support the Corporate Functions and
over 50 residual entities. In 2014 Eileen was named CFO Corporate and
Global Operations, expanding her responsibilities to include the Global Ops
business. Eileen is a graduate of GEs Experienced Financial Leadership
Program and has an MBA in International Business from RPI.
Eileen is married to Peter and they have four children a sixteen year old
son, fourteen year old twin daughters and an eight year old boy. She
enjoys spending her time with her family, friends and traveling.
3135 Easton Turnpike W3E
Fairfield, CT 06431
Michelle May
Director, Culture Communications
GE
Michelle May is the director of culture communications for GE. In this role, she is
responsible for strengthening GEs culture by engaging employees and leaders around
GEs strategy helping them to think and act in new ways, pushing our boundaries to create
a simpler, faster GE for our customers, employees and shareholders. Michelle is focused
on creating 360-degree communications programs working together with business,
function and region communicators to deliver better outcomes for our customers. She
leads communications for the Communications & Commercial function and participates in
the Commercial Council supporting its initiatives and best practice sharing. In addition, she
works with commercial leaders and business communications teams to create a consistent
and compelling narrative across GE.
Michelle joined GE in 1995 as communications/health care manager for GE Motors &
Industrial Systems after working for a health care system leading public relations,
community relations, sales and physician recruiting. She has held a variety of
communications, public relations and marketing communications roles across the
company in several industrial and consumer businesses. In 2007, Michelle was named
communications leader for Enterprise Solutions. In December 2009, she transitioned to
leading executive communications and public relations for GE Home & Business
Solutions, IT, GE Advantage, Licensing and Corporate Leadership Staff. In February 2013,
she took on the role of commercial communications for GE Corporate and her role
expanded in August 2013 to include employee communications for GE.
Michelle received her bachelor of science in business from Indiana University and a
masters degree in business administration from Krannert School of Management at
Purdue University.
Michelle is married and has two children.
Sarah is General Manager, Strategy and Growth, GE Corporate HQ.

In this role, Sarah drives change to fortify the companys overall competitive advantage
in the marketplace, including identifying disruptive trends, technologies and market
themes, and leading execution of strategic priorities. Sarah also develops and manages
key strategic relationships for GEs market development. In addition, Sarah leads
FastWorks, GEs tools, principles and platform for delivering speed and customer
intensity.
Prior to this role, Sarah was Executive Counsel in the Chairmans Office. Sarah joined GE
in 2007.
Before joining GE, Sarah was Executive Director of a non-profit organization founded by
then-Senator Hillary Rodham Clinton. The organization was dedicated to developing
entrepreneurs and start-ups in emerging technologies. Sarah started her career as a
policy advisor in the U.S. Senate in Washington DC.
Sarah is a graduate of Georgetown University Law Center and Illinois Wesleyan
University. She lives in Ridgefield, CT with her husband and twin sons.
Chris Drumgoole
Chief Operating Officer
Chris Drumgoole is GEs Chief Operating Officer IT. In this role, he leads the companys IT Infrastructure
teams globally, responsible for the successful operation of the IT systems supporting all of GEs business
units around the world. Additionally he leads GEs enterprise and industrial cloud strategy, including the
companys provider and application transition to the cloud as well as the companys infrastructure
supporting the Industrial Internet and Internet of Things.
Chris has a proven reputation for transforming enterprise IT infrastructure, operating models and
services delivery frameworks.
He joined GE from Verizon Terremark, where he served as Chief Operating Officer and Senior Vice
President of Global Operations with responsibilities including data center commissioning and operations,
service delivery, product development, as well as cloud computing operations across the enterprise. He
also has over 15 years of technology and financial services experience, including design and
architecture work for large retail trading platforms, high-traffic consumer Web properties, and
computing/storage grids, having held leadership and technologist positions with the Toronto Dominion
Bank, IBM, MasterCard International, Cable & Wireless, and Exodus/Savvis. Chris studied Information
Systems at Pace University in New York. He and his family currently reside in Connecticut.
About IT at GE
IT is being reimagined around us and forward thinking companies like General Electric (NYSE: GE) are
leaning in. As IT takes an ever greater role in the world, were finding ourselves at the center of the show,
not just in computing and communication; but manufacturing, finance, transportation and more. Were
no longer here to support the strategy of our businesses; today, IT is a catalyst for shaping that strategy.
At GE, our IT team are the integrators of innovation, process and technology and will redefine the way
business is done.
Ann R. Klee
VP Global Operations - Environment, Health & Safety
GE, Fairfield, CT
Ann Klee is the Vice President, Global Operations Environment, Health &
Safety at GE.
Prior to joining GE, Ann was a partner and co-chair of the Environmental
and Natural Resources Group of Crowell & Moring LLP. Ann served as the
General Counsel of the U.S. Environmental Protection Agency (2004-2006)
and Counselor and Special Assistant to the Secretary of the U.S.
Department of the Interior (2001 to 2004). She also spent time on Capitol
Hill as Chief Counsel to the Senate Committee on Environment and Public
Works.
She has served on the Board of Trustees of the National Park Foundation,
Center for Climate and Energy Strategies, and the Environmental Law
Institute.
Ann received her J.D. from the University of Pennsylvania, and her B.A.
with High Honors from Swarthmore College.
From:
To:
Subject:
Date:
Attachments:

Ash, Jay (EOHED); Kirk, Carolyn (EOHED); Nunnelly, Mark E (DOR); Pham, Nam (EOHED); Distefano, Maria
(MOBD); Servetnick, Adrian (EOHED)
FW: Meeting Confirmation, GE Team & Logistics - Massachusetts
Wednesday, July 29, 2015 7:01:00 PM
May Bio 1-2015.doc
Klee Bio.docx
Commonwealth of Massachusetts bios.pdf
Everybody travelling to Connecticut tomorrow - please see two emails below with information about
our meeting. I have also attached bios for the GE folks as well as the bios on us that we sent over.
Could folks let me know how they are getting there tomorrow? They wanted to have some idea of
number of cars. Any questions please call my cell phone number below. See you tomorrow.
Thanks,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
-------- Original message -------From: "Kulish, Karen (GE, Corporate)" <karen.kulish@ge.com>

Date: 07/21/2015 3:05 PM (GMT-05:00)
To: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>
Cc: "Kulish, Karen (GE, Corporate)" <karen.kulish@ge.com>
Subject: RE: Meeting Confirmation, GE Team & Logistics - Massachusetts
Jay,
I am writing to reconfirm your meeting with us on Thursday, July 30th from 1:30 3:30. The
meeting will be held at our GE Guest House, 3135 Easton Turnpike, Fairfield, CT 06828, and upon
going through Security and obtaining badges you will be directed to the Guest House and parking. I
will be present at the Guest House entry upon the teams arrival to guide folks to the meeting.
I would also ask that the team contact me when they are approx. 10 mins. out. My cell is 203-5981348.
Please let me know if you have any questions.

Thank you,
Karen
Karen Kulish
O:
C:

Fairfield, CT 06828

Jay,


Karen
Karen Kulish
O:
C:

Fairfield, CT 06828
Matthew G. Cribbins
Vice President
2014.
January 2011.
CT.
Laurie F. Bevier

GE Corporate
Fairfield, CT
T:
E: l
W: www.ge.com
equity.
EILEEN M. CAVANAUGH
"EILEEN"
GE Corporate
Fairfield, CT
1989.
Fairfield, CT 06431
Michelle May
GE
Purdue University.

intensity.
in 2007.
Chris Drumgoole
About IT at GE
business is done.
Ann R. Klee
GE, Fairfield, CT
Safety at GE.
Works.
Institute.
COMMONWEALTH OF MASSACHUSETTS

Secretary Jay Ash
Jay Ash serves as the Secretary of Housing and Economic Development for the Commonwealth of
Massachusetts. Secretary Ash is responsible for directing and executing Governor Charlie Bakers agenda
on housing and community development, job creation, business development, consumer affairs, and
business regulation. He previously served as the city manager in his native Chelsea, a position he held
from 2000 to 2014. In Chelsea, Secretary Ashs leadership produced both economic expansion and fiscal
stability. He grew the citys housing stock by over ten percent, expanded its commercial base with two
dozen major projects, led all Gateway Cities with a 15% increase in new employment, developed 10 new
parks, secured five credit rating increases, and won two All-America City designations for Chelsea.
Secretary Ash has led statewide initiatives on health insurance, youth violence, transportation
infrastructure and expanded gaming in Massachusetts. He previously served as co-founder and vicechair of the Metropolitan Mayors Coalition, as past president of the Metropolitan Area Planning Council,
as a board member of the public policy think tank MassINC, the staff director to the Massachusetts
House Majority Leader, and as an elected trustee of his alma mater, Clark University.
Deputy Secretary Carolyn Kirk
Carolyn A. Kirk joined the Baker-Polito Administration in January of 2015 and serves as the Deputy
Secretary of the Executive Office of Housing and Economic Development. In this position, Kirk leads
operational management and shares policy responsibility for the Executive Office of Housing and
Economic Development, the Office of Consumer Affairs and Business Regulation, the Department of
Housing and Community Development, the Mass. Office of Business Development and its ancillary
agencies of Mass. Travel and Tourism, the Mass. Marketing Partnership, and the Mass. Office of
International Trade and Investment. In addition, Kirk is responsible for economic planning and growth in
the Maritime economic sector, oversees the MassWorks grant program, and provides direct support to
the Lieutenant Governors office on a number of initiatives. Prior to her appointment with the
Baker/Polito administration, in 2007 Kirk was the first woman popularly elected as Mayor of the City of
Gloucester. Kirk went on to win three subsequent general municipal elections, never lost a ward or a
precinct in any of her contests, and served as Mayor for seven years. Kirks administration invested
over $100 million in infrastructure thus laying the groundwork for future economic growth. The firstever business class hotel is under construction in the city in a long sought after waterfront location
adjacent to downtown. A new $40 million elementary school, the first one to be built since World War
II and which Kirk led the effort on for seven years, is also under construction in the city. Mayor Kirks
professional career spans over 25 years. She is a long-time management consultant and her clients have
included many of the Top 20 banks in the US, along with Fortune 500 companies. She and her husband
Bill Kirk have two children, Sam, 17 and Baylee, 14. Both are enrolled in Gloucester Public Schools. A
graduate of the Boston College class of 1984, Mayor Kirk was born and raised in Clinton, NY and moved
to Massachusetts to attend college. She moved to Gloucester in 1988 where she still resides, and was
drawn to the diversity and beauty of the city.
Assistant Secretary Mike Kennealy
Mike Kennealy is the Assistant Secretary for Business Growth for the Commonwealth of Massachusetts
in the Executive Office of Housing & Economic Development. Mike joined the Baker-Polito
Administration in March 2015 and brings two decades of experience working with the management
teams of growing companies. He joined Spectrum Equity in 1997 and was a Managing Director of the
firm until early 2013. Founded in 1994 with offices in Boston and San Francisco, Spectrum is a leading
growth private equity firm that provides capital and strategic support to its portfolio companies. During
Mikes more than 15 years at the firm, Spectrum grew from $360 million in assets under management to
$4.7 billion and invested in nearly 100 high growth information services, digital media, software, and
Internet companies. After retiring from Spectrum, he spent two years as Special Advisor to the Receiver
at Lawrence Public Schools. There he worked with the state-appointed superintendent/receiver on
strategic and financial initiatives to support the turnaround plan and developed and managed
relationships with non-profit partners, philanthropic funders, and the municipal government. Earlier in
his career, Mike was an Associate at TA Associates, a Boston-based private equity firm. Mike, his wife,
and three children live in Lexington, where he has served on the Towns finance committee and a variety
of non-profit boards. He has been a member of the Board of Trustees of St. Johns Prep in Danvers, MA
since 2009 and is Vice Chairman of the Board. Mike received an AB magna cum Laude, Phi Beta Kappa,
with High Honors in Government from Dartmouth College and an MBA from Harvard Business School.
Assistant Secretary Nam Pham
Nam recently joined the Baker-Polito Administration as the Assistant Secretary of Business Development
which oversees the Mass. Office of Business Development, Mass. Office of Travel and Tourism, Mass.
Film Office and Mass. Office of International Trade & Investment. Previously Nam was the CEO of
Vietnamese American Initiative for Development (VietAID). Nam has been a commercial banker for
more than 20 years in both lending and credit for premier community banks and large commercial
banks. From 1994 to 2000 Nam served as Commissioner of Massachusetts Office for Refugees and
Immigrants, and Deputy Director of the Massachusetts Office of International Trade & Investment. Nam
earned his BS degree in Business Administration from the University of Minnesotas Carlson School of
Management, and MPA in Political Economy from Harvards Kennedy School of Government.
Regional Director Maria Nigro DiStefano
Maria Nigro DiStefano joined the Baker-Polito Administration in June as the new Northeast Regional
Director for the Massachusetts Office of Business Development (MOBD). MOBD is the states one-stop
source for businesses seeking to relocate to Massachusetts or to expand their current operations
here. It provides businesses with information on site locations, workforce availability, funding and
financing and tax incentives. Prior to joining the Administration, she worked for Boston Main Streets as
a Neighborhood Business Manager where she oversaw the development and implementation of
business strategies and provided technical assistance to local Main Streets managers and
volunteers. She graduated cum laude from Salem State College and earned a BA in Political Science &
Sociology, and she lives with her husband and two children in Rockport.
Program and Communications Coordinator Adrian Servetnick
Adrian Servetnick serves as the Program and Communications Coordinator for the Executive Office of
Housing and Economic Development. He is responsible for data analysis and research, as well as
receiving and responding to press inquiries across EOHED. Adrian received a Bachelor of Arts degree in
Political Science from the University of Washington, Seattle, and previously worked as an intern with
Representative Derek Kilmer (D-WA), and with the House Armed Services Committee.
Massachusetts Department of Revenue
Commissioner Mark Nunnelly
Mark Nunnelly serves as Commissioner of the Department of Revenue. He is responsible for overseeing
nearly 2,000 DOR employees in offices across the state who work in tax administration, child support
enforcement and local services for cities and towns. He was appointed on March 30, 2015.
Commissioner Nunnelly, who also serves as Special Advisor to Governor Baker for Technology and
Innovation Competitiveness, brings a track record of building organizations and growing companies in
Massachusetts and across the country. Commissioner Nunnelly joined Bain Capital, one of the worlds
foremost private investment firms, in 1989 as a Managing Director. He held a number of leadership roles
as part of the firms growth and global expansion and worked extensively in the business services and
technology industries. Prior to joining Bain Capital, the Commissioner was a Partner at the consulting
firm Bain & Company, working in the US, Asian and European strategy practices. Previously, he worked
at Procter & Gamble in product management. Additionally, Commissioner Nunnelly founded, and had
operating responsibility for, several entrepreneurial ventures. He has been deeply involved in a number
of Massachusetts and national philanthropic efforts, with a particular focus on children and national
service. Commissioner Nunnelly received an MBA with Distinction from Harvard Business School and an
AB from Centre College.
From:
To:
Subject:
Date:

Jennifer F. Sullivan (ANF) (Jennifer.F.Sullivan@MassMail.State.MA.US)
FW: Plum
Monday, November 23, 2015 3:26:00 PM
-----Original Message----From: Crystal Torman [mailto:crystal.torman@boston.gov]

Sent: Monday, November 23, 2015 2:29 PM
To: Eisenstadt, Amy (GE, Corporate) <amy.eisenstadt@ge.com>
Cc: John Barros <john.barros@boston.gov>; Kennealy, Michael (EOHED)
<Michael.kennealy@MassMail.State.MA.US>
Subject: Re: Plum
Hi all,
Please find conference call information below:
Dial-in Number:
Meeting ID:
Thanks,
Crystal
Crystal Torman
Senior Advisor to the Chief
Mayor's Office of Economic Development
One City Hall Square, 603
Boston, MA. 02201
O: (617) 635-5708
On Mon, Nov 23, 2015 at 2:23 PM, Eisenstadt, Amy (GE, Corporate)
<amy.eisenstadt@ge.com> wrote:
> Will you guys call me or send a call in number? Otherwise I can do it
> tonight or tomorrow am.
>
> Sent from my iPhone
>
> On Nov 23, 2015, at 12:11 PM, John Barros
> <john.barros@boston.gov<mailto:john.barros@boston.gov>> wrote:
>
> Amy,
>
> Michael and I can make ourselves available tomorrow morning before
> 10:30AM.
>
> Does 9:30AM work for you? If not please suggest a time. Thanks.
>
> On Mon, Nov 23, 2015 at 8:25 AM, Eisenstadt, Amy (GE, Corporate)
> <amy.eisenstadt@ge.com<mailto:amy.eisenstadt@ge.com>> wrote:
> Tuesday morning. Name a time other than 11.
>
> Sent from my iPad
>
> On Nov 23, 2015, at 8:24 AM, John Barros
> <john.barros@boston.gov<mailto:john.barros@boston.gov><mailto:john.barros@boston.gov>>>
> wrote:
>
> Amy,
>
> Michael and I are glad to figure out some time that would work for a call.
> Do you mean a call today when you write "tomorrow morning?"
>
> Johh
>
> On Mon, Nov 23, 2015 at 7:50 AM, Eisenstadt, Amy (GE, Corporate)
> <amy.eisenstadt@ge.com<mailto:amy.eisenstadt@ge.com><mailto:amy.eisenstadt@ge.com>>>
> wrote:
> Thanks for the submission last night. I have reviewed it and the
> regulations for the bond program. I have a number of technical questions
> about the program and the proposal. Can we do a call tomorrow morning to
> discuss?
>
> Sent from my iPad
>
>
>
> -> John Barros
> Chief of Economic Development
> Office of Mayor Martin J. Walsh
> 6th Floor, Room 603
> Boston City Hall, Boston MA 02201
> t: 617-635-5729<tel:617-635-5729>
> http://www.cityofboston.gov<https://urldefense.proofpoint.com/v2/url?u
> =http-3A__www.cityofboston.gov&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_
> RiV3wUrLrDQYWSI&r=H5UBAcrNVbw8cC-NRciouCFogbdFsBHQaW8Swp0XhoM&m=1uZHCl
> D6TJ9Utqq8My3GV6rB3HzaVOzBqpzvC34tpjo&s=Yp8Q2FkaDt5VOCPwk7VwK0U6s0RF3A
> nrXGGa6yjQyZM&e=><https://urldefense.proofpoint.com/v2/url?u=http-3A__
> www.cityofboston.gov&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrD
> QYWSI&r=H5UBAcrNVbw8cC-NRciouCFogbdFsBHQaW8Swp0XhoM&m=yeZwLS-2ZvzF_yUv
> vwNYojMtP8veZ9qUaI_ookgDCKI&s=cN_PGwsTRHc0I3bRzjbl8vq7xcQF6Aun_D0tRlso
> hXI&e=>
>
> SHARE YOUR VISION. SHAPE OUR CITY.
> http://imagine.boston.gov/<https://urldefense.proofpoint.com/v2/url?u=
> http-3A__imagine.boston.gov_&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_Ri
> V3wUrLrDQYWSI&r=H5UBAcrNVbw8cC-NRciouCFogbdFsBHQaW8Swp0XhoM&m=1uZHClD6
> TJ9Utqq8My3GV6rB3HzaVOzBqpzvC34tpjo&s=P8mngFNGSQ-ikKcF-ksivLmgchQU2UQ_
> UGwN65Ddnh4&e=><https://urldefense.proofpoint.com/v2/url?u=http-3A__im
> agine.boston.gov_&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYW
> SI&r=H5UBAcrNVbw8cC-NRciouCFogbdFsBHQaW8Swp0XhoM&m=yeZwLS-2ZvzF_yUvvwN
> YojMtP8veZ9qUaI_ookgDCKI&s=DEmswgJBMCfMzTbh8Bm7W3VEnXvZMRclqCoEmU7WvjI
> &e=>
>
>
>
>
>
> -> John Barros
> t: 617-635-5729
> http://www.cityofboston.gov<https://urldefense.proofpoint.com/v2/url?u
> =http-3A__www.cityofboston.gov&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_
> RiV3wUrLrDQYWSI&r=H5UBAcrNVbw8cC-NRciouCFogbdFsBHQaW8Swp0XhoM&m=1uZHCl
> D6TJ9Utqq8My3GV6rB3HzaVOzBqpzvC34tpjo&s=Yp8Q2FkaDt5VOCPwk7VwK0U6s0RF3A
> nrXGGa6yjQyZM&e=>
>
> http://imagine.boston.gov/<https://urldefense.proofpoint.com/v2/url?u=
> http-3A__imagine.boston.gov_&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_Ri
> V3wUrLrDQYWSI&r=H5UBAcrNVbw8cC-NRciouCFogbdFsBHQaW8Swp0XhoM&m=1uZHClD6
> TJ9Utqq8My3GV6rB3HzaVOzBqpzvC34tpjo&s=P8mngFNGSQ-ikKcF-ksivLmgchQU2UQ_
> UGwN65Ddnh4&e=>
>
>
From:
To:
Subject:
Date:
Kennealy, Michael (EOHED) on behalf of Eisenstadt, Amy (GE, Corporate)

"Morse, Elizabeth"; "Doolin, James"; JPranckevicius; "McDonald, Catherine"
FW: Plum
Wednesday, December 09, 2015 11:44:00 AM
-----Original Appointment----From: Eisenstadt, Amy (GE, Corporate) [mailto:amy.eisenstadt@ge.com]

Sent: Wednesday, December 09, 2015 11:31 AM
To: Eisenstadt, Amy (GE, Corporate); Kennealy, Michael (EOHED); Woodruff, Brent @ Atlanta
Peachtree (Brent.Woodruff@cbre.com)
Subject: Plum
When: Wednesday, December 09, 2015 12:00 PM-1:00 PM (UTC-05:00) Eastern Time (US &
Canada).
Where:
participant code
From:
To:
Cc:
Subject:
Date:
Attachments:

Kelleher, Michael (GOV); Weikel, Adam (GOV); Zarrella, Lily (GOV)
Ash, Jay (EOHED); Kennealy, Michael (EOHED); Kirk, Carolyn (EOHED)
FW: Presentation on why Boston!
MA talent_slides draft1.pptx
Mike: Some quick comments.
Jay, Mike, Carolyn can you please help out on slide 20?
Thx!
Steve
___________________________
p.13: please add Boston University. I think that they are ranked about the same as Northeastern.
p.18: drop the chart at the bottom as the stats presented could be interpreted in a number of ways.
p.19: are there sources for these statements?
p.20: is slide about who has moved here recently or expanded? Thats how I think it should be
titled. I would add Novartis and its enormous new campus in Cambridge, the new Vertex facilities in
the Seaport along with others who have moved to the Seaport, Siemens has a major expansion in
Walpole, BASF has a major facility/expansion in Worcester. (Mike Kennealy, Jay Ash, Carolyn can
you please help out here?)
p.21: I would drop the quote from Barry Bluestone.
p.23: Please include Lincoln Labs and add a slide that has some of the centers at Northeastern, BU,
Tuftsespecially NU. This may be an additional slide?
p.26: This is interesting! What do you mean when you indicate GE under the innovations?
p.27: Can you provide a statement about destinations to key GE locations in the US
p.28: Please do the same for the innovation centers you mentioned internationally? Are there any
direct flights to South America???

Sent: Wednesday, December 23, 2015 3:28 PM
To:
; Ash, Jay (EOHED); Polito, Karyn (GOV); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF);
Povich, Lon (GOV); Kennealy, Michael (EOHED); Peyser, Jim (EOE); Reale, Ann (EOE); Tom Glynn;
Morse, Elizabeth; jdoolin@massport.com; Conroy, Jim (GOV); Buckley, Timothy (GOV)
Cc: Kelleher, Michael (GOV); Zarrella, Lily (GOV); Weikel, Adam (GOV)
Subject: Presentation on why Boston!
Governor, Lt. Governor and colleagues:
Attached is terrific presentation on Why Boston/The War for Talent as it relates to the Boston
project.
I want to thank those that have provided the source information.
And I want to especially thank our newest member of the Cabinet Relations team Michael Keller,
along with support from Lily and Adam to put this presentation together.
Comments, edits, further additions welcome.

Please share your thoughts with Michael, Adam, Lily and me.
I will share this now with the folks from the City.
Best,
Steve
From: Kelleher, Michael (GOV)

Cc: Zarrella, Lily (GOV); Weikel, Adam (GOV)
Subject: RE: draft for your review
Steve,
Please see attached for your review a draft slide deck for discussions with GE. You will find herein 30
slides (25 or so with real content). I am not 100% sure the length of time that is available but these
are the slides I would present as the most compelling for why Boston?
I am around all day if you want to discuss further or have specific edits/suggestions.
Look forward to your feedback.
Thanks,
Michael

Sent: Monday, December 21, 2015 11:18 AM
To: Kelleher, Michael (GOV); Zarrella, Lily (GOV); Weikel, Adam (GOV)
Subject: FW: Any idea of timing for War on Talent materials?
Impressive!
And very much on the right track.
More ideas:
1. Please take a look at the GE website and other sources to see about themes, and other info
that may be relevant. I am hearing on their ads that GE is your industrial and tech
company. For example, the health group and the energy group (Current) are or will be
locating here. What are the other parts of GE that would find the MA ecosystem attractive?
2. I am hearing that Massachusetts is a leader in robotics and industrial design. Can you find
3.
4.
5.
out more and present how this would be attractive to GE?

There are some more War on Talent slides that Adam would have.
Can you check on where the top firms go for their recruitment?
Please develop a list of the various institutes on health, tech, innovation, engineering, etc.
Please check the university websites. Broad, MITs Center for the Brain, etc.
Good stuff!
I will provide more feedback, but please keep going.

Sent: Saturday, December 19, 2015 10:49 PM
Subject: RE: Any idea of timing for War on Talent materials?
Steve,
Attached are some slides Lily and I put together in the last day or so for your review and comment. I
will look into your questions below re: total # of engineers and scientist going to school in the
Boston area. The slides attached do not have that data but I will dig up tomorrow.
Look forward to your review and guidance,

Michael

Sent: Friday, December 18, 2015 6:28 PM
To: Kelleher, Michael (GOV)
Subject: Re: Any idea of timing for War on Talent materials?
If you aren't already, please look at US News and World Report.
Can you also research the # of scientists, engineers who:

-work in the area and a comparative % of the total in the US, World, or whatever makes sense
-were educated in the area
Total # of engineers and scientists going to school in the Boston metro area and how many
graduate each year and what % that may be of the total in the US
More to come!

Great!!
Sent from my iPhone
On Dec 18, 2015, at 4:14 PM, Kelleher, Michael (GOV)
<Michael.Kelleher@MassMail.State.MA.US> wrote:
Steve,
Thanks for the additional guidance for the war on talent materials. Lily and I were able
to add a few slides based on previous direction you and Adam provided. We are going
to plow through the list of additional items (as outlined below, assigned to Lily or
myself) and will send you a revised PPT later this evening/first thing tomorrow for your
review and additional edits.
list of universities in the top 50 - mk

list of the top colleges - mk
Top 10 engineering schools - mk
Top Schools for Innovation in the United States- mk
Top schools or departments for the sciences - mk
# of international students going to school in Boston, what specialties - mk
Top academic medical centers - mk
List of GE locations around the country/world and an indication of how many of
their leaders went to school here mk
# of international patients traveling to Boston AMCs to receive care mk
Insert language from innovation one pager that HED put together - Lily
List of all the bio tech, IT, pharma, etc firms that have determined to locate, grow
here in the last few years. (Vertex, Shire, Novartis, Pfizer, Siemens...and all the small
firms) - HED
Locations of all the company's national and international locations with a map
showing flights from Logan - Massport
Thanks,
Michael
-----Original Message----From: Kadish, Steven (GOV)

To: Weikel, Adam (GOV)
Cc: Kelleher, Michael (GOV); Zarrella, Lily (GOV)
Adam, Michael, Lily,
Ok for you to add more slides on the war on talent idea. I am remembering a pretty
rich set of them that we cut back on in later versions. More to review/include is better
now.
Include a list of universities in the top 50? Also a list of the top colleges?
Top 10 engineering schools?

Top schools for innovation?
Top schools or departments for the sciences?
# of international students going to school in Boston, and if possible in what
specialties? I remember lists that would show this.
Top academic medical centers?
Include information where the top firms go to recruit talent?
List of GE locations around the country/world and an indication of how many of their
leaders went to school here?
...you get the idea!!
Sent from my iPhone
> On Dec 18, 2015, at 8:29 AM, Weikel, Adam (GOV)

<adam.weikel@MassMail.State.MA.US> wrote:
>
> Great!
> I added a few slides overnight and brought Michael into the loop this morning.
> He will keep building and send us something revised this afternoon. He is also able to
help and edit over the weekend.
>
>
>
> -----Original Message----> From: Kadish, Steven (GOV)
> Sent: Friday, December 18, 2015 6:46 AM
> To: Weikel, Adam (GOV)
> Subject: Re: Any idea of timing for War on Talent materials?
>
> Not a problem!
> We may have more time and I will let you know.
> Please think if this is something to assign to Michael. It may be good to see what he
can do with something like this!!
>
>
>> On Dec 17, 2015, at 9:55 PM, Weikel, Adam (GOV)
>>
>> Thanks Steve. Good to hear we have a little more time.
>>
>> I know this is an important assignment and I feel guilty responding with an excuse.
I'm usually all over these kinds of assignments, but we are driving to North Carolina on
Saturday/Sunday for a week with the family.
>> I can find a couple more hours to work on it Friday but I just don't think I can do any
major work by Monday.
>>
>> I will review the info from Sec Ash to see what I can incorporate and I'll try to add a
couple more slides to fill-in the story.
>>
>> I hope this isn't a huge problem.
>> -Adam
>>
>>
>> -----Original Message---->> From: Kadish, Steven (GOV)
>> Sent: Thursday, December 17, 2015 6:19 PM
>> To: Weikel, Adam (GOV)
>> Subject: RE: Any idea of timing for War on Talent materials?
>>
>> Wow!
>> This is terrific!
>>
>> We just got the word that rather than making a decision this week, that they will not
make a decision until mid-January.
>> So both the good and bad news is that we have more time.
>>
>> With this in mind, what further would you do by Monday?
>>
>> -----Original Message---->> From: Weikel, Adam (GOV)
>> To: Kadish, Steven (GOV)
>>
>> I'm sorry it is so late.
>> We only had a 20 min break midday and 10 minutes in the afternoon.
>> Attached is what I came up with
>>
>>
>>
>>
>> Subject: Any idea of timing for War on Talent materials?
>>
>> Thx.
>>

Your hub for Top Talent
Talent Landscape
The world (and the workforce) is changing!
Lets face it. There are 80 million Baby Boomers who are going to
retire over the next 5-7 years, and theyre going to be replaced by
40 million Generation Xers. Thats 2 to 1, so youd better be
developing your next generation now if youre going to be ready
for that transition.
- Michael White, Chairman, President, CEO, The Directv Group, Inc
Talent mobility: 2020 and Beyond, PWC, (2012) PwC 15th Annual CEO Survey
Talent Needs?
Massachusetts is positioned to meet them!
Talent management has become a headache for CEOs, with only 30%
saying that they have the talent they need to fulfill their future growth
ambitions.
It is hardly surprising, then, that talent
management is right at the top of CEOs
agendas. Two-thirds say that they plan
to devote more attention to developing
the talent pipeline and the future leaders
of their organization
78% said they expected to see changes
in the way their company manages talent
in the near future.
The War for Talent (2001). McKinsey & Company Inc.
GenY is here & GenZ is on their way!

Are you ready for them? (Massachusetts is!)
The millennial generation is now entering employment in vast
numbers, will shape the world of work for years to come. Attracting the
best of these millennial workers is critical to the future of your
business. Their career aspirations, attitudes about work, and
knowledge of new technologies will define the culture of the 21st
century workplace.
Millennials matter because that
are not only different from those
that have gone before, they are
also more numerous than any
since the soon-to-retire Baby
BoomersBy 2020, millennials
will form 50% of the global
workforce.
Millennials at work, Reshaping the Workforce, (2011). PWC
Millennials have made their impact on the way GE

recruits, inspires and designs products
In order to adjust to the needs of emerging leaders,

companies are moving beyond the traditional, closed
model of innovation and embracing a new paradigm
that is more collaborative, creative, and focused on
delivering local solutions.
GE Artistry Series, GEs designers focus on the needs

of Millennials and their desire to uniquely express
themselves. Inspired and created by a 27-year-old GE
industrial designer with his own generation in mind.
GEs new commercials are aimed at showing tech

minded millennials that theyre the place to work if
you want to make a real impact on the world. GEs
new television commercials tell the story of Owen, a
millennial software developer and his new job at GE.
5
A 135+ year old company can only

survive if it is constantly re-engineering
not just its product portfolio, but its
culture as well," said General
Electric spokesperson Laura Paredes.
Millennials comprise a significant

number of first-time homebuyers; in
fact, the 25- to 34-year-old age group
make up the largest proportion of
homebuyers.
GE..Manufacturer.Yes, GE makes
powerful machines but I will be writing
the code that will allow those machines
to share information with each other.
Likewise, Millennials have made their impact

on the way Boston governs, educates and
inspires
Boston is at the center of the innovation universe

with all the right ingredients to continue to lead
Best universities in the nation
Strong pipeline of emerging talent
Boston
Highly skilled workforce
Top destination for international students
Top academic medical centers
Research centers that attract the brightest minds in the world
Number #1 in STEM degrees granted, per capita
Worldwide leader in medical professional training
World renowned business incubators
Number 1# U.S. state recepient, per capita, of federal research funding
Long standing government commitment to recruiting and inspring Millenials
Significant seed money and investment capital availale for funding for new
compaines
Strong public-private partnerships focused on housing, lab and office space
development
Recent investment and long-term strategy to expand international air travel
capacity, particularly to Asia
Meeting the needs of your employees

Greater Boston has what your workforce wants!
Location plays a key role in attracting top talent and ours
provides a culture which naturally appeals to the recruitment and
retention of the millennial generation.
What we have
A strong and diverse economy in both growing and stable industries

Highly educated and skilled employment base
Unemployment rate that is and has been below the national average
Solid pipeline of students as Massachusetts ranks in the top 5 in Best High Schools in successfully
preparing students for college
World renowned hospitals with two in the top ten 2015-2016 U.S. News and World Reports
(Massachusetts General Hospital & Brigham and Women's Hospital)
A fertile ground for recruitment of established medical professionals with six of Bostons largest
private employers are teaching hospitals
A federal research funding pipeline second to only California in NIH funding per state, per capita
The brightest Millennial minds are working on life-saving treatments, devices and advanced
technologies as Massachusetts is home to more than 400 biotechnology and medical device
companies
8
Massachusetts has been a national leader in

recruiting and inspiring millennials
Over 46% of incoming freshman are from outside the state
Nationally, Massachusetts ranks in the top 5 in both completed Masters
degrees and Doctorate degrees
Due to Bostons world-class educational offerings and emerging industries, Boston is home to the
highest proportion of young adults out of any major city in America with over 35% of Bostonians
between the ages of 20-34.
Recognizing the importance of this demographic, the City of Boston launched a special initiative
called, ONEin3, in 2004 to support grow and empower Bostons young adult population.
In its 11th year ONEin3 serves to engage Bostons young adults through opportunities to participate in
city government and civic affairs, facilitate communication between young adults and the citys
leadership, and support a culture which naturally appeals to the recruitment and retention of the
millennial generation.
Leadership understand that it is not only important to draw the brightest minds to the
Commonwealth, but inspire them to stay.
9
The Millennials targeted by Onein3 Boston are the

lifeblood of the city and the foundation of our future
32% speak a
language other
than English at
home
35% of Bostonians are between the

ages of 20-34
They contribute
more than $1
billion to the
Gross City
Product
60% were born
outside of MA
26% were born
outside the U.S.
They make
up 48% of
the citys
workforce
94% have a high

school diploma,
48% have a
bachelors
degree or higher
Boston is an international city that is a great place

for Millennials to live, work and be inspired!
One example of the result of Bostons desire to be a popular destination for
Millennials to live and work was the decision of former Mayor Menino to
broadcast the 2010 World Cup on City Hall Plaza.
The Boston Globe
GLOBE EDITORIAL
World Cup: Boston shows its international face
June 15, 2010
Walking around downtown, Bostons international character is barely visible.
So Mayor Meninos plan to broadcast the World Cup finals on City Hall Plaza
and the explosion of interest in the tournament, replete with costumes
and flags, at downtown sports bars is a welcome expression of the citys
makeup.
The fact that Boston is among the most international of American cities is not
evident at most times in its public center, amid all the tourist sites, office
towers, and expense-account steakhouses. But Boston is a diverse city, more
even in terms of national origin than race: while about 1 in 6 Massachusetts
residents is foreign-born, in Boston that number is closer to 1 in 3.
The World Cup gives Boston a chance to show its true face. From Roslindale
to Beacon Hill, thousands of people have taken to the streets wearing the
colors of their ethnic homelands and proudly supporting their favored squads.
The citys melting pot will be on even greater display most prominently July
11, when a multinational crowd of fans will converge on City Hall. The scene
11will be festive and multi-cultural and truly Bostonian.
The Milken Institute identified MA as the top tech &

science state across five major economic factors
Based on Five Major Factors
12
Human Capital: Who is investing in Human

Capital?
Risk Capital: Who has been successful in

converting research into products and
services?
Research and Development Inputs: Which

states have R&D capacity to attract funding?
Technology Concentration: Who has been

successful at turning assets into prosperity?
Technology and Science Workforce: Where

are the best places to find high-tech talent?
U.S. News & World Report: Nine Massachusetts

Schools in the Top 100 National University Rankings
#2
#7
#27
#34
#47
#57
#75
#30
#75
13
Boston is the center of STEM education: Both the

national leader in STEM degrees granted and top
ranked universities in STEM
STEM (Science, Technology, Engineering & Math)
MA is #1 nationally in STEM graduate and professional degrees granted per capita

Two Massachusetts universities rank in the top five best graduate schools for
math: Massachusetts Institute of Technology (#1) and Harvard University (#3)
Science
MA is #4 nationally in number of Science graduate and professional degrees granted

Three Massachusetts universities rank in the top 25 of the best schools for computer
science: Massachusetts Institute of Technology (#1) , Harvard University (#18) and
University of Massachusetts Amherst #25).
Engineering
MA is #5 nationally in number of Engineering graduate and professional degrees granted

Four Massachusetts universities rank in the top 50 engineering schools : Massachusetts
Institute of Technology (#1) , Harvard University (#20), Boston University (#37) and
Northeastern (#43).
14
Thompson Reuters The World's Most Innovative

Universities: Boston has two of the top five schools
Rankings based in patent volume, patent success, global patents, patent citations, patent citation
impact, % of patents cited, patent to article citation impact, industry citation impact, percentage of
industry collaborative articles and total web of science core collection papers.
Ranking
#2
#3
#57
#59
Patents Filed
1,222
761
236
149
Patents
Granted
46.4%
35%
38.1%
28.9%
Commercial
Impact Score
150.3
102.5
53.2
53
15
Boston is the third most popular destination for

international students
The number of international students nationwide grew at the fasted rate in 35 years
increasing by 10% over the previous year.
The surge of international student brought the total number of foreign students in
Boston to 47,895, up from 43,801 the previous year.
With 55,447, Massachusetts ranks #4 in the number of foreign students
86% or 47,985 attend

a metro-based school
Northeastern (10,559)
Boston University (7,860)
Havard University (5,749)
MIT (4,220)
Umass Amerst (2,352)
The majority of international students are from China, followed by India, South Korea,
Canada and Saudi Arabia.
Eight Massachusetts colleges/universities have over 10% of international students
within their student body
16
17
Nearly 40% of the MA workforce is employed in the

innovation economy- more than any other state
Massachusetts added roughly 50,000 new innovation economy jobs since 2006
Science & Engineering occupations make up 6.5% of all occupations in

Massachusetts, a higher percentage than in any other Leading Technology
States. This has steadily increased since 2003 in Massachusetts
During 2011 2012, the Commonwealth attracted a higher share of collegeeducated adults to the state when compared to other LTS. This statistic counters
recent trends which pointed to a brain drain of MA
Employment By Industry Sector: MA 2009-2013
18
MassTech 2014 Innovation Economy Index
Seed and investment capital for

funding for new companies
19
Massachusetts is THE destination of the world's most

innovative, dynamic and leading-edge companies
Announced plans to create a new 23,000

square foot drug delivery and device innovation
center in Cambridge with a planned staff of 30
scientists and engineers.
Announced expansion of its research center

in Kendall Square with plans to add more
jobs to its 180 employees in Cambridge.
Announced relocation of its

corporate headquarters from
Phoenix, Arizona to Cambridge.
Announced the formation of a new global innovation

and R&D center in Cambridge that began operations at
the end of 2014 with plans to employ over 400 people.
Announced the creation of a $25 million, five-year

research alliance with MIT and is moving its U.S. R&D
headquarters to Cambridge from its current
headquarters in Westchester County, New York.
Announced a $335 million joint venture with CRISPR

Therapeutics to develop treatments for blood
disorders, blindness and congenial heart disease with
20
plans to employ 40-50 people.
Massachusetts is a top incubator of cutting edge

life science and technology companies
If you can attract small companies that are on the cutting edge of research, the
big companies will follow because they want a front-row seat,
- Barry Bluestone, Northeastern University economist
Massachusetts has won a third of all U.S. seed stage funding for biotech from 2009 to 2013- more
than $761 million (2015 MoneyTree Report, a joint study produced by PwC and the National Venture Capital
Association)
Nine of the worlds 10 biggest drug companies have opened offices or research and development
labs in Massachusetts over the past few years
R&D jobs in the Massachusetts Biotech industry have grown more than 21% over the last few
years, nearly three times the U.S. rate
In the last year, Massachusetts has committed up to $88M in matching funds for the
implementation of public private research projects, under the federal National Network
Manufacturing Innovation advance manufacturing competition.
The bottom line: State subsidies for startups helped Massachusetts win more than $761
million in seed stage biotech funding from 2009 to 2013- Bloomberg Businessweek
21
Infrastructure for Supporting Innovation: Life

science, engineering and technology incubators
Greater Boston possesses mature and expanding

infrastructure for supporting innovation
Cambridge Innovation Center:
Companies originally
headquartered at CIC have
created between $3.5b and $4.3b
in publicly disclosed exit value
since 2001 cic.us
LabCentral: A Launch Pad
for high potential, high
growth Life-Science and
Biotech startups. Alumni
companies have attracted
over $100 million in
combined venture funding.
xconomy.com
GreenTown Labs: The Countrys

largest cleantech incubator.
Greentown has housed nearly 50
organizations since 2010.
Together have raised over $25M
and employ over 100 people
greentownlabs.org
22
Infrastructure for Supporting Innovation: Life

science, engineering and technology research centers
Highlights of several research centers
current research include:
Projects included physical electronics, microwave
physics, electromagnetic properties of matter,
and microwave communication principles. The
"Rad Lab" designed almost half of the radar
deployed in World War II, created over 100
different radar systems, and constructed $1.5
billion worth of radar.
The McGovern Institute for Brain Researchs
mission is to understand how the brain works
and to discover new ways to prevent or treat
brain disorders
The Institutes core facilities include the Martinos
Imaging Center, which provides neuroimaging
technologies for human and animal research,
including magnetic resonance imaging,
electroencephalogram and
magnetoencephalography.
23
Kendall Square, the most innovative area in the world,

and growing
Boston, Cambridge are ground zero
for life sciences
A new Kendall Square envisioned in

$1.2b MIT plan
MARCH 16, 2015: BOSTON-CAMBRIDGE is ground zero

for the development and deployment of many of the
bleeding edge life science discoveries and
technologies. One corner alone, Vassar and Main
Street in Cambridge, will likely generate 1 to 2 percent
of the future world GDP.
On a per capita basis, nowhere else comes close in
terms of research grants, patents, and publications
that drive new gene code, which in turn alters the
evolution of bacteria, plants, animals, and ourselves.
JULY 28, 2015: The plan, six years in the making, calls for
six new buildings on what is now a string of parking lots
along Main Street. In addition to academic and business
uses, the complex would include apartments for graduate
students and low-income tenants, stores, and a treecovered plaza near the Charles River.
Vassar and Main: The World's Most Innovative Intersection
NOEMBER 2, 2015: If one had to pick a single corner, anywhere on the planet, as
the most innovative and productive crossroads in history, the intersection of

Vassar Street and Main Street, in the new world's Cambridge, Massachusetts,
would be a leading candidate
24
Boston-area academic medical centers are driving

the Boston economy and A
are a worldwide leader
medical innovation
Coalition of 14 Boston-area teaching
hospitals
Beth Israel Deaconess Medical Center

Boston Childrens Hospital
Boston Medical Center
Brigham and Womens Hospital
Cambridge Health Alliance
Carney Hospital
Dana-Farber Cancer Institute
Faulkner Hospital
Lahey Clinic Medical Center
Massachusetts Eye and Ear
Massachusetts General Hospital
St. Elizabeths Medical Center
Tufts Medical Center
VA Boston Healthcare System
Bostons academic, professional medical enterprise

and business climate thrives from a culture of
innovation, commitment to new discovery and
scaling thee innovations to patients across the globe.
Healthcare professionals around
the world begin in Boston
#1 in the # of residents and fellow trained, per capita
#3 in the # of primary care doctors trained, per capita
#1. Massachusetts General

Hospital
#6. Brigham and Women's
Hospital
25
Many of the innovations produced on a the global

scale have been supported
A by MIT-based research
and graduates
X-Ray Machine: William D. Coolidge
Attended MIT from 1891-1896
Research assistant at MIT from 1899-1905
Researcher at General Electric in 1905
Director of GE research laboratory in 1932
Vice-President of GE in 1940
GE HEALTHCARE
Brian Wardle
Director of MIT's NanoEngineered Composite
aerospace STructures
Consortium, and is a principal
member of the Technology
Laboratory for Advanced
Materials and Structures
GE AERONAUTICS
Geophysical
Analysis
Group
founded at
MIT
GE OIL
GE joined with MIT to create a

Medical Electronic Device
Realization Center to drive
revolutionary improvements in
medical imaging systems and
devices that take medical
diagnosis, treatments and
monitoring.
GE HEALTHCARE
1986
1861
1905
1892
General Electric
Founded
MIT
Incorporated
1936
Invention of the transistor
which became the basis
for the electronic age.:
William Bradford Shockley
received his Ph.D. degree
GE ELECTRONICS
2011
1954
1971
Arthur Thomas Ippen
developed
Hydrodynamics Laboratory
and built up a research
program
GE ENERGY
26
2001
MIT graduate Yet-Ming Chiang
developed technology with
materials that would allow
batteries to produce more
power and charge more quickly
GE ELECTRONICS
Boston Logan has Nonstop

Domestic Service to 75 Destinations
27
Note: Includes Seasonal Service, Source: OAG & Innovata Schedules
Boston Logan has Nonstop

International Service to 53 Destinations
28
Logan Airport is a crucial and expanding connection

to the global marketplace
Logan Airport has increased the number of nonstop
international markets served by 142% since 2006 rising to 51
markets served in 2015.
Logan is preparing for more international service and connections to new markets
International interest and activity continues to grow

32% growth in international passengers from 2010 to 2014
$160 million modernization project underway in Terminal E
Will upgrade three gates to serve A380s for Emirates, British Airways and
Lufthansa
$500 million Terminal E expansion project in development
Will add 500,000 square feet of terminal space and 5-7 new international
gates to accommodate increased international flights
Currently, in permitting phase; construction anticipated 2016-2018
29
Boston is at the center of the innovation universe

with all the right ingredients to lead the world
for we must consider that we shall be as a City upon a
Hill, the eyes of all people are upon us.

John Winthrop's
City upon a Hill
1630
Were a global leader in health care, biotechnology, high

technology, education, finance, energy efficiency and
advanced manufacturing
The time has come to write the next chapter in the history
of this great Commonwealth. To build on what makes us
great.
Gov. Charlie Bakers
Inaugural Speech
2015
30
From:
To:
Subject:
Date:
Attachments:

Servetnick, Adrian (EOHED)
FW: Project Plum -- Boston RFI
Friday, July 24, 2015 9:43:00 AM
Boston RFI - Plum (2) (1).docx
Adrian FYI - I will work with Mike on finalizing (this needs work) but
sending to you now in case anything in here that's helpful.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
-----Original Message----From: Quinlin, Michael (MOTT)
Sent: Thursday, July 23, 2015 5:46 PM
To: Kennealy, Michael (EOHED); Pham, Nam (EOHED)
Subject: RE: Project Plum -- Boston RFI
Hi Mike and Nam,
Here is the completed form. I ended up putting reference links to some of
them in case you have time to dig deeper.
Any questions about the material herein, let me know.
Best,
Mike
________________________________________
Sent: Thursday, July 23, 2015 5:08 PM
To: Quinlin, Michael (MOTT); Pham, Nam (EOHED)
FYI apparently they want this tomorrow so would be great to get this very
soon so we can review then send.
Mike Kennealy
Executive Office of Housing & Economic Development One Ashburton Place,
Room 2101 Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
-----Original Message-----
From: Quinlin, Michael (MOTT)

Sent: Wednesday, July 22, 2015 6:22 PM
Hi Mike,
I can work on the remaining info on Thursday morning.
Mike
________________________________________
To: Pham, Nam (EOHED); Quinlin, Michael (MOTT)
Nam, Michael thank you. Question how and when can we get the
remaining items filled in?
Best,
Mike
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762
michael.kennealy@state.ma.us<mailto:michael.kennealy@state.ma.us>
From: Pham, Nam (EOHED)
Subject: FW: Project Plum -- Boston RFI
Please see the attached.
From: Quinlin, Michael (MOTT)
To: Pham, Nam (EOHED)
Nam,
Ive added data to this file, youll see the new material in red, just so
you can differentiate from the existing info from Monday.
I see the deadline is this afternoon so Im sending what I have to date.
If the HED crew need me to track down anything else, let me know and I can
do that.
Thanks,
Mike

Sent: Monday, July 20, 2015 9:21 PM
To: Quinlin, Michael (MOTT)
Hi Mike,
Can you help with this information? Thanks
Best Regards,
Nam Pham
Assistant Secretary of Business Development & International Trade
Massachusettts Executive Office of Housing & Economic Development
10 Park Plaza, Boston, MA 02116
617-352-8435 (Cell)

To: Pham, Nam (EOHED)
<nam.pham@MassMail.State.MA.US<mailto:nam.pham@MassMail.State.MA.US>>;
<Adrian.Servetnick@MassMail.State.MA.US<mailto:Adrian.Servetnick@MassMail.
State.MA.US>>
Nam, Adrian,
I wanted to send this along and ensure that we are all on the same page
re: Project Project
- Nams office is going to fill out the attached RFI so that we

can provide GE with all the data points they are requesting. We should
send this to them ahead of the meeting, say Monday of next week so, Nam,
can MOBD fill this out and send it back to me by end of day Wednesday?
This will also help with . . .
- Adrian is creating the presentation deck that we will use in
the meeting this will cover a bunch of topics discussed with Jay today
plus, Nam, I will include some content from the EDIP slides. Adrian,
please take a look at their requested data points, and if any of these
prompt ideas for slides or other analysis lets discuss.
- Adrian - Nam also said that there is a researcher in his office
who has access to all sorts of data; so if any of the interns run into
roadblocks or need help they should reach out to MOBD. Nam, who is the
person you are thinking of?
Any questions please let me know.
Mike
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762
From: Ash, Jay (EOHED)
Sent: Tuesday, July 14, 2015 12:01 PM
FYI
From: Klee, Ann (GE, Corporate) [
Sent: Tuesday, July 14, 2015 9:52 AM
Subject: Project Plum -- Boston RFI
Jay,
As promised, Ive attached a version of the RFI for Boston that includes
the information that we have gathered during our internal due diligence.
Please feel free to amend and supplement as appropriate. I would also be
happy to set up a call with you and your team over the next week to answer
any questions you have and/or discuss the RFI and your presentation at the
end of the month.
Regards,
ann
PROJECT PLUM: REQUEST FOR INFORMATION

STATE: Massachusetts
COUNTY: Suffolk County
CITY: Boston
#
Criteria
Units of Measure
State/County Data
1.
01
Populati
on
Populati
on
Growth
20052015
Projecte
d
Populati
on
Growth
20162020
Domesti
c
migratio
n rate
Regional
diversity
rank
Size of
Labor
force
within
County
Real
Estate
Foreclos
ure Rate
Median
Home
Value
(and
basis for
estimate
)
Median
Rent
(Cost per
Calendar
Month)
Median
Househo
ld
1.
02
1.
03
1.
04
1.
05
1.
06
1.
07
1.
08
1.
09
1.
1
Response
No. of People
4.7 Million in Boston-Cambridge-Newton metro area as of 2013 (US Census

Bureau)
% Growth
2.6% growth in Boston-Cambridge-Newton metro area from 2010 to 2013 (US

Census Bureau)
% Growth
Suffolk Countys population is projected to increase by 240,000 or 16% between

2010 and 2035
http://suffolkcountyny.gov/Portals/0/planning/CompPlan/vol1/vol1_chpt2.pdf
2.3% migration from Massachusetts to other US states at % of population in 2013

(US Census Bureau)
Rank
Boston ranked # 32 in Wallethub's 2015 study of cities with most and least ethnoracial and linguistic diversity
% of Population & No. of

People
617,466 workforce (June 2014)
2014 HUD rate
2015 USD
2013
2015 USD
1 in every 3040. US Labor Statistics
$389.8K 2014 median home value in Boston-Cambridge-Newton metro area

(National Association of Realtors)
$2,400
http://www.zillow.com/suffolk-county-ma/home-values/
$83,867 median household income in Massachusetts from 2011-2013 (US Census

Bureau)
Income
1.
11
1.
12
1.
13
1.
14
Increase
in
Househo
ld
Income
20102015
Per
Capita
Income
Percent
Below
100%
Federal
Poverty
Level
Drug
Abuse /
Sale /
Possessi
on
Statistics
(per UCR
program
)
1.
15
Top 2
School
Districts
including
State
Rank
1.
16
Unemplo
yment
Rate
1.
17
1.
18
1.
19
20102015
Increase
in
Employ
ment
Cost of
Living
Index
(closest
urban
area)
Commer
cial real
estate
average
cost per
foot
2015 USD
3.7% wage gain, 29th highest in USA

http://www.bls.gov/regions/new-england/newsrelease/countyemploymentandwages_massachusetts.htm
2015 USD
$61,992. http://data.bls.gov/cgi-bin/surveymost
20.8%
909.8 per 100,000
District & Rank
20.8%
2009-13
http://quickfacts.census.gov/qfd/states/25/25025.html
909.8 per 100,000

http://wwwn.cdc.gov/CommunityHealth/profile/currentprofile/MA/Suffolk/31005
2
Ratings 1-5, with 1 being highest and 5 lowest in terms of proficiency.

http://www.doe.mass.edu/
Revere Level 2
Winthrop Level 2
Chelsea Level 3
Boston Level 4
% & No. of Persons Affected
3.8% unemployment as of April '15 in Boston-Cambridge-Newton metro area

(Bureau of labor statistics)
4.6% unemployment in Suffolk County, Dec 14
http://www.cityofboston.gov/images_documents/SandP%202015ratingsreport.pdf
% / Total Number of Jobs
3.7% gain between 2nd quarter 2013-14.

US Census Bureau
Cost of living index of 132.5 as of 2010 in Boston-Cambridge-Newton metro area

(US Census Bureau)
2015 USD
$413 sf in Boston
http://www.trulia.com/real_estate/Boston-Massachusetts/market-trends/
1.
2
1.
21
1.
22
County
& State:
Standard
& Poor
Bond
Rating
Business
friendlin
ess
ranking
(CNBC &
Forbes)
Name
and # of
Fortune
1000
compani
es in
nearest
metropo
litan
area
State ratings: CNBC 2015: 7 | Forbes 2014: 13
Appendix 1
9 in Boston, 25 total in Massachusetts. See Appendix 1.
NOAA National Centers

for Environmental
Information
https://www.ncdc.noaa.g
ov/billions/events
Dollar Figure is Damage
Amount.
Hurricane Sandy 2012

-$67 billion
Hurricane Irene 2011
-$14 billion
Flooding 2010
-$2 billion
Severe Weather and Flooding 2011
-$3 billion
Tornado 2011
-$50.3 million
Snowstorm October 2011
-$3 billion
Winter Snowstorm 2014
-$2 billion
-$2.5 billion
1.
23
History
of
Natural
Disasters
(Last 10
Years)
Tax Considerations
2.
01
2.
02
Total (all
applicabl
e
jurisdicti
ons)
millage
rate for
business
real and
personal
property
Assessm
ent ratio
for
business
MA rated AA+ by S&P in 2014

Boston rated AAA on 4/1/2014
http://www.cityofboston.gov/images_documents/SandP%202015ratingsreport.pdf
Number
Boston Tax Rate: Residential is $12.11; Commercial is $29.52 per thousand dollar
value
Chelsea: Residential $14.40; Commercial $33.45
Everett: Residential $14.61; Commercial $39.45
Winthrop: Residential $14.34; Commercial $14.34
http://www.bizjournals.com/boston/blog/bbj_research_alert/2015/01/massachus
etts-property-tax-rates-in-2015-by-town.html
Percentage
2.
03
2.
04
2.
05
2.
06
2.
07
3
3.
01
3.
02
3.
03
3.
04
3.
05
real and
personal
property
Local
Business
Tax
Local
Personal
Income
Tax
Local
Sales Tax
Rate (if
applicabl
e)
State
personal
Income
Tax
State
corporat
e Income
Tax Rank
Yes or No
No
Yes or No
No
Yes or No
No
If Yes, %
State income tax based on $50K salary: 5.2%
Rank
Ranked # 24 in 2015 by taxfoundation.org
Workforce/Talent
Average
Age of
Populati
on
Populati
on Age
18-45
Age 18 &
Over
Enrolled
in
College /
Graduat
e School
Percent
of
populati
on with
high
school
degree
or higher
(Includes
Equivale
ncy)
Percent
of
populati
on with
bachelor
's degree
or
Age in Years
Average age 31 (Suffolk)

(39 in Massachusetts)
Percentage of Workforce
79% of workforce is 18+
Couldnt find any matrix on this question.
83.9% Suffolk County 2009-13

90.6% of population in Boston-Cambridge-Newton metro area with high school
degree or higher
40% Bachelors degree or higher 2009-2013

43% of population in Boston-Cambridge-Newton metro area with bachelors degree
or higher
Higher
3.
06
# of
accredite
d
universit
ies with
campuse
s in
potential
city
26 colleges and universities

in Boston.
Bay State College

Benjamin Franklin Institute of Technology
Berklee College of Music
Boston Architectural College
Boston College
Boston Conservatory of Music
Boston University
Bunker Hill Community College
Emerson College
Emmanuel College
Fisher College
Harvard University
Laboure College
Massachusetts College of Art and Design
MCPHS University
New England College of Optometry
New England Conservatory ofMusic
New England School of Law
New England School of Photography
Northeastern University
School of the Museum of Fine Arts
Simmons College
Suffolk University
Wentworth Institute of Technology
Wheelock College
University of Massachusetts/ Boston
3.
07
Enrollme
nt Size of
Universit
y or
College
in above
question
# of Full /Part Time

Students
250,000 college students live in Suffolk County, according to Association of

Independent Colleges and Universities in Massachusetts (AICUM)
Quality of Life
4.
01
4.
02
4.
03
No. of
Local
Health
Systems
Provider
s (i.e.
Trident,
TriHealth
, Kaiser,
etc.)
Primary
Care
DoctortoPopulati
on Ratio
# of
ranked
Massachusetts has 15 major hospital systems, 64 acute hospitals, 55 community

health centers, 9 provider networks, and 169 major medical groups (2013 data)
http://bluecrossmafoundation.org/delivery-system-map-archive/
There are 36 federally funded Health Center organizations in MA serving 659,521
patients, 18.7% of whom are uninsured.
http://www.nachc.com/client/documents/research/maps/MA2015.pdf
Per 1,000 Residents
#17
31.4 for every 1,000 patients.
17 nationally or regionally ranked hospitals in Boston-Cambridge-Newton metro

area
hospitals
in the
metro
area
4.
04
4.
05
4.
06
4.
07
4.
08
4.
09
4.
1
4.
11
5
5.
01
5.
02
#
Specialty
Health
Care
Facilities
(e.g.
Cancer,
NICU)
Major
(Felony)
Crime
Rate
Average
annual
high
tempera
ture
Average
annual
low
tempera
ture
Average
days
with
rainfall
Gallup
wellbein
g score
# of
professio
nal
sports
teams
Forbes
coolness
ranking
Mass General is ranked #1 and Brigham & Womens ranked #7 in the most recent
US News & World Report rankings.
http://www.usnews.com/info/blogs/press-room/2015/07/21/us-news-releases201516-best-hospitals
#17
Here is a list of specialty facilities

http://www.massleague.org/Programs/ClinicalQualityInitiatives/ClinicalResources.
php
343.3 per 100,000 (U.S. average is 294.7)

Per 100,000 Residents
http://www.city-data.com/crime/crime-Boston-Massachusetts.html
Degrees in F
Average high 59 degrees based on weather data collected from 1981 to 2010 by
the NOAA National Climatic Data Center
Degrees in F
Average low 44 degrees based on weather data collected from 1981 to 2010 by the
NOAA National Climatic Data Center
Average 127 days based on weather data collected from 1971 to 2000 by the
National Oceanic and Atmospheric Administration (NOAA)
State rank in 2014 Gallup Wellbeing index: 17
5 major league sports teams in urban area
Rank
Ranking: 9
Transportation
Distance
to
nearest
major
Internati
onal
Airport
Distance
to
addition
al
airports
(domesti
Miles
5 miles to Boston Logan International
Miles
55 miles to Worcester Regional Airport

32 miles Lawrence Municipal Airport
66 miles to Gardner Municipal Airport
138 miles to Pittsfield Municipal Airport
22 miles to Laurence G. Hanscom Field
92 miles to Westover Metro Airport
5.
03
c, civil
aviation,
internati
onal)
# of
direct
flights to
domestic
cities
76 domestic cities, non-stop
5.
04
Direct
flights to
Europe
14 cities, 7,556 flights per

year.
5.
05
Direct
flights to
Latin
America
17 cities, 3,589 flights per

year
5.
06
Direct
flights to
Asia /
Africa
7 cities and 2,361 flights per

year
5.
07
5.
08
Public
transpor
tation
systems
ranking
Inrix
traffic
scorecar
d
ranking
76 direct domestic cities from Boston Logan International

126,593 domestic flights per year.
Amsterdam
Dublin
Frankfort
Istanbul
Lisbon
London
Madrid
Munich
Paris
Reykjavik
Rome
Shannon
Terceira, Port.
Zurich
Aruba
Barbados
Bermuda
Cancun
Grand Cayman
Mexico City
Nassau
Panama City
Ponta Delgada
Port Au Prince
Providenciales
Puerto Plata, DR
Punta Cana, DR
Santiago, DR
Santo Domingo, DR
St. Lucia
St. Maarten
Toyko
Tel Aviv
Beijing
Shanghai
Hong Kong
Dubai
Doha
Rank
Ranked # 34 metro area for public transportation by Brookings.com
Rank
Ranked # 9 by Inrix (lower numbers reflect worse traffic commute)
Incentives
6.
01
Available
incentive
packages
Please describe
APPENDIX 1 Fortune 1,000 companies in Massachusetts

1.2.2
FleetBoston
80
Boston
MA
02110
Boston
Raytheon
82
Lexington
MA
02421
Boston
Liberty Mutual Insurance
111
Boston
MA
02117
Boston
Gillette
172
Boston
MA
02199
Boston
Massachusetts Mutual Life Insurance
173
Springfield
MA
01111
Springfield MA
Staples
192
Framingham
MA
01702
Boston
TJX
196
Framingham
MA
01701
Boston
Reebok International
515
Stoughton
MA
02072
Boston
Boston Scientific
523
Natick
MA
01760
Boston
New England Electric System
555
Westborough
MA
01582
Boston
Harcourt General
646
Chestnut Hill
MA
02467
Boston
Polaroid
694
Cambridge
MA
02139
Boston
John Hancock Financial Services
233
Boston
MA
02117
Boston
EMC
260
Hopkinton
MA
01748
Boston
State Street
345
Boston
MA
02110
Boston
Thermo Electron
369
Waltham
MA
02254
Boston
BJs Wholesale Club
377
Natick
MA
01760
Boston
Allmerica Financial
440
Worcester
MA
01653
Boston
NSTAR
733
Boston
MA
02199
Boston
Teradyne
750
Boston
MA
02118
Boston
Cabot
786
Boston
MA
02109
Boston
PerkinElmer
798
Wellesley
MA
02481
Boston
Bradlees
859
Braintree
MA
02184
Boston
Analog Devices
874
Norwood
MA
02062
Boston
Stone & Webster
983
Boston
MA
02210
Boston
From:
To:
Cc:
Subject:
Date:

Durante, George (EOHED)
FW: Project Plum
Saturday, December 05, 2015 4:18:00 PM
George
A late, last minute request. Erica has not confirmed her ability to participate in a call in about 15
minutes. If you get this and are able, could you dial in? It should be about a half hour or so, I
suspect. Many apologies for the last minute notice on a Saturday.
Ricks

Sent: Saturday, December 05, 2015 8:07 AM
To: Kennealy, Michael (EOHED); Sullivan, Jennifer F. (ANF); Doolin, James; Garrity, Rob (DOT);
Frazier, Ricks (EOHED); Kreuter, Erica (EOHED)
Cc: Ash, Jay (EOHED); Lepore, Kristen (ANF)
Subject: RE: Project Plum
It looks like we have folks available for a call at 4:30pm today. Please use this number:
access code
.
Looking forward to speaking then and discussing ideas from the group.
Mike

To: Jennifer F. Sullivan (ANF) (Jennifer.F.Sullivan@MassMail.State.MA.US); Doolin, James; Garrity, Rob
(DOT); Frazier, Ricks (EOHED); Kreuter, Erica (EOHED)
Subject: Project Plum
I am emailing a group of people that I hope can work as a team this weekend and into Monday to
advance the Project Plum work. As you know, we presented a proposal to Plum that relies heavily
on I-Cubed and Massworks funding, and we also suggested some sites. The good news from today
is that we are very much in the game here, and the company will be visiting Boston on Wednesday
to look at sites, with a significant internal meeting in about 10 days. (Note not clear yet what
involvement they want from us on Wednesday, possibly none though of course we are pushing).
As Steve and Sec. Lepore and I just discussed, we think our mission at this point is to make this
proposed infrastructure funding more tangible for them how could these dollars be used to the
direct benefit of their project? Said differently, our ~$100 MM dollar proposal was $80 MM ICubed/MassWorks and $20 MM local property tax incentives; they know how to value the $20 MM
but are unsure how to value the $80 MM, and we need this proposal to look a lot closer to $100
MM than $20 MM, especially in the face of competition offering incentives that are much easier to
value.
To that end, there are two deliverables that we would like to send to the company by noon on
Monday:
1. A list/discussion of historical examples of I-Cubed and MassWorks projects. I have attached

a draft memo from Erica and the language that Jen provided for our letter. What other
examples can we provide, and in what level of detail, specifically ones that are as analogous
as possible to their project?
2. Specific examples of how I-Cubed and MassWorks could be deployed at the MCCA and
Massport sites. I have attached information about those sites. No site or building has been
ruled out, but initial guidance from Plums location advisor was to focus on the sites vs. the
buildings.
Could I ask the following:
1. Could folks start giving consideration to #1 and #2 above and develop specific ideas.
2. Could you please also suggest (if applicable) others from your organization that could help in
this effort.
3. Can we all get on a call tomorrow at 4:30pm to discuss.
On the call tomorrow, I would like to review what we think the deliverables should look like and
discuss specific examples. We can then decide what other needs we may have, and plan the work
over Sunday and into Monday.
I hope all of that makes sense and, as always, please call with questions. Please respond as soon as
you can with respect to your availability tomorrow at 4:30pm.
All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:
Attachments:

Ash, Jay (EOHED); Kirk, Carolyn (EOHED); Nunnelly, Mark E (DOR); Pham, Nam (EOHED); Distefano, Maria
McMorrow, Paul (EOHED)
FW: Project Plum: MA Thank you
Friday, August 07, 2015 2:36:08 PM
Scanned from a Xerox Multifunction Printer.pdf
FYI - nice note from the folks we met last week. We have a letter and
materials going out to them today to say thanks and to answer some of
their questions. Will keep you all posted.
Best,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
-----Original Message----From: Kulish, Karen (GE, Corporate)
Sent: Thursday, August 06, 2015 4:12 PM
Subject: Project Plum: MA Thank you
Mike,
Please find attached a thank you letter from Ann Klee to the team. Thank
you for your assistance in forwarding to the others.
Karen Kulish
Global Operations - Environment, Health & Safety

Fairfield, CT 06828
From:
To:
Subject:
Date:
Attachments:

Jennifer F. Sullivan (ANF) (Jennifer.F.Sullivan@MassMail.State.MA.US)
FW: Project Plum
Monday, December 07, 2015 12:04:00 PM
Ground Lease Process Memo JPD updates 12 7 15.doc
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From: Doolin, James [mailto:JDoolin@massport.com]

Cc: Morse, Elizabeth <EMorse@massport.com>; McDonald, Catherine
<CMcDonaldFerrara@massport.com>; DeTour, Michele <MDeTour@massport.com>
Mike heres one memo that incorporates our ground lease statement and our procurement
statement. Jim
James P. Doolin
Chief Development Officer
Massachusetts Port Authority
O 617-568-3102
C 617-594-5953

To: Doolin, James
Subject: Re: Project Plum
Jim can I get this incorporated in the memo sent earlier.

Mike Kennealy
On Dec 7, 2015, at 9:58 AM, Doolin, James <JDoolin@massport.com> wrote:

Mike heres our language on the ground lease as requested. Jim

James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Will come back to you likely later today on this Jim. More urgent is the lease language
we talked about coming over this morning?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Sent: Sunday, December 06, 2015 9:44 AM
Mike yes we do have folks that can do some graphic layout type production. We can
look at once we have the pieces to see if possible (I assume its close of business
Monday?) Jim
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Subject: Fwd: Project Plum

Jim, suggestion from Sec Lepore that Massport has a marketing dept that could help
package/present whatever we come up with - thoughts?
Mike Kennealy
From: "Kennealy, Michael (EOHED)"
To: "Kennealy, Michael (EOHED)"
<Michael.kennealy@MassMail.State.MA.US>, "Garrity, Rob (DOT)"
<rob.garrity@dot.state.ma.us>, "Doolin, James"
<JDoolin@massport.com>, "Sullivan, Jennifer F. (ANF)"
<Jennifer.F.Sullivan@MassMail.State.MA.US>, "Frazier, Ricks (EOHED)"
<ricks.frazier@MassMail.State.MA.US>, "Kreuter, Erica (EOHED)"
<Erica.Kreuter@MassMail.State.MA.US>
Cc: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>, "Lepore,
Kristen (ANF)" <kristen.lepore@MassMail.State.MA.US>
Same number tomorrow please 10am Jay, Mike, Ricks, Erica, others if
interested and available. Whole group to reconvene when Jen has
feedback from outside counsel.
Mike Kennealy
On Dec 5, 2015, at 8:08 AM, Kennealy, Michael (EOHED)
It looks like we have folks available for a call at 4:30pm today.
Please use this number:
access code
.
Looking forward to speaking then and discussing ideas from the

group.
Mike

To: Jennifer F. Sullivan (ANF)
(Jennifer.F.Sullivan@MassMail.State.MA.US); Doolin, James;
Garrity, Rob (DOT); Frazier, Ricks (EOHED); Kreuter, Erica
(EOHED)
I am emailing a group of people that I hope can work as a

team this weekend and into Monday to advance the Project
Plum work. As you know, we presented a proposal to Plum
that relies heavily on I-Cubed and Massworks funding, and
we also suggested some sites. The good news from today is
that we are very much in the game here, and the company
will be visiting Boston on Wednesday to look at sites, with a
significant internal meeting in about 10 days. (Note not
clear yet what involvement they want from us on
Wednesday, possibly none though of course we are
pushing).
As Steve and Sec. Lepore and I just discussed, we think our

mission at this point is to make this proposed infrastructure
funding more tangible for them how could these dollars
be used to the direct benefit of their project? Said
differently, our ~$100 MM dollar proposal was $80 MM ICubed/MassWorks and $20 MM local property tax
incentives; they know how to value the $20 MM but are
unsure how to value the $80 MM, and we need this
proposal to look a lot closer to $100 MM than $20 MM,
especially in the face of competition offering incentives that
are much easier to value.
To that end, there are two deliverables that we would like to

send to the company by noon on Monday:
1. A list/discussion of historical examples of I-Cubed

and MassWorks projects. I have attached a draft
memo from Erica and the language that Jen
provided for our letter. What other examples can
we provide, and in what level of detail, specifically
ones that are as analogous as possible to their
project?
2. Specific examples of how I-Cubed and MassWorks

could be deployed at the MCCA and Massport sites.
I have attached information about those sites. No
site or building has been ruled out, but initial
guidance from Plums location advisor was to focus
on the sites vs. the buildings.
1. Could folks start giving consideration to #1 and #2
above and develop specific ideas.
2.
Could you please also suggest (if applicable) others

from your organization that could help in this effort.
3.
Can we all get on a call tomorrow at 4:30pm to

discuss.
On the call tomorrow, I would like to review what we think

the deliverables should look like and discuss specific
examples. We can then decide what other needs we may
have, and plan the work over Sunday and into Monday.
I hope all of that makes sense and, as always, please call with
questions. Please respond as soon as you can with respect
to your availability tomorrow at 4:30pm.
All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
<ground lease terms statement.docx>
TO:
Elizabeth Morse, Chief of Staff
FROM:
James Doolin, Chief Development Officer, Catherine McDonald, Acting Chief

Legal Counsel and Michele DeTour, Deputy Chief Legal Counsel
SUBJECT:
Massports Ground Lease Process Regarding Massport Parcels A-2, H, D-2 and
D-3 and WTC Avenue Parcel
DATE:
December 7, 2015
Massachusetts Port Authority (Massport) Ground Lease

As part of its mission to be an economic engine for the Commonwealth and New England and to
further a shared civic vision of creating a new and vibrant part of the City of Boston, the
Massport property within the South Boston Waterfront has been developed to include a mix of
commercial, residential and maritime related uses. Massport has made significant investments in
roadways, utilities infrastructure and public open space.
Within the commercial / residential area clustered around Seaport Boulevard, Congress Street,
Summer Street and D Street, Fidelity, John Hancock and a host of other major companies have
made major investments and have a strong corporate employment presence. In addition, two first
class apartment buildings have been built with additional units on the near term horizon. Two 4star hotels are immediately available in the Seaport Hotel and the Boston Waterfront
Renaissance Hotel. There is also a destination restaurant cluster centered around Liberty Wharf.
These projects which are all on Massport land and many others in the South Boston Waterfront
have established the area nationally as a highly desirable location for real estate investment.
On Massport property projects have been undertaken by private third party developers / investors
under long term ground leases. Long term ground leases present the opportunity to be creative in
how the ground rent terms for rent are structured over time. In order to stimulate project
execution and based upon the asset type and the realities of the market conditions, Massport has
previously structured rent payments for certain projects that delay or reduce payments in the
early years of the lease while still achieving fair market value for land through a combination of
fixed rent and participating rent. For Project Plum, Massport would expect to work closely and
creatively with the development entity to establish terms that facilitate project execution while
meeting fair market value for the long term ground lease.
In response to a request from Michael Kennealy to prepare a memorandum similar to

MassDOTs District Six Headquarters Memo dated November 30, 2015, we have prepared the
following summary of pertinent issues related to Massports ground leasing process for internal
discussion (and if desired to form the basis of the memorandum to Michael Kennealy).
Massports long-standing practice, as a public agency, is to solicit bids for the

development and direct long term lease of its property, although not specifically required
by statute to engage in a competitive bid process. (When Massport did not engage in a
competitive bid process for a Seaport development parcel, the State Auditor stated in a
2002 Independent State Auditors Report that there are no circumstances that we can
envision where a public agency such as Massport, could justify awarding a no-bid real
estate development contract.)
At a minimum, Massport would, in accordance with its Trust Agreement (further

described below) and its public mission, determine the propertys fair market value. A
fair market value determination may not relieve Massport of a competitive bid obligation
in the eyes of independent state oversight agencies and/or other interested parties. (A fair
market value determination did not persuade the State Auditor in 2002.)
Massports Enabling Act, Chapter 456 of the Acts of 1956, as amended, provides that
Massport may lease its Port Properties (Parcels A-2, H, D-2 and D-3 and WTC Avenue
Parcel are considered Port Properties under the Enabling Act) if Massports Board
determines that the property is no longer needed for its original maritime/industrial use.
Massports Trust Agreement dated as of August 1, 1978, as supplemented and amended,

between the Authority and U.S. Bank, National Association, as trustee, governs
Massports relationship with its bondholders and generally provides that Massport will
not enter into any contract or take any action that might impair or diminish the rights of
the trustee or the bondholders. This section may need to be further reviewed based on the
specific terms of the proposed transaction, however, evidence of fair market value is
generally sufficient to satisfy this constraint.
In order to comply with the grant assurances included in each federal grant agreement
under the Airport Improvement Program, Massport requires its tenants to limit the height
of structures constructed on Massportproperty so as not to constitute an obstruction to air
navigation under 14 CFR Part 77. (See Grant Assurance No. 21 Compatible Land Use.)
Any long term lease is subject to the approval of Massports board.
From:
To:
Subject:
Date:
Attachments:

Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert (ANF);
Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Elizabeth Morse; jdoolin; Povich, Lon (GOV);
Garrity, Rob (DOT)
FW: Proposal from Boston
Project Plum Dec 8.pdf
Massport 12 8 15 Deck Final.pdf
FYI, and many thanks to all!
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Ann R. Klee
'Cowan, Mo'
<MCowan@mlstrategies.com>
Cc: 'John Barros' <john.barros@boston.gov>
Subject: Proposal from Boston
Ann, Mo,
Please see the attached documents we look forward to discussing.
All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
December 8, 2015
Ann R. Klee
Vice President
Corporate Environment, Health and Safety
Fairfield, CT 06828
Dear Ms. Klee,
We are pleased to provide some additional thoughts on a partnership between General Electric,
the Commonwealth and the City. We again have endeavored to listen to your feedback and
accordingly have strengthened our proposal and added some additional elements:
1. Public support for your headquarters through a partnership with Massport: Our
December 1 proposal contemplated up to $80 million in public infrastructure improvements
financed by the state. We now propose that Massport be your development partner,
construct a building on a Massport site and, by discounting the construction cost by $80M,
arrive at substantial lease savings for GE. Massport also proposes to build a parking
structure nearby, allowing GE the benefit of proximate parking. Further, Massport has
previously structured lease payments for certain projects that delay or reduce payments in
the early years of the lease while still achieving fair market value overall, and they expect to
work closely and creatively with you.
Massport has a mission to promote economic development and a record of success in
developing its extensive real estate portfolio (including in the Seaport District). Massport
has great experience working with City and state officials, federal regulators and private
parties and in dealing with security and public safety concerns. Attached please see the
specific sites and other information related to this Massport opportunity.
2. Corporate Jets and Helicopters: We understand the importance of immediate access to
your corporate fleet. We now propose:
Parking of one executive jet and one helicopter at Logan Airport for 24/7 access.
A hanger for executive aircraft at Hanscom Airport, with on-call service to Logan.
State financed construction of a new public helipad in Boston (one-site has FAA
approval; other site options can be reviewed).
1
3. Innovation Center a premier talent pipeline: As presented on December 1, we propose

a $5M investment to launch an Innovation Center in your building or another location with
MassChallenge, an internationally renowned start-up accelerator. To advance this potential,
we propose to invite participation from Harvard, MIT, Northeastern, the UMass schools and
others, bringing together the best of our public and private universities and research
institutions. This partnership would allow you to collaborate with, and recruit, the worlds
most talented students, engineers, scientists, programmers, MDs, and entrepreneurs.
4. Local property tax incentive: Same $20M as proposed before.
5. Coordinated Permitting: Coordinated and streamlined permitting process by City and state
authorities and a permitting Ombudsman to assist in addressing any permitting issues. We
will dedicate staff in the office of the Secretary of Administration and Finance, supported by
the Governors Office. A similar dedication of staff will be provided by the Boston
Redevelopment Authority, supported by the Mayors Office.
6. GEs Current: We are prepared to support the launch of your Current business here in
Boston with a grant of $5-10M over two years.
7. Improvements to Local Transportation:
Investment of public funds to purchase new vehicles and provide additional service to
the GE headquarters site as part of the Seaport Transportation Management Association
Up to $50 million of improvements through our I-Cubed program, including streetscapes,
water taxi, parking, utilities, public safety features and other public infrastructure
Up to $125 million in City and state financed improvements to streets, transit, bridges
and bikeways.
8. Workforce Training Fund: Same $1M as proposed before.
9. Concierge and housing service: As discussed in our December 1 proposal, a Concierge
team will be dedicated to easing the transition for GE and your employees, including home
buying assistance with the Boston Home Center and MassHousing.
We believe we are presenting to you the premier ecosystem to grow your business, an
exceptional place to live, substantial public investment in your project, and other amenities that
will make it as easy as possible for GE and your employees to move to and live in Boston. We
look forward to your response.
Sincerely,
Charles D. Baker
Governor
Martin J. Walsh
Mayor of Boston
2
Massport
Economic Development Partner

December 8, 2015
DRAFT 12/8/15 12:45 pm
Massport Overview
Quasi-public authority a body corporate and politic
Governed by a seven member board
Financially self-sufficient can fix, revise, charge and
collect tolls, rates, fees, rentals and charges
Operates three business lines
Aviation
Maritime Operations
Real Estate
FY16 budget is $667 million
Logan Airport is 85% of total operating budget

Maritime business is 10%, all other is 5%
Massport bond ratings
Moodys Aa2, S&P AA, Fitch AA

2
Why the Massachusetts Port Authority can assist

1. Massport has a proven track record as a successful
development partner
2. Massport has Six development ready parcels in
Bostons Seaport Innovation District
3. Massport can execute flexible, creative, and
deliverable development opportunities to suit
commercial tenant needs expeditiously
Successful History of Innovative Developments

Massport is a Proven Development Partner
Since 1996, 5 million square feet of new mixed use, commercial, and
hotel developments were executed by Massport in South Boston
These developments have created $2.4 billion new value for the
Commonwealth and the City of Boston
11,660 jobs in the Seaport Innovation District have been added as a
result of Massports Real Estate development initiatives
Massport produces these positive results by working with

developers to:
Execute creative and strategic win- win Long Term Ground Leases that a
financeable
A proven track record and ability to Execute a One-Stop Shopping
approach to development
Streamlined Permitting
7 million square feet of mixed-use development master plan successfully
permitted for Commonwealth Flats
Expedited / coordinated review process by the Commonwealth and City of
Boston managed by Massport
Successful History of Innovative Developments in South

Boston
1.
2.
3.
4.
5.
6.
7.
8.
9.
Fidelity - World Trade Center (1996)

Fidelity - Seaport Hotel (1998)
Fidelity - East Office Building (2000)
Fidelity - West Office Building (2002)
John Hancock U.S. Corporate Headquarters (2003)
Park Lane Seaport Apartments (2006)
Boston Waterfront Renaissance Hotel (2008)
Liberty Wharf (2011)
Waterside Place (2014)
5
Fidelity
Investments
Seaport World
Trade Center
Boston
Six pad ready Parcels owned by Massport available in

the Seaport / Innovation District
1.
2.
3.
4.
5.
6.
World Trade Center Parcel (WTC Avenue)

Parcel D-3
Summer Street Parcel
Parcel D-2
Parcel A-2
Parcel H
Location Overview of 6 pad ready parcels in the South

Boston Innovation District
World Trade Center Parcel

Parcel
A-2
Development site
adjacent to the
Massports 1,500 space
Air Rights Garage (under
design)
Able to achieve 150,000

Parcel
D-2
to 200,000 sf of office
development
Air Rights
Garage Site
Parking provided in
adjacent Massport Air
Rights Garage
Parcel
D-3
Parcel H
Prominent views of
downtown
Adjacent to MBTA Silver
Line station
2.8 acre parcel

Frontage on Summer and
D Streets
Master plan program
allocation of 500,000 to
650,000 sf
Suitable for commercial
office use within mixed
use
Directly across from the
BCEC/Westin Hotel
Parcel D-3
Potential for on-site

structured parking
10
3 acre parcel
Summer Street
Frontage
Site capacity of 400,000
sf
Parcel D-3

structured parking
Summer Street
Opportunity to expand
site through acquisition
of U.S. Army property
E Street
South Boston
Transportation Plan
recommended
extension of E Street to
Summer Street
11
2.1 acre parcel
Parcel D-2
Frontage on Summer, D
Street and World Trade
Center Avenue
Subject of RFQ which was
issued by Massport on
Nov. 9 for hotel/mixed-use
development
Requirement for minimum
250 room hotel
Air
Rights
Garage
Site
Opportunity for well in

excess of 150,000 sf of
office
Parking provided in
Rights Garage (under
design)
12
Parcel A-2
1.2-acre parcel
Frontage on Congress
Center Avenue
Parcel
D-2
Parcel
D-3
Master plan program

allocation up to 450,000
sf, suitable for
commercial office use
Air Rights
Garage Site
Parcel H
Adjacent MBTA Silver Line

WTC Station, with
potential direct
pedestrian connection
Available parking in
planned Air Rights Garage
(adjacent with potential
direct pedestrian
connection)
13
Parcel H
1.8 acre parcel

Street
Master plan program
sf, suitable for
Parcel
A-2
Air Rights
Garage Site

structured parking
(either below or above
ground)
Adjacent to existing
Silver Line Station
Potential air rights
overbuild of Silver Line
Way and T Station
14
Flexible, creative, deliverable, and financeable

development capabilities
Turnkey development capabilities
Using a selected private developer,
or through Massport itself
Tenant Improvements to suit occupiers needs included

Construction costs for parking options or other
infrastructure needs are available
Flexible space lease terms are negotiable to produce lower
initial occupancy costs
Attractive pre-packaged lease terms are available in partnership
with Commonwealth / City investments opportunities
Early lease periods are discountable with gradual adjustments to
over a longer lease period
15
Massport Aviation Logan International Airport

Minutes from South Boston Innovation District
Provides access for private aircraft 24/7, including overnight
parking
General Aviation activities operated by Signature Flight
Support (Fixed Based Operator)
Automobile parking available at Signature
Helicopter pad and parking at Signature
16
Massport Aviation Hanscom Airfield

13.5 nautical miles from Logan Airport
Easy, efficient access to and from Downtown
Readily available sites for permanent hangars for aircraft
fleets
Full services available
Existing and new construction options
Will accommodate multiple planes and helicopters
Home to multiple Fortune 500 corporate fleets
17
Boston Logan Has Nonstop International Service to 53 Destinations

Readily available sites for permanent hangars for

aircraft fleets
18
Boston Logan Has Nonstop Domestic Service to 75 Destinations
19
Massport Air Cargo

Air cargo is reported on a calendar year basis by the carriers
themselves
The YTD December 2014 numbers reflect the full years total
Total Cargo & Mail:
585,459,955 lbs.
Express (FedEX, UPS etc):
334,315,119 lbs.
Freight (belly of plane):
203,877,671 lbs.
October 2015 YTD is nearly the same (+0.3%) as Calendar
2014 October YTD
20
Massports Port of Boston
Multiple public and private maritime assets that provide New England businesses
with connections to the global marketplace.
Weekly service to North Europe/Latin America, the Mediterranean, and Asia; easy
access to Logan Airport and interstate highway system.
Home to New Englands only full service container terminal; serves over 1,600
businesses that use it to export and import goods.
Annual economic impact of $4.6 billion. Record-breaking volume in FY2015 with
221,000 twenty foot equivalent units (TEUs) and 13% growth year to date in FY2016.
Working with state/federal officials to dredge Boston Harbor to prepare for larger
container vessels; estimated to double volumes.
21
Massachusetts:
An Innovation Capital
22
23
24
25
Appendix
27
Governing Documents
1956 Enabling Act

May only borrow for capital construction, not working capital
Maintain, repair and operate, or extend, enlarge and improve its
business facilities
Construct or acquire additional facilities
1978 Trust Agreement, 1999 PFC Trust Agreement, and 2011 CFC
Trust Agreement
Massports contract with bondholders, includes specific covenants
Defines use of Massports generated revenues (funds flow
requirements)
Federal tax regulations restricts the use of bond proceeds
Current Federal Aviation Law
Restricts the use of aviation revenue (revenue diversion)

Regulates the calculation of aeronautical rates and charges
Regulates the collection and use of Passenger Facility Charges (PFCs)
28
From:
To:
Subject:
Date:
Attachments:

Milano, Peter (MOBD)
FW: Responding to the RFI
Thursday, September 03, 2015 3:02:00 PM
Boston RFI Response - 2015.pdf
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From: Servetnick, Adrian (EOHED)

To:
Cc: Kennealy, Michael (EOHED)
Subject: Responding to the RFI
KarenI hope this finds you well. Please find attached the RFI requested for Metro-Boston/ Massachusetts.
If you have any questions or follow-up requests, please contact Mike Kennealy, CCd here.
Phone: 1-617-788-3640
Mobile: 1-617-634-4762
All the best, and many thanks

Adrian Servetnick
Program and Communications Coordinator
Executive Office of Housing and Economic Development
e: adrian.servetnick@state.ma.us
p: 617-788-3615
t: @MassEOHED
PROJECT PLUM: REQUEST FOR INFORMATION

STATE: Massachusetts
COUNTY: Suffolk County
CITY: Boston
#
1
Criteria
Units of Measure
Response
State/County Data
4.7 Million in Boston-Cambridge-Newton metro area as of 2013 (US Census
Bureau)
State population: 6.745 million (2014)
2.6% growth in Boston-Cambridge-Newton metro area from 2010 to 2013 (US
Census Bureau)
State population growth: 3% (2013 to 2014)
Suffolk Countys population is projected to increase by 240,000 or 16% between
2010 and 2035
http://suffolkcountyny.gov/Portals/0/planning/CompPlan/vol1/vol1_chpt2.pdf
1.01
Population
No. of People
1.02
Population
Growth 20052015
% Growth
1.03
Projected
Population
Growth 20162020
% Growth
1.04
Domestic
migration rate
2.3% migration from Massachusetts to other US states at % of population in 2013

(US Census Bureau)
Rank
Boston ranked # 32 in Wallethub's 2015 study of cities with most and least
ethno-racial and linguistic diversity
% of Population &
No. of People
621,794 workforce in Suffolk County, 81% of county population (June 2014)
1.05
1.06
1.07
1.08
1.09
1.1
1.11
1.12
Regional
diversity rank
Size of Labor
force within
County
Real Estate
Foreclosure
Rate
Median Home
Value (and
basis for
estimate)
Median Rent
(Cost per
Calendar
Month)
Median
Household
Income
Increase in
Household
Income 20102015
Per Capita
Income
2014 HUD rate
Greater Boston is expected to see a 2.7% increase in population between 2015

and 2020
http://pep.donahueinstitute.org/UMDI_LongTermPopulationProjectionsReport_2013.11.pdf
Massachusetts: 1 in every 1,624

Suffolk County: 1 in every 3,281
http://www.realtytrac.com/statsandtrends/foreclosuretrends/ma
2015 USD
2013
$389.8K 2014 median home value in Boston-Cambridge-Newton metro area

(National Association of Realtors)
Suffolk County: $2,400
http://www.zillow.com/suffolk-county-ma/home-values/
2015 USD
$83,867 median household income in Massachusetts from 2011-2013 (US Census

Bureau)
2015 USD
Massachusetts: 3.7% wage gain, 29th highest in USA

2015 USD
Massachusetts Per Capita: $35.763

Massachusetts Per Household: $61,992.
http://data.bls.gov/cgi-bin/surveymost
1.13
Percent Below
100% Federal
Poverty Level
1.14
Drug Abuse /
Sale /
Possession
Statistics (per
UCR program)
1.15
Top 2 School
Districts
including State
Rank
Per 100,000
District & Rank
Massachusetts: 20.8%
2009-13
Suffolk County: 909.8 per 100,000
http://wwwn.cdc.gov/CommunityHealth/profile/currentprofile/MA/Suffolk/3100
52
Top 10 Ranked Public School Systems in Greater Boston:
Lexington
Westwood
Westford
Weston
Dover-Sherborn
Brookline
Wayland
Newton
Wellesley
https://k12.niche.com/rankings/public-school-districts/best-overall/m/bostonmetro-area/
Overall Massachusetts ranks #1 for education
http://www.aecf.org/m/databook/aecf-2014kidscountdatabook-embargoed2014.pdf
1.16
1.17
1.18
1.19
1.2
1.21
1.22
Unemployment
Rate
2010-2015
Increase in
Employment
Cost of Living
Index (closest
urban area)
Commercial
real estate
average cost
per foot
County & State:
Standard &
Poor Bond
Rating
Business
friendliness
ranking (CNBC
& Forbes)
Name and # of
Fortune 1000
companies in
nearest
metropolitan
area
% & No. of
Persons Affected
3.8% unemployment as of April '15 in Boston-Cambridge-Newton metro area

(Bureau of labor statistics)
4.6% unemployment in Suffolk County, Dec 14
http://www.cityofboston.gov/images_documents/SandP%202015ratingsreport.p
df
% / Total Number
of Jobs
Massachusetts gained 220,477 jobs between 2010 and 2015- a 7% increase

http://lmi2.detma.org/lmi/lmi_es_a.asp#IND_LOCATION
US Census Bureau
Cost of living index of 132.5 as of 2010 in Boston-Cambridge-Newton metro area

(US Census Bureau)
2015 USD
Rating
$413 sf in Boston
http://www.trulia.com/real_estate/Boston-Massachusetts/market-trends/
MA rated AA+ by S&P in 2014
Boston rated AAA on 4/1/2014
http://www.cityofboston.gov/images_documents/SandP%202015ratingsreport.p
df
Rank
State ratings: CNBC 2015: 7 | Forbes 2014: 13
Number
26 total in Massachusetts. See Appendix 1.
1.23
2.01
2.02
2.03
2.04
2.05
2.06
2.07
3
3.01
3.02
3.03
History of
Natural
Disasters (Last
10 Years)
Type, date,
damages
Hurricane Sandy 2012

-$67 billion
Hurricane Irene 2011
-$14 billion
Flooding 2010
-$2 billion
Severe Weather and Flooding 2011
-$3 billion
Tornado 2011
-$50.3 million
Snowstorm October 2011
-$3 billion
-$2 billion
-$2.5 billion
https://www.ncdc.noaa.gov/billions/events
Tax Considerations
Total (all
applicable
jurisdictions)
millage rate for
business real
and personal
property
Assessment
ratio for
business real
and personal
property
Local Business
Tax
Local Personal
Income Tax
Local Sales Tax
Rate (if
applicable)
State personal
Income Tax
State corporate
Income Tax
Rank
Boston Tax Rate: Residential is $12.11; Commercial is $29.52 per thousand dollar
value
Number
http://www.bizjournals.com/boston/blog/bbj_research_alert/2015/01/massach
usetts-property-tax-rates-in-2015-by-town.html
100% of fair market value
Yes or No
No
Yes or No
No
Yes or No
No
If Yes, %
5.15% flat tax
Rank
Ranked # 24 lowest in 2015 by taxfoundation.org
Age in Years
Metropolitan Boston: 31.7

Massachusetts: 39.4
Percentage of
Workforce
79% of workforce is 18+
Percentage
11% of Massachusetts over-18 population is currently enrolled in college or

graduate school
Workforce/Talent
Average Age of
Population
Population Age
18-45
Age 18 & Over
Enrolled in
College /
Graduate
School
3.04
3.05
Percent of
population with
high school
degree or
higher (Includes
Equivalency)
Percent of
population with
bachelor's
degree or
Higher
3.06
# of accredited
universities
with campuses
in potential city
3.07
Enrollment Size
of University or
College in
above question
Quality of Life
4.01
No. of Local
Health Systems
Providers (i.e.
Trident,
TriHealth,
Kaiser, etc.)
Percentage of
Workforce
Percentage of
Workforce
89.4% in Massachusetts
Statewide, 39.4% of 25+ population have a bachelors degree or higher, and

16.4% had an advanced degree as of 2008
Metro Boston: 54% of the 25+ population have a 2- or 4- year degree or greater,
and 19% have an advanced degree
Bay State College
Benjamin Franklin Institute of Technology
Berklee College of Music
Boston Architectural College
Boston College
Boston Conservatory of Music
Boston University
Bunker Hill Community College
Cambridge College
Cambridge School of Culinary Arts
Emerson College
Emmanuel College
Episcopal Divinity School
Fisher College
Harvard University
Laboure College
Lesley College
Longy School of Music
Massachusetts College of Art and Design
Massachusetts Institute of Technology
MCPHS University
New England College of Optometry
New England Conservatory of Music
New England School of Law
New England School of Photography
Northeastern University
School of the Museum of Fine Arts
Simmons College
Suffolk University
Wentworth Institute of Technology
Wheelock College
University of Massachusetts: Boston
32 colleges and universities in Boston & Cambridge.
# of Full /Part
Time Students
250,000 college students live in Suffolk County, according to Association of

Independent Colleges and Universities in Massachusetts (AICUM)
Massachusetts has 15 major hospital systems, 64 acute hospitals, 55 community

health centers, 9 provider networks, and 169 major medical groups (2013 data)
http://bluecrossmafoundation.org/delivery-system-map-archive/
#
There are 36 federally funded Health Center organizations in MA serving
659,521 patients, 18.7% of whom are uninsured.
http://www.nachc.com/client/documents/research/maps/MA2015.pdf
4.02
Primary Care
Doctor-toPopulation
Ratio
Per 1,000
Residents
4.03
# of ranked
hospitals in the
metro area
4.04
# Specialty
Health Care
Facilities (e.g.
Cancer, NICU)
4.05
Major (Felony)
Crime Rate
Per 100,000
Residents
31.4 for every 1,000 patients.
17 nationally or regionally ranked hospitals in Boston-Cambridge-Newton metro

area
Mass General is ranked #1 and Brigham & Womens ranked #6 in the most recent
US News & World Report rankings.
http://www.usnews.com/info/blogs/press-room/2015/07/21/us-news-releases201516-best-hospitals
29 in metropolitan Boston
343.3 per 100,000
4.06
4.07
4.08
4.09
4.1
4.11
5
5.01
5.02
5.03
5.04
Average annual
high
temperature
Average annual
low
temperature
Average days
with rainfall
Gallup
wellbeing score
# of
professional
sports teams
Forbes coolness
ranking
http://www.city-data.com/crime/crime-Boston-Massachusetts.html
Degrees in F
Average high 59 degrees based on weather data collected from 1981 to 2010 by
Degrees in F
Average low 44 degrees based on weather data collected from 1981 to 2010 by
Average 127 days based on weather data collected from 1971 to 2000 by the
National Oceanic and Atmospheric Administration (NOAA)
State rank in 2014 Gallup Wellbeing index: 17
5 major league sports teams in urban area
Rank
Ranking: 9
Miles
5 miles to Boston Logan International
Miles
55 miles to Worcester Regional Airport

32 miles Lawrence Municipal Airport
66 miles to Gardner Municipal Airport
138 miles to Pittsfield Municipal Airport
22 miles to Laurence G. Hanscom Field
92 miles to Westover Metro Airport
76 direct domestic cities from Boston Logan International

126,593 domestic flights per year.
Amsterdam
Dublin
Frankfort
Istanbul
Lisbon
Transportation
Distance to
nearest major
International
Airport
Distance to
additional
airports
(domestic, civil
aviation,
international)
# of direct
flights to
domestic cities
Direct flights to
Europe
London
Madrid
Munich
Paris
Reykjavik
Rome
Shannon
Terceira, Port.
Zurich
5.05
5.06
Direct flights to
Latin America
Direct flights to
Asia / Africa
14 cities, 7,556 flights per year

Aruba
Barbados
Bermuda
Cancun
Grand Cayman
Mexico City
Nassau
Panama City
Ponta Delgada
Port Au Prince
Providenciales
Puerto Plata, DR
Punta Cana, DR
Santiago, DR
Santo Domingo, DR
St. Lucia
St. Maarten
17 cities, 3,589 flights per year
Toyko
Tel Aviv
Beijing
Shanghai
Hong Kong
Dubai
Doha
7 cities and 2,361 flights per year
5.07
5.08
Public
transportation
systems ranking
Inrix traffic
scorecard
ranking
Incentives
6.01
Available
incentive
packages
Rank
Ranked # 34 metro area for public transportation by Brookings.com
Rank
Ranked # 9 by Inrix
Please describe
Appendix 1: Top Massachusetts companies on

Fortune 1000 Lis
Liberty Mutual Holding Company Inc.
David H. Long
Boston
Massachusetts
Massachusetts Mutual Life Insurance Company
Roger W. Crandall
Springfield
Massachusetts
The TJX Companies, Inc.
Carol M. Meyrowitz
Framingham
Massachusetts
Raytheon Company
Thomas A. Kennedy
Waltham
Massachusetts
Staples, Inc.
Ronald L. Sargent
Framingham
Massachusetts
EMC Corporation
Joseph M. Tucci
Hopkinton
Massachusetts
Global Partners LP
Eric Slifka
Waltham
Massachusetts
Thermo Fisher Scientific Inc.
Marc N. Casper
Waltham
Massachusetts
Analog Devices, Inc.
Vincent T. Roche
Norwood
Massachusetts
Hologic, Inc.
Stephen P. MacMillan
Bedford
Massachusetts
Affiliated Managers Group, Inc.
Sean M. Healey
Prides Crossing
Massachusetts
PerkinElmer, Inc.
Robert F. Friel
Waltham
Massachusetts
Boston Properties, Inc.
Owen D. Thomas
Boston
Massachusetts
PAREXEL International Corporation
Josef H. von
Waltham
Massachusetts
Milford
Massachusetts
Worcester
Massachusetts
Rickenbach
Waters Corporation
Douglas A.
Berthiaume
The Hanover Insurance Group, Inc.
Frederick H. Eppinger
Jr.
LPL Financial Holdings Inc.
Mark S. Casady
Boston
Massachusetts
Clean Harbors, Inc.
Alan S. McKim
Norwell
Massachusetts
Cabot Corporation
Patrick M. Prevost
Boston
Massachusetts
American Tower Corporation
James D. Taiclet Jr.
Boston
Massachusetts
Appendix 1: Top Massachusetts companies on

Fortune 1000 Lis
Alere Inc.
Ron Zwanziger
Waltham
Massachusetts
Iron Mountain Incorporated
William L. Meaney
Boston
Massachusetts
State Street Corporation
Joseph L. Hooley
Boston
Massachusetts
Eversource
Thomas J. May
Springfield
Massachusetts
Boston Scientific Corporation
Michael F. Mahoney
Natick
Massachusetts
Biogen Idec Inc.
George A. Scangos
Cambridge
Massachusetts
From:
To:
Subject:
Date:
Attachments:

Ash, Jay (EOHED)
FW: response
GE Updates - To Grid docx MJK.docx
Latest version
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From: Frazier, Ricks (EOHED)

Subject: RE: response
Mike
Attorney-Client .
Privilege
Ricks

To: Frazier, Ricks (EOHED)
Subject: response
Attorney-Client Privilege ?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
Updates
1.
What are the employment tax benefits through the Mass Life Science Center? specifically
a. What is the program?
i. MLSC offers a tax credit program to expand life sciences-related employment
opportunities, promote health-related innovations and stimulate research and
development, manufacturing and commercialization in the life sciences in MA.
GE Healthcare Life Sciences has recently secured an MLSC award of $3.15
million. A new application could be made through GE Healthcare, but may
consider both health division future employment growth and the GE corporate
positions. Upon approval of the MLSC Board, GE would receive a tax credit,
which can be refundable depending upon the particular credit applied for.The
new application would include both health division future employment growth
and the GE corporate positions. Upon approval of the MLSC Board, GE would
receive a tax credit. We are open discussing it as a refundable tax credit.
b. What is the statutory authority supporting eligibility?
i. The Life Sciences tax credit is authorized under G.L. c. 23I, 5(d), which provides
for a number of different incentives, including refundable tax credits for
companies who commit to create at least 50 net new jobs in Massachusetts. To
be eligible for life sciences tax credits, a company must meet the requirements
set out in G.L. c. 23I, 5(b) and be certified by the Centers board. Qualifying
companies may receive multiple awards. Taxpayers may use Life Sciences Tax
Credits to offset up to 100% of taxable income under the provisions of G.L. c. 62,
6 (r) and c. 63, 38CC. If the amount of the credit exceeds taxable income, the
taxpayer may receive up to 90% of the value of the credit as a refund. There is
no specific limit on the amount of an award per net new full-time job created,
which is within the discretion of the Centers board, but the overall program is
subject to a $25 million annual cap. See, G.L. c. 25I, 5(d), c. 62, 6(r)(4) and c.
63, 38CC(d).
c. How was the $40m calculated?
i. The $40m proposal represents the largest award ever to be made from the
program. Its calculation is based on up to 100 GE Health jobs and up to 600
corporate jobs be located in MA over the next five years. The award would be
made for FY18-FY20 receipt. The award is not based upon a formula, but is a
stretch from other awards that have been made.
2. What are the State energy efficiency contributions explanation of the program, eligibility
requirements, potential benefits, dollar level of support?
i. The funding for energy efficiency/renewable energy program is available from
the Mass Clean Energy Center (through the Alternative Compliance Payment
Fund) and from the Mass Save program. The maximum benefit to would be
derived, which would be based on a customized package customized for the
property selected. A minimum award of approximately $250,000 to a maximum
that could approach or equal $5m or more is possible.
Formatted: Not Highlight
Formatted: Not Highlight
ii. For a New publicly owned building (Option A), Mass Save (a program of the
utility companies) would be a key participant. Eversource and the MA
Department of Energy Resources (DOER) have expressed interest in working
with Massport as they do with other large customers to drive the a collaborative
efficiency project. Additionally, a publicly owned building could participate in
DOERs Leading by Example program (LBE), where ACP (Alternative Compliance
Payment controlled by the MA Clean Energy Center) funds could be utilized to
support energy efficiency/renewable upgrades, particularly around innovation
and new technology. There are currently not existing initiatives that these
scenarios fit into, but there could be future opportunities. LBE awards are
typically run through an application process. DOER/LBE could provide a grant
directly to Massport through a contract that would need to specify that
Massport would need to follow their DOER procurement and contracting rules
for any projects.
iii. A new privately developed building or an existing private office building could
also benefit from the same Mass Save program. A private building is not eligible
for DOERs LBE program, so any grant would need to be competitively procured
and follow state procurement law.
3. Property tax abatement what is the term and expected percentage?
i. The property tax abatement term is assumed to be ____ years and the
percentage of relief is expected to be _____%. The City is interested in both job
creation and the value of the building to be constructed. The assumption has
been 600 jobs and 150,000 s.f. of building , although the calculation as to value
is dependent on many other variables. Thus, the actual value of the tax
abatement will be dependent on the final project to be built, and whether it is
on private or public land.
4. What are the issues surround building a parking structure near a privately owned lot, ie is it just
availability of land/permitting?
i. We are willing to explore this possibility if it furthers GE plans. The major issue
is a general parking restriction that could impact any future offsite parking
proposal. Other issues include Among the issues on a parking structure is the
availability of land, the ability to secure permitting and the mix of public or
private parking that would be included in the structure. The State is willing to
engage in a discussion about a grant for the structure through either the
MassWorks or I-Cubed program. Available funding would be requested through
the normal application process. A typical MassWorks award for parking
structure has been in the would be $5m-$10m range, but that is not a hard
limit. The I-Cubed program could make an award of up to $50m for a garage,
dependent upon job growth numbers that are in excess of 600 (the 600 already
being used to calculate other incentives being offered and thus not available to
leverage this I-Cubed opportunity).
AttorneyClient
Privilege
New privately developed building Mass Save (as mentioned above) would be a key participant in any
energy efficiency building projects. Any DOER grants would need to be competitively procured and
follow state procurement law (laid out below).
Existing private office building Mass Save (as mentioned above) would be a key participant in any
energy efficiency building projects. Any DOER grants would need to be competitively procured and
follow state procurement law (laid out below).
From:
To:
Subject:
Date:
Attachments:

McMorrow, Paul (EOHED)
FW: Signed GE Headquarters Relocation Term Sheet
Tuesday, January 19, 2016 2:21:00 PM
GE Headquarters Relocation Terms.Jan13.2016.pdf
Paul, please see attached.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Sent: Friday, January 15, 2016 8:09 AM
To:
Polito, Karyn (GOV)
<karyn.polito@MassMail.State.MA.US>; Lepore, Kristen (ANF)
<kristen.lepore@MassMail.State.MA.US>; Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>;
Pollack, Stephanie (DOT) <stephanie.pollack@dot.state.ma.us>; Tom Glynn
<tglynn@massport.com>; Povich, Lon (GOV) <lon.povich@MassMail.State.MA.US>; Buckley,
Timothy (GOV) <timothy.buckley@MassMail.State.MA.US>; Conroy, Jim (GOV)
<jim.conroy@MassMail.State.MA.US>; Conroy, Jim (GOV) <jim.conroy@MassMail.State.MA.US>;
Sullivan, Jennifer F. (ANF) <Jennifer.F.Sullivan@MassMail.State.MA.US>; Morse, Elizabeth
<EMorse@massport.com>; Kennealy, Michael (EOHED)
<Michael.kennealy@MassMail.State.MA.US>; Frazier, Ricks (EOHED)
<ricks.frazier@MassMail.State.MA.US>; Garrity, Rob (DOT) <rob.garrity@dot.state.ma.us>
Cc: Zarrella, Lily (GOV) <lily.zarrella@MassMail.State.MA.US>; Wehrs, Brianna (GOV)
<brianna.wehrs@MassMail.State.MA.US>
Subject: Signed GE Headquarters Relocation Term Sheet
For our records.

Attached is a PDF version.
A signed original will also be provided.
From:
To:
Cc:
Subject:
Date:

Brown, Kevin W (DOR) (brownk@dor.state.ma.us)
Cosco, Jonathan (EOHED)
FW: Time for a quick call today?
Thursday, December 03, 2015 9:18:00 AM
Kevin
Attorney-Client Privilege
Ricks

Cc: Cosco, Jonathan (EOHED)
Subject: RE: Time for a quick call today?
OK as long as everyone understands my concern.
Amy Eisenstadt
State Tax Counsel
(cell)
From: Frazier, Ricks (EOHED) [mailto:ricks.frazier@MassMail.State.MA.US]

Subject: Re: Time for a quick call today?
That's how I read it, but the question of related entities still seemed to be of interest to the experts,
so I don't want to speak for them.
Sent from my iPhone

On Dec 1, 2015, at 7:45 PM, Eisenstadt, Amy (GE, Corporate) <amy.eisenstadt@ge.com> wrote:
This would not be our fact pattern but this part of the regulation seems to limit the
lessee credit to the fact pattern.
Amy Eisenstadt
State Tax Counsel
(cell)

I think were going to have to run this one past DOR. We did not discuss this scenario
and I would defer to their views.
Ricks

Are you saying this part of the regulation doesnt apply? How the calculation works,
perhaps with an example, for leased real property would be greatly appreciated.
(b) Lessor. The credit is generally not available to the lessor of eligible property. However, the credit
is available to a lessor for eligible property, other than tangible personal property, leased to a lessee
provided the relationship between the lessor and the lessee is:
1. an individual and a corporation if such individual owns, directly or indirectly, 100 percent of the
outstanding stock in the corporation;
2. a corporation and a partnership if the same persons own, directly or indirectly, 100 percent of the
outstanding stock in the corporation and 100 percent of the capital interest or profit interest in the
partnership;
3. a corporation and another corporation if the same persons own, directly or indirectly, 100 percent
of the outstanding stock in each corporation;
4. the fiduciary of the trust that holds the leased property and the sole grantor of the trust;
5. the fiduciary of the trust that holds the leased property and the fiduciary of another trust if the
same person is the sole grantor of both trusts;
6. the fiduciary of the trust that holds the leased property and the sole beneficiary of such property;
7. the fiduciary of the trust that holds the leased property and a corporation if the trust, the sole
grantor of the trust, or the sole beneficiary of the trust owns, directly or indirectly, 100 percent of the
outstanding stock in the corporation.
Amy Eisenstadt
State Tax Counsel
(cell)

Subject: FW: Time for a quick call today?
Amy
Here is the language and links to other relevant materials. What we are waiting for
from DOR is whether there is another regulation relating to useful life of real property
that might apply here. Our working assumption is that these are the applicable rules,
but they are checking to make sure we have not missed anything.
Ricks
From: Cosco, Jonathan (EOHED)

Heres the statutory language:
A corporation subject to tax under this chapter that participates in a certified project,
as defined in sections 3A and 3F of chapter 23A, may take a credit against the excise
imposed by this chapter to the extent authorized by the economic assistance
coordinating council established by section 3B of said chapter 23A, in an amount not
to exceed 50 per cent of such liability in a taxable year; provided, however, that the 50
per cent limitation shall not apply if the credit is refundable under subsection (b): (i)
for certified expansion projects and certified enhanced expansion projects, as defined
in said sections 3A and 3F of said chapter 23A, an amount up to 10 per cent; (ii) for
certified manufacturing retention projects, as defined in said sections 3A and 3F of said
chapter 23A, an amount up to 40 per cent of the cost of any property that would
qualify for the credit allowed by section 31A if the property were purchased by a
manufacturing corporation or a business corporation engaged primarily in research
and development and is used exclusively in a certified project, as defined in said
sections 3A and 3F of said chapter 23A; and, (iii) for certified job creation projects, as
defined in said sections 3A and 3F of said chapter 23A, an amount up to $1,000 per job
created, or up to $5,000 per job created in a gateway municipality as defined by
section 3A of chapter 23A or within a city or town whose average seasonally adjusted
unemployment rate, as reported by the executive office of labor and workforce
development, is higher than the average seasonally adjusted unemployment rate of
the commonwealth; provided, however, that the total award per project shall be no
more than $1,000,000; and further provided that a credit under this clause (iii) shall be
allowed only for the year subsequent to that in which the jobs are created. A lessee
may be eligible for a credit under this subsection for real property leased under an
operating lease.
M.G.L. c. 63, sec. 38N(a) (emphasis added). M.G.L. c. 62, sec. 6(g) has similar language.
The current regulation, 830 CMR 63.38N.1(6)(b), still provides that the credit is not
available for real property, but that has obviously been superseded by statutory
revision in 2009. However, DOR Technical Information Release 10-1 confirms that the
rules used to calculate the credit for leased real estate will be the same rules used to
calculate the credit for leased tangible personal property set out in Regulation 830
CMR 63.38N.1(6)(b). Heres a link to the regulation
http://www.mass.gov/dor/businesses/help-and-resources/legal-library/regulations/6300-taxation-of-corporations/830-cmr-6338n1-economic-opportunity-area-credit.html
and to the TIR http://www.mass.gov/dor/businesses/help-and-resources/legallibrary/tirs/tirs-by-years/2010-releases/tir-10-1-economic-development-incentive.html
___________________________________________
Jonathan M. Cosco
Senior Deputy General Counsel
Commonwealth of Massachusetts
One Ashburton Place, 21stFloor
Boston, MA 02114
617-788-3628
jonathan.cosco@state.ma.us

Amy
Sorry I disappeared this morning. For some reason cell coverage and even email
disappeared entirely.
We are still tracking down details on the EDIP lease issue, but have confirmed that a
lessee is eligible for EDIP credits, although the schedule for actually taking them may
be an extended one. DOR still owes us an answer on that question, but they would
definitely be available to you as a lessee.
When we hear more well get back to you.
Ricks

Sent: Tuesday, December 01, 2015 9:04 AM
Works for me. Should I send in a call-in number or do you want to call me?
Amy Eisenstadt
State Tax Counsel
(cell)

Can it be later this morning? Say around 11?

Sent from my iPhone
On Dec 1, 2015, at 8:53 AM, Eisenstadt, Amy (GE, Corporate)

I have two technical questions.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:
Michael.kennealy@MassMail.State.MA.US
Mike Kennealy
Fwd: 4pm call today
Friday, November 27, 2015 4:00:37 PM
Mike Kennealy
From: John Barros <john.barros@boston.gov>
Date: November 27, 2015 at 1:06:28 PM EST
Cc: "Cosco, Jonathan (EOHED)" <Jonathan.Cosco@MassMail.State.MA.US>,
"Milano, Peter (MOBD)" <peter.milano@MassMail.State.MA.US>
Subject: Re: 4pm call today
We will use the ML Strategies Conference Call Line
; passcode
I believe the following individuals will be on the call:
Mo Cowan, ML Strategies
Scott Roberti, GE
Amy Eisenstadt, GE State Tax Counsel
On Fri, Nov 27, 2015 at 12:34 PM, Kennealy, Michael (EOHED)
<Michael.kennealy@massmail.state.ma.us> wrote:
John can you send us info for 4pm call? Jon and Peter please join if
you can - I'll send some thoughts before. John who will be on?
Mike Kennealy
-John Barros
Chief of Economic Development
Office of Mayor Martin J. Walsh
6th Floor, Room 603
Boston City Hall, Boston MA 02201
t: 617-635-5729
http://www.cityofboston.gov
SHARE YOUR VISION. SHAPE OUR CITY.
http://imagine.boston.gov/
From:
To:
Subject:
Date:
Beaton, Matthew (EEA)

; Ash, Jay (EOHED); Povich, Lon (GOV); Kadish, Steven (GOV)
Fwd: Boston Business Journal- GE"s new energy company will create 200 new jobs in Boston
Wednesday, October 07, 2015 3:14:32 PM
GOV Email
Interesting article confusing everything else that is on the table

From: "Lorenz, Peter (EEA)" <Peter.Lorenz@MassMail.State.MA.US>
Date: October 7, 2015 at 2:43:11 PM EDT
To: "Beaton, Matthew (EEA)" <Matthew.Beaton@MassMail.State.MA.US>,
"Judson, Judith (ENE)" <Judith.Judson@MassMail.State.MA.US>
Cc: "Gerwatowski, Ron (EEA)"
<Ron.Gerwatowski2@MassMail.State.MA.US>, "Sieger, Daniel (EEA)"
<Daniel.Sieger@MassMail.State.MA.US>, "Bartlett, Ned (EEA)"
<Ned.Bartlett@MassMail.State.MA.US>, "Cahill, Alexandra (EEA)"
<Alexandra.Cahill@MassMail.State.MA.US>, "Singleton, Stolle (EEA)"
<Stolle.Singleton@MassMail.State.MA.US>, "Burgess, Dan (ENE)"
<Dan.Burgess@MassMail.State.MA.US>
Subject: Boston Business Journal- GE's new energy company will create 200
new jobs in Boston
GE's new energy company will create 200 new jobs in Boston
Boston Business Journal
Connecticut-based GE announced Wednesday that it's spinning out a "first-of-itskind" energy company that will be headquartered in Greater Boston.
The new energy company, to be called Current, will be headquartered in the
Greater Boston area with additional presence in Silicon Valley and will create
about 200 new jobs next year.
"Boston was an obvious choice for us for a lot of different reasons," said Deia
Campanelli, a spokeswoman for GE (NYSE:GE). "(Boston) is heavily investing
in renewable energy, it has great software talent and it gives us close proximity to
where many of our customers are in the region."
Current integrates GE's LED, solar, energy storage and electric vehicle businesses
with a software that can deliver and identify the most affordable, efficient energy
solutions required by customers, according to a release. The technology will help
customers save between 10 percent and 20 percent on their energy bills, and help
utility partners better manage their distributed load.
Current already has major customers including JPMorgan Chase, Walgreens,
Hilton Worldwide and Intel, who are testing the company's software.
The jobs created by Current will be in the areas of software, engineering and
product management. Campanelli said plans for the Boston office will be
finalized by early 2016. She didn't disclose how many square feet the company
would be needing.
Current's CEO will be Maryrose Sylvester, who was formerly president and CEO
at GE Lighting, a $3 billion enterprise. She plans to grow Current from annual
revenue of $1 billion to a $5 billion business by 2020, according to a release. The
company's revenue stream comes from existing products and technologies that
it's selling to customers, Campanelli said.
GE has a market capitalization of $278 billion.
Peter S. Lorenz
Communications Director
Executive Office of Energy and Environmental Affairs
100 Cambridge Street, Suite 900, Boston, MA 02114
Office: 617-626-1106 / Mobile: 617-680-6487
From:
To:

Polito, Karyn (GOV); Ash, Jay (EOHED); Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Sullivan,
Jennifer F. (ANF); Buckley, Timothy (GOV); Povich, Lon (GOV); Conroy, Jim (GOV)
Fwd: Boston means Innovation, Talent, Inspiration
Thursday, December 31, 2015 2:40:27 PM
GOV Email
Subject:
Date:
Fyi.
Sent from my iPhone
To: "Ann.Klee@ge.com" <Ann.Klee@ge.com>
Cc: "Cowan, Mo" <MCowan@mlstrategies.com>, Daniel Koh
<daniel.koh@boston.gov>, "john.barros@boston.gov"
<john.barros@boston.gov>, "Ash, Jay (EOHED)"
<jay.ash@MassMail.State.MA.US>, Tom Glynn <tglynn@massport.com>,
"Lepore, Kristen (ANF)" <kristen.lepore@MassMail.State.MA.US>
Subject: Re: Boston means Innovation, Talent, Inspiration
Ann:
Quick update.
We had a good call with Amy (and Scott?) with a focus on the Massport
development option. Happy to provide you an update and/or answer any
questions.
We all will be monitoring email this weekend, so please feel free to reach out with
any questions.
As suggested, we are also holding Monday, January 4 at 4:30 pm for a check-in
call.
We hope that you found the PowerPoint and the concept renderings helpful.
Best to you and your team and Happy New Year!
Steve
Sent from my iPhone
On Dec 30, 2015, at 5:54 PM, Kadish, Steven (GOV)
<steven.kadish@MassMail.State.MA.US> wrote:
Ann,
On behalf of the Governors Office and the Mayors Office,
attached is the presentation that we had mentioned that helps to
describe the strengths of the Boston area.
We believe it provides some helpful information.
Please let us know if you have any comments and/or would like any
further information.
We have appreciated the discussions with you and your team.
Please let us know if we may help with any other questions that you
may have.
As you had mentioned, the Governor and the Mayor are both
interested in talking with the Chairman.
Please let us know when next week or soon thereafter this makes
sense to happen.
Very best wishes and Happy New Year!
Steven Kadish and Daniel Koh
<Boston means Innovation Talent Leadership.Dec30.2015.pptx>
From:
To:
Subject:
Date:

Fwd: Call for noon tomorrow/Sunday
Sent from my iPhone

From: "Povich, Lon (GOV)" <lon.povich@MassMail.State.MA.US>
Date: November 29, 2015 at 12:50:56 PM CST
To: "Frazier, Ricks (EOHED)" <ricks.frazier@MassMail.State.MA.US>
Cc: "Kadish, Steven (GOV)" <steven.kadish@MassMail.State.MA.US>
Subject: Fw: Call for noon tomorrow/Sunday
adding Ricks
________________________________________
Cc: Wehrs, Brianna (GOV); Zarrella, Lily (GOV); Goodall, Devon (GOV); Ash,
Jay (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie (DOT); Garrity, Rob
(DOT); Povich, Lon (GOV); Elizabeth Morse; Tom Glynn; Buckley, Timothy
(GOV); Conroy, Jim (GOV); GOV Email Polito, Karyn (GOV); Sullivan, Jennifer F.
(ANF)
If I understand the format of the proposal, I think that there are 3 documents
needed:
1. Booklet of properties, including site information
2. Letter outlining the elements of the City-State proposal
3. An appendix type document that outlines the various statutes, application
process, how the calculations work. This document could also include the
parking discussion and requirements, as well as a possible comparison of key
state and local tax features comparing MA, CT and NY. This document could
work as a PowerPoint.
Sent from my iPhone
On Nov 29, 2015, at 11:33 AM, Kennealy, Michael (EOHED)
Attached please find two documents for our call today at 12pm:
- An update memo
- Jay's chart sent on Friday
Looking forward to speaking then.

Mike
________________________________________
From: Wehrs, Brianna (GOV)
Sent: Saturday, November 28, 2015 4:45 PM
Cc: Zarrella, Lily (GOV); Goodall, Devon (GOV); Ash, Jay
(EOHED); Kennealy, Michael (EOHED); Lepore, Kristen (ANF);
Pollack, Stephanie (DOT); Garrity, Rob (DOT); Povich, Lon (GOV);
Elizabeth Morse; Tom Glynn; Buckley, Timothy (GOV); Conroy,
Jim (GOV); GOV Email Polito, Karyn (GOV)
I just sent a calendar invite. Please let me know if there's any issues.
Brianna Wehrs
Executive Assistant to Governor Charlie Baker
Office: 617-725-4048
Cell: 617-483-3397
On Nov 28, 2015, at 4:36 PM, Kadish, Steven (GOV)
Brianna, Lily or Devon--please send out a calendar invite
for a call at noon tomorrow/Sunday for the folks copied
on this email.
Elizabeth: please invite Jim D if you would like.
If you have questions about the call, please contact Sec
Ash, Mike Kennealy or me.
Thx.
Steve
Sent from my iPhone
<Project Plum memo Nov. 29.docx>
<Project Plum - Chart of Second Offer.docx>
From:
To:
Subject:
Date:
Jay Ash
Fwd: Connecting you
Tuesday, January 12, 2016 9:29:43 AM
Jay - FYI.
Mike Kennealy
From: "Mcgaugh, James (GE Corporate)" <james.mcgaugh@ge.com>
Date: January 11, 2016 at 7:56:33 PM EST
To: "Buckley, Timothy (GOV)" <timothy.buckley@MassMail.State.MA.US>
Subject: Re: Connecting you
Thanks. I think we are all good for the moment. We may run the drill on
Wednesday but for now I think we can all breathe. We're going to connect with
Laura Oggeri
Chief of Communication cell
.
On Jan 11, 2016, at 7:53 PM, Buckley, Timothy (GOV)
<timothy.buckley@MassMail.State.MA.US> wrote:
OK. Thanks.
I have not contacted Mayor Walsh's office. Let me know if you
would like us to do that.
________________________________________
From: Mcgaugh, James (GE Corporate) <james.mcgaugh@ge.com>
Sent: Monday, January 11, 2016 7:20 PM
To: Buckley, Timothy (GOV); Kennealy, Michael (EOHED)
Subject: RE: Connecting you
Tim & Mike---thanks a bunch. I will share with our comms team.
The likely contact will be Una Pullizi or could be Seth Martin. One
or the other will reach out to you, Tim, at go-time. Jim
-----Original Message----From: Buckley, Timothy (GOV)

[mailto:timothy.buckley@MassMail.State.MA.US]
To: Kennealy, Michael (EOHED); Mcgaugh, James (GE Corporate)
Subject: RE: Connecting you
My cell is
-----Original Message----From: Kennealy, Michael (EOHED)

To: Jim McGaugh; Buckley, Timothy (GOV)
Subject: Connecting you
Jim, Tim - connecting you over email. Jim, do you want to call Tim
to discuss plan? Let me know if I can do anything else here.
Thanks,
Mike
Mike Kennealy
From:
To:
Subject:
Date:
Attachments:
Mike Kennealy
Fwd: Draft Incentive Letter for Project Plum
Thursday, November 19, 2015 4:45:42 PM
Joint Plum Letter - Draft.docx
ATT00001.htm
Plum Incentive narrative.docx
ATT00002.htm
I-Cubed Bond Sizing - Project Plum - 400 Empl - 100% Net New.pdf
ATT00003.htm
Mike Kennealy
From: John Barros <john.barros@boston.gov>
Date: November 19, 2015 at 4:44:02 PM EST
Cc: Lauren Jones <lauren.jones@boston.gov>, "Kennealy, Michael (EOHED)"
Subject: Draft Incentive Letter for Project Plum
Sec. Ash,
Attached, find the draft letter and incentive description for your review and
approval. Upon getting your edits and final approval we will format and place it
on letterhead for the Governor and Mayor's signatures tomorrow morning.
Thanks.
-John Barros
6th Floor, Room 603
t: 617-635-5729
JOINT STATE / CITY LETTERHEAD
DATE
Dear Mr. ____________________,
The Commonwealth of Massachusetts and the City of Boston are pleased to present a
joint proposal to welcome Project Plum to Boston. We strongly believe that Boston,
Massachusetts offers the thriving, healthy, and innovative ecosystem that Project Plum
is seeking in order to grow and succeed.
Boston is the hub of an expansive transportation infrastructure, including an
international airport within city limits. Our universities, hospitals, and research centers
are global engines of talent and innovation. And Massachusetts offers an unparalleled
quality of life for your current and prospective employees, featuring a vibrant cultural
scene, a sparkling waterfront, and access to all of New Englands natural and historic
amenities.
In addition to these advantages, we offer Project Plum a uniquely forward-thinking
partnership of public and private leaders. The enclosed booklet details the attractive
locations and incentives that you need to move your headquarters to Boston and grow
great jobs here. Our proposal offers both state and local incentives, including the states
Infrastructure Investment Incentive (I-Cubed) program, as well as local property tax
relief. Under this proposal, the state can provide up to $50 million in I-Cubed support at
the 400 job level. The amount of I-Cubed support that would benefit Project Plum is site
specific and dependent on a development projects infrastructure requirements. I-Cubed
support can be complemented by local property tax incentives. Similar to I-Cubed, the
exact amount of property tax incentives is dependent on the site selected. Given the
employment levels and the sites under consideration, the City anticipates property tax
incentives will range between $8 and $12 million (see the attached detailed summary of
incentives for details).
We are committed to supporting Project Plums relocation and expansion plans.
Specifically, we will establish a Joint State-City Task Force to provide a single point of
access to government services that support every step in the development and
relocation process. Bostons Concierge Relocation Services will also support your
employees as they transition to their new Massachusetts home.
We want to thank you for the opportunity to present this exciting proposal. We look
forward to working closely with you to support Project Plums innovation, growth, and
success in Boston.
Sincerely,
Charles D. Baker
Governor
Martin J. Walsh
Mayor of Boston
file:///sea-fp-sea-007/ricks.frazier$/My%20Documents/GE%20Extraction%201/ATT00001.htm[4/20/2016 12:01:44 PM]
DRAFT
Incentives
The State and City propose an incentive package utilizing the I Cubed program
supplemented with additional property tax relief for Project Plum. This combination,
which has been used together in previous incentive programs, provides the most
resource to support the project by leveraging the significant number of Plum jobs that
would be relocated to Boston. Both these incentive programs are dependent on the site
selected and the number of jobs Plum relocates to Boston. Since the exact number of
jobs is not yet known, the incentive amounts will be projected at 400 and 600 jobs for
illustration purposes.
I Cubed
I Cubed (Infrastructure Investment Initiative) is an incentive program that leverages
new state tax revenue generated by real estate projects to provide infrastructure
support to lower the cost of development. Many potential Project Plum sites have
significant infrastructure requirements that would benefit from I Cubed. I Cubed
funding can remove infrastructure expenses from the total cost of a project. The City
and State will work directly with the developer to ensure that infrastructure related
costs savings flow directly to Plum in the form of reduced occupancy costs.
Based on the projected revenue associated with new jobs and salary information
provided by Plum, the state can provide up to $50 million in I cubed support, the
maximum allowed under the enabling statute, at the 400 job level. The amount of
actual of I cubed support that would benefit Plum is site specific and dependent on a
development projects infrastructure requirements. A more refined estimate of I Cubed
support can be developed as Plum identifies specific sites that it is interested in
pursuing.
Property Tax Incentive

The City offers several property tax incentive programs to help enable the development
of a space suitable for Plum. The programs most likely to be employed include
payment in lieu of tax programs under Chapters 121A and 121B as well as Tax
Increment Financing (TIF) under the EDIP (Economic Development Incentive Program)
program. The choice of incentive is highly dependent on the site selected. For
example, 2 of the sites under consideration already have a Chapter 121A structure in
place. Other sites located on public land lend themselves to a Chapter 121B based
incentive. If neither of these options is available, a TIF can be employed provided that
there is new development that can provide a significant tax increment to be discounted.
Similar to I Cubed, the exact amount of the property tax incentive is dependent on the
site selected. Given the employment levels and the sites under consideration, the City
anticipates that it will be able to offer between $8 and $12 million in property tax
incentives.
Alternative Option
The State and Citys preferred approach is this combination of I Cubed and property tax
incentives. However, if Plum selects a site that cannot benefit from significant
infrastructure investment assistance provided under I Cubed, the City and State can
provide an alternative approach under the EDIP program. Here, the property tax
incentive described above would be delivered in the form of a TIF Agreement. The
State would supplement this assistance with an Investment Tax Credit that can extend
up to $[18] million at the 600 employee level.
Scenario 1 - 105,000 GSF Hypothetical Tech User (400 employees)

100% Net New
$50.0M - Bond Sizing (w/2 Years Interest Only - No BAN's - Current Sizing Regs)
11/19/2015
BAN Issuance Date
BAN Interest Rate
BAN Term (years)
Interest Payment Date
BAN Amount (in $000)
N/A
5.00%
N/A
Semi-annually July 1 and January 1 starting January __
-
Assumed Bond Issuance Date

Interest Rate
Bond Term (years)
Interest Only Period (Years)
Amortization (years)
1/1/2017
5.00%
30
2
28
Bond Amortization Date

Annually January 1 starting January 1, 2019
Bond Interest Payment Date
Semi-annually July 1 and January 1 starting January 2017
Maximum Bond Amount (in $000)
50,000
Fiscal Year Bond Period

Ending
Bond
Amort
Year
(A)
Principal
(B)
Interest
( C)
Debt Service
(D)
Balance Outstanding
(E)
(E2)
(F)
(G)
(H)
New State New State Tax Construction Tax Construction Tax Construction Tax
Tax Revenues
Revenues
Revenues or
Revenues or
Revenues
Available to
Available to Other Revenue Other Revenue Pledged to meet
Pay Debt
Pay Debt
Used to meet Current Year's
Service and
Service and
Current Year's 1.5X Coverage
Meet Meet Coverage
1.0X Coverage
Test
Coverage
Test
Test
Test
(FXM/PAG)
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
1/1/2016
1/1/2017
1/1/2018
1/1/2019
1/1/2020
1/1/2021
1/1/2022
1/1/2023
1/1/2024
1/1/2025
1/1/2026
1/1/2027
1/1/2028
1/1/2029
1/1/2030
1/1/2031
1/1/2032
1/1/2033
1/1/2034
1/1/2035
1/1/2036
1/1/2037
1/1/2038
1/1/2039
1/1/2040
1/1/2041
1/1/2042
1/1/2043
1/1/2044
1/1/2045
1/1/2046
1/1/2047
1/1/2048
1/1/2049
(1.0)
(2.0)
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
11.0
12.0
13.0
14.0
15.0
16.0
17.0
18.0
19.0
20.0
21.0
22.0
23.0
24.0
25.0
26.0
27.0
28.0
29.0
30.0
31.0
856
899
944
991
1,041
1,093
1,147
1,205
1,265
1,328
1,395
1,464
1,537
1,614
1,695
1,780
1,869
1,962
2,060
2,163
2,272
2,385
2,504
2,630
2,761
2,899
3,044
3,196
50,000
2,500
2,500
2,500
2,457
2,412
2,365
2,315
2,263
2,209
2,151
2,091
2,028
1,962
1,892
1,819
1,742
1,661
1,576
1,487
1,394
1,296
1,193
1,085
971
852
727
595
457
312
160
48,972
2,500
2,500
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
3,356
98,972
50,000
50,000
49,144
48,245
47,301
46,310
45,269
44,177
43,029
41,825
40,560
39,232
37,837
36,373
34,835
33,221
31,526
29,746
27,877
25,915
23,855
21,691
19,420
17,035
14,530
11,901
9,140
6,240
3,196
0
0
0
0
0
0
0
6,036
6,268
6,505
6,748
6,993
7,246
7,464
7,688
7,918
8,156
8,401
8,653
8,912
9,179
9,455
9,739
10,031
10,332
10,642
10,961
11,290
11,628
11,977
12,336
12,707
13,088
13,480
13,885
0
0
0
267,716
(BP)
6,036
6,268
6,505
6,748
6,993
7,246
7,464
7,688
7,918
8,156
8,401
8,653
8,912
9,179
9,455
9,739
10,031
10,332
10,642
10,961
11,290
11,628
11,977
12,336
12,707
13,088
13,480
13,885
267,716
2,739
1,635
589
-
4,962
(I)
(J)
(K)
(L)
Construction New State Tax
Projected Debt Projected Debt
Tax Revenues Revenue Plus Service Coverage Service Coverage
Available Construction Tax
for Bond Sizing for Bond Sizing
Balance Revenues Used
(Including
(Excluding
to Meet 1.5x Construction Tax Construction Tax
Coverage Test
Revenues)
Revenues)
(Iprior+F-H)
(E2+G+H)
(J/C)
(E2/C)
2,739
4,374
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
4,962
N/A
6,036
6,268
6,505
6,748
6,993
7,246
7,464
7,688
7,918
8,156
8,401
8,653
8,912
9,179
9,455
9,739
10,031
10,332
10,642
10,961
11,290
11,628
11,977
12,336
12,707
13,088
13,480
13,885
267,716
1.80
1.87
1.94
2.01
2.08
2.16
2.22
2.29
2.36
2.43
2.50
2.58
2.66
2.74
2.82
2.90
2.99
3.08
3.17
3.27
3.36
3.46
3.57
3.68
3.79
3.90
4.02
4.14
-
0.00
0.00
1.80
1.87
1.94
2.01
2.08
2.16
2.22
2.29
2.36
2.43
2.50
2.58
2.66
2.74
2.82
2.90
2.99
3.08
3.17
3.27
3.36
3.46
3.57
3.68
3.79
3.90
4.02
4.14
0.00
0.00
0.00
(M)
% of Debt Service
Covered by Construction
Tax Revenues - Annually.
% of Total Construction
Tax Revenue Applied to
Debt Service Cumulatively.
(An. G+H/C or Cum. G+H/F)
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Cumulative
Assumptions:
(1) Used the bond assumptions stated in section 51.06 (2)(l) of the regulations with level debt service at 5.0%.
(2) Construction tax revenues (Column F) can be carried forward for the purpose of meeting the 1.0X debt service test during construction period (Column G) and the 1.5X debt service test after construction period (Column H), if needed.
(3) Each year, construction revenues pledged (Column H) cannot be more than 50% of debt service. No waiver is assumed.
(4) Total construction revenues pledged (Column F +Column G) for the life of the bonds can not be more than 50% of total available contruction revenues (Column L). No waiver is assumed.
11/19/2015
Confidential - For Discussion Only
1 of 1
From:
To:
Subject:
Date:

Ash, Jay (EOHED); Kadish, Steven (GOV)
Fwd: GE"s new business called "Current" with headquarters in Boston
Saturday, October 24, 2015 9:08:00 PM
GOV Email
Fyi

From: "Judson, Judith (ENE)" <Judith.Judson@MassMail.State.MA.US>
To: "Beaton, Matthew (EEA)" <Matthew.Beaton@MassMail.State.MA.US>,
"Bartlett, Ned (EEA)" <Ned.Bartlett@MassMail.State.MA.US>, "Cahill,
Alexandra (EEA)" <Alexandra.Cahill@MassMail.State.MA.US>, "Gerwatowski,
Ron (EEA)" <Ron.Gerwatowski2@MassMail.State.MA.US>
Cc: "Burgess, Dan (ENE)" <Dan.Burgess@MassMail.State.MA.US>
Subject: GE's new business called "Current" with headquarters in Boston
Secretary and UnderSecretary,
When I was in San Diego last week to receive my award at the Energy Storage North
America Conference, I had an opportunity to meet with the storage team from GE to
discuss their new business venture called Current that will be headquartered here in
Boston.
I met with three people on the storage team, including the head of the business line, all
of whom I know from my previous work in the storage industry:
Dr. Pratima Rangarajan, General Manager Energy Storage
Joe Heinzmann, Senior Product Manager, Energy Storage
Justin Sabrsula, Renewable Energy Policy
Summary of the discussion:

 GE is launching a new integrated business
called Current that will include Solar, Lighting, Storage and EV chargers.
Their target market is large C&I customers and believe offering an integrated
solution with energy efficiency and renewables, along with new technologies,
is the way of the future. A key part of this new integrated solution will be
software and controls tying together the different components.
 This new business model has strong
support from the very top management of GE. The CEO of Current is Maryrose
Sylvester.
 The headquarters will be in Boston, either
right in the city or in one of the surrounding towns. The exact location has not
been selected yet. They want the headquarters to have a showcase
featuring all the technologies and how they can work together for their
customers to see and experience.
 Massachusetts was chosen for its
outstanding workforce and beat out California and Colorado. They like the
close proximity to universities, as well as our software engineers are more
familiar with products/widgets vs. California where they mostly do web
applications.
 Their senior management will be in Boston
in a couple of weeks and it may be a good opportunity to set up a meeting
with the Secretary and/or Governor. Let me know if you would like me to
coordinate.
 They are interested in coordinating with
DOERs energy efficiency programs and other opportunities to engage with MA
energy policy, including the storage initiative.
 Their storage business is taking off, they
have recently won a couple new contracts with California utilities for storage
projects in the 20 30 MW range.
Let me know if you have questions or would like me to work on coordinating a meeting
with GE.
Thanks,
Judith
Judith Judson
Commissioner
Massachusetts Department of Energy Resources
Ph: 617.626.7351 Fax: 617.727.0030
http://www.mass.gov/doer/
Creating a Cleaner Energy Future for the Commonwealth

Follow DOER on Twitter: http://twitter.com/MassDOER
Visit the Energy Smarts blog: www.mass.gov/blog/energy
From:
To:
Subject:
Date:
Attachments:
Meyers, Steven (GE, Corporate)

Fwd: MA NDA
Tuesday, July 21, 2015 3:08:33 PM
ATT00001.htm
Signed copy. Have this one signed if you can. Thx!!

Sent from my iPhone
From: "Kulish, Karen (GE, Corporate)"
Date: July 21, 2015 at 2:21:26 PM EDT
To: "Meyers, Steven (GE, Corporate)"
Cc: "Wertz, Tammy (GE, Corporate)"
Subject: MA NDA
Steve - Ann has signed it. We'll await the return from MA once signed.
Thanks,
Karen
Karen Kulish
O:
C:
Fairfield, CT 06828
-----Original Message----From: Kulish, Karen (GE, Corporate)

Sent: Tuesday, July 21, 2015 2:08 PM
To: Kulish, Karen (GE, Corporate)
Subject: Scanned from a Xerox Multifunction Printer
Please open the attached document. It was scanned and sent to you using a Xerox Multifunction Printer.
Attachment File Type: pdf, Multi-Page
Multifunction Printer Location: E1G101
Device Name: E1G-MFD01
For more information on Xerox products and solutions, please visit http://www.xerox.com
file:///sea-fp-sea-007/ricks.frazier$/My%20Documents/GE%20Extraction%201/ATT00001_1.htm[4/20/2016 12:01:52 PM]
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

Fwd: Meeting Confirmation, GE Team & Logistics - Massachusetts
Tuesday, July 21, 2015 6:24:29 PM
Plz respond to her

Sent from my Verizon Wireless 4G LTE smartphone
-------- Original message -------From: "Kulish, Karen (GE, Corporate)"

Date: 07/21/2015 3:05 PM (GMT-05:00)
Cc: "Kulish, Karen (GE, Corporate)"
Jay,
Please be sure that you provide to me a list of the names of EVERYONE, including any Security
personnel, who will be on site as I need to clear each individual through GE Security.
When we last spoke you indicated the Governor would not participate in the meeting. Of course if
that changes please advise.
I know youre working on your attendee list and bios and we look forward to receiving them.
Thank you,
Karen
Karen Kulish
O:
C:

Fairfield, CT 06828
From: Kulish, Karen (GE, Corporate)

To: jay.ash@state.ma.us
Jay,


Karen
Karen Kulish
O:
C:

Fairfield, CT 06828
From:
To:
Subject:
Date:
Jay Ash
Fwd: need a 2 minute call with you
FYI - interesting. Will set something up as early in day as possible.

Mike Kennealy
From: "Eisenstadt, Amy (GE, Corporate)"
<Michael.kennealy@MassMail.State.MA.US>, "john.barros@boston.gov"
<john.barros@boston.gov>
Subject: need a 2 minute call with you
Let me know what works for you. Tomorrow is fine. Weve ruined enough weekends.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:
Susan Saia
Fwd: Plum: MA Thank you
Wednesday, August 12, 2015 8:44:58 AM
Hi Susan - Karen's address below, thanks.

Mike Kennealy
From: "Kulish, Karen (GE, Corporate)"
Date: August 11, 2015 at 5:58:12 PM EDT
Cc: "Kulish, Karen (GE, Corporate)"
Subject: Plum: MA Thank you
Hi Mike,
I have a hard copy of the letter Ann emailed to Secretary Ash and am writing to
ask you to please send the mailing address to me. Sorry for the delay, as I was
out of the office for a couple of days and am just back in today.
Have a good evening!
Karen
Karen Kulish
O:
C:
Fairfield, CT 06828
From:
To:
Subject:
Date:
Attachments:

Ash, Jay (EOHED)
Fwd: Plum
meeting.ics
ATT00001.htm
Jay FYI - don't know what this is; I can call her.
Mike Kennealy
Subject: Fwd: Plum
Fyi
When: Dec 22, 2015 1:30:00 PM Where:
participant code
Attachment meeting_1.ics (0 Bytes) cannot be converted to PDF format.
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

Fwd: Project Plum -- Site visit
Thursday, August 27, 2015 2:24:32 PM
We'll talk tomorrow about this.

-------- Original message -------From: "Klee, Ann (GE, Corporate)"

Date: 08/27/2015 1:41 PM (GMT-05:00)
Subject: Project Plum -- Site visit
Jay,
I wanted to follow up on the scheduling of our visit to Boston and surrounding area. At this point,
were looking at September 15 and hope that works on your end. Our key point of contact for the
planning and logistics of the visit will be Brent Woodruff from CBRE, who works closely with us on
these kinds of projects.
If you could let me know who your point of contact will be, Brent will reach out to her/him and begin
the planning process, including potential sites that we would want to see and any other agenda
items. The plan is to cover everything in a day.
Many thanks.
Best,
ark
Ann R. Klee
Vice President
GE
Fairfield, CT 06824
(o)
(m)
From:
To:
Subject:
Date:
Jay Ash
Fwd: Project Plum
Jay, just to be clear on the deliverables Steve mentioned below, if we decide we still need, and we really put on
hold after call today:
1. Don't have anything specific yet.
2. Have content from Erica on MassWorks and Jen on I-Cubed.
3. Some good ideas from MLSC, MOBD and City.
So good starts on 2 and 3. Also, if we decide we need these we can do tomorrow and submit end of day in my
view.
Mike Kennealy
Date: December 6, 2015 at 11:53:37 AM EST
Cc: "Kennealy, Michael (EOHED)" <Michael.kennealy@MassMail.State.MA.US>, "Lepore, Kristen
(ANF)" <kristen.lepore@MassMail.State.MA.US>, "Sullivan, Jennifer F. (ANF)"
How fast can we move from questions to facts and tools and their application?
Or maybe we are already doing so?
We need to have something solid by tomorrow morning. I am hoping to see drafts of the 3 deliverables
by sometime this evening:
1. What we can do on some proposed Seaport locations
2. Examples of what has been done with the tools we are proposing
3. What can we offer at the existing Plum sites and for Connect
Let's please stay focused on the deliverables.
Thx.
Steve
Sent from my iPhone
On Dec 6, 2015, at 11:45 AM, Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>
wrote:
From today's call - MassWorks is most flexible, allowing for private expenditures that are
in the cause of economic development - thus, utilizing the MassWorks/EDIP option is
more flexible and direct than utilizing some form of I-Cubed. I am working up a list of
questions/points about the policy issues around utilizing more MassWorks, maybe as
much as $70-80m, for the direct subsidy of building a building. Simple and effective.
Will share the questions tonight.
________________________________________
Cc: Lepore, Kristen (ANF); Ash, Jay (EOHED)
Thanks for the info.

I'll be on the road then, so I'm iffy about joining.
In any case, look forward to an update.
Sent from my iPhone
<Michael.kennealy@MassMail.State.MA.US<mailto:Michael.kennealy@MassMail.State.MA.US>>
wrote:
10am. Just sent info.
Mike Kennealy
On Dec 6, 2015, at 7:21 AM, Kadish, Steven (GOV)
<steven.kadish@MassMail.State.MA.US<mailto:steven.kadish@MassMail.State.MA.US>>
wrote:
Please let me know when today's call is and I will try to join you.
Sent from my iPhone
wrote:
Discussed in concept on call and just emailed Jim D.
Mike Kennealy
<kristen.lepore@MassMail.State.MA.US<mailto:kristen.lepore@MassMail.State.MA.US>>
wrote:
Did you ask massport to help with the marketing materials? They have a marketing
department. I asked Jen to make that request.
Sent from my iPhone
<Michael.kennealy@MassMail.State.MA.US<mailto:Michael.kennealy@massmail.state.ma.us>>
wrote:
Steve, it was a productive call discussing the various ways I-Cubed/MassWorks could be
utilized to their benefit on our sites while maintaining public benefit and other statute
requirements. Jay, Ricks and I are speaking tomorrow AM in more detail re: MassWorks
and Jen needs to consult outside counsel on some I-Cubed matters. Will reconvene larger
group after Jen has what she needs. Goal is to develop very specific scenarios on use of
funds on our sites. Jay is back and was on call and may have more to add.
Mike Kennealy
<steven.kadish@MassMail.State.MA.US<mailto:steven.kadish@MassMail.State.MA.US>>
wrote:
Not sure that I will be able to make, but I would like an update.
Will you be scheduling a call tomorrow?
I can do after 5 pm.
Sent from my iPhone
wrote:
Call info
Mike Kennealy
<Michael.kennealy@MassMail.State.MA.US<mailto:Michael.kennealy@MassMail.State.MA.US>>,
"Sullivan, Jennifer F. (ANF)"
<Jennifer.F.Sullivan@MassMail.State.MA.US<mailto:Jennifer.F.Sullivan@MassMail.State.MA.US>>,
"Doolin, James" <JDoolin@massport.com<mailto:JDoolin@massport.com>>, "Garrity,
Rob (DOT)" <rob.garrity@dot.state.ma.us<mailto:rob.garrity@dot.state.ma.us>>,
"Frazier, Ricks (EOHED)"
<ricks.frazier@MassMail.State.MA.US<mailto:ricks.frazier@MassMail.State.MA.US>>,
"Kreuter, Erica (EOHED)"
<Erica.Kreuter@MassMail.State.MA.US<mailto:Erica.Kreuter@MassMail.State.MA.US>>
Cc: "Ash, Jay (EOHED)"
<jay.ash@MassMail.State.MA.US<mailto:jay.ash@MassMail.State.MA.US>>, "Lepore,
Kristen (ANF)"
<kristen.lepore@MassMail.State.MA.US<mailto:kristen.lepore@MassMail.State.MA.US>>
access code
Mike
________________________________
(Jennifer.F.Sullivan@MassMail.State.MA.US<mailto:Jennifer.F.Sullivan@MassMail.State.MA.US>);
Doolin, James; Garrity, Rob (DOT); Frazier, Ricks (EOHED); Kreuter, Erica (EOHED)
I am emailing a group of people that I hope can work as a team this weekend and into
Monday to advance the Project Plum work. As you know, we presented a proposal to
Plum that relies heavily on I-Cubed and Massworks funding, and we also suggested some
sites. The good news from today is that we are very much in the game here, and the
company will be visiting Boston on Wednesday to look at sites, with a significant internal
meeting in about 10 days. (Note not clear yet what involvement they want from us on
Wednesday, possibly none though of course we are pushing).
As Steve and Sec. Lepore and I just discussed, we think our mission at this point is to
make this proposed infrastructure funding more tangible for them how could these
dollars be used to the direct benefit of their project? Said differently, our ~$100 MM
dollar proposal was $80 MM I-Cubed/MassWorks and $20 MM local property tax
incentives; they know how to value the $20 MM but are unsure how to value the $80
MM, and we need this proposal to look a lot closer to $100 MM than $20 MM, especially
in the face of competition offering incentives that are much easier to value.
To that end, there are two deliverables that we would like to send to the company by noon
on Monday:
1. A list/discussion of historical examples of I-Cubed and MassWorks projects. I have

attached a draft memo from Erica and the language that Jen provided for our letter. What
other examples can we provide, and in what level of detail, specifically ones that are as
analogous as possible to their project?
2. Specific examples of how I-Cubed and MassWorks could be deployed at the MCCA
and Massport sites. I have attached information about those sites. No site or building has
been ruled out, but initial guidance from Plums location advisor was to focus on the sites
vs. the buildings.
1. Could folks start giving consideration to #1 and #2 above and develop specific
ideas.
2. Could you please also suggest (if applicable) others from your organization that
could help in this effort.

On the call tomorrow, I would like to review what we think the deliverables should look
like and discuss specific examples. We can then decide what other needs we may have,
and plan the work over Sunday and into Monday.
I hope all of that makes sense and, as always, please call with questions. Please respond as
soon as you can with respect to your availability tomorrow at 4:30pm.
All the best,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Subject:
Date:
Mike Kennealy
Fwd: Project Plum
Sunday, December 06, 2015 9:53:13 AM
Mike Kennealy
<rob.garrity@dot.state.ma.us>, "Doolin, James" <JDoolin@massport.com>,
"Sullivan, Jennifer F. (ANF)" <Jennifer.F.Sullivan@MassMail.State.MA.US>,
"Frazier, Ricks (EOHED)" <ricks.frazier@MassMail.State.MA.US>, "Kreuter,
Erica (EOHED)" <Erica.Kreuter@MassMail.State.MA.US>
Cc: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>, "Lepore, Kristen
(ANF)" <kristen.lepore@MassMail.State.MA.US>, "Kadish, Steven (GOV)"
<steven.kadish@MassMail.State.MA.US>
If you are joining the 10am please use this number instead (previous number can
only accommodate limited number of callers)
Mike Kennealy
Same number tomorrow please 10am Jay, Mike, Ricks, Erica, others
if interested and available. Whole group to reconvene when Jen has
Mike Kennealy
It looks like we have folks available for a call at 4:30pm today. Please use this
number:
access code

group.
Mike

(EOHED)

pushing).




project?


2. Could you please also suggest (if applicable) others

3. Can we all get on a call tomorrow at 4:30pm to

discuss.

All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Subject:
Date:
John Barros
Fwd: Project Plum
Saturday, December 05, 2015 9:49:01 AM
Here is the dial in for 430.

Mike Kennealy
<Michael.kennealy@MassMail.State.MA.US>, "Sullivan, Jennifer F. (ANF)"
<Jennifer.F.Sullivan@MassMail.State.MA.US>, "Doolin, James"
<JDoolin@massport.com>, "Garrity, Rob (DOT)"
<rob.garrity@dot.state.ma.us>, "Frazier, Ricks (EOHED)"
Cc: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>, "Lepore, Kristen
(ANF)" <kristen.lepore@MassMail.State.MA.US>
access code
Mike

To: Jennifer F. Sullivan (ANF) (Jennifer.F.Sullivan@MassMail.State.MA.US); Doolin, James;
Garrity, Rob (DOT); Frazier, Ricks (EOHED); Kreuter, Erica (EOHED)
I am emailing a group of people that I hope can work as a team this weekend and into
Monday to advance the Project Plum work. As you know, we presented a proposal to
Plum that relies heavily on I-Cubed and Massworks funding, and we also suggested
some sites. The good news from today is that we are very much in the game here, and
the company will be visiting Boston on Wednesday to look at sites, with a significant
internal meeting in about 10 days. (Note not clear yet what involvement they want
from us on Wednesday, possibly none though of course we are pushing).
As Steve and Sec. Lepore and I just discussed, we think our mission at this point is to
make this proposed infrastructure funding more tangible for them how could these
dollars be used to the direct benefit of their project? Said differently, our ~$100 MM
dollar proposal was $80 MM I-Cubed/MassWorks and $20 MM local property tax
incentives; they know how to value the $20 MM but are unsure how to value the $80
MM, and we need this proposal to look a lot closer to $100 MM than $20 MM,
especially in the face of competition offering incentives that are much easier to value.
To that end, there are two deliverables that we would like to send to the company by
noon on Monday:
1. A list/discussion of historical examples of I-Cubed and MassWorks projects. I

have attached a draft memo from Erica and the language that Jen provided for
our letter. What other examples can we provide, and in what level of detail,
specifically ones that are as analogous as possible to their project?
2. Specific examples of how I-Cubed and MassWorks could be deployed at the

MCCA and Massport sites. I have attached information about those sites. No
site or building has been ruled out, but initial guidance from Plums location
advisor was to focus on the sites vs. the buildings.
1. Could folks start giving consideration to #1 and #2 above and develop specific
ideas.
2. Could you please also suggest (if applicable) others from your organization that
could help in this effort.
On the call tomorrow, I would like to review what we think the deliverables should look
like and discuss specific examples. We can then decide what other needs we may
I hope all of that makes sense and, as always, please call with questions. Please
respond as soon as you can with respect to your availability tomorrow at 4:30pm.
All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Subject:
Date:

Ash, Jay (EOHED)
Fwd: Revised Package
Will call you to discuss response.

Mike Kennealy
Cc: "Roberti, Scott (GE, Corporate)"
James (GE Corporate)"
Subject: Revised Package
, "Mcgaugh,
I heard from Ann that a revised package would be sent sometime before noon
tomorrow. I am going to suggest we do a call in the morning before its officially
approved for submission. This would give you an opportunity for feedback in case
some adjustments would make sense, as well as assist in keeping within the time
constraints we are all working under.
Im open most of the morning. Please let me know what works for you.
Thanks.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:

Ash, Jay (EOHED); Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer
F. (ANF); Tom Glynn; Elizabeth Morse; jdoolin; John Barros; Povich, Lon (GOV)
Daniel Koh
GE press release
Wednesday, January 13, 2016 2:00:58 PM
Press Release_GE moves HQ to Boston.docx
ATT00001.htm
Cc:
Subject:
Date:
Attachments:
Colleagues!
Attached is the official announcement!
A release from the Governor and Mayor will be out shortly.
A moment to celebrate.
And yes, there's good work to do ahead.
Nice work team!
Best,
Steve and Dan
From: "Martin, Seth (GE Corporate)" <seth.martin@ge.com>
To: "timothy.buckley@state.ma.us"
<timothy.buckley@massmail.state.ma.us>
Cc: "Latour, Deirdre A (GE, Corporate)"
Subject: press release
Seth Martin
Director, Financial & Corporate Communications
GE
203-572-3567 (mobile)
seth.martin@ge.com
PRESS RELEASE
GE MOVES HEADQUARTERS TO BOSTON

FAIRFIELD, Conn. January 13, 2016 GE today announced that it has selected Boston for its corporate
headquarters location.
GE aspires to be the most competitive company in the world, said GE Chairman and CEO Jeff Immelt.
Today, GE is a $130 billion high-tech global industrial company, one that is leading the digital transformation
of industry. We want to be at the center of an ecosystem that shares our aspirations. Greater Boston is home
to 55 colleges and universities. Massachusetts spends more on research & development than any other
region in the world, and Boston attracts a diverse, technologically-fluent workforce focused on solving
challenges for the world. We are excited to bring our headquarters to this dynamic and creative city.
GE has been considering the composition and location of its headquarters for more than three years. The
Company began its formal review in June 2015, with a list of 40 potential locations. Boston was selected after
a careful evaluation of the business ecosystem, talent, long-term costs, quality of life for employees,
connections with the world and proximity to other important company assets.
There is no material financial impact to GE related to the cost of the move. Working with GE, Massachusetts
and the City of Boston structured a package of incentives that provides benefits to the State and City, while
also helping offset the costs of the relocation to GE. GE will sell its offices in Fairfield and at 30 Rockefeller
Plaza in New York City to further offset the cost of the move.
The content of GEs headquarters will also change, with more emphasis on innovation. In Boston, GE will have
roughly 800 people; 200 from corporate staff and 600 digital industrial product managers, designers and
developers split between GE Digital, Current, robotics and Life Sciences. A GE Digital Foundry will be created
for co-creation, incubation and product development with customers, startups and partners. The remainder of
administration will be placed in shared service operations throughout the Company.
GE has a significant existing presence in Massachusetts, with nearly 5,000 employees across the state in
businesses including Aviation, Oil & Gas and Energy Management. In 2014, GE moved its Life Sciences
headquarters to Marlborough, and in 2015 GE announced its energy services start-up, Current, would also be
headquartered in Boston.
The headquarters will be located in the Seaport District of Boston. Employees will move to a temporary
location in Boston starting in the summer of 2016, with a full move completed in several steps by 2018. GE
will host a public briefing in Boston with government officials, and business and community leaders, on
February 18, 2016.
1
About GE
GE (NYSE: GE) is the worlds Digital Industrial Company, transforming industry with software-defined machines and
solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the
"GE Store," through which each business shares and accesses the same technology, markets, structure and intellect.
Each invention further fuels innovation and application across our industrial sectors. With people, services, technology
and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com
Media Contact:
Seth Martin, 203.572.3567
seth.martin@ge.com
Investor Contact:
Matt Cribbins, 203.373.2424
matthewg.cribbins@ge.com
From:
To:
Subject:
Date:
Attachments:
FYI
John Regan
Ash, Jay (EOHED)
GE Statement on CT Taxes v2
Monday, June 01, 2015 2:19:57 PM
GE Statement on CT Taxes v2.docx
GE STATEMENT ON POTENTIAL INCREASE TO CONNECTICUT TAXES

FAIRFIELD, CT June 1, 2015 Reports that Connecticut officials intend to raise taxes by another $750
million dollars are truly discouraging. Retroactively raising taxes again on Connecticuts residents,
businesses and services makes businesses, including our own, and citizens seriously consider whether it
makes any sense to continue to be located in this state. The Connecticut economy continues to struggle as
other states offer more opportunities and a better environment for business growth. It is essential that
Governor Malloy and legislative leaders find a more prudent and responsible path forward for Connecticut
and its citizens in their current budget negotiations.
###
About GE
GE (NYSE: GE) imagines things others dont, builds things others cant and delivers outcomes that make the
world work better. GE brings together the physical and digital worlds in ways no other company can. In its
labs and factories and on the ground with customers, GE is inventing the next industrial era to move,
power, build and cure the world. www.ge.com.
GE Contacts:
Seth Martin
Corporate Communications
P: 203.572.3567
E: seth.martin@ge.com
From:
To:
Subject:
Date:
Steffen, Mark (GOV)

Steffen, Mark (GOV)
Governor"s Office Press Clips 01.07.2016
Thursday, January 07, 2016 8:09:29 AM
MBTA:
Boston Herald:MBTAs runaway pay: Report reveals T paying workers top dollar
Boston Herald:Mayor: Schools may have to find the money for T hike
Boston Globe:Delays on Needham commuter rail line
Boston.com:The difference between fares and passes is the key to the MBTAs price increases
Fox 25:Bill pushed by head of state's transportation committee could help fund Green Line
expansion[VIDEO]
Fox 25:FOX25 Investigates crime at T stations[VIDEO]
WGBH:Aloisi: It Will Take More Than a Fare Hike To Fix The MBTA
Lynn Item:Editorial:You get what you pay for
Gun Control:
Boston Globe:Officials back bill mandating markings for fake guns
Boston Herald:President Obama seeks Mass. help with firearms agenda
Boston Herald:Peterson: Obama should tackle urban gun crime
DCF:
Boston Globe:Bella Bonds mother pleads not guilty
Boston.com:Mother of Bella Bond held on $1 million bail in toddlers death
Worcester T&G:Dianne Williamson: Judgment of Worcester toddler's mother is too hasty
Opioid Addiction:
AP:40 Mass. Communities To Get Funds For Anti-Overdose Drug

Boston.com:Massachusetts cities and towns will get $700,000 to fight the opioid epidemic
Metro:Forty Massachusetts cities and towns will get $700,000 for Narcan
Springfield Repub:Gov. Baker announces $700,000 in Narcan grants as Massachusetts towns

continue to battle heroin epidemic
Lowell Sun:Lowell, Fitchburg land state grants for naloxone
Worcester T&G:Worcester, Fitchburg, Leominster receive money for overdose drug
Worcester Mag:Governor, state DPH announce $700,000 in naloxone grants
WWLP:More Narcan coming to western Mass. communities[VIDEO]
Western Mass News:Five local cities to receive grants to purchase opioid reversal drug
Fall River Herald:High opioid overdose death rate lands naloxone grant for Fall River
Brockton Enterprise:Gov. Baker announces Narcan grant money for Brockton
WHDH:Several local communities to receive grants for opioid overdose reversal drug
MetroWest Daily:Framingham gets state grant to help it purchase opioid overdose reversal
drug
Quincy Patriot-Ledger:Quincy, Weymouth and Plymouth first responders receive Narcan

grants
Wicked Local:Gov. Baker announces $700,000 in Naxolone grants for first responders
Stoughton Journal:Gov. Baker announces Narcan grant money for Brockton
Other:
Boston Globe:Drivers license law may change
Boston Globe:Regulators approve $1.2b Vermont power line
Boston Herald:Hanscom may house children entering U.S. without parents

North of Boston Media:Editorial: Baker is right on need for fiscal discipline
SHNS:Baker plan would move driver citations into electronic realm
SHNS:Baker joins DeLeo, cabinet members at Boston hospital
Lynn Item:Baker stays in Swampscott for ideas about job creation
MetroWest Daily:Baker says it's a 'no-brainer': Framingham should be a city
News:
Boston Globe:
Editorial: The citys lawyer needs to stay out of politics
Fear of deportations swirls in state
Mass. police chiefs urge fingerprinting for Uber drivers
Decision expected from GE this month
Mass. lawmakers hear testimony on bike safety proposals
Panel orders police recruit reinstated
Abraham: City Hall not open to all, lawyers rise suggests
Garcia: Immigrants deliver the day
Boston apartment rents up nearly 6 percent in 2015
Boston Herald:
Editorial: Sex offender snafu
Sex offenders set to be delisted by court ruling
Walsh: Foes of Olympic Games had a point
Ex-Walsh aide among three lobbyists for Grand Prix
Handicapped time limit, scofflaws targeted
AP:
Lawmakers approve drug offender driver's license bill
SHNS:
Mass. DPH: Latest data shows more died by suicide than car crashes, homicides combined.
Senate plans pair of special elections on may 10th
IG: Abuse of disability parking placards rampant
Fortune:
Business Gets Schooled: A look into the battle over Common Core
CNHI:
Proposals would stop drivers' cellphone use
WGBH:
Bike Advocates Urge Safety Guards To Prevent Tractor Trailer Deathtraps
WBUR:
Massachusetts Education Again Ranks No. 1 Nationally
Bay State Banner:

Foreclosure activists fight to halt law
Fox 25:
Friends, family of victims push for new bike safety laws[VIDEO]
FOX25 Investigates uncovers disturbing allegations against former Swampscott

principal[VIDEO]
State Senator proposes harsher highway protesting fines[VIDEO]
Springfield Repub:
Editorial: Suicide figures among Massachusetts correctional officers paint frightening picture
Department of Homeland Security office in Springfield in disarray, wracked by internal

squabbling, court records show
Salem News:
Moulton confirms he will seek reelection
Lynn Item:
Posse Foundation rescues Lynn students
Lowell Sun:
Report: Ex-Lowell High headmaster left Swampscott post amid online sex-talk allegations
Fitchburg Sentinel:
Devens tour highlights manufacturing potential
New Bedford Standard-Times:

New Bedford mayor continues to push for retail, commercial uses at waterfront
New Bedford-area lawmakers pushing for ex-casino site plans
Cape Cod Times:

Editorial: Should state raise charter cap?
Greenfield Recorder:
Editorial: 5 issues that should be legislative priorities
From:
To:
Cc:
Subject:
Date:
Attachments:
Sullivan, Jennifer F. (ANF)

Amy Eisenstadt
Hypothetical I-Cubed Pricing Summary
Wednesday, November 25, 2015 3:12:38 PM
Commonwealth of MA, (Commonwealth Contract Assistance) - Hypothetical $50 Million New Money Cash Flows
11.24.2015.pdf
Amy,
I asked a banker who has worked on previous I-Cubed transactions to run a simulation of a
hypothetical I-Cubed bond issue pricing, had the bonds been offered yesterday. This is a
snapshot of yesterdays market at our current Commonwealth GO bond rating of AA+. I
need to caveat that the attached document does not constitute an offer to buy or sell actual
securities; it is just an example of how a bond issue might look for 30 year debt on a $50
million project. Different circumstances could produce different results. I hope this is
illustrative.
It was a pleasure speaking with you yesterday. If you have any additional questions about the
I-Cubed program or any other related matter, please do not hesitate to contact me. I look
forward to working with you. Have a happy Thanksgiving.
Regards,
Jennifer
Jennifer Sullivan
Assistant Secretary for Capital Finance
Executive Office for Administration and Finance
State House Room 373
Boston, Massachusetts 02133
P: (617) 727-2040 ext. 35432
Jennifer.F.Sullivan@massmail.state.ma.us
Nov 24, 2015 5:29 pm Prepared by J.P. Morgan Securities LLC
TABLE OF CONTENTS
Special Obligation Bonds (Commonwealth Contract Assistance)
**Proposed $50 Million New Money Financing**
Rates as of November 24, 2015.
Report
Page
Sources and Uses of Funds
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bond Summary Statistics
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bond Pricing
Bond Debt Service

Disclaimer
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Municipal Advisor Rules IRMA Exemption
. . . . . . . . . . . . . . . . . . . . . . .
Page 1
SOURCES AND USES OF FUNDS

Sources:
Bond Proceeds:
Par Amount
Premium
43,305,000.00
6,694,287.50
49,999,287.50
Uses:
Project Fund Deposits:
Project Fund
49,476,067.50
Delivery Date Expenses:

Cost of Issuance
350,000.00
Underwriter's Discount:
Other Underwriter's Discount
173,220.00
49,999,287.50
Page 2
BOND SUMMARY STATISTICS

Dated Date
Delivery Date
Last Maturity
12/09/2015
12/09/2015
05/01/2045
Arbitrage Yield
True Interest Cost (TIC)
Net Interest Cost (NIC)
All-In TIC
Average Coupon
2.939125%
3.792718%
4.180419%
3.850785%
4.991672%
Average Life (years)

Duration of Issue (years)
18.562
12.391
Par Amount
Bond Proceeds
Total Interest
Net Interest
Total Debt Service
Maximum Annual Debt Service
Average Annual Debt Service
43,305,000.00
49,999,287.50
40,124,380.56
33,603,313.06
83,429,380.56
2,840,450.00
2,838,270.36
Underwriter's Fees (per $1000)

Average Takedown
Other Fee
4.000000
Total Underwriter's Discount
4.000000
Bid Price
Bond Component
Serial Bonds Through 2035
Term Bond Maturing in 2040
115.058463
Par
Value
Price
Average
Coupon
Average
Life
PV of 1 bp
change
21,395,000.00
9,620,000.00
12,290,000.00
117.144
114.153
113.546
4.973%
5.000%
5.000%
11.665
22.492
27.492
16,692.10
8,369.40
10,569.40
18.562
35,630.90
43,305,000.00
TIC
All-In
TIC
Arbitrage
Yield
Par Value
+ Accrued Interest
+ Premium (Discount)
- Underwriter's Discount
- Cost of Issuance Expense
- Other Amounts
43,305,000.00
43,305,000.00
43,305,000.00
6,694,287.50
-173,220.00
6,694,287.50
-173,220.00
-350,000.00
6,694,287.50
Target Value
49,826,067.50
49,476,067.50
49,999,287.50
12/09/2015
3.792718%
12/09/2015
3.850785%
12/09/2015
2.939125%
Target Date
Yield
Page 3
BOND PRICING
Bond Component
Maturity
Date
Serial Bonds Through 2035:

05/01/2016
05/01/2017
05/01/2018
05/01/2019
05/01/2020
05/01/2021
05/01/2022
05/01/2023
05/01/2024
05/01/2025
05/01/2026
05/01/2027
05/01/2028
05/01/2029
05/01/2030
05/01/2031
05/01/2032
05/01/2033
05/01/2034
05/01/2035
Term Bond Maturing in 2040:

05/01/2036
05/01/2037
05/01/2038
05/01/2039
05/01/2040

05/01/2041
05/01/2042
05/01/2043
05/01/2044
05/01/2045
Yield to
Maturity
Call
Date
Call
Price
Premium
(-Discount)
Amount
Rate
Yield
Price
280,000
715,000
740,000
765,000
800,000
840,000
880,000
925,000
970,000
1,020,000
1,070,000
1,125,000
1,180,000
1,240,000
1,300,000
1,365,000
1,435,000
1,505,000
1,580,000
1,660,000
21,395,000
2.000%
3.000%
4.000%
4.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
0.200%
0.620%
0.900%
1.100%
1.300%
1.510%
1.710%
1.910%
2.080%
2.220%
2.390%
2.500%
2.620%
2.730%
2.810%
2.870%
2.920%
2.970%
3.020%
3.070%
100.709
103.298
107.326
109.635
115.752
118.013
119.846
121.212
122.382
123.453
121.843
120.814
119.703
118.695
117.969
117.427
116.978
116.532
116.087
115.644
C
C
C
C
C
C
C
C
C
C
2.589%
2.848%
3.076%
3.265%
3.410%
3.523%
3.618%
3.702%
3.778%
3.848%
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
1,740,000
1,830,000
1,920,000
2,015,000
2,115,000
9,620,000
5.000%
5.000%
5.000%
5.000%
5.000%
3.240%
3.240%
3.240%
3.240%
3.240%
114.153
114.153
114.153
114.153
114.153
C
C
C
C
C
4.078%
4.078%
4.078%
4.078%
4.078%
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
100.000
100.000
100.000
100.000
100.000
246,262.20
258,999.90
271,737.60
285,182.95
299,335.95
1,361,518.60
2,225,000
2,335,000
2,450,000
2,575,000
2,705,000
12,290,000
5.000%
5.000%
5.000%
5.000%
5.000%
3.310%
3.310%
3.310%
3.310%
3.310%
113.546
113.546
113.546
113.546
113.546
C
C
C
C
C
4.194%
4.194%
4.194%
4.194%
4.194%
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
100.000
100.000
100.000
100.000
100.000
301,398.50
316,299.10
331,877.00
348,809.50
366,419.30
1,664,803.40
43,305,000
1,985.20
23,580.70
54,212.40
73,707.75
126,016.00
151,309.20
174,644.80
196,211.00
217,105.40
239,220.60
233,720.10
234,157.50
232,495.40
231,818.00
233,597.00
237,878.55
243,634.30
248,806.60
254,174.60
259,690.40
3,667,965.50
6,694,287.50
Page 4
BOND PRICING
Dated Date
Delivery Date
First Coupon
12/09/2015
12/09/2015
05/01/2016
Par Amount
Premium
43,305,000.00
6,694,287.50
Production
Underwriter's Discount
49,999,287.50
-173,220.00
115.458463%
-0.400000%
Purchase Price
Accrued Interest
49,826,067.50
115.058463%
Net Proceeds
49,826,067.50
Page 5
BOND DEBT SERVICE

Period
Ending
Principal
Coupon
Interest
Debt Service
05/01/2016
05/01/2017
05/01/2018
05/01/2019
05/01/2020
05/01/2021
05/01/2022
05/01/2023
05/01/2024
05/01/2025
05/01/2026
05/01/2027
05/01/2028
05/01/2029
05/01/2030
05/01/2031
05/01/2032
05/01/2033
05/01/2034
05/01/2035
05/01/2036
05/01/2037
05/01/2038
05/01/2039
05/01/2040
05/01/2041
05/01/2042
05/01/2043
05/01/2044
05/01/2045
280,000
715,000
740,000
765,000
800,000
840,000
880,000
925,000
970,000
1,020,000
1,070,000
1,125,000
1,180,000
1,240,000
1,300,000
1,365,000
1,435,000
1,505,000
1,580,000
1,660,000
1,740,000
1,830,000
1,920,000
2,015,000
2,115,000
2,225,000
2,335,000
2,450,000
2,575,000
2,705,000
2.000%
3.000%
4.000%
4.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
839,180.56
2,121,900.00
2,100,450.00
2,070,850.00
2,040,250.00
2,000,250.00
1,958,250.00
1,914,250.00
1,868,000.00
1,819,500.00
1,768,500.00
1,715,000.00
1,658,750.00
1,599,750.00
1,537,750.00
1,472,750.00
1,404,500.00
1,332,750.00
1,257,500.00
1,178,500.00
1,095,500.00
1,008,500.00
917,000.00
821,000.00
720,250.00
614,500.00
503,250.00
386,500.00
264,000.00
135,250.00
1,119,180.56
2,836,900.00
2,840,450.00
2,835,850.00
2,840,250.00
2,840,250.00
2,838,250.00
2,839,250.00
2,838,000.00
2,839,500.00
2,838,500.00
2,840,000.00
2,838,750.00
2,839,750.00
2,837,750.00
2,837,750.00
2,839,500.00
2,837,750.00
2,837,500.00
2,838,500.00
2,835,500.00
2,838,500.00
2,837,000.00
2,836,000.00
2,835,250.00
2,839,500.00
2,838,250.00
2,836,500.00
2,839,000.00
2,840,250.00
40,124,380.56
83,429,380.56
43,305,000
Page 6
DISCLAIMER
This presentation was prepared exclusively for the benefit and internal use of the J.P. Morgan client to whom it is directly addressed and delivered
(including such
client's affiliates, the 'Client') in order to assist the Client in evaluating, on a preliminary basis, the feasibility of possible transactions referenced herein. The materials
have been provided to the Client for informational purposes only and may not be relied upon by the Client in evaluating the merits of pursuing transactions described
herein. No assurance can be given that any transaction mentioned herein could in fact be executed.
Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. Opinions and estimates constitute
our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. Any financial products
discussed may fluctuate in price or value. This presentation does not constitute a commitment by any J.P. Morgan entity to underwrite, subscribe for or place any
securities or to extend or arrange credit or to provide any other services.
J.P. Morgan's presentation is delivered to you for the purpose of being engaged as an underwriter, not as an advisor, (including, without limitation, a Municipal
Advisor (as such term is defined in Section 975(e) of the Dodd-Frank Wall Street Reform and Consumer Protection Act)). The role of an underwriter and its
relationship to an issuer of debt is not equivalent to the role of an independent financial advisor. The primary role of an underwriter is to purchase, or arrange for the
purchase of, securities in an arm's-length commercial transaction between the issuer and the underwriter.An underwriter has financial and other interests that differ
from those of the issuer. If selected as your underwriter, J.P. Morgan will be acting as a principal and not as your agent or your fiduciary with respect to the offering of
the securities or the process leading to issuance (whether or not J.P. Morgan or any affiliate has advised or is currently advising the Client on other matters). Any
portion of this presentation which provides information on municipal financial products or the issuance of municipal securities is given in response to your questions
or to demonstrate our experience in the municipal markets and does not constitute 'advice' within the meaning of Section 975 of the Dodd-Frank Wall Street Reform
and Consumer Protection Act. We encourage you to consult with your own legal and financial advisors to the extent you deem appropriate in connection with the
offering of the securities. If you have any questions concerning our intended role and relationship with you, we would be happy to discuss this with you further.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This material is not a product of the Research Departments of J.P. Morgan Securities LLC ('JPMS') and is not a research report. Unless otherwise specifically stated,
any views or opinions expressed herein are solely those of the authors listed, and may differ from the views and opinions expressed by JPMS's Research Departments
or other departments or divisions of JPMS and its affiliates. Research reports and notes produced by the Research Departments of JPMS are available from your
Registered Representative or at http://www.morganmarkets.com. JPMS's policies prohibit employees from offering, directly or indirectly, a favorable research rating
or specific price target, or offering to change a rating or price target, to a subject Client as consideration or inducement for the receipt of business or for compensation.
JPMS also prohibits its research analysts from being compensated for involvement in investment banking transactions except to the extent that such participation is
intended to benefit investors.
J.P. Morgan makes no representations as to the legal, tax, credit, or accounting treatment of any transactions mentioned herein, or any other effects such transactions
may have on you and your affiliates or any other parties to such transactions and their respective affiliates. You should consult with your own advisors as to such
matters.
IRS Circular 230 Disclosure: JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters included herein (
including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone not
affiliated with JPMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
This presentation does not carry any right of publication or disclosure, in whole or in part, to any other party, without the prior consent of J.P. Morgan. Additional
information is available upon request.
J.P. Morgan is the marketing name for the investment banking activities of JPMorgan Chase Bank, N.A., J.P. Morgan Securities LLC (member, NYSE), J.P. Morgan
Securities plc (authorized by the FSA and member, LSE) and their investment banking affiliates.
Page 7
MUNICIPAL ADVISOR RULES IRMA EXEMPTION

(a) This material is provided to you in reliance on the Independent Registered Municipal Advisor exemption pursuant to Section 15B of the Securities Exchange Act of
1934, as amended; (b) J.P. Morgan is not acting as an advisor to you and does not owe a fiduciary duty pursuant to Section 15B of the Securities Exchange Act of
1934, as amended, to you with respect to the information and material contained in this communication; (c) J.P. Morgan is acting for its own interests; (d) You should
discuss any information and material contained in this communication with any and all internal or external advisors and experts that you deem appropriate before
acting on this information or material; and (e) J.P. Morgan seeks to serve as an underwriter on a future transaction and not as a financial advisor or municipal advisor.
The information provided is for discussion purposes only in anticipation of being engaged to serve or in relation to our engagement as an underwriter. The primary
role of an underwriter is to purchase securities with a view to distribute in an arms-length commercial transaction. The underwriter has financial and other interests
that differ from yours.
TABLE OF CONTENTS
Report
Page
Sources and Uses of Funds
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bond Summary Statistics
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Bond Pricing
Bond Debt Service

Disclaimer
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Municipal Advisor Rules IRMA Exemption
. . . . . . . . . . . . . . . . . . . . . . .
Page 1
SOURCES AND USES OF FUNDS

Sources:
Bond Proceeds:
Par Amount
Premium
43,305,000.00
6,694,287.50
49,999,287.50
Uses:
Project Fund Deposits:
Project Fund
49,476,067.50
Delivery Date Expenses:

Cost of Issuance
350,000.00
Underwriter's Discount:
Other Underwriter's Discount
173,220.00
49,999,287.50
Page 2
BOND SUMMARY STATISTICS

Dated Date
Delivery Date
Last Maturity
12/09/2015
12/09/2015
05/01/2045
Arbitrage Yield
True Interest Cost (TIC)
Net Interest Cost (NIC)
All-In TIC
Average Coupon
2.939125%
3.792718%
4.180419%
3.850785%
4.991672%
Average Life (years)

Duration of Issue (years)
18.562
12.391
Par Amount
Bond Proceeds
Total Interest
Net Interest
Total Debt Service
Maximum Annual Debt Service
Average Annual Debt Service
43,305,000.00
49,999,287.50
40,124,380.56
33,603,313.06
83,429,380.56
2,840,450.00
2,838,270.36
Underwriter's Fees (per $1000)

Average Takedown
Other Fee
4.000000
Total Underwriter's Discount
4.000000
Bid Price
Bond Component
Serial Bonds Through 2035
115.058463
Par
Value
Price
Average
Coupon
Average
Life
PV of 1 bp
change
21,395,000.00
9,620,000.00
12,290,000.00
117.144
114.153
113.546
4.973%
5.000%
5.000%
11.665
22.492
27.492
16,692.10
8,369.40
10,569.40
18.562
35,630.90
43,305,000.00
TIC
All-In
TIC
Arbitrage
Yield
Par Value
+ Accrued Interest
+ Premium (Discount)
- Underwriter's Discount
- Cost of Issuance Expense
- Other Amounts
43,305,000.00
43,305,000.00
43,305,000.00
6,694,287.50
-173,220.00
6,694,287.50
-173,220.00
-350,000.00
6,694,287.50
Target Value
49,826,067.50
49,476,067.50
49,999,287.50
12/09/2015
3.792718%
12/09/2015
3.850785%
12/09/2015
2.939125%
Target Date
Yield
Page 3
BOND PRICING
Bond Component
Maturity
Date
Serial Bonds Through 2035:

05/01/2016
05/01/2017
05/01/2018
05/01/2019
05/01/2020
05/01/2021
05/01/2022
05/01/2023
05/01/2024
05/01/2025
05/01/2026
05/01/2027
05/01/2028
05/01/2029
05/01/2030
05/01/2031
05/01/2032
05/01/2033
05/01/2034
05/01/2035

05/01/2036
05/01/2037
05/01/2038
05/01/2039
05/01/2040

05/01/2041
05/01/2042
05/01/2043
05/01/2044
05/01/2045
Yield to
Maturity
Call
Date
Call
Price
Premium
(-Discount)
Amount
Rate
Yield
Price
280,000
715,000
740,000
765,000
800,000
840,000
880,000
925,000
970,000
1,020,000
1,070,000
1,125,000
1,180,000
1,240,000
1,300,000
1,365,000
1,435,000
1,505,000
1,580,000
1,660,000
21,395,000
2.000%
3.000%
4.000%
4.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
0.200%
0.620%
0.900%
1.100%
1.300%
1.510%
1.710%
1.910%
2.080%
2.220%
2.390%
2.500%
2.620%
2.730%
2.810%
2.870%
2.920%
2.970%
3.020%
3.070%
100.709
103.298
107.326
109.635
115.752
118.013
119.846
121.212
122.382
123.453
121.843
120.814
119.703
118.695
117.969
117.427
116.978
116.532
116.087
115.644
C
C
C
C
C
C
C
C
C
C
2.589%
2.848%
3.076%
3.265%
3.410%
3.523%
3.618%
3.702%
3.778%
3.848%
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
100.000
1,740,000
1,830,000
1,920,000
2,015,000
2,115,000
9,620,000
5.000%
5.000%
5.000%
5.000%
5.000%
3.240%
3.240%
3.240%
3.240%
3.240%
114.153
114.153
114.153
114.153
114.153
C
C
C
C
C
4.078%
4.078%
4.078%
4.078%
4.078%
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
100.000
100.000
100.000
100.000
100.000
246,262.20
258,999.90
271,737.60
285,182.95
299,335.95
1,361,518.60
2,225,000
2,335,000
2,450,000
2,575,000
2,705,000
12,290,000
5.000%
5.000%
5.000%
5.000%
5.000%
3.310%
3.310%
3.310%
3.310%
3.310%
113.546
113.546
113.546
113.546
113.546
C
C
C
C
C
4.194%
4.194%
4.194%
4.194%
4.194%
05/01/2025
05/01/2025
05/01/2025
05/01/2025
05/01/2025
100.000
100.000
100.000
100.000
100.000
301,398.50
316,299.10
331,877.00
348,809.50
366,419.30
1,664,803.40
43,305,000
1,985.20
23,580.70
54,212.40
73,707.75
126,016.00
151,309.20
174,644.80
196,211.00
217,105.40
239,220.60
233,720.10
234,157.50
232,495.40
231,818.00
233,597.00
237,878.55
243,634.30
248,806.60
254,174.60
259,690.40
3,667,965.50
6,694,287.50
Page 4
BOND PRICING
Dated Date
Delivery Date
First Coupon
12/09/2015
12/09/2015
05/01/2016
Par Amount
Premium
43,305,000.00
6,694,287.50
Production
Underwriter's Discount
49,999,287.50
-173,220.00
115.458463%
-0.400000%
Purchase Price
Accrued Interest
49,826,067.50
115.058463%
Net Proceeds
49,826,067.50
Page 5
BOND DEBT SERVICE

Period
Ending
Principal
Coupon
Interest
Debt Service
05/01/2016
05/01/2017
05/01/2018
05/01/2019
05/01/2020
05/01/2021
05/01/2022
05/01/2023
05/01/2024
05/01/2025
05/01/2026
05/01/2027
05/01/2028
05/01/2029
05/01/2030
05/01/2031
05/01/2032
05/01/2033
05/01/2034
05/01/2035
05/01/2036
05/01/2037
05/01/2038
05/01/2039
05/01/2040
05/01/2041
05/01/2042
05/01/2043
05/01/2044
05/01/2045
280,000
715,000
740,000
765,000
800,000
840,000
880,000
925,000
970,000
1,020,000
1,070,000
1,125,000
1,180,000
1,240,000
1,300,000
1,365,000
1,435,000
1,505,000
1,580,000
1,660,000
1,740,000
1,830,000
1,920,000
2,015,000
2,115,000
2,225,000
2,335,000
2,450,000
2,575,000
2,705,000
2.000%
3.000%
4.000%
4.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
5.000%
839,180.56
2,121,900.00
2,100,450.00
2,070,850.00
2,040,250.00
2,000,250.00
1,958,250.00
1,914,250.00
1,868,000.00
1,819,500.00
1,768,500.00
1,715,000.00
1,658,750.00
1,599,750.00
1,537,750.00
1,472,750.00
1,404,500.00
1,332,750.00
1,257,500.00
1,178,500.00
1,095,500.00
1,008,500.00
917,000.00
821,000.00
720,250.00
614,500.00
503,250.00
386,500.00
264,000.00
135,250.00
1,119,180.56
2,836,900.00
2,840,450.00
2,835,850.00
2,840,250.00
2,840,250.00
2,838,250.00
2,839,250.00
2,838,000.00
2,839,500.00
2,838,500.00
2,840,000.00
2,838,750.00
2,839,750.00
2,837,750.00
2,837,750.00
2,839,500.00
2,837,750.00
2,837,500.00
2,838,500.00
2,835,500.00
2,838,500.00
2,837,000.00
2,836,000.00
2,835,250.00
2,839,500.00
2,838,250.00
2,836,500.00
2,839,000.00
2,840,250.00
40,124,380.56
83,429,380.56
43,305,000
Page 6
DISCLAIMER
This presentation was prepared exclusively for the benefit and internal use of the J.P. Morgan client to whom it is directly addressed and delivered
(including such
client's affiliates, the 'Client') in order to assist the Client in evaluating, on a preliminary basis, the feasibility of possible transactions referenced herein. The materials
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Page 7
MUNICIPAL ADVISOR RULES IRMA EXEMPTION

(a) This material is provided to you in reliance on the Independent Registered Municipal Advisor exemption pursuant to Section 15B of the Securities Exchange Act of
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that differ from yours.
From:
To:
Subject:
Date:
Attachments:
Morse, Elizabeth
Kennealy, Michael (EOHED); Ash, Jay (EOHED); Kadish, Steven (GOV); Lepore, Kristen (ANF); Sullivan, Jennifer
F. (ANF); Ross, Robert (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Povich, Lon (GOV); Garrity,
Rob (DOT); Tom Glynn; Doolin, James
Massport Presentation
Massport 12 8 15 Deck v2.pdf
Attached please find a draft presentation from Massport. Please email or call with any edits. Thanks,
Elizabeth
Elizabeth Morse
Chief of Staff
One Harborside Drive, Suite 200S
East Boston, MA 02128
617-568-1007
emorse@massport.com
Massport

December 8, 2015
DRAFT 12/8/15 10 AM
Massport Overview
Aviation
Maritime Operations
Real Estate


2
Massport Real Estate

Successful History of Massport Developments
Massport Parcels in Seaport / Innovation District
Proposed Lease Terms

Massport is a Capable Development Partner
Long Term Ground Leases
Creative structure to lease arrangements
Demonstrated to be financeable
Ability to Execute
One-stop shopping
Demonstrated track record
Massport successfully permitted a master plan for Commonwealth
Flats that includes over 7 million square feet of mixed-use
development
Expedited / coordinated review by the Commonwealth and City of
4

Fidelity
o
o
o
o
Commonwealth Pier / World Trade Center (1996)

Seaport Hotel (1998)
East Office Building (2000)
West Office Building (2002)

Liberty Wharf Restaurant Row(2011)
Waterside Place Apartments (2014)
Fidelity
Investments
Seaport World
Trade Center
Boston
Massport Parcels in Seaport/Innovation District

Six Parcels for Consideration:
1. World Trade Center (WTC) Avenue
2. Parcel D-3
3. Summer Street Parcel
4. Parcel D-2
5. Parcel A-2
6. Parcel H
Massport Development Parcels South Boston

Parcel
A-2
Development site
adjacent to the
design)

Parcel
D-2
development
Air Rights
Garage Site
Parking provided in
Rights Garage
Parcel
D-3
Parcel H
Prominent views of
downtown
Line station
2.8 acre parcel

D Streets
Master plan program
650,000 sf
use
BCEC/Westin Hotel
Parcel D-3

structured parking
10
3 acre parcel
Summer Street
Frontage
sf
Parcel D-3

structured parking
Summer Street
E Street
South Boston
Transportation Plan
recommended
Summer Street
11
2.1 acre parcel
Parcel D-2
Center Avenue
development
250 room hotel
Air
Rights
Garage
Site

office
Parking provided in
design)
12
Parcel A-2
1.2 acre parcel

Center Avenue
Parcel
D-2
Parcel
D-3
Master plan program

sf, suitable for
Air Rights
Garage Site
Parcel H

WTC Station, with
potential direct
direct pedestrian
connection)
13
Parcel H
1.8 acre parcel

Street
Master plan program
sf, suitable for
Parcel
A-2
Air Rights
Garage Site

structured parking
ground)
Silver Line Station
Way and T Station
14
Proposed Lease Terms

Turnkey development
By Massport directly or through selected private development
entity
Tenant Improvements included

Construction costs for parking included
Flexible space lease terms create lower occupancy costs
In concert with Commonwealth / City investments, Massport can
offer lease rates that overall are at a significant discount to market
Early years at significant discount that gradually move to market
rates or discount applied over lease period
15

parking
16

fleets
17


aircraft fleets
18
19
Massport Air Cargo

themselves
Total Cargo & Mail:
585,459,955 lbs.
334,315,119 lbs.
203,877,671 lbs.
2014 October YTD
20
21
Massachusetts:
22
Appendix
27
Governing Documents
1956 Enabling Act

business facilities
Trust Agreement
requirements)

28
From:
To:
Cc:
Subject:
Date:
Attachments:
Kulish, Karen (GE, Corporate)

Ash, Jay (EOHED)
Meeting Confirmation, GE Team & Logistics - Massachusetts
Friday, July 10, 2015 4:51:49 PM
May Bio 1-2015.doc
Klee Bio.docx
Jay,


Karen
Karen Kulish
O:
C:

Fairfield, CT 06828
Matthew G. Cribbins
Vice President
2014.
January 2011.
CT.
Laurie F. Bevier

GE Corporate
Fairfield, CT
T:
E:
W: www.ge.com
equity.
EILEEN M. CAVANAUGH
"EILEEN"
GE Corporate
Fairfield, CT
1989.
Fairfield, CT 06431
Michelle May
GE
Purdue University.

intensity.
in 2007.
Chris Drumgoole
About IT at GE
business is done.
Ann R. Klee
GE, Fairfield, CT
Safety at GE.
Works.
Institute.
From:
To:
Subject:
Date:
Klee, Ann (GE, Corporate)

jay.ash@state.ma.us
Project Plum Follow up
Jay,
I tried to reach you earlier by phone to follow up on our meeting in Fairfield. Would you give me a
call at your convenience on my cell
. More details to follow, but we would like to
proceed to next phase with you and the MA team, including site visits to Boston and the area of
South of Boston that we discussed.
Thanks.
ark
Ann R. Klee
Vice President
GE
Fairfield, CT 06824
(o)
(m)
From:
To:
Subject:
Date:
Attachments:

jay.ash@state.ma.us
Project Plum
Thursday, July 23, 2015 9:56:27 AM
CONFIDENTIALITY AGREEMENT(participant).docx
Jay,
A couple of items as we prepare for our meeting next week.
First, if youre planning to include non-government people (e.g., business leaders) with you next
week to help present for Massachusetts, please make sure that they have signed an NDA. I am
attaching a version that is tailored for non-government individuals. Thanks.
Also please let me know if you have any special AV or IT needs for your presentation.
Finally, we are planning to provide beverages and light refreshments for you and members of your
delegation. We are sensitive that some states have strict policies that govern the provision of food
and beverage to government officials, so please let us know how we can best accommodate you.
Thanks again for your attention to the NDA. Please let me know if you have any questions.
Look forward to seeing you next week.
ark
Ann R. Klee
Vice President
GE
Fairfield, CT 06824
(o)
(m)
CONFIDENTIALITY AGREEMENT
This Confidentiality Agreement (this Agreement) is entered into this ___ day of
_________, 20___, by Participant ____________, (the Participant) for the benefit of Project
Plum, with General Electric Company a New York corporation (the Company).
RECITALS
WHEREAS, the Participant has been requested to participate in a confidential exchange of
information of a non-public nature between [the State], the Company and the Participant and its
agents, employees and representatives in connection with discussions regarding the potential
location of Companys international headquarters ( the Project); and
WHEREAS, in the course of its discussions with the Company relating to the Project, the
Participant may receive certain private and confidential proprietary information provided for
discussion concerning the Project from or about the Company, including but not limited to
investment information, project plans and requirements, technical and business information
regarding business operations and affairs, financial data, sales and marketing information,
specifications, drawings, sketches, data, documentation, correspondence or any other private or
proprietary ideas or information (Confidential Information); and
WHEREAS, the Participant has reviewed and acknowledges the Confidentiality Agreement
previously entered into between [the State] and the Company and understands that parties desire
to establish additional terms governing the disclosures of Confidential Information that will be
made by the Company to the Participant;
NOW, THEREFORE, in consideration of the covenants set forth herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and
intending to be legally bound, the parties agree as follows:
The Participant shall, with respect to any Confidential Information (a) hold the Confidential
Information in strict confidence using at least the same care and caution it affords its own
confidential information, but in no case less than a reasonable degree of care; (b) take any and all
steps which may be necessary and reasonable to protect the Confidential Information; (c) use the
Confidential Information only in connection with the Project; (d) reproduce the Confidential
Information only to the extent necessary in connection with the Project. The obligations of the
Participant to maintain the confidentiality of the Confidential Information it has received under
this Agreement shall continue for a period of three (3) years from the date of receipt of such
Confidential Information.
The Participant hereby acknowledges and agrees that (a) the term Confidential Information as
used herein also includes: (i) the fact that the Confidential Information has been made available
to the Participant; (ii) the fact that the Participant is discussing the Project with the Company;
and (iii) any of the terms, conditions or other facts with respect to the Project or other related
transactions, including the status thereof; and (b) any Confidential Information supplied by the
Company prior to the execution of this Agreement shall be subject to the same treatment as the
Confidential Information made available after the execution of this Agreement.
The obligations with respect to the Confidential Information under this Agreement shall not
apply to any Confidential Information which the Participant can show, by written evidence (a) is
in the public domain (provided that such information has not or does not come into the public
domain as the result of a disclosure by the Participant); (b) is received by the Participant on a
non-confidential basis from a source other than the Company (provided that such source is not
bound by a confidentiality agreement with the Company or another party).
The Participant shall not issue any press release or otherwise make any public announcement or
Participant with respect to the transactions contemplated in connection with the Project without
the prior written consent of the Company.
The disclosure of Confidential Information shall not be construed to grant to the Participant any
license, ownership or other proprietary interest in the Confidential Information. The Participant
agrees that it does not acquire any title, ownership, or other intellectual property right or license
in or to the Confidential Information by virtue of such disclosure, and all Confidential
Information (including tangible copies and computerized or electronic versions and summaries
thereof) shall remain the property of the Company.
Within ten (10) days following the receipt of a written request, the Participant shall deliver to the
Company all tangible materials containing or embodying the Confidential Information received
from the Company along with any copies, reproductions, and summaries thereof, together with a
certificate executed by the Participant certifying that all such materials in the Participants
possession have been delivered to the Company. That portion of the Confidential Information
which has been incorporated into analyses, compilations, comparisons, studies or other
documents prepared by the Participant or its Representatives shall be held by the Participant and
kept confidential as provided in this Agreement and shall not be used for any reason other than in
connection with the Project or shall be destroyed.
In the event any legal action is required to enforce this Agreement, each party shall bear its
representative attorneys fees and costs.
The Participant agrees that its obligations hereunder are necessary and reasonable to protect the
Company and expressly agrees that monetary damages might be inadequate to compensate the
Company for any breach of any covenant or agreement set forth herein. The Participant agrees
and acknowledges that any such violation or threatened violation may cause irreparable injury to
the Company and that, if deemed appropriate by the court presiding over the matter, the
Company (in addition to any other rights and remedies that may be available at law or in equity)
may be entitled to seek injunctive relief against the threatened breach of this Agreement or the
continuation of any such breach.
This Agreement shall be governed and interpreted under the laws of the Participant of New
York, without regard to its choice of law provisions.
Neither party shall assign this Agreement without the prior written approval of the other party.
This Agreement constitutes the entire understanding between the parties hereto as to Confidential
Information and merges all prior discussions between them relating thereto. No amendment or
modification of this Agreement shall be valid or binding on the parties unless made in writing
and signed on behalf of each of the parties by their respective duly authorized officers or
representatives.
This Agreement may be executed by facsimile signature in any number of counterparts, all of
which taken together shall constitute one in the same instrument.
No failure or delay by either party in exercising any right, power or privilege hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or
further exercise thereof or the exercise of any other right, power or privilege hereunder.
IN WITNESS WHEREOF, the parties have executed and delivered this Confidentiality
Agreement effective as of the date first written above.
______________
By: _________________________________
Name:
Title:
By: _________________________________
Name: Ann R. Klee
Title: Vice President, Global Operations
Environment, Health and Safety
From:
To:
Cc:
Subject:
Date:
Attachments:

jay.ash@state.ma.us
Meyers, Steven (GE, Corporate)
Project Plum
Monday, July 06, 2015 7:54:40 PM
image001.png
Project Plum NDA -- July 2015.docx
Jay,
Following up on our conversation, we would like to invite the Commonwealth of Massachusetts to

come to Fairfield, CT at end of July to engage in a discussion about the potential relocation of the GE
headquarters to the Boston area. As we discussed, I appreciate your including a representative
from the City on your team.
This is a significant decision for GE. While we want to move expeditiously, we also want to be
thoughtful in our process and are considering a number of factors including business and political
climate, impact on our employees, financial incentives, recruitment, quality of life and several other
issues of importance.
Our exploratory team has done some initial due diligence/screening. We are now in our second
phase where we are inviting a small group of States to come in and engage in a more detailed
discussion.
We will be scheduling those discussions for July 28-30 and later this week will send you a list of
issues/questions that we would like you to address, but also want you to feel free to present
whatever information that you think would be relevant to our decision. The meeting will be set for
2 hours. The members of the GE exploratory team will participate in the meeting.
It is very important to us that these discussions, and even the fact that we are engaged in discussions
with New York remain confidential. As is customary, we will ask that you sign an NDA which is
attached. Steve Meyers on our team will be available to discuss any questions related to the NDA.
He can be reached at
.
I will be your GE point of contact on the exploratory team. My contact information is

,
. I will send the template of issues that we would like you to address within the
next day and am also available any time to answer any questions you may have. Additionally, Karen
Kulish will be reaching out to schedule the meeting and will assist with logistics. Karens contact info
is,
. If you would give me your schedulers contact
information, Karen can reach out and work through the details.
We appreciate Governor Bakers interest in having GE relocate to Massachusetts and look forward to
our meeting at the end of July.
Ann R. Klee
Vice President
GE
Fairfield, CT 06824
(o)
(m)
This Confidentiality Agreement (this Agreement) is entered into this ___ day of
_________, 20___, by the State of ____________, (the State) for the benefit of Project Plum,
with General Electric Company a New York corporation (the Company).
RECITALS
WHEREAS, the State may receive from the Company information of a non-public nature for use
by the State and its agents, employees and representatives (collectively, Representatives) in
connection with discussions regarding the potential location of Companys international
headquarters in the State (the Project); and
WHEREAS, in the course of its discussions with the Company relating to the Project, the State
may receive certain private and confidential proprietary information provided for discussion
concerning the Project from or about the Company, including but not limited to investment
information, project plans and requirements, technical and business information regarding
business operations and affairs, financial data, sales and marketing information, specifications,
drawings, sketches, data, documentation, correspondence or any other private or proprietary ideas
or information (Confidential Information); and
WHEREAS, the parties desire to establish terms governing the disclosures of Confidential
Information that will be made by the Company to the State;
The State shall, with respect to any Confidential Information (a) hold the Confidential Information
in strict confidence using at least the same care and caution it affords its own confidential
information, but in no case less than a reasonable degree of care; (b) take any and all steps which
may be necessary and reasonable to protect the Confidential Information; (c) use the Confidential
Information only in connection with the Project; (d) reproduce the Confidential Information only
to the extent necessary in connection with the Project; and (e) restrict disclosure of the
Confidential Information only to Representatives whose duties justify the need to know the
Confidential Information in connection with the Project and who are advised as to the confidential
and proprietary nature of the Confidential Information and are required to comply with the
provisions of this Agreement. The obligations of the State to maintain the confidentiality of the
Confidential Information it has received under this Agreement shall continue for a period of three
(3) years from the date of receipt of such Confidential Information.
The State hereby acknowledges and agrees that (a) the term Confidential Information as used
herein also includes: (i) the fact that the Confidential Information has been made available to the
State; (ii) the fact that the State is discussing the Project with the Company; and (iii) any of the
terms, conditions or other facts with respect to the Project or other related transactions, including
the status thereof; and (b) any Confidential Information supplied by the Company prior to the
execution of this Agreement shall be subject to the same treatment as the Confidential Information
made available after the execution of this Agreement.
The State agrees to exempt from disclosure Confidential Information to the extent authorized by
applicable law, including state and federal Freedom of Information Acts, Open Door Law, Public
Records Law and other related local, state, and federal laws and ordinances that may be applicable.
The obligations with respect to the Confidential Information under this Agreement shall not apply
to any Confidential Information which the State can show, by written evidence (a) is in the public
domain (provided that such information has not or does not come into the public domain as the
result of a disclosure by the State); (b) is received by the State on a non-confidential basis from a
source other than the Company (provided that such source is not bound by a confidentiality
agreement with the Company or another party); or (c) is required to be disclosed by operation of
law, including but not limited to pursuant to the State and Federal Freedom of Information Acts
(provided that, promptly following receipt of a legal request and prior to making such disclosure,
the State has notified the Company of such request so that the Company may take action to
safeguard its interests, and the State shall cooperate with the Company in seeking to preserve the
confidentiality of the Confidential Information).
The State shall not issue any press release or otherwise make any public announcement or
statement with respect to the transactions contemplated in connection with the Project without the
prior written consent of the Company.
The disclosure of Confidential Information shall not be construed to grant to the State any license,
ownership or other proprietary interest in the Confidential Information. The State agrees that it
does not acquire any title, ownership, or other intellectual property right or license in or to the
Confidential Information by virtue of such disclosure, and all Confidential Information (including
tangible copies and computerized or electronic versions and summaries thereof) shall remain the
property of the Company.
Within ten (10) days following the receipt of a written request, the State shall deliver to the
certificate executed by the State certifying that all such materials in the States possession have
been delivered to the Company. That portion of the Confidential Information which has been
incorporated into analyses, compilations, comparisons, studies or other documents prepared by the
State or its Representatives shall be held by the State and kept confidential as provided in this
Agreement and shall not be used for any reason other than in connection with the Project or shall
be destroyed.
The State agrees that its obligations hereunder are necessary and reasonable to protect the
Company for any breach of any covenant or agreement set forth herein. The State agrees and
acknowledges that any such violation or threatened violation may cause irreparable injury to the
Company and that, if deemed appropriate by the court presiding over the matter, the Company (in
addition to any other rights and remedies that may be available at law or in equity) may be entitled
to seek injunctive relief against the threatened breach of this Agreement or the continuation of any
such breach.
This Agreement shall be governed and interpreted under the laws of the State of New York,
without regard to its choice of law provisions.
modification of this Agreement shall be valid or binding on the parties unless made in writing and
signed on behalf of each of the parties by their respective duly authorized officers or
representatives.
State of ______________
By: _________________________________
Name:
Title:
By: _________________________________
Name: Ann R. Klee
From:
To:
Subject:
Date:
Attachments:

Project Plum: MA Thank you
Mike,
Karen Kulish
O:
C:
Fairfield, CT 06828
From:
To:
Cc:
Subject:
Date:

Povich, Lon (GOV)
RE:
Thanks Lon - I am confirming required timing and deliverables with Plum advisors and awaiting something more definitive on EDIP.
From: Povich, Lon (GOV)

Cc: Kadish, Steven (GOV)
Subject:
Mike,
I'll keep you in the loop on everything I get. I assume that you have the pen on this, but am happy to help as I can.
Lon
P.S. My state iPhone is dead, so if you need me ASAP, call
. Thanks.
From:
To:
Cc:
Subject:
Date:

John Barros
Cosco, Jonathan (EOHED); Milano, Peter (MOBD)
RE: 4pm call today
Friday, November 27, 2015 7:52:03 PM
I think that's right John - had a few other things to discuss with you,
but from Peter and Jon we really need help on #1 and #2 - can you guys
help?
________________________________________
From: John Barros [john.barros@boston.gov]
Sent: Friday, November 27, 2015 5:00 PM
Cc: Cosco, Jonathan (EOHED); Milano, Peter (MOBD)
Subject: Re: 4pm call today
Mike,
1. Send the statutory wording the gives the administration the
discretion and authority to apply the $9,600 rate per job used to
calculate the $48M for EDIP
2. Send the minutes (pubic record) on vote for the IBM $5k and the
Liberty Mutual $3.7k per job decision if possible.
3. They would like the tax credit to be 100% refundable
4. An MOU would need to be written in regards to an application being
filed after an announcement
5. We need to give them what we have by Monday at 12pm.
On Fri, Nov 27, 2015 at 3:41 PM, Kennealy, Michael (EOHED)

<Michael.kennealy@massmail.state.ma.us> wrote:
> No. Want to discuss/introduce EDIP and MassWorks, hear their questions,
and then prepare something. We should talk about actual deliverable and
timing after this call.
>
> Mike Kennealy
>
>> On Nov 27, 2015, at 3:23 PM, John Barros <john.barros@boston.gov>
wrote:
>>
>> Do we have any calculations or schedules we would like to share with
>> them before the call?
>>
>>
>>
>>> On Fri, Nov 27, 2015 at 3:22 PM, John Barros <john.barros@boston.gov>
wrote:
>>> Not sure what Scott's title is.
>>> I'lll ask we all do intros on the Call.
>>>
>>>
>>> On Fri, Nov 27, 2015 at 2:18 PM, Kennealy, Michael (EOHED)
>>> <Michael.kennealy@massmail.state.ma.us> wrote:
>>>> Ok thanks. Who is Scott?

>>>>
>>>> Mike Kennealy
>>>>
>>>>> On Nov 27, 2015, at 1:06 PM, John Barros <john.barros@boston.gov>
wrote:
>>>>>
>>>>> We will use the ML Strategies Conference Call Line
>>>>>
>>>>>
; passcode
>>>>>
>>>>> I believe the following individuals will be on the call:
>>>>>
>>>>> Mo Cowan, ML Strategies
>>>>> Scott Roberti, GE
>>>>> Amy Eisenstadt, GE State Tax Counsel
>>>>>
>>>>>
>>>>> On Fri, Nov 27, 2015 at 12:34 PM, Kennealy, Michael (EOHED)
>>>>> <Michael.kennealy@massmail.state.ma.us> wrote:
>>>>>> John can you send us info for 4pm call? Jon and Peter please join
if you can - I'll send some thoughts before. John who will be on?
>>>>>>
>>>>>> Mike Kennealy
>>>>>
>>>>>
>>>>>
>>>>> ->>>>> John Barros
>>>>> Chief of Economic Development
>>>>> Office of Mayor Martin J. Walsh
>>>>> 6th Floor, Room 603
>>>>> Boston City Hall, Boston MA 02201
>>>>> t: 617-635-5729
>>>>> http://www.cityofboston.gov
>>>>>
>>>>> SHARE YOUR VISION. SHAPE OUR CITY.
>>>>> http://imagine.boston.gov/
>>>
>>>
>>>
>>> ->>> John Barros
>>> Chief of Economic Development
>>> Office of Mayor Martin J. Walsh
>>> 6th Floor, Room 603
>>> Boston City Hall, Boston MA 02201
>>> t: 617-635-5729
>>> http://www.cityofboston.gov
>>>
>>> SHARE YOUR VISION. SHAPE OUR CITY.
>>> http://imagine.boston.gov/
>>
>>
>>
>> ->> John Barros
>> Chief of Economic Development

>> Office of Mayor Martin J. Walsh
>> 6th Floor, Room 603
>> Boston City Hall, Boston MA 02201
>> t: 617-635-5729
>> http://www.cityofboston.gov
>>
>> SHARE YOUR VISION. SHAPE OUR CITY.
>> http://imagine.boston.gov/
-John Barros
6th Floor, Room 603
t: 617-635-5729
From:
To:
Subject:
Date:
John Barros
Re: 4pm call today
Saturday, November 28, 2015 10:42:52 AM
I would reach out to him but don't have contact info.

Mike Kennealy
> On Nov 28, 2015, at 9:53 AM, Kennealy, Michael (EOHED)
>
> Any time is good for me - do you want to email Mo and copy me and see
what works for him? Then you and I can talk before.
>
> Mike Kennealy
>
>> On Nov 28, 2015, at 9:49 AM, John Barros <john.barros@boston.gov>
wrote:
>>
>> Mike, I'm available today until 12pm. I can reach out to Mo is you can
>> talk during that time.
>>
>>
>>> On Nov 28, 2015, at 6:32 AM, Kennealy, Michael (SEA)
<michael.kennealy@state.ma.us> wrote:
>>>
>>> John, when can you talk today? And we can discuss but I think you and
I should do a call with Mo today to talk process generally, particularly
around site visits next week.
>>>
>>> ________________________________________
>>> From: John Barros [john.barros@boston.gov]
>>> Sent: Friday, November 27, 2015 5:00 PM
>>> To: Kennealy, Michael (EOHED)
>>> Cc: Cosco, Jonathan (EOHED); Milano, Peter (MOBD)
>>> Subject: Re: 4pm call today
>>>
>>> Mike,
>>>
>>> 1. Send the statutory wording the gives the administration the
>>> discretion and authority to apply the $9,600 rate per job used to
>>> calculate the $48M for EDIP
>>> 2. Send the minutes (pubic record) on vote for the IBM $5k and the
>>> Liberty Mutual $3.7k per job decision if possible.
>>> 3. They would like the tax credit to be 100% refundable
>>> 4. An MOU would need to be written in regards to an application being
>>> filed after an announcement
>>> 5. We need to give them what we have by Monday at 12pm.
>>>
>>>
>>>
>>> On Fri, Nov 27, 2015 at 3:41 PM, Kennealy, Michael (EOHED)
>>> <Michael.kennealy@massmail.state.ma.us> wrote:
>>>> No. Want to discuss/introduce EDIP and MassWorks, hear their

questions, and then prepare something. We should talk about actual
deliverable and timing after this call.
>>>>
>>>> Mike Kennealy
>>>>
>>>>> On Nov 27, 2015, at 3:23 PM, John Barros <john.barros@boston.gov>
wrote:
>>>>>
>>>>> Do we have any calculations or schedules we would like to share with
>>>>> them before the call?
>>>>>
>>>>>
>>>>>
>>>>>> On Fri, Nov 27, 2015 at 3:22 PM, John Barros
<john.barros@boston.gov> wrote:
>>>>>> Not sure what Scott's title is.
>>>>>> I'lll ask we all do intros on the Call.
>>>>>>
>>>>>>
>>>>>> On Fri, Nov 27, 2015 at 2:18 PM, Kennealy, Michael (EOHED)
>>>>>> <Michael.kennealy@massmail.state.ma.us> wrote:
>>>>>>> Ok thanks. Who is Scott?
>>>>>>>
>>>>>>> Mike Kennealy
>>>>>>>
>>>>>>>> On Nov 27, 2015, at 1:06 PM, John Barros <john.barros@boston.gov>
wrote:
>>>>>>>>
>>>>>>>> We will use the ML Strategies Conference Call Line
>>>>>>>>
>>>>>>>>
; passcode
>>>>>>>>
>>>>>>>> I believe the following individuals will be on the call:
>>>>>>>>
>>>>>>>> Mo Cowan, ML Strategies
>>>>>>>> Scott Roberti, GE
>>>>>>>> Amy Eisenstadt, GE State Tax Counsel
>>>>>>>>
>>>>>>>>
>>>>>>>> On Fri, Nov 27, 2015 at 12:34 PM, Kennealy, Michael (EOHED)
>>>>>>>> <Michael.kennealy@massmail.state.ma.us> wrote:
>>>>>>>>> John can you send us info for 4pm call? Jon and Peter please
join if you can - I'll send some thoughts before. John who will be on?
>>>>>>>>>
>>>>>>>>> Mike Kennealy
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> ->>>>>>>> John Barros
>>>>>>>> Chief of Economic Development
>>>>>>>> Office of Mayor Martin J. Walsh
>>>>>>>> 6th Floor, Room 603
>>>>>>>> Boston City Hall, Boston MA 02201
>>>>>>>> t: 617-635-5729
>>>>>>>> http://www.cityofboston.gov
>>>>>>>>
>>>>>>>> SHARE YOUR VISION. SHAPE OUR CITY.
>>>>>>>> http://imagine.boston.gov/
>>>>>>
>>>>>>
>>>>>>
>>>>>> ->>>>>> John Barros
>>>>>> Chief of Economic Development
>>>>>> Office of Mayor Martin J. Walsh
>>>>>> 6th Floor, Room 603
>>>>>> Boston City Hall, Boston MA 02201
>>>>>> t: 617-635-5729
>>>>>> http://www.cityofboston.gov
>>>>>>
>>>>>> SHARE YOUR VISION. SHAPE OUR CITY.
>>>>>> http://imagine.boston.gov/
>>>>>
>>>>>
>>>>>
>>>>> t: 617-635-5729
>>>>> http://www.cityofboston.gov
>>>>>
>>>>> http://imagine.boston.gov/
>>>
>>>
>>>
>>> ->>> John Barros
>>> Chief of Economic Development
>>> Office of Mayor Martin J. Walsh
>>> 6th Floor, Room 603
>>> Boston City Hall, Boston MA 02201
>>> t: 617-635-5729
>>> http://www.cityofboston.gov
>>>
>>> SHARE YOUR VISION. SHAPE OUR CITY.
>>> http://imagine.boston.gov/
From:
To:
Cc:
Subject:
Date:

GOV Email
Ash, Jay (EOHED); Povich, Lon (GOV); Buckley, Timothy (GOV); Conroy, Jim (GOV); Mahoney, Elizabeth
K. (GOV); Barrera, Joel (GOV)
Re: Boston Business Journal- GE"s new energy company will create 200 new jobs in Boston
Wednesday, October 07, 2015 3:53:24 PM
And just a point of clarification. I meant considering, not confusing. Even though it is a little
confusing!
On Oct 7, 2015, at 3:27 PM, Kadish, Steven (GOV)

Yesin many directions
From: Beaton, Matthew (EEA)

Sent: Wednesday, October 07, 2015 3:15 PM
To: GOV Email Ash, Jay (EOHED); Povich, Lon (GOV); Kadish, Steven (GOV)
Subject: Fwd: Boston Business Journal- GE's new energy company will create 200 new
jobs in Boston
Interesting article confusing everything else that is on the table

From: "Lorenz, Peter (EEA)" <Peter.Lorenz@MassMail.State.MA.US>
To: "Beaton, Matthew (EEA)"
<Matthew.Beaton@MassMail.State.MA.US>, "Judson, Judith (ENE)"
<Judith.Judson@MassMail.State.MA.US>
Cc: "Gerwatowski, Ron (EEA)"
<Ron.Gerwatowski2@MassMail.State.MA.US>, "Sieger, Daniel (EEA)"
<Daniel.Sieger@MassMail.State.MA.US>, "Bartlett, Ned (EEA)"
<Ned.Bartlett@MassMail.State.MA.US>, "Cahill, Alexandra (EEA)"
<Alexandra.Cahill@MassMail.State.MA.US>, "Singleton, Stolle (EEA)"
<Stolle.Singleton@MassMail.State.MA.US>, "Burgess, Dan (ENE)"
<Dan.Burgess@MassMail.State.MA.US>
Subject: Boston Business Journal- GE's new energy company will create
200 new jobs in Boston
GE's new energy company will create 200 new jobs in

Boston
Boston Business Journal
Connecticut-based GE announced Wednesday that it's spinning out a

"first-of-its-kind" energy company that will be headquartered in
Greater Boston.
The new energy company, to be called Current, will be headquartered
in the Greater Boston area with additional presence in Silicon Valley
and will create about 200 new jobs next year.
"Boston was an obvious choice for us for a lot of different reasons,"
said Deia Campanelli, a spokeswoman for GE (NYSE:GE). "
(Boston) is heavily investing in renewable energy, it has great
software talent and it gives us close proximity to where many of our
customers are in the region."
Current integrates GE's LED, solar, energy storage and electric
vehicle businesses with a software that can deliver and identify the
most affordable, efficient energy solutions required by customers,
according to a release. The technology will help customers save
between 10 percent and 20 percent on their energy bills, and help
utility partners better manage their distributed load.
Current already has major customers including JPMorgan Chase,
Walgreens, Hilton Worldwide and Intel, who are testing the
company's software.
The jobs created by Current will be in the areas of software,
engineering and product management. Campanelli said plans for the
Boston office will be finalized by early 2016. She didn't disclose
how many square feet the company would be needing.
Current's CEO will be Maryrose Sylvester, who was formerly
president and CEO at GE Lighting, a $3 billion enterprise. She plans
to grow Current from annual revenue of $1 billion to a $5 billion
business by 2020, according to a release. The company's revenue
stream comes from existing products and technologies that it's
selling to customers, Campanelli said.
GE has a market capitalization of $278 billion.
Peter S. Lorenz
Communications Director
Executive Office of Energy and Environmental Affairs
Office: 617-626-1106 / Mobile: 617-680-6487
From:
To:
Subject:
Date:
Attachments:

Kadish, Steven (GOV); Ash, Jay (EOHED); Frazier, Ricks (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer F.
(ANF); Tom Glynn; Morse, Elizabeth; jdoolin@massport.com; Pollack, Stephanie (DOT); Garrity, Rob (DOT);
Povich, Lon (GOV); john.barros@boston.gov; Daniel Koh; JPranckevicius
RE: Boston Project 4PM Call
Options Grid 4 vs 2.docx
Parcel A-2 summary JPD 12-12- 15.doc
A couple of items for the 4pm call today:
1. Options grid drafted by Jay.

2. A2 facts drafted by Jim.
Speak with you soon.
From: Zarrella, Lily (GOV)

To: Kadish, Steven (GOV); Ash, Jay (EOHED); Kennealy, Michael (EOHED); Frazier, Ricks (EOHED);
Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Tom Glynn; Morse, Elizabeth; jdoolin@massport.com;
Pollack, Stephanie (DOT); Garrity, Rob (DOT); Povich, Lon (GOV); john.barros@boston.gov; Daniel Koh
Subject: Boston Project 4PM Call
Hi all
I have sent out an invite for a 4pm call. The dial in is
know if there are any issues!
PIN
Please let me
Option
Massport
Parcels,
including A-2
Current
Owner
Massport
Future
Owner
Massport,
with
Massport
Board vote
required.
Incentives
Positive
Challenges
$120m in initial
lease
concessions
(MassWorks),
no board vote
required.
Publicly owned
requiring no
special legislation
or successful
private
negotiation.
Surrounding
areas still to be
built out.
Additional
lease
concessions, to
be negotiated
with Massport,
with a value of
$_____.
Permitting is
more straight
forward under
cooperative
relationship with
the city, thus
bringing more
time certainty to
the
development.
Offsite
streetscape
improvements
could be
included in
$25m of
additional
State
infrastructure
funding.
Public
ownership
allows for
maximum
State energy
efficiency
grant.
City tax relief
of up to $20m
or more
depending on
size of the
property and
employment
commitments.
Existing
Seaport
Private
Private
Approximately
$50m (MLSC)
Building size and

layout can be
right-sized for
the end tenant.
Experienced
developer who
can fully access
other public
supports.
Especially A-2
can be developed
with only one
tenant; private
vacant parcels
may require
multi-tenants.
New building will
likely allow for
maximum energy
efficiency
installations.
Already
constructed
Higher overall
cost will result to
Building
subject to a
board vote.
Offsite
streetscape
improvements
could be
included in
$25m of
additional
State
infrastructure
funding with
existing
building the
offsite
improvements
may not be a
significant.
building.
the company.
Increased
certainty as to
surrounding
build-out.
Securing the
transaction
which may
require a
substantial
premium will
eat into the value
of the $50m.
No lease
concessions are
available for the
company.
City will have less
flexibility on tax
relief on the
lease or purchase
of an existing
building.
Length of
negotiation for
purchase may
eclipse time
savings secured
through an
existing building.
Availability of
space in the
existing building
could delay
occupancy
further.
Building size and
layout may not
be right-sized for
the end tenant,
thereby adding
additional cost
and less
functionality.
Additionally
energy efficiency
benefits may be
harder to
achieve.
Existing
Seaport
Building
Private
Massport,
with
Massport
Board vote
required.
Assumption
here is that
Massport is
able to
acquire the
property.
$120m in initial
lease
concessions
(MassWorks),
no board vote
required.
Additional
lease
concessions, to
be negotiated
with Massport,
with a value of
$_____.
Offsite
streetscape
improvements
could be
included in
$25m of
additional
State
infrastructure
funding with
existing
building the
offsite
improvements
may not be a
significant.
Already
constructed
building.
Increased
certainty as to
surrounding
build-out.
Availability of
additional
parking may be
inhibited
depending upon
distance from
Massport garage.
Higher overall
cost will result to
the company.
Securing the
transaction
which may
require a
substantial
premium will
eat into the value
of the $120m, as
well as the ability
for more
favorable lease
concessions for
the company.
City will have less
flexibility on tax
relief on the
purchase of an
existing building.
Length of
negotiation for
purchase may
eclipse time
savings secured
through
purchasing a
building.
Building size and
layout may not
be right-sized for
the end tenant,
thereby adding
additional cost
and less
functionality.
Availability of
space in the
existing building
once acquired
could delay
occupancy
further.
Additionally
energy efficiency
benefits may be
harder to
achieve.
Availability of
additional
parking may be
inhibited
depending upon
distance from
Massport garage.
Vacant
Parcels
For example,
Parcel N is
owned by WS
Development,
called the
most
expensive
land in the
city, and not
currently
permitted for
office.
Parcel P is
designated to
a private
party from
the BRA, thus
Private
Private
Approximately
$50m (MLSC)
subject to a
board vote.
Offsite
streetscape
improvements
could be
included in
$25m of
additional
State
infrastructure
funding.
City tax relief
of up to $20m
or more
depending on
size of the
May be able to
select a higher
desired location.
Availability of
parcels for sale is
very uncertain.
Building size and

layout can be
right-sized for
the end tenant.
Higher overall
cost will result to
the company.
Increased
certainty as to
surrounding
build-out.
New building will
likely allow for
maximum energy
efficiency
installations.
Securing the
transaction
which may
require a
substantial
premium will
eat into the value
of the $120m, as
well as the ability
for more
favorable50m;
lease concessions
forare unlikely
is considered
to be under
private
control, in an
area not
currently
permitted for
office.
property and
employment
commitments.
from the
companyprivate
developer.
Length of
negotiation for
purchase may
result.
Permitting
process will not
be any shorter
and will likely be
longer and less
certain, as city
and state zoning
issues may add
mid to long term
delays in
construction.
(with possibility
that some
restrictions will
not be able to be
overcome).
Parcel will likely
be shared with
other users.
Vacant
Parcels
For example,
Parcel N is
owned by WS
Development,
called the
most
expensive
land in the
Private
Massport,
with
Massport
vote
required.
Assumption
here is that
Massport is
able to buy
the property.
$120m in initial
lease
concessions
(MassWorks),
no board vote
required.
Additional
lease
concessions, to
be negotiated
May be able to
select a higher
desired location.
Building size and
layout can be
right-sized for
the end tenant.
Increased
certainty as to
Availability of
additional
parking may be
inhibited
depending upon
distance from
Massport garage.
Availability of
parcels for sale is
very uncertain.
Higher overall
cost will result to
the company.
Securing the
transaction
which may
city, and not

currently
permitted for
office.
Parcel P is
designated to
a private
party from
the BRA, thus
is considered
to be under
private
control, in an
area not
currently
permitted for
office.
A lease of the
property
would
reduce the
ability for
lease
concessions
to be made.
with Massport,
with a value of
$_____.
Offsite
streetscape
improvements
could be
included in
$25m of
additional
State
infrastructure
funding.
Public
ownership
allows for
maximum
State energy
efficiency
grant.
City tax relief
of up to $20m
or more
depending on
size of the
property and
employment
commitments.
surrounding
build-out.
New building will
likely allow for
maximum energy
efficiency
installations.
require a
substantial
premium will
eat into the value
of the $120m, as
well as the ability
for more
favorable lease
concessions for
the company.
Local and state
land use issues
exist and will add
time and
uncertainty to
the process (with
possibility that
some restrictions
will not be able
to be overcome)..
Length of
negotiation for
purchase may
result.
Availability of
additional
parking may be
inhibited
depending upon
distance from
Massport garage.
TO:
Michael Kennealy, Assistant Secretary for Business Growth

FROM:
James Doolin, Chief Development Officer
SUBJECT:
Massport Parcel A-2
DATE:
December 12, 2015
Visibility
Located at the entrance to the Seaport / Innovation District coming from Logan
International Airport and points north.
Highly visible along the Congress Street corridor coming from downtown Boston.
Highly visible from the Boston Convention and Exhibition Center.
Views from the site to Boston Harbor.
Connections
Across the street from the World Trade Center MBTA Silver Line Station and Massports
Parking Garage (under design).
Ability to provide a direct and weather-protected pedestrian connection with Silver Line
Station and Garage.
Walk along World Trade Center Avenue to Boston Harbor and Seaport World Trade
Center or walk to the Boston Convention and Exhibition Center.
Immediate Neighbors and Amenities

(All within a 5 minute walk on / next to Massport property)
Employers
Fidelity 2,000 employees on Commonwealth Pier.

John Hancock 1,500 employees at 601 Congress Street.
Seaport WTC Campus office tenants include: Cabot Corp., AEW and many others.
Restaurants (within 5 minute walk)
Mortons Steakhouse
Legal Harborside
Legal Test Kitchen
Del Friscos Steakhouse
75 on Liberty Wharf
Aura Restaurant
M.C. Spiedos
Rosa Mexicana
Sebastians
Salvatores
Temezcal
Jerry Remys Grille
No-Name Restaurant
Hotels
Seaport Hotel Fidelity Real Estate investment.

Renaissance Boston Waterfront - Marriott.
Westin Boston Waterfront.
Residences
Waterside Place (Phase 1) 236 luxury apartments; Phase 2 under design.

Park Lane Seaport Apartments 465 luxury apartments.
Public Open Space
Massports Maritime Park on D Street.

Fidelitys Podium Park on WTC Avenue and Eastport Park on D Street.
From:
To:
Cc:
Subject:
Date:

Ash, Jay (EOHED)
Re: Boston project
Ricks,
Mike Kennealy
> On Dec 12, 2015, at 5:22 PM, Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US> wrote:
>
>
>
> -----Original Message----> From: Ash, Jay (EOHED)
> Sent: Saturday, December 12, 2015 7:40 AM
> To: Kennealy, Michael (EOHED); Frazier, Ricks (EOHED)
> Subject: RE: Boston project
>
> Im working on something
> ________________________________________
> From: Kennealy, Michael (EOHED)
> Sent: Saturday, December 12, 2015 7:04 AM
> To: Ash, Jay (EOHED); Frazier, Ricks (EOHED)
> Subject: Fwd: Boston project
>
> Jay, Ricks - apologies if you get this twice; not sure went through first time.
>
> Mike Kennealy
>
> Begin forwarded message:
>
> From: Mike Kennealy <mikekennealy@gmail.com<mailto:mikekennealy@gmail.com>>
> Date: December 12, 2015 at 7:02:27 AM EST
> To: "Kennealy, Michael (EOHED)"
> Subject: Boston project
>
> Jay, Ricks,
>
> Steve called last night and suggested that some thoughts be sent to the group ahead of the 10am call - Jay did you
say you were working on something or should I send? Mostly tied up before 10am (we're up in Kennebunkport)
but could send something high level. Initial thoughts/questions I had on scenarios below:
>
> 1a - say that we're still good for $120 MM, but very different lease since we had to buy the property?
>
> 1b, 1c - no idea what we could do here. We wouldn't own the building, no capex so no EDIP
>
> 2 - I don't know sites N or P - just texted Barros.
>
> 2a - Massport acquiring a parcel through a swap shouldn't change our offer at all. Really need Massport to weigh
in on this, and everything else.
>
> 2b-d - EDIP could be used here, 10% of capex. Reminder on Liberty Mutual deal - $353 MM capex, $22.5 MM
EDIP, 600 jobs.
>
> Other thought - MLSC. By statute can only do $25 MM per year in tax credits. Would we say $5-10 MM per
year for 5 years to plug any holes in a new proposal?
>
> Question - how would local incentives play in these various scenarios? Asked Barros but I'm sure Ricks will have
a view.
>
> Could always use MassWorks or I-Cubed particularly for garage.
>
> Tools:
> $120 MM in development (note - assuming $120 MM cap and floor on whatever we do) MassWorks/I-Cubed
EDIP MLSC Local Other?
>
> Mike
From:
To:
Subject:
Date:

Goodall, Devon (GOV); Ash, Jay (EOHED); Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF); Povich, Lon
(GOV); Daniel Koh; John Barros; rene.lefevre@boston.gov; david.sweeney@boston.gov; Tom Glynn; Elizabeth
Morse; jdoolin; JPranckevicius
Re: Call at 4:30pm - Boston Project
Boston project
Sent from my iPhone
On Dec 23, 2015, at 11:34 AM, Goodall, Devon (GOV)
<devon.goodall@MassMail.State.MA.US> wrote:
Mo Cowans assistant said that she has the call with GE in his calendar for 4:30pm.
Dial in:
PIN:
Devon Goodall
Office of Governor Charlie Baker
Massachusetts State House Room 360
O: 617-725-4000
C: 617-483-3399
Email: devon.goodall@massmail.state.ma.us
From:
To:
Cc:
Subject:
Date:
Attachments:

Wehrs, Brianna (GOV); Kadish, Steven (GOV)
Zarrella, Lily (GOV); Goodall, Devon (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie (DOT);
Garrity, Rob (DOT); Povich, Lon (GOV); Elizabeth Morse; Tom Glynn; Buckley, Timothy (GOV); Conroy, Jim
(GOV);
Polito, Karyn (GOV); Sullivan, Jennifer F. (ANF)
RE: Call for noon tomorrow/Sunday
Sunday, November 29, 2015 11:33:07 AM
Project Plum memo Nov. 29.docx
Project Plum - Chart of Second Offer.docx
Attached please find two documents for our call today at 12pm:
- An update memo
- Jay's chart sent on Friday
Looking forward to speaking then.
Mike
________________________________________
From: Wehrs, Brianna (GOV)
Cc: Zarrella, Lily (GOV); Goodall, Devon (GOV); Ash, Jay (EOHED);
Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie
(DOT); Garrity, Rob (DOT); Povich, Lon (GOV); Elizabeth Morse; Tom Glynn;
Polito, Karyn (GOV)
I just sent a calendar invite. Please let me know if there's any issues.
Brianna Wehrs
Executive Assistant to Governor Charlie Baker
Office: 617-725-4048
Cell: 617-483-3397
> On Nov 28, 2015, at 4:36 PM, Kadish, Steven (GOV)
>
> Brianna, Lily or Devon--please send out a calendar invite for a call at
noon tomorrow/Sunday for the folks copied on this email.
>
> Elizabeth: please invite Jim D if you would like.
>
> If you have questions about the call, please contact Sec Ash, Mike
Kennealy or me.
>
> Thx.
> Steve
>
PROJECT PLUM UPDATE MEMO
NOVEMBER 29, 2015
The following is a summary of where we are with the various pieces of the package for Project Plum,
with objectives outlined, decisions to be made, and items for consideration. This is essentially an update
to Jays chart sent on Friday, which is also attached for reference. One note for this purpose
objectives means business development objectives or, in other words, what we suggest to put forward
to win the deal; obviously there are other considerations, some of which I will outline here and others
that I expect well discuss on the call. The package, as now contemplated, consists of three parts
incentives, real estate and other items:
I. INCENTIVES
Objective
Deliver to Plum a package of State and City incentives totaling ~$100 MM.
State incentives
We are contemplating use of the Economic Development Incentive Program (EDIP). The deal we
propose is $42 54 million over a 5 year period for 400 600 jobs. Those jobs equate to an annual
payroll (at salary levels indicated by Plum) of $112 144 million. At the mid-point of the range, this is
$48 million for 500 jobs or $96K per job; this is quite high by historical standards but in line with
historical precedent on a pro forma, per $100K jobs, basis.
We also propose to use MassWorks funding of up to $32 MM for site improvements if a public site is
selected.
City incentives
The City has proposed a local property tax abatement of $20 MM over a 20 year period dependent on
600 jobs.
Questions/issues
1. How much of our EDIP award can be refundable? Plum wants 100%, despite having tax liability in
Massachusetts. Under current statute it appears that we can only do $1 MM total of the ~$48 million
that is refundable as a Job Creation Project. HED counsel considering other ways to maximize the
refundable amount.
2. If we are severely limited in our ability to offer refundable credits, do we say that we will attempt to
amend the statute as part of our economic development bill or propose special legislation?
3. How will the Boston incentive scale up or down based on actual job numbers? Boston considering
and will respond.
4. Boston said last night that they may want to include language allowing them to give a lower incentive
if the site ultimately is in the Seaport; I discouraged them from doing this.
5. Plum wants detail on EDIP and MassWorks statutes to confirm that the EACC has the discretion for an
award of this magnitude and on the refundable vs non-refundable buckets HED pulling this together.
6. Plum is concerned about PR and wants to see examples of what was in the public record for other
deals (application, meeting minutes, press release, etc.) and want to agree on an MOU before any EACC
meeting notice.
7. How will we use MassWorks if a private site is selected? This is difficult, and argues for encouraging
Plum to select a public site such that we can provide more incentive.
II. REAL ESTATE

Objective
Deliver to Plum a proposal on publicly-owned sites such that we are increasing the economic value of
our offer and maximizing our ability to use MassWorks funding as part of our package. Plum is clearly
now looking for $100 MM in incentives plus value of real estate. Plum may be visiting sites this week.
We now have good profiles/maps of each site.
Sites
There are currently 5 publicly-owned sites under consideration:
State-owned
Massport sites
MCCA sites
DOT District 6
City-owned
Court Street
6 Tide Street
For each site we propose to present:
- Value of site for Massport and MCCA this would be value of land value per building square foot for a
long term lease; for DOT this would be a market level of rent.
- Discount we propose off of market value (land or rent).
- Resulting economic value to Plum.
We are receiving input on value from:
- BRA
- Massport (their estimate of land value per building square foot is $85 - $90 for Massport sites)
- CBRE (advisor to Plum)
Questions/issues
1. Do we have a preference for what site Plum selects?
2. What deal are we willing to propose for each site?
III. OTHER ITEMS
Jays chart itemizes the other proposed features of our offer, though a few additions and questions:
1. Re: Boston Home Center, there are a variety of MassHousing programs which we will include for
home purchases outside of Boston.
2. On Jays last point #14, environmental clean-up, current thinking is to save this for a later point in the
discussion.
3. Do we mention in our next proposal the $25 million in bond authorized Seaport district
transportation improvements?
4. Are there other items that we can propose?
Program
City property tax relief
Permitting Ombudsman
Benefit
Up to $20m at $1m per year (20
year benefit)
Up to $48m at $9.6m per year (5
year benefit)
Up to $32m in 1 year or split into
2 (up to a 2 year benefit)
$1m the maximum award
one time
No cost to GE
Concierge Services
No cost to GE
State Investment Tax Credit

Massworks Infrastructure Grant
State Training Fund
Ferry Service Assistance
Assumptions/Comments
Assumes a ___,000 s.f. building
Assumes a payroll of $130m
Provides for public infrastructure
costs on a reimbursement basis
Routine application process
Combination of City and State
officials to facilitate permitting
City and State partnership to
provide assistance on a range of
employee needs, like RMV
services.
TBD based upon site selection.
Funding may be secured through
Ferry Boat Discretionary Grant
Program.
Massport has pledged
assistance, preferring for jets to
be based at Hanscom and
shuttled to Logan Airport, but is
willing to consider all services at
Logan Airport.
Description
Corporate Jet Services
To be negotiated with Massport
Boston Home Center Live

Where You WorkProgram
Innovation Center
Provides what?
City to provide space at what
cost? Mass Life Science Center
or other to provide capital
funding at approximately $5m.
John determining if
MassChallenge might run the
space. This would be a outside
the box benefit to have a fully
fit out innovation space for GE to
operate. MLSC or other grants
could be used for the capital
funding.
Site 1 Bostons Court Street

160k s.f. building in the heart of
downtown.
Free Rent for ___ years
Site 2 MA DOT District 6

adjacent to South Station on
Kneeland Street 104k s.f. with
sufficient land for additional
space.
___% rent for ___ years
MassWorks would be utilized to

offset improvement costs.
Would City charge no property
taxes or is it the Citys intential
to assess the building and issue a
tax bill?
Presumably, City would assess
the building and charge property
taxes, but that should be
Site 3 multiple Convention

Center properties
___% land lease for____ years
Site 4 multiple Massport sites
Site 5 Citys 6 Tide Street its

snow farm.
____% land lease for ___years
Site 6 Private development or

building purchase by GE on a site
they prefer.
confirmed.
MassWorks would need to be
confirmed to support
construction of a new building.
confirmed.
confirmed. Each of the sites has
hundreds of thousands of
additional build-out potential.
Massport may wish to lease an
entire site and have the
developer build the GE building,
which could help reduce the cost
of the land lease.
confirmed.
A review of how MassWorks
would provide assistance would
be required.
The above could be provided to GE upon filling in all the blanks. John is in charge with Mike to provide
support. John should provide Mike with final draft and Mike be in touch with Steve for the Govs
signoff.
Questions/Comments:
1. Blanks should be filled in so that GE has a full picture of the various offers. (John is the
point/Mike provides support)
2. John is updating sites and getting them to GE. GE recognizes a need to narrow down sites, but it
is unrealistic for them to pick one without a significant vetting.
3. What is Citys intention regarding property taxes if a public site is selected, especially if the site
selected is the Citys building on Court Street? Ordinarily, a public site with a private tenant
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
would be assessed property tax. Would be acceptable either way, taxing or not, and, as noted
below, not taxing it could be a deal closer. (John)
Can MassWorks funding be utilized for public building fit-out/renovations? (Mike)
How could MassWorks provide financial benefit on private new construction? For example,
could it be used to purchase the land and then lease the land back to the private developer?
(Mike)
What are the heliport options for each of the sites? (John)
Fill in the blanks on State & Quasi lease expectations and determine what a typical value is for
the full lease so that the benefit of the reduction can be calculated for/by GE. (Steve should ask
the question of Elizabeth at Massport and for the MA DOT building should determine with a
consult with Stephanie, Kristen could be responsible for Mass Convention provide Mike with
comments so he can communicate with John)
John/Mike, you should contact Brent at CBRE to help determine the value of the land, buildings
and benefits. CBRE should be able to provide very good estimates on such matters as the value
of land leases and the cost of office space.
Contact MassChallenge to develop a proposal on the Innovation Center (John). For the benefit
of others, we are thinking of offering up an Innovation Center as a benefit for their use, using
City space and State funding to support it. The success of such a space depends on its
management, so John will have an informal discussion with the MassChallenge people about
doing so.
John/Mike, get a tax call with GE to review the benefits.
Thoughts on State ITC benefit. No way could we provide entire ITC in one year. Typically it is a
tax credit a company receives on their income. In this case, it could be a refundable credit
which means that it would actually be a cash benefit.
Thoughts on the State MassWorks benefit. MassWorks need to be spent in the year it is
designated. It is possible, if construction/renovations spans two fiscal years that we would
prefer to make a multi-year award to not eat up all of our funding in one particular year. It is a
reimbursement and has not refundable credit option. I am assuming we can use it to repair a
public building, and I believe it can be granted to both a city or a state agency. Not as clear how
we get the benefit to the company if a private entity is building them a building.
Check with former Massport exec to figure if there are any agency benefits that might be
brought to the package (Kristen).
Deal Closers could include up to $25m in state environmental dollars to help clean-up and put
into productive use GE sites in Lynn or elsewhere, and/or City tax dollars might be totally
forgiven in City or State buildings (and maybe more MassWorks dollars could go into the
building renovations in return).
In my absence, Mike is our lead, with Carolyn providing support. I will check in with Mike
directly each morning and in afternoon, connections permitting. Anyone needing me should
communicate need and issues to Mike. Steve should have final say on anything from our end.
From:
To:
Cc:
Subject:
Date:
Lepore, Kristen (ANF)
Re: Call for noon tomorrow/Sunday
Great, thanks.
Mike Kennealy
> On Nov 29, 2015, at 7:45 PM, Kadish, Steven (GOV)
>
> Let's do this at 7:15 am tomorrow morning. I'll have Brianna set this
up.
>
>
>> On Nov 29, 2015, at 7:05 PM, Kennealy, Michael (EOHED)
>>
>> I was going to email the entire group to suggest that we get on the
phone very early tomorrow morning. I say this because (1) I've been
following the various emails on EDIP and it looks like we are reaching
some sort of conclusion, although not a favorable one; (2) similar with
respect to single sales factor, and how that may or may not differentiate
us; and (3) a better understanding from Mo around the deadlines and
deliverables.
>>
>> On the latter point, Mo said that we should submit by 1pm tomorrow a
summary of the calculations and statutes with regard to the incentives we
propose. HED has prepared a memo which will soon go out to the legal
group that has been focused on these issues today. We will also have, by
mid tomorrow morning, the detail they were seeking with regard to
precedent deals. So we will be able to send all of that by 1pm but I
think the group (or some subset of the group) should have a call in the
morning to confirm what we think we are able to offer under EDIP. We next
have a deadline of close of business on Tuesday for a full submission of
the proposal - I think this should be the letter and site detail as
discussed below.
>>
>> I also had an interesting conversation with CBRE who is advising Plum
on sites. He said that they are very focused on the Seaport and as such
(1) thought that Court Street would not be of interest and (2) suspected
that the DOT building would not either. I mentioned the parking issue and
how we thought that should be of value to them; he agreed but said the
team wouldn't really focus on that until they selected a site. He said
that it is good to know that we have that tool in the toolbox and we
should present it. He reiterated that there is a real lack of clarity
internally at Plum with respect to size of site.
>>
>> I think needless to say that collectively State and City are in a very
different place than we thought earlier today based on EDIP restrictions
and inability to offer something sub-market on real estate. I think our
best course of action is to (1) satisfy their deadline for tax incentive
detail tomorrow by 1pm; and (2) present as compelling a package as

possible Tuesday with respect to incentives, other features of our
proposal, and potential sites. We should also discuss whether or not to
proposed the environmental clean-up funds at this stage.
>>
>> Hope that makes sense and please let me know if you think a group call
very early tomorrow makes sense.
>>
>> Mike
>>
>> ________________________________________
>> From: Kennealy, Michael (EOHED)
>> Sent: Sunday, November 29, 2015 3:09 PM
>> To: Kadish, Steven (GOV); Lepore, Kristen (ANF)
>> Subject: RE: Call for noon tomorrow/Sunday
>>
>> Steve, copying Sec. Lepore here >>
>> I think that's right. I spoke with John Barros after our call to let
him know about the EDIP issue and told him that I would call later today
once we had further clarity. On sites, he said he needed to confirm with
the mayor but he thought that they would be offering Court Street
essentially for free rent, but only if we were offering something similar
on our sites. I said that that was unlikely given the constraints we
discussed on the call. He also thought that we may have until Tuesday for
some of these items - I have a call into Mo to discuss. We do know that
Plum's tax people are meeting at 3pm tomorrow; what John and I discussed
was providing detail by that time on (1) our tax offer (which obviously
might be quite different now) and (2) the backup information they were
looking for on EDIP, and then sometime on Tuesday present an entire
package - letter describing all facets of the deal and continuing to sell
the City and State as well as the updated site booklet.
>>
>> Ricks just emailed Lon and Sec. Lepore further information on EDIP once we have further clarity here (which I understand may not be until
tonight) we can discuss how to proceed. Please let me know if that makes
sense.
>>
>> Mike
>> ________________________________________
>> From: Kadish, Steven (GOV)
>> To: Kennealy, Michael (EOHED)
>> Cc: Wehrs, Brianna (GOV); Zarrella, Lily (GOV); Goodall, Devon (GOV);
Ash, Jay (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie (DOT);
Garrity, Rob (DOT); Povich, Lon (GOV); Elizabeth Morse; Tom Glynn;
Polito, Karyn (GOV);
>> Subject: Re: Call for noon tomorrow/Sunday
>>
>> If I understand the format of the proposal, I think that there are 3
documents needed:
>>
>> 1. Booklet of properties, including site information
>>
>> 2. Letter outlining the elements of the City-State proposal
>>
>> 3. An appendix type document that outlines the various statutes,

application process, how the calculations work. This document could also
include the parking discussion and requirements, as well as a possible
comparison of key state and local tax features comparing MA, CT and NY.
This document could work as a PowerPoint.
>>
>>
>>> On Nov 29, 2015, at 11:33 AM, Kennealy, Michael (EOHED)
>>>
>>> Attached please find two documents for our call today at 12pm:
>>>
>>> - An update memo
>>> - Jay's chart sent on Friday
>>>
>>> Looking forward to speaking then.
>>>
>>> Mike
>>>
>>> ________________________________________
>>> From: Wehrs, Brianna (GOV)
>>> Sent: Saturday, November 28, 2015 4:45 PM
>>> To: Kadish, Steven (GOV)
>>> Cc: Zarrella, Lily (GOV); Goodall, Devon (GOV); Ash, Jay (EOHED);
Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie
(DOT); Garrity, Rob (DOT); Povich, Lon (GOV); Elizabeth Morse; Tom Glynn;
Polito, Karyn (GOV)
>>> Subject: Re: Call for noon tomorrow/Sunday
>>>
>>> I just sent a calendar invite. Please let me know if there's any
issues.
>>>
>>> Brianna Wehrs
>>> Executive Assistant to Governor Charlie Baker
>>> Office: 617-725-4048
>>> Cell: 617-483-3397
>>>
>>>> On Nov 28, 2015, at 4:36 PM, Kadish, Steven (GOV)
>>>>
>>>> Brianna, Lily or Devon--please send out a calendar invite for a call
at noon tomorrow/Sunday for the folks copied on this email.
>>>>
>>>> Elizabeth: please invite Jim D if you would like.
>>>>
>>>> If you have questions about the call, please contact Sec Ash, Mike
Kennealy or me.
>>>>
>>>> Thx.
>>>> Steve
>>>>
>>>> Sent from my iPhone
>>> <Project Plum memo Nov. 29.docx>
>>> <Project Plum - Chart of Second Offer.docx>
From:
To:
Cc:
Subject:
Date:

Wehrs, Brianna (GOV)
Zarrella, Lily (GOV); Goodall, Devon (GOV); Ash, Jay (EOHED); Kennealy, Michael (EOHED); Lepore, Kristen
(ANF); Pollack, Stephanie (DOT); Garrity, Rob (DOT); Povich, Lon (GOV); Elizabeth Morse; Tom Glynn; Buckley,
Timothy (GOV); Conroy, Jim (GOV);
; Polito, Karyn (GOV); Sullivan, Jennifer F. (ANF); jdoolin; Ross,
Robert (ANF); Frazier, Ricks (EOHED); Cosco, Jonathan (EOHED)
Re: Call for tomorrow/Monday at 7:15 am
Let's use:
Monday; 7:15 am
November 30
Sent from my iPhone
> On Nov 29, 2015, at 7:48 PM, Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US> wrote:
>
> Brianna, Lily or Devon: can you please set up this call for 7:15 am tomorrow/Monday?
>
> I've added Jennifer Sullivan and Jim Doolin.
>
> Thank you.
> Steve
>
>
>> On Nov 28, 2015, at 4:45 PM, Wehrs, Brianna (GOV) <brianna.wehrs@MassMail.State.MA.US> wrote:
>>
>> I just sent a calendar invite. Please let me know if there's any issues.
>>
>> Brianna Wehrs
>> Executive Assistant to Governor Charlie Baker
>> Office: 617-725-4048
>> Cell: 617-483-3397
>>
>>> On Nov 28, 2015, at 4:36 PM, Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US> wrote:
>>>
>>> Brianna, Lily or Devon--please send out a calendar invite for a call at noon tomorrow/Sunday for the folks
copied on this email.
>>>
>>> Elizabeth: please invite Jim D if you would like.
>>>
>>> If you have questions about the call, please contact Sec Ash, Mike Kennealy or me.
>>>
>>> Thx.
>>> Steve
>>>
>>> Sent from my iPhone
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

William Cass; Ash, Jay (EOHED)
RE: call me
Ok. Thx. Yes very sweet!
-------- Original message -------From: William Cass

Date: 01/20/2016 9:53 PM (GMT-05:00)
Cc: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>
Subject: Re: call me
Will do tomorrow. Thanks. You are busy! GE was pretty sweet.
Sent from my iPad
On Jan 20, 2016, at 9:21 PM, Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US> wrote:
Call when you can. Not urgent. Another is suggesting that Gov meet with Udit
because they are looking at out of state expansion.
Know anything?
-------- Original message -------From: William Cass

Date: 10/08/2015 12:01 PM (GMT-05:00)
Subject: RE: call me
Tried you from my office. Now calling from
-----Original Message----From: Ash, Jay (SEA) [mailto:jay.ash@state.ma.us]
Sent: Thursday, October 08, 2015 7:16 AM
To: William Cass
Subject: call me
Around noon if you can
-----Original Message-----
cell
From: William Cass

Sent: Friday, August 28, 2015 1:58 PM
Subject:
From:
To:
Cc:
Subject:
Date:
Povich, Lon (GOV)

Kadish, Steven (GOV); Kennealy, Michael (EOHED); Morse, Elizabeth; Ash, Jay (EOHED); Sullivan, Jennifer F.
(ANF); Ross, Robert (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Doolin, James;
Garrity, Rob (DOT)
Re: Call to review proposal
Sent from my iPhone

> On Dec 8, 2015, at 7:56 PM, Lepore, Kristen (ANF)
>
> Sure
>
>
>> On Dec 8, 2015, at 7:48 PM, Kadish, Steven (GOV)
>>
>> I will call the Governor and the Senator.
>>
>> Sec Lepore -- do you want to speak to Steve Tocco?
>>
>> -----Original Message---->> From: Kennealy, Michael (EOHED)
>> Sent: Tuesday, December 08, 2015 7:47 PM
>> Cc: Morse, Elizabeth; Ash, Jay (EOHED); Lepore, Kristen (ANF);
Sullivan, Jennifer F. (ANF); Ross, Robert (ANF); Frazier, Ricks (EOHED);
Pollack, Stephanie (DOT); Tom Glynn; Doolin, James; Povich, Lon (GOV);
Garrity, Rob (DOT)
>> Subject: Re: Call to review proposal
>>
>> FYI - ML (Gov Weld, Tocco) were on the call. Follow up call to one of
them? If so, by who? Call to Cowan?
>>
>> Mike Kennealy
>>
>>> On Dec 8, 2015, at 7:39 PM, Kadish, Steven (GOV)
>>>
>>> Great to read this email chain.
>>>
>>> Mike -- are you and the City reaching out to ML?
>>>
>>> All -- is there any other reach out that you recommend?
>>>
>>> -----Original Message---->>> From: Morse, Elizabeth [mailto:EMorse@massport.com]
>>> Sent: Tuesday, December 08, 2015 7:36 PM
>>> Cc: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Ash, Jay (EOHED);
>>> Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert

>>> (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn;
>>> Doolin, James; Povich, Lon (GOV); Garrity, Rob (DOT)
>>> Subject: Re: Call to review proposal
>>>
>>> Yes, Massport will report back to the group after the CBRE call.
>>> Thanks, Elizabeth
>>>
>>>
>>>
>>> On Dec 8, 2015, at 7:31 PM, Kennealy, Michael (EOHED)
<Michael.kennealy@MassMail.State.MA.US<mailto:Michael.kennealy@MassMail.St
ate.MA.US>> wrote:
>>>
>>> Recommendation that we all stay in very close touch tomorrow - I
thought frankly that there would be more outstanding items or negotiating
points after the 5pm call but those could very well come tomorrow.
Important that everything is as solid as possible before their meeting end
of day tomorrow. Recommend that Massport report back to group right after
CBRE call - if for some reason they perceive less value in the deal as
currently presented we will need to come up with a contingency and should
get on the phone to discuss. Encouraging call today, but clearly not
done.
>>>
>>> ________________________________
>>> From: Kennealy, Michael (EOHED)
>>> To: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Ash, Jay (EOHED);
>>> Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert
>>> (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn;
>>> Elizabeth Morse; jdoolin; Povich, Lon (GOV); Garrity, Rob (DOT)
>>> Subject: RE: Call to review proposal
>>>
>>> Quick update - this was a good call:
>>>
>>> - A bunch of questions on our proposal, very capably answered by
Massport/Jennifer/Ricks/City, really no issues raised/outstanding.
>>> - Comment from CBRE - "this works"; comment from Plum tax - "exactly
what we were looking for".
>>> - For tomorrow: (1) CBRE/Massport call - more specifics on proposal;
(2) Jennifer to track down information on solar panel grants/programs; and
(3) Plum tax and I to have a call tomorrow at 11am re: MLSC support. Note
- these last two at Plum's request; not interested in discussing specific
incentives for Current.
>>>
>>> Those are all of the outstanding items from the call. I do think the
Massport/CBRE call tomorrow is an important one - hoping that will be
early in the day and we will have the ability to react to anything that
comes out of that call given the importance of the Plum presentation to
"senior leadership" end of day tomorrow.
>>>
>>> Mike
>>>
>>> ________________________________
>>> To: Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF);
>>> Sullivan, Jennifer F. (ANF); Ross, Robert (ANF); Frazier, Ricks
>>> (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Elizabeth Morse;
>>> jdoolin; Povich, Lon (GOV); Garrity, Rob (DOT)
>>>
>>> Here is the info if so
>>>
>>>
participant code
>>>
>>> Mike Kennealy
>>> Assistant Secretary for Business Growth The Commonwealth of
>>> Massachusetts Executive Office of Housing & Economic Development One
>>> Ashburton Place, Room 2101 Boston, MA 02108
>>> Office: 617-788-3640
>>> Cell: 617-634-4762
>>> michael.kennealy@state.ma.us<mailto:michael.kennealy@state.ma.us>
>>>
>>> From: Kadish, Steven (GOV)
>>> <Michael.kennealy@MassMail.State.MA.US<mailto:Michael.kennealy@MassMai
>>> l.State.MA.US>>; Ash, Jay (EOHED)
>>> <jay.ash@MassMail.State.MA.US<mailto:jay.ash@MassMail.State.MA.US>>;
>>> Lepore, Kristen (ANF)
>>> <kristen.lepore@MassMail.State.MA.US<mailto:kristen.lepore@MassMail.St
>>> ate.MA.US>>; Sullivan, Jennifer F. (ANF)
>>> <Jennifer.F.Sullivan@MassMail.State.MA.US<mailto:Jennifer.F.Sullivan@M
>>> assMail.State.MA.US>>; Ross, Robert (ANF)
>>> <robert.ross2@MassMail.State.MA.US<mailto:robert.ross2@MassMail.State.
>>> MA.US>>; Frazier, Ricks (EOHED)
>>> <ricks.frazier@MassMail.State.MA.US<mailto:ricks.frazier@MassMail.Stat
>>> e.MA.US>>; Pollack, Stephanie (DOT)
>>> <stephanie.pollack@dot.state.ma.us<mailto:stephanie.pollack@dot.state.
>>> ma.us>>; Tom Glynn <tglynn@massport.com<mailto:tglynn@massport.com>>;
>>> Elizabeth Morse <EMorse@massport.com<mailto:EMorse@massport.com>>;
>>> jdoolin <jdoolin@massport.com<mailto:jdoolin@massport.com>>; Povich,
>>> Lon (GOV)
>>> <lon.povich@MassMail.State.MA.US<mailto:lon.povich@MassMail.State.MA.U
>>> S>>; Garrity, Rob (DOT)
>>> <rob.garrity@dot.state.ma.us<mailto:rob.garrity@dot.state.ma.us>>
>>>
>>> It would be good if Jen/A&F can participate on the 5 pm call.
>>> Thanks everyone for the work that you are doing.
>>>
>>> To: Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF);
>>> Sullivan, Jennifer F. (ANF); Ross, Robert (ANF); Frazier, Ricks
>>> (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Elizabeth Morse;
>>> jdoolin; Povich, Lon (GOV); Garrity, Rob (DOT)
>>>
>>> FYI call scheduled today with GE tax, CBRE, Massport, possibly A&F.
Ann Klee also emailed and said she will be presenting the terms of the
Boston proposal to Plum senior leadership tomorrow end of day. I will
report back to this group after the 5pm. I expect tomorrow may be another
round of discussion/negotiation with them ahead of their presentation
tomorrow.
>>>
>>> Mike Kennealy
>>> Office: 617-788-3640
>>> Cell: 617-634-4762
>>>
>>> <steven.kadish@MassMail.State.MA.US<mailto:steven.kadish@MassMail.Stat
>>> e.MA.US>>; Ash, Jay (EOHED)
>>> <jay.ash@MassMail.StateMA.US<mailto:jay.ash@MassMail.State.MA.US>>;
>>> Lepore, Kristen (ANF)
>>> <kristen.lepore@MassMail.State.MA.US<mailto:kristen.lepore@MassMail.St
>>> ate.MA.US>>; Sullivan, Jennifer F. (ANF)
>>> <Jennifer.F.Sullivan@MassMail.State.MA.US<mailto:Jennifer.F.Sullivan@M
>>> assMail.State.MA.US>>; Ross, Robert (ANF)
>>> <robert.ross2@MassMail.State.MA.US<mailto:robert.ross2@MassMail.State.
>>> MA.US>>; Frazier, Ricks (EOHED)
>>> <ricks.frazier@MassMail.State.MA.US<mailto:ricks.frazier@MassMail.Stat
>>> e.MA.US>>; Pollack, Stephanie (DOT)
>>> <stephanie.pollack@dot.state.ma.us<mailto:stephanie.pollack@dot.state.
>>> ma.us>>; Tom Glynn <tglynn@massport.com<mailto:tglynn@massport.com>>;
>>> 'Elizabeth Morse' <EMorse@massport.com<mailto:EMorse@massport.com>>;
>>> 'jdoolin' <jdoolin@massport.com<mailto:jdoolin@massport.com>>; Povich,
>>> Lon (GOV)
>>> <lon.povich@MassMail.State.MA.US<mailto:lon.povich@MassMail.State.MA.U
>>> S>>; Garrity, Rob (DOT)
>>> <rob.garrity@dot.state.ma.us<mailto:rob.garrity@dot.state.ma.us>>
>>> Subject: FW: Call to review proposal
>>>
>>> Team, please see 2 emails below from GE tax counsel who should be on
this call and does 5pm today work or tomorrow morning?
>>>
>>> From: Eisenstadt, Amy (GE, Corporate)
>>> l.State.MA.US>>
>>>
>>> We can be available at 5 today or anytime tomorrow morning.
>>>
>>> Im not sure about Brent, but I think he can do a call separately with
whoever from the State and Massport is best positioned to talk about the
specifics of the structure/lease terms etc.
>>>
>>> Amy Eisenstadt
>>> State Tax Counsel
>>> General Electric Company
>>>
>>>
(cell)
>>>
>>> From: Kennealy, Michael (SEA) [mailto:michael.kennealy@state.ma.us]
>>> To: Eisenstadt, Amy (GE, Corporate);
>>> john.barros@boston.gov<mailto:john.barros@boston.gov>
>>> Cc: Mcgaugh, James (GE Corporate); Roberti, Scott (GE, Corporate);
>>> Woodruff, Brent (GE Global Operations, consultant)
>>>
>>> Of course Amy. Could you let me know some times that might work for a
call and Ill assemble the team here?
>>>
>>> Mike Kennealy
>>> Office: 617-788-3640
>>> Cell: 617-634-4762
>>>
>>> From: Eisenstadt, Amy (GE, Corporate)
>>> l.State.MA.US>>; john.barros@boston.gov<mailto:john.barros@boston.gov>
>>> Cc: Mcgaugh, James (GE Corporate)
>>>
; Roberti, Scott
>>> (GE, Corporate)
>>> Woodruff, Brent (GE Global Operations, consultant)
>>>
>>> Subject: Call to review proposal
>>>
>>> Mike/John:
>>>
>>> Please let me know when you can do a call to review the proposal. As
Im sure you expected, we do need clarification of a few points.
>>>
>>> Also, we need someone from Massport who can discuss the structure of
the building development with Brent Woodruff. Im copying Brent on this
email as the timing of that discussion will need to be arranged directly
with him.
>>>
>>>
>>>
>>> Amy Eisenstadt
>>> State Tax Counsel
>>> General Electric Company
>>>
>>>
(cell)
>>>
From:
To:
Cc:
Subject:
Date:

Morse, Elizabeth; Kennealy, Michael (EOHED)
Kennealy, Michael (EOHED); Ash, Jay (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert
(ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Doolin, James; Povich, Lon (GOV);
Garrity, Rob (DOT)
RE: Call to review proposal
Great to read this email chain.

Mike -- are you and the City reaching out to ML?
All -- is there any other reach out that you recommend?
-----Original Message----From: Morse, Elizabeth [mailto:EMorse@massport.com]
Cc: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Ash, Jay (EOHED);
Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert (ANF);
Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Doolin, James;
Povich, Lon (GOV); Garrity, Rob (DOT)
Subject: Re: Call to review proposal
Yes, Massport will report back to the group after the CBRE call. Thanks,
Elizabeth

wrote:
Recommendation that we all stay in very close touch tomorrow - I thought
frankly that there would be more outstanding items or negotiating points
after the 5pm call but those could very well come tomorrow. Important that
everything is as solid as possible before their meeting end of day tomorrow.
Recommend that Massport report back to group right after CBRE call - if for
some reason they perceive less value in the deal as currently presented we
will need to come up with a contingency and should get on the phone to
discuss. Encouraging call today, but clearly not done.
________________________________
To: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Ash, Jay (EOHED);
Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert (ANF);
Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Elizabeth
Morse; jdoolin; Povich, Lon (GOV); Garrity, Rob (DOT)
Quick update - this was a good call:
- A bunch of questions on our proposal, very capably answered by
Massport/Jennifer/Ricks/City, really no issues raised/outstanding.
- Comment from CBRE - "this works"; comment from Plum tax - "exactly what we
were looking for".

- For tomorrow: (1) CBRE/Massport call - more specifics on proposal; (2)
Jennifer to track down information on solar panel grants/programs; and (3)
Plum tax and I to have a call tomorrow at 11am re: MLSC support. Note these last two at Plum's request; not interested in discussing specific
incentives for Current.
Those are all of the outstanding items from the call. I do think the
Massport/CBRE call tomorrow is an important one - hoping that will be early
in the day and we will have the ability to react to anything that comes out
of that call given the importance of the Plum presentation to "senior
leadership" end of day tomorrow.
Mike
________________________________
To: Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF); Sullivan,
Jennifer F. (ANF); Ross, Robert (ANF); Frazier, Ricks (EOHED); Pollack,
Stephanie (DOT); Tom Glynn; Elizabeth Morse; jdoolin; Povich, Lon (GOV);
Garrity, Rob (DOT)
Here is the info if so
participant code
Mike Kennealy
Executive Office of Housing & Economic Development One Ashburton Place, Room
2101 Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
<Michael.kennealy@MassMail.State.MA.US<mailto:Michael.kennealy@MassMail.State.MA.US>>;
Ash, Jay (EOHED)
<jay.ash@MassMail.State.MA.US<mailto:jay.ash@MassMail.State.MA.US>>; Lepore,
Kristen (ANF)
<kristen.lepore@MassMail.State.MA.US<mailto:kristen.lepore@MassMail.State.MA.US>>;
<Jennifer.F.Sullivan@MassMail.State.MA.US<mailto:Jennifer.F.Sullivan@MassMail.State.MA.US>>;
Ross, Robert (ANF)
<robert.ross2@MassMail.State.MA.US<mailto:robert.ross2@MassMail.State.MA.US>>;
<ricks.frazier@MassMail.State.MA.US<mailto:ricks.frazier@MassMail.State.MA.US>>;
Pollack, Stephanie (DOT)
<stephanie.pollack@dot.state.ma.us<mailto:stephanie.pollack@dot.state.ma.us>>;
Tom Glynn <tglynn@massport.com<mailto:tglynn@massport.com>>; Elizabeth Morse
<EMorse@massport.com<mailto:EMorse@massport.com>>; jdoolin
<jdoolin@massport.com<mailto:jdoolin@massport.com>>; Povich, Lon (GOV)
<lon.povich@MassMail.State.MA.US<mailto:lon.povich@MassMail.State.MA.US>>;
Garrity, Rob (DOT)

<rob.garrity@dot.state.ma.us<mailto:rob.garrity@dot.state.ma.us>>
It would be good if Jen/A&F can participate on the 5 pm call.
Thanks everyone for the work that you are doing.
To: Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF); Sullivan,
Jennifer F. (ANF); Ross, Robert (ANF); Frazier, Ricks (EOHED); Pollack,
Stephanie (DOT); Tom Glynn; Elizabeth Morse; jdoolin; Povich, Lon (GOV);
Garrity, Rob (DOT)
FYI call scheduled today with GE tax, CBRE, Massport, possibly A&F. Ann
Klee also emailed and said she will be presenting the terms of the Boston
proposal to Plum senior leadership tomorrow end of day. I will report back
to this group after the 5pm. I expect tomorrow may be another round of
discussion/negotiation with them ahead of their presentation tomorrow.
Mike Kennealy
2101 Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
<steven.kadish@MassMail.State.MA.US<mailto:steven.kadish@MassMail.State.MA.US>>;
Ash, Jay (EOHED)
<jay.ash@MassMail.StateMA.US<mailto:jay.ash@MassMail.State.MA.US>>; Lepore,
Kristen (ANF)
<kristen.lepore@MassMail.State.MA.US<mailto:kristen.lepore@MassMail.State.MA.US>>;
<Jennifer.F.Sullivan@MassMail.State.MA.US<mailto:Jennifer.F.Sullivan@MassMail.State.MA.US>>;
Ross, Robert (ANF)
<robert.ross2@MassMail.State.MA.US<mailto:robert.ross2@MassMail.State.MA.US>>;
<ricks.frazier@MassMail.State.MA.US<mailto:ricks.frazier@MassMail.State.MA.US>>;
<stephanie.pollack@dot.state.ma.us<mailto:stephanie.pollack@dot.state.ma.us>>;
Tom Glynn <tglynn@massport.com<mailto:tglynn@massport.com>>; 'Elizabeth
Morse' <EMorse@massport.com<mailto:EMorse@massport.com>>; 'jdoolin'
<jdoolin@massport.com<mailto:jdoolin@massport.com>>; Povich, Lon (GOV)
<lon.povich@MassMail.State.MA.US<mailto:lon.povich@MassMail.State.MA.US>>;
Garrity, Rob (DOT)
<rob.garrity@dot.state.ma.us<mailto:rob.garrity@dot.state.ma.us>>
Team, please see 2 emails below from GE tax counsel who should be on this
call and does 5pm today work or tomorrow morning?
From: Eisenstadt, Amy (GE, Corporate)

Im not sure about Brent, but I think he can do a call separately with
Amy Eisenstadt
State Tax Counsel
(cell)
To: Eisenstadt, Amy (GE, Corporate);
john.barros@boston.gov<mailto:john.barros@boston.gov>
Cc: Mcgaugh, James (GE Corporate); Roberti, Scott (GE, Corporate); Woodruff,
Brent (GE Global Operations, consultant)
Of course Amy. Could you let me know some times that might work for a call
and Ill assemble the team here?
Mike Kennealy
2101 Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
<Michael.kennealy@MassMail.State.MA.US<mailto:Michael.kennealy@MassMail.State.MA.US>>;
john.barros@boston.gov<mailto:john.barros@boston.gov>
Cc: Mcgaugh, James (GE Corporate)
; Roberti, Scott (GE,
Corporate)
; Woodruff,
Brent (GE Global Operations, consultant)
Mike/John:
Please let me know when you can do a call to review the proposal. As Im
sure you expected, we do need clarification of a few points.
Also, we need someone from Massport who can discuss the structure of the
building development with Brent Woodruff. Im copying Brent on this email

as the timing of that discussion will need to be arranged directly with him.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:

Thanks for being able to join!
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Thanks!

participant code
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>; Kennealy, Michael
(EOHED) <Michael.kennealy@MassMail.State.MA.US>

I will leave this meeting to join your call at 5. Is there a dial in? Thanks.


To: Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF);
Pollack, Stephanie (DOT); Tom Glynn; Elizabeth Morse; jdoolin; Povich, Lon
(GOV); Garrity, Rob (DOT)
FYI call scheduled today with GE tax, CBRE, Massport, possibly A&F. Ann
Klee also emailed and said she will be presenting the terms of the Boston
proposal to Plum senior leadership tomorrow end of day. I will report
back to this group after the 5pm. I expect tomorrow may be another
round of discussion/negotiation with them ahead of their presentation
tomorrow.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>; Ash,
Jay (EOHED) <jay.ash@MassMail.State.MA.US>; Lepore, Kristen (ANF)
<kristen.lepore@MassMail.State.MA.US>; Sullivan, Jennifer F. (ANF)
<Jennifer.F.Sullivan@MassMail.State.MA.US>; Ross, Robert (ANF)
<stephanie.pollack@dot.state.ma.us>; Tom Glynn
<tglynn@massport.com>; 'Elizabeth Morse' <EMorse@massport.com>;
'jdoolin' <jdoolin@massport.com>; Povich, Lon (GOV)

<lon.povich@MassMail.State.MA.US>; Garrity, Rob (DOT)
<rob.garrity@dot.state.ma.us>
Team, please see 2 emails below from GE tax counsel who should be on
this call and does 5pm today work or tomorrow morning?

Im not sure about Brent, but I think he can do a call separately with
Amy Eisenstadt
State Tax Counsel
(cell)

Cc: Mcgaugh, James (GE Corporate); Roberti, Scott (GE, Corporate);
Woodruff, Brent (GE Global Operations, consultant)
Of course Amy. Could you let me know some times that might work for a
call and Ill assemble the team here?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

<Michael.kennealy@MassMail.State.MA.US>; john.barros@boston.gov
; Roberti,
Scott (GE, Corporate)
; Woodruff, Brent (GE
Global Operations, consultant)
Mike/John:
Please let me know when you can do a call to review the proposal. As Im
sure you expected, we do need clarification of a few points.
Also, we need someone from Massport who can discuss the structure of
the building development with Brent Woodruff. Im copying Brent on this
email as the timing of that discussion will need to be arranged directly
with him.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:

Sullivan, Jennifer F. (ANF); Kadish, Steven (GOV)
participant code
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>; Kennealy, Michael (EOHED)
I will leave this meeting to join your call at 5. Is there a dial in? Thanks.
On Dec 8, 2015, at 4:19 PM, Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US> wrote:


To: Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer F.
(ANF); Ross, Robert (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn;
Elizabeth Morse; jdoolin; Povich, Lon (GOV); Garrity, Rob (DOT)
FYI call scheduled today with GE tax, CBRE, Massport, possibly A&F. Ann Klee also
emailed and said she will be presenting the terms of the Boston proposal to Plum
senior leadership tomorrow end of day. I will report back to this group after the 5pm.
I expect tomorrow may be another round of discussion/negotiation with them ahead
of their presentation tomorrow.
Mike Kennealy

Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>; Ash, Jay (EOHED)
<jay.ash@MassMail.State.MA.US>; Lepore, Kristen (ANF)
<stephanie.pollack@dot.state.ma.us>; Tom Glynn <tglynn@massport.com>; 'Elizabeth
Morse' <EMorse@massport.com>; 'jdoolin' <jdoolin@massport.com>; Povich, Lon
(GOV) <lon.povich@MassMail.State.MA.US>; Garrity, Rob (DOT)
Team, please see 2 emails below from GE tax counsel who should be on this call and
does 5pm today work or tomorrow morning?

Im not sure about Brent, but I think he can do a call separately with whoever from the
State and Massport is best positioned to talk about the specifics of the structure/lease
terms etc.
Amy Eisenstadt
State Tax Counsel
(cell)


Cc: Mcgaugh, James (GE Corporate); Roberti, Scott (GE, Corporate); Woodruff, Brent (GE
Of course Amy. Could you let me know some times that might work for a call and Ill
assemble the team here?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Corporate)
; Woodruff, Brent (GE Global Operations,
consultant)
Mike/John:
Please let me know when you can do a call to review the proposal. As Im sure you
expected, we do need clarification of a few points.
Also, we need someone from Massport who can discuss the structure of the building
development with Brent Woodruff. Im copying Brent on this email as the timing of
that discussion will need to be arranged directly with him.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:

Eisenstadt, Amy (GE, Corporate)
I just emailed Brent
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Also, let me know about a call with Brent and Massport that discussion is maybe even more
important to understanding how to properly value the offer (assuming the sites work).
Amy Eisenstadt
State Tax Counsel
(cell)

Ok let me see about 5pm today, thanks.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Amy Eisenstadt
State Tax Counsel
(cell)

team here?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

; Roberti, Scott (GE, Corporate)
Mike/John:
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:

Brent, can you let me know some times that work?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

; Roberti, Scott (GE, Corporate)
; Woodruff, Brent (GE Global Operations, consultant)
Mike/John:
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:

Garrity, Rob (DOT)
No just the emails from Amy asking for a call.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From: Garrity, Rob (DOT) [mailto:rob.garrity@dot.state.ma.us]

Hi mike - no attachment?
Rob Garrity
Chief of Staff
MassDOT
857-368-8893 (o)
617-356-4981 (c)
Team, please see 2 emails below from GE tax counsel who should be on this call and
does 5pm today work or tomorrow morning?

Im not sure about Brent, but I think he can do a call separately with whoever from the
State and Massport is best positioned to talk about the specifics of the structure/lease
terms etc.

Amy Eisenstadt
State Tax Counsel
(cell)

Cc: Mcgaugh, James (GE Corporate); Roberti, Scott (GE, Corporate); Woodruff, Brent (GE
Of course Amy. Could you let me know some times that might work for a call and Ill
assemble the team here?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Corporate)
; Woodruff, Brent (GE Global Operations,
consultant)
Mike/John:
Please let me know when you can do a call to review the proposal. As Im sure you
expected, we do need clarification of a few points.
Also, we need someone from Massport who can discuss the structure of the building
development with Brent Woodruff. Im copying Brent on this email as the timing of
that discussion will need to be arranged directly with him.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Cc:
Subject:
Date:

Povich, Lon (GOV)
Lepore, Kristen (ANF); Kennealy, Michael (EOHED); Morse, Elizabeth; Ash, Jay (EOHED); Sullivan, Jennifer F.
(ANF); Ross, Robert (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Doolin, James;
Garrity, Rob (DOT)
Re: Call to review proposal
Can't see any harm!!

Sent from my iPhone
> On Dec 8, 2015, at 8:07 PM, Povich, Lon (GOV) <lon.povich@MassMail.State.MA.US> wrote:
>
>
>
>
>> On Dec 8, 2015, at 7:56 PM, Lepore, Kristen (ANF) <kristen.lepore@MassMail.State.MA.US> wrote:
>>
>> Sure
>>
>>
>>> On Dec 8, 2015, at 7:48 PM, Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US> wrote:
>>>
>>> I will call the Governor and the Senator.
>>>
>>> Sec Lepore -- do you want to speak to Steve Tocco?
>>>
>>> -----Original Message---->>> From: Kennealy, Michael (EOHED)
>>> Cc: Morse, Elizabeth; Ash, Jay (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert
(ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Doolin, James; Povich, Lon (GOV);
Garrity, Rob (DOT)
>>> Subject: Re: Call to review proposal
>>>
>>> FYI - ML (Gov Weld, Tocco) were on the call. Follow up call to one of them? If so, by who? Call to Cowan?
>>>
>>> Mike Kennealy
>>>
>>>> On Dec 8, 2015, at 7:39 PM, Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US> wrote:
>>>>
>>>> Great to read this email chain.
>>>>
>>>> Mike -- are you and the City reaching out to ML?
>>>>
>>>> All -- is there any other reach out that you recommend?
>>>>
>>>> -----Original Message---->>>> From: Morse, Elizabeth [mailto:EMorse@massport.com]
>>>> Sent: Tuesday, December 08, 2015 7:36 PM
>>>> To: Kennealy, Michael (EOHED)
>>>> Cc: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Ash, Jay (EOHED);
>>>> Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert

>>>> (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn;
>>>> Doolin, James; Povich, Lon (GOV); Garrity, Rob (DOT)
>>>> Subject: Re: Call to review proposal
>>>>
>>>> Yes, Massport will report back to the group after the CBRE call.
>>>> Thanks, Elizabeth
>>>>
>>>>
>>>>
>>>> On Dec 8, 2015, at 7:31 PM, Kennealy, Michael (EOHED)
<Michael.kennealy@MassMail.State.MA.US<mailto:Michael.kennealy@MassMail.State.MA.US>> wrote:
>>>>
>>>> Recommendation that we all stay in very close touch tomorrow - I thought frankly that there would be more
outstanding items or negotiating points after the 5pm call but those could very well come tomorrow. Important that
everything is as solid as possible before their meeting end of day tomorrow. Recommend that Massport report back
to group right after CBRE call - if for some reason they perceive less value in the deal as currently presented we
will need to come up with a contingency and should get on the phone to discuss. Encouraging call today, but
clearly not done.
>>>>
>>>> ________________________________
>>>> From: Kennealy, Michael (EOHED)
>>>> To: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Ash, Jay (EOHED);
>>>> Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert
>>>> (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn;
>>>> Elizabeth Morse; jdoolin; Povich, Lon (GOV); Garrity, Rob (DOT)
>>>> Subject: RE: Call to review proposal
>>>>
>>>> Quick update - this was a good call:
>>>>
>>>> - A bunch of questions on our proposal, very capably answered by Massport/Jennifer/Ricks/City, really no
issues raised/outstanding.
>>>> - Comment from CBRE - "this works"; comment from Plum tax - "exactly what we were looking for".
>>>> - For tomorrow: (1) CBRE/Massport call - more specifics on proposal; (2) Jennifer to track down information
on solar panel grants/programs; and (3) Plum tax and I to have a call tomorrow at 11am re: MLSC support. Note these last two at Plum's request; not interested in discussing specific incentives for Current.
>>>>
>>>> Those are all of the outstanding items from the call. I do think the Massport/CBRE call tomorrow is an
important one - hoping that will be early in the day and we will have the ability to react to anything that comes out
of that call given the importance of the Plum presentation to "senior leadership" end of day tomorrow.
>>>>
>>>> Mike
>>>>
>>>> ________________________________
>>>> To: Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF);
>>>> Sullivan, Jennifer F. (ANF); Ross, Robert (ANF); Frazier, Ricks
>>>> (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Elizabeth Morse;
>>>> jdoolin; Povich, Lon (GOV); Garrity, Rob (DOT)
>>>>
>>>> Here is the info if so
>>>>
>>>>
participant code
>>>>
>>>> Mike Kennealy

>>>> Assistant Secretary for Business Growth The Commonwealth of
>>>> Massachusetts Executive Office of Housing & Economic Development One
>>>> Ashburton Place, Room 2101 Boston, MA 02108
>>>> Office: 617-788-3640
>>>> Cell: 617-634-4762
>>>> michael.kennealy@state.ma.us<mailto:michael.kennealy@state.ma.us>
>>>>
>>>> From: Kadish, Steven (GOV)
>>>> <Michael.kennealy@MassMail.State.MA.US<mailto:Michael.kennealy@MassMai
>>>> l.State.MA.US>>; Ash, Jay (EOHED)
>>>> <jay.ash@MassMail.State.MA.US<mailto:jay.ash@MassMail.State.MA.US>>;
>>>> Lepore, Kristen (ANF)
>>>> <kristen.lepore@MassMail.State.MA.US<mailto:kristen.lepore@MassMail.St
>>>> ate.MA.US>>; Sullivan, Jennifer F. (ANF)
>>>> <Jennifer.F.Sullivan@MassMail.State.MA.US<mailto:Jennifer.F.Sullivan@M
>>>> assMail.State.MA.US>>; Ross, Robert (ANF)
>>>> <robert.ross2@MassMail.State.MA.US<mailto:robert.ross2@MassMail.State.
>>>> MA.US>>; Frazier, Ricks (EOHED)
>>>> <ricks.frazier@MassMail.State.MA.US<mailto:ricks.frazier@MassMail.Stat
>>>> e.MA.US>>; Pollack, Stephanie (DOT)
>>>> <stephanie.pollack@dot.state.ma.us<mailto:stephanie.pollack@dot.state.
>>>> ma.us>>; Tom Glynn <tglynn@massport.com<mailto:tglynn@massport.com>>;
>>>> Elizabeth Morse <EMorse@massport.com<mailto:EMorse@massport.com>>;
>>>> jdoolin <jdoolin@massport.com<mailto:jdoolin@massport.com>>; Povich,
>>>> Lon (GOV)
>>>> <lon.povich@MassMail.State.MA.US<mailto:lon.povich@MassMail.State.MA.U
>>>> S>>; Garrity, Rob (DOT)
>>>> <rob.garrity@dot.state.ma.us<mailto:rob.garrity@dot.state.ma.us>>
>>>>
>>>> It would be good if Jen/A&F can participate on the 5 pm call.
>>>> Thanks everyone for the work that you are doing.
>>>>
>>>> To: Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF);
>>>> Sullivan, Jennifer F. (ANF); Ross, Robert (ANF); Frazier, Ricks
>>>> (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Elizabeth Morse;
>>>> jdoolin; Povich, Lon (GOV); Garrity, Rob (DOT)
>>>>
>>>> FYI call scheduled today with GE tax, CBRE, Massport, possibly A&F. Ann Klee also emailed and said
she will be presenting the terms of the Boston proposal to Plum senior leadership tomorrow end of day. I will
report back to this group after the 5pm. I expect tomorrow may be another round of discussion/negotiation with
them ahead of their presentation tomorrow.
>>>>
>>>> Mike Kennealy
>>>> Office: 617-788-3640
>>>> Cell: 617-634-4762
>>>>

>>>> To: Kadish, Steven (GOV)
>>>> <steven.kadish@MassMail.State.MA.US<mailto:steven.kadish@MassMail.Stat
>>>> e.MA.US>>; Ash, Jay (EOHED)
>>>> <jay.ash@MassMail.StateMA.US<mailto:jay.ash@MassMail.State.MA.US>>;
>>>> Lepore, Kristen (ANF)
>>>> <kristen.lepore@MassMail.State.MA.US<mailto:kristen.lepore@MassMail.St
>>>> ate.MA.US>>; Sullivan, Jennifer F. (ANF)
>>>> <Jennifer.F.Sullivan@MassMail.State.MA.US<mailto:Jennifer.F.Sullivan@M
>>>> assMail.State.MA.US>>; Ross, Robert (ANF)
>>>> <robert.ross2@MassMail.State.MA.US<mailto:robert.ross2@MassMail.State.
>>>> MA.US>>; Frazier, Ricks (EOHED)
>>>> <ricks.frazier@MassMail.State.MA.US<mailto:ricks.frazier@MassMail.Stat
>>>> e.MA.US>>; Pollack, Stephanie (DOT)
>>>> <stephanie.pollack@dot.state.ma.us<mailto:stephanie.pollack@dot.state.
>>>> ma.us>>; Tom Glynn <tglynn@massport.com<mailto:tglynn@massport.com>>;
>>>> 'Elizabeth Morse' <EMorse@massport.com<mailto:EMorse@massport.com>>;
>>>> 'jdoolin' <jdoolin@massport.com<mailto:jdoolin@massport.com>>; Povich,
>>>> Lon (GOV)
>>>> <lon.povich@MassMail.State.MA.US<mailto:lon.povich@MassMail.State.MA.U
>>>> S>>; Garrity, Rob (DOT)
>>>> <rob.garrity@dot.state.ma.us<mailto:rob.garrity@dot.state.ma.us>>
>>>> Subject: FW: Call to review proposal
>>>>
>>>> Team, please see 2 emails below from GE tax counsel who should be on this call and does 5pm today work
or tomorrow morning?
>>>>
>>>> From: Eisenstadt, Amy (GE, Corporate) [mailto:amy.eisenstadt@ge.com]
>>>> l.State.MA.US>>
>>>>
>>>> We can be available at 5 today or anytime tomorrow morning.
>>>>
>>>> Im not sure about Brent, but I think he can do a call separately with whoever from the State and Massport is
best positioned to talk about the specifics of the structure/lease terms etc.
>>>>
>>>> Amy Eisenstadt
>>>> State Tax Counsel
>>>> General Electric Company
>>>>
>>>>
>>>>
(cell)
>>>>
>>>> From: Kennealy, Michael (SEA) [mailto:michael.kennealy@state.ma.us]
>>>> To: Eisenstadt, Amy (GE, Corporate);
>>>> john.barros@boston.gov<mailto:john.barros@boston.gov>
>>>> Cc: Mcgaugh, James (GE Corporate); Roberti, Scott (GE, Corporate);
>>>> Woodruff, Brent (GE Global Operations, consultant)
>>>>
>>>> Of course Amy. Could you let me know some times that might work for a call and Ill assemble the team
here?
>>>>
>>>> Mike Kennealy
>>>> Office: 617-788-3640
>>>> Cell: 617-634-4762
>>>>
>>>> From: Eisenstadt, Amy (GE, Corporate)
>>>> l.State.MA.US>>; john.barros@boston.gov<mailto:john.barros@boston.gov>
>>>> Cc: Mcgaugh, James (GE Corporate)
>>>>
; Roberti, Scott
>>>> (GE, Corporate)
>>>> Woodruff, Brent (GE Global Operations, consultant)
>>>>
>>>> Subject: Call to review proposal
>>>>
>>>> Mike/John:
>>>>
>>>> Please let me know when you can do a call to review the proposal. As Im sure you expected, we do need
clarification of a few points.
>>>>
>>>> Also, we need someone from Massport who can discuss the structure of the building development with Brent
Woodruff. Im copying Brent on this email as the timing of that discussion will need to be arranged directly with
him.
>>>>
>>>>
>>>>
>>>> Amy Eisenstadt
>>>> State Tax Counsel
>>>> General Electric Company
>>>>
>>>>
>>>>
(cell)
>>>>
From:
To:
Subject:
Date:
John Barros
Re: Call w/Boston
Friday, December 04, 2015 1:01:45 PM
Can I call you at 245? Should probably talk ahead of the call.
Mike Kennealy
On Dec 4, 2015, at 12:55 PM, John Barros <john.barros@boston.gov> wrote:
Great. That works for me
Sent from my iPhone
On Dec 4, 2015, at 12:43 PM, Kennealy, Michael (SEA)
Thanks Amy how about 3pm today?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Sent: Friday, December 04, 2015 9:16 AM
<Michael.kennealy@MassMail.State.MA.US>; john.barros@boston.gov
Cc: Roberti, Scott (GE, Corporate)
; Mcgaugh,
James (GE Corporate)
Subject: FW: Call w/Boston
Mike/John
Scott forwarded your request to me since your proposal falls within my

area, although like you and John, we are a team (plus McGaugh, of
course).
It looks like Scott, Jim and I are available between 12 4 this afternoon or
from 10:30 11:30 and 1:30 3 on Monday, if any of those times work
for you.
Amy Eisenstadt
State Tax Counsel
(cell)
From: Roberti, Scott (GE, Corporate)

Scott G. Roberti
Director, State Tax Policy
Fairfield, CT 06828
T
;F

Sent: Thursday, December 03, 2015 12:54 PM
To: Roberti, Scott (GE, Corporate)
Cc: john. barros
Subject: Call w/Boston
Hi Scott,
I hope you are well. I wanted to see if you might have some time today or
tomorrow to speak with John and me we would welcome an
opportunity to hear your thoughts, answer any questions, and reiterate
our strong interest in the project.
We will do our best to work around your schedule if you could suggest a
few times.
Hope we can connect soon.
All the best,

Mike
Mike Kennealy

Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Subject:
Date:

RE: Call w/Boston
Friday, December 04, 2015 1:57:00 PM
Thanks!
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Subject: RE: Call w/Boston
absolutely
Amy Eisenstadt
State Tax Counsel
(cell)

Cc: Roberti, Scott (GE, Corporate); Mcgaugh, James (GE Corporate)
Could you send one please?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

; Mcgaugh, James (GE Corporate)
Lets go with it. Do you want me to send a call-in or will you?
Amy Eisenstadt
State Tax Counsel
(cell)

Thanks Amy how about 3pm today?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

; Mcgaugh, James (GE Corporate)
Mike/John
Scott forwarded your request to me since your proposal falls within my area, although like you and
John, we are a team (plus McGaugh, of course).
It looks like Scott, Jim and I are available between 12 4 this afternoon or from 10:30 11:30 and
1:30 3 on Monday, if any of those times work for you.
Amy Eisenstadt
State Tax Counsel
(cell)
From: Roberti, Scott (GE, Corporate)

Scott G. Roberti
Director, State Tax Policy
Fairfield, CT 06828
T
;F

Sent: Thursday, December 03, 2015 12:54 PM
To: Roberti, Scott (GE, Corporate)
Cc: john. barros
Subject: Call w/Boston
Hi Scott,
I hope you are well. I wanted to see if you might have some time today or tomorrow to speak with
John and me we would welcome an opportunity to hear your thoughts, answer any questions, and
reiterate our strong interest in the project.
We will do our best to work around your schedule if you could suggest a few times.
Hope we can connect soon.
All the best,

Mike

Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

RE: Call
My earlier response was a joke. No need for a call, as your email
Thanks
Jay
________________________________________
Subject: Re: Call
Sorry, was at the theater. Tomorrow AM?
Sent from my iPhone
On Dec 23, 2015, at 8:31 PM, Ash, Jay (EOHED)
<jay.ash@MassMail.State.MA.US<mailto:jay.ash@massmail.state.ma.us>> wrote:
If you can call me before 11p my time, I would appreciate that.
From:
To:
Cc:
Subject:
Date:

Polito, Karyn (GOV); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert (ANF); Ash, Jay
(EOHED); Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn; Elizabeth
Morse; jdoolin; Povich, Lon (GOV); Garrity, Rob (DOT)
Wehrs, Brianna (GOV); Zarrella, Lily (GOV)
RE: Can we please do a call 9:45 am or 10 am on the Boston project
Wednesday, December 09, 2015 9:36:20 AM
Key topics for the call:

Plum is interested in low-cost or free temporary space, to permit an early move while building or renovating.
Would like to see this in a revised proposal within the next 24 hours.
Plum also states that it is officially interested in a longer term lease at a MAPT property, despite earlier statements
re preference for 10-year term.
Plum official A. K. is in Boston today.
Sent: Wednesday, December 09, 2015 9:14 AM
To:
Polito, Karyn (GOV); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Ross, Robert (ANF); Ash,
Jay (EOHED); Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Tom Glynn;
Elizabeth Morse; jdoolin; Povich, Lon (GOV); Garrity, Rob (DOT)
Cc: Wehrs, Brianna (GOV); Zarrella, Lily (GOV)
Subject: Can we please do a call 9:45 am or 10 am on the Boston project
Importance: High
There are some follow up items that we need to try to address today.
Brianna or Lily--can you please send out an invitation?
Let's use
Thank you,
Steve
From:
To:
Cc:
Subject:
Date:
Povich, Lon (GOV)

Kennealy, Michael (EOHED); Ash, Jay (EOHED); Pollack, Stephanie (DOT); Lepore, Kristen (ANF); Beaton,
Matthew (EEA); Garrity, Rob (DOT)
Re: Chart for Updated Offer
Saturday, November 28, 2015 3:08:27 PM
I am happy to help over the weekend and would suggest

.
Sent from my iPhone
All:
Just received a message that the folks reviewing our proposal want to see all the
math, statutes, other examples, and understand what the application process is for
each item we are proposing.
This suggests to me that we have our legal teams also involved in putting together
our response. Who should this be from HED? Lon--who can help this weekend
from the Gov's office?
Let's please have a call tomorrow morning. 10 or 11 am?
Thx!
Steve
Sent from my iPhone
Sec Pollack (Rob!): we will need some information regarding the
District 6 site not later than tomorrow/early. Mike Kenneally can
help with what is exactly needed.
Sec Ash/Mike K: please propose what you think makes sense on the
land lease and ultimate discount to GE.
Sec Beaton: anything in your world that might be helpful for this
project?
Energy incentives?
Sec Ash: We are saving other brownfield/remediation $ for other
possible sites for a later stage of the negotiations?
Shall we have a call on all of this tomorrow/early, so that we can be

on the same page?
Thanks for everyone's time and attention!
Steve
Sent from my iPhone
On Nov 28, 2015, at 6:26 AM, Kennealy, Michael (EOHED)
Steve, here is an update from the call yesterday with GE and discussions with Jay
and team last night. Bottom line - I think we are in good shape to present
something clear and robust on the tax incentive side and with respect to the other
features of our offer, but we need more detail on sites and the deals we are
willing to do there. I think it would be best to express these as - value of the
site/land lease/rent X discount offered = value to GE. They are clearly now
looking for $100 MM in tax incentives + value ofreal estate. Please call with any
questions. We will need to submit everything by early afternoon on Monday and
are working towards that goal. Also was surprised to learn on call that they are
visiting sites in Boston next week - will get more detail today.
Tax incentives
1. EDIP/TIF
a. We said $48 MM EDIP for 500 jobs and $130
MM payroll; City had said $20 MM TIF 600
jobs; GE asked how each offer scales up or
down based on actual jobs
i. Discussion with Jay propose $42 54 MM
EDIP for 400-600 jobs
ii. Confirm with Boston how their offer scales
and whether they are focused on jobs
or square feet
b. GE wants all tax credits to be refundable
i. By statute can only do $6 MM refundable
per year ($1 MM JCP, $5 MM EEP)
ii. Confirm that we can do $9.6 MM across 3
buckets (JCP, EEP, other)
iii. Discussion with Jay say that we will
attempt to amend statute as part of
or economic development bill to offer
all refundable
c. GE would like to see (all items to be sent this
weekend or on Monday)
i. Statutory language on EDIP to confirm that
the board has discretion to offer an
award of this size and also refundable
vs. non-refundable buckets
ii. Examples of what was in the public record
for Liberty Mutual deal (discussed as
an example) application, meeting
minutes, press release, etc.
d. Process GE wants an MOU agreed upon
before any EACC meeting notice; very focused
on PR (actually asked if they could get the
award without an application no)
2. MassWorks
a. Will send statutory language
b. Question on what if they have private
developer, private site ownership - difficult
Sites
3. Site profiles
a. DOT to provide info on District 6 HQ
b. City has profiles on other sites
4. Deals for each site we need:

a. Dollar value of rent or land lease; times
b. % discount offered
c. = Dollar value to GE
d. Discussion with Jay - ask CBRE for their view of
value of various sites/land lease/rent
e. GE made the point on the call that they are
now assuming discounted rent for the 2 new
City and State sites
Other
5. Additional features of our offer - new letter will include

a. State training fund
b. Permitting ombudsman
c. Concierge
d. Ferry
e. Corporate jet
f. Housing Boston Home Center plus
MassHousing programs
g. Innovation Center
h. Helipad
i. $25 million in bond authorizedSeaport district
transportation improvements
j. Other?
6. Process
a. They have a 3pm discussion on Monday
b. They are visiting sites in Boston next week
c. Barros and I to have a call with Cowan today to
discuss process further
Cc: Pollack, Stephanie (DOT); Kennealy, Michael (EOHED);
Lepore, Kristen (ANF); Povich, Lon (GOV); Beaton, Matthew
(EEA)
Subject: Re: Chart for Updated Offer
Mike -- is there an update from a call today? Thx. Steve
Sent from my iPhone
On Nov 27, 2015, at 4:14 PM, Ash, Jay (EOHED)
<jay.ash@MassMail.State.MA.US> wrote:
Great and agreed on the bridge.
-------- Original message -------From: "Pollack, Stephanie (DOT)"

<stephanie.pollack@dot.state.ma.us>
Date: 11/27/2015 5:06 PM (GMT-04:00)
To: "Kadish, Steven (GOV)"
<steven.kadish@MassMail.State.MA.US>, "Ash, Jay (EOHED)"
<jay.ash@MassMail.State.MA.US>
<Michael.kennealy@MassMail.State.MA.US>, "Lepore, Kristen
(ANF)" <kristen.lepore@MassMail.State.MA.US>, "Pollack,
Stephanie (DOT)" <stephanie.pollack@dot.state.ma.us>,
"Povich, Lon (GOV)" <lon.povich@MassMail.State.MA.US>,
"Beaton, Matthew (EEA)"
<Matthew.Beaton@MassMail.State.MA.US>
Subject: RE: Chart for Updated Offer
There is $25 million in bond authorized
Seaport district transportation improvements we could add.
Bridge is too expensive and complicated.
Stephanie
-------- Original message -------From: "Kadish, Steven (GOV)"

Date: 11/27/2015 2:41 PM (GMT-05:00)
To: "Ash, Jay (SEA)" <jay.ash@state.ma.us>
Cc: "Kennealy, Michael (SEA)"
<michael.kennealy@state.ma.us>, "Lepore, Kristen (ANF)"
<kristen.lepore@state.ma.us>, "Pollack, Stephanie (DOT)"
<stephanie.pollack@state.ma.us>, "Povich, Lon (GOV)"
<lon.povich@state.ma.us>, "Beaton, Matthew (ENV)"
<matthew.beaton@state.ma.us>
I was looking to have the State total be more than $80M
($85m?)and therefore the package with the City be more than
$100M.
Sent from my iPhone
48mm on edip, 32 massworks for 80 plus city's
20m. Northern Avenue Bridge is off the table
(may not have been able to get permitted
anyway)
-------- Original message -------From: "Kennealy, Michael (EOHED)"

Date: 11/27/2015 1:04 PM (GMT-04:00)
<steven.kadish@MassMail.State.MA.US>,
"Ash, Jay (EOHED)"
<jay.ash@MassMail.State.MA.US>, "Lepore,
Kristen (ANF)"
<kristen.lepore@MassMail.State.MA.US>,
"Pollack, Stephanie (DOT)"
<stephanie.pollack@dot.state.ma.us>,
"Povich, Lon (GOV)"
<lon.povich@MassMail.State.MA.US>,
"Beaton, Matthew (EEA)"

Subject: RE: Chart for Updated Offer
Hi Steve,
A few thoughts/questions:
- Per my discussion with Jay this morning, we

are looking at the Economic Development
Incentive Program instead of ITC.
- On your point #2 - would this be $50 MM
each for EDIP and MassWorks for $100 MM
totalvs. the $80 MM total we have now?
- Re: the Northern Ave bridge, if I understood
my conversation with Jay correctlythis is no
longer an option.
I'm available on cell phone

. I
will be on a call with GE tax folks and John
Barros at 4pm today.
Thanks,
Mike

Sent: Friday, November 27, 2015
11:20 AM
To: Ash, Jay (EOHED); Lepore,
Kristen (ANF); Pollack, Stephanie
(DOT); Povich, Lon (GOV);
Kennealy, Michael (EOHED);
Subject: Fwd: Chart for Updated
Offer
Looping in Sec Pollack, Sec Beaton and Mike
K.
1. Please include something about the helipad.
Could we develop and pay for this as a
common amenity?
2. Bump up the Investment Tax Credit and
MassWorks so that they total over $50?
3. Is there any cost of energy or sustainability
$ available that may help? Credits for
equipment purchase, etc.? Sec Beaton?
4. Please include Northern Ave bridge and
other $25M improvements.
5. Sec Pollack -- other ideas?
6. Sec Lepore -- ??
Thx.
Steve
Sent from my iPhone
From: "Ash, Jay (SEA)"
<jay.ash@massmail.state.ma.us>
Date: November 27, 2015
at 7:04:53 AM EST
To:
"kristen.lepore@state.ma.us"
<kristen.lepore@massmail.state.ma.us>,
"steven.kadish@state.ma.us"
<steven.kadish@massmail.state.ma.us>
Cc:
"lon.povich@state.ma.us"
<lon.povich@massmail.state.ma.us>
Subject: Chart for
Updated Offer
Here's a rundown of where

we are. In my absence,
Mike Kennealy has the ball.
Steve if you could inquire
with Massport on the
percentage off they are
willing to let out a land
lease (I assume that it will
depend on how much of the
land is left over for the
development of a second
building) and determine
what our offer is on the
District 6 building (75% off
would be reasonable, and
we could negotiate that to
the 100% they will want)
and direct that to Mike, that
would be helpful. Gov says
100% off for Convention
Center site, Kristen could
you confirm that.
I'll be in touch with Mike
regularly. Lon, please give
him a call as well to offer
your always appreciated
assistance. Thanks.
John Barros is coordinating
with the GE folks. We are
in contact.
Cheers,
Jay
Mike Kennealy 617-6344762
From:
To:
Cc:
Subject:
Date:

Ash, Jay (EOHED); Zarrella, Lily (GOV)
RE: Chart for Updated Offer
I think it will just be you and me Steve given Jay's travel schedule.

Cc: Ash, Jay (EOHED); Zarrella, Lily (GOV)
Are we on for 11:45 am tomorrow--the 3 of us on the same line that Brianna sent out?
Sent from my iPhone
On Nov 28, 2015, at 4:30 PM, Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US> wrote:
You all will need to take the lead here with some options, some comps, and the pros and cons.
I am setting up a call with our full team for noon tomorrow.
Let us use the same line for a prep call at 11:45 am tomorrow.
You all will lead the call.
Sent from my iPhone
On Nov 28, 2015, at 3:41 PM, Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US> wrote:
Steve, Jay, feels like, between the info we just received from MassPort, request out to DOT, and
MCCA info coming tomorrow, thatwe will have good info on the various sites. Missing piece is what
deal we're willing to do - % discount for rent for DOT 6 and % discount on land lease for MassPort
and MCCA. Not clear to me how we arrive at this or what constraints there may be - discuss
tomorrow on call or today?

To: Povich, Lon (GOV)
Cc: Kennealy, Michael (EOHED); Ash, Jay (EOHED); Pollack, Stephanie
(DOT); Lepore, Kristen (ANF); Beaton, Matthew (EEA); Garrity, Rob (DOT)
All -- I will schedule a call for tomorrow morning. Stay tuned.
All -- lets all be cognizant of what's appropriate for email: phone is good.
Lon and Mike K -- please connect.
Sec Lepore will have info on MCCA properties tomorrow.
Sent from my iPhone
On Nov 28, 2015, at 3:08 PM, Povich, Lon (GOV) <lon.povich@MassMail.State.MA.US> wrote:
I am happy to help over the weekend and would suggest that
Sent from my iPhone
All:
Just received a message that the folks reviewing our proposal
want to see all the math, statutes, other examples, and
understand what the application process is for each item we are
proposing.
This suggests to me that we have our legal teams also involved
in putting together our response. Who should this be from HED?
Lon--who can help this weekend from the Gov's office?
Let's please have a call tomorrow morning. 10 or 11 am?
Thx!
Steve
Sent from my iPhone
Sec Pollack (Rob!): we will need some
information regarding the District 6 site not
later than tomorrow/early. Mike Kenneally can
help with what is exactly needed.
Sec Ash/Mike K: please propose what you
think makes sense on the land lease and
ultimate discount to GE.
Sec Beaton: anything in your world that might
be helpful for this project?
Energy incentives?
Sec Ash: We are saving other
brownfield/remediation $ for other possible
sites for a later stage of the negotiations?
Shall we have a call on all of this
tomorrow/early, so that we can be on the
same page?
Thanks for everyone's time and attention!
Steve
Sent from my iPhone
On Nov 28, 2015, at 6:26 AM, Kennealy,
Michael (EOHED)
wrote:
Steve, here is an update
from the call yesterday with
GE and discussions with Jay
and team last night.
Bottom line - I think we are
in good shape to present
something clear and robust
on the tax incentive side
and with respect to the
other features of our offer,
but we need more detail on
sites and the deals we are
willing to do there. I think
it would be best to express
these as - value of the
site/land lease/rent X
discount offered = value to
GE. They are clearly now
looking for $100 MM in tax
incentives + value ofreal

estate. Please call with any
questions. We will need to
submit everything by early
afternoon on Monday and
are working towards that
goal. Also was surprised to
learn on call that they are
visiting sites in Boston next
week - will get more detail
today.
Tax incentives
1. EDIP/TIF
a. We
said
$48
MM
EDIP
for
500
jobs
and
$130
MM
payroll;
City
had
said
$20
MM
TIF
600
jobs;
GE
asked
how
each
offer
scales
up
or
down
based
on
actual
jobs
i.
Discussion
with
Jay
propose
$42
54
MM
EDIP
for
400600
ii.
jobs
Confirm
with
Boston
how
their
offer
scales
and
whether
they
are
focused
on
jobs
or
square
feet
b. GE
wants
all
tax
credits
to
be
refundable
i. By
statute
can
only
do
$6
MM
refundable
per
year
($1
MM
JCP,
$5
MM
EEP)
ii.
iii.
Confirm
that
we
can
do
$9.6
MM
across
3
buckets
(JCP,
EEP,
other)
Discussion
with
Jay
say
that
we
will
attempt
to
amend
statute
as
part
of
or
economic
development
bill
to
offer
all
refundable
c. GE
would
like
to
see
(all
items
to
be
sent
this
weekend
or
on
Monday)
i.
Statutory
language
on
EDIP
to
confirm
that
the
board
has
discretion
to
offer
an
award
of
this
size
and
also
refundable
ii.
vs.
nonrefundable
buckets
Examples
of
what
was
in
the
public
record
for
Liberty
Mutual
deal
(discussed
as
an
example)
application,
meeting
minutes,
press
release,
etc.
d.
Process
GE
wants
an
MOU
agreed
upon
before
any
EACC
meeting
notice;
very
focused
on
PR
(actually
asked
if
they
could
get
the
award
without
an
application
no)
2. MassWorks
a. Will
send
statutory
language
b.
Question
on
what
if
they
have
private
developer,
private
site
ownership
difficult
Sites
3. Site profiles
a. DOT
to
provide
info
on
District
6
HQ
b. City
has
profiles
on
other
sites
4. Deals for
each site we
need:
a. Dollar
value
of
rent
or
land
lease;
times
b. %
discount
offered
c. =
Dollar
value
to
GE
d.
Discussion
with
Jay -
ask
CBRE
for
their
view
of
value
of
various
sites/land
lease/rent
e. GE
made
the
point
on
the
call
that
they
are
now
assuming
discounted
rent
for
the
2
new
City
and
State
sites
Other
5. Additional
features of
our offer new letter
will include
a. State
training
fund
b.
Permitting
ombudsman
c.
Concierge
d. Ferry
e.
Corporate
jet
f.
Housing
Boston
Home
Center
plus
MassHousing
g.
h.
i.
j.
programs
Innovation
Center
Helipad
$25
million
in
bond
authorizedSeaport
district
transportation
improvements
Other?
6. Process
a. They
have
a
3pm
discussion
on
Monday
b. They
are
visiting
sites
in
Boston
next
week
c.
Barros
and
I to
have
a
call
with
Cowan
today
to
discuss
process
further
From: Kadish, Steven
(GOV)
Sent: Friday,
November 27, 2015
10:17 PM
Cc: Pollack,
Stephanie (DOT);
Kennealy, Michael
(EOHED); Lepore,
Kristen (ANF);
Povich, Lon (GOV);
Beaton, Matthew
(EEA)
Subject: Re: Chart
for Updated Offer
Mike -- is there an update
from a call today? Thx.
Steve
Sent from my iPhone
On Nov 27, 2015, at 4:14
PM, Ash, Jay (EOHED)
wrote:
Great and
agreed on
the
bridge.
Sent from
my Verizon
Wireless
4G LTE
smartphone
-------Original
message
-------From:
"Pollack,
Stephanie
(DOT)"
<stephanie.pollack@dot.state.ma.us>
Date:
11/27/2015
5:06 PM
(GMT04:00)
To:
"Kadish,
Steven
(GOV)"
"Ash, Jay
(EOHED)"
Cc:
"Kennealy,
Michael
(EOHED)"
<Michael.kennealy@MassMail.State.MA.US>,
"Lepore,
Kristen
(ANF)"
"Pollack,
Stephanie
(DOT)"
"Povich,
Lon
(GOV)"
"Beaton,
Matthew
(EEA)"
Subject:
RE: Chart
for
Updated
Offer
There is
$25
million in
bond
authorized
Seaport
district
transportation
improvements
we could
add.
Bridge is
too
expensive
and
complicated.
Stephanie
Sent from
my Verizon
Wireless
4G LTE
smartphone
-------Original
message
-------From:
"Kadish,
Steven
(GOV)"
Date:
11/27/2015
2:41 PM
(GMT05:00)
To: "Ash,
Jay
(SEA)"
<jay.ash@state.ma.us>
Cc:
"Kennealy,
Michael
(SEA)"
<michael.kennealy@state.ma.us>,
"Lepore,
Kristen
(ANF)"
<kristen.lepore@state.ma.us>,
"Pollack,
Stephanie
(DOT)"
<stephanie.pollack@state.ma.us>,
"Povich,
Lon
(GOV)"
<lon.povich@state.ma.us>,
"Beaton,
Matthew
(ENV)"
<matthew.beaton@state.ma.us>
Subject:
Re: Chart
for
Updated
Offer
I was
looking to
have the
State
total be
more
than
$80M
($85m?)and
therefore
the
package
with the
City be
more
than
$100M.
Sent from
my
iPhone
On Nov
27, 2015,
at 2:27
PM, Ash,
Jay
(EOHED)
wrote:
48mm
on
edip,
32
massworks
for
80
plus
city's
20m.
Northern
Avenue
Bridge
is
off
the
table
(may
not
have
been
able
to
get
permitted
anyway)
Sent
from
my
Verizon
Wireless
4G
LTE
smartphone
Original
message
From:
"Kennealy,
Michael
(EOHED)"
Date:
11/27/2015
1:04
PM
(GMT04:00)
To:
"Kadish,
Steven
(GOV)"
"Ash,
Jay
(EOHED)"
<jay.ash@MassMail.State.MA.US>,
"Lepore,
Kristen
(ANF)"
"Pollack,
Stephanie
(DOT)"
"Povich,
Lon
(GOV)"
"Beaton,
Matthew
(EEA)"
Subject:
RE:
Chart
for
Updated
Offer
Hi
Steve,
A
few
thoughts/questions:
Per
my
discussion
with
Jay
this
morning,
we
are
looking
at
the
Economic
Development
Incentive
Program
instead
of
ITC.
On
your
point
#2
would
this
be
$50
MM
each
for
EDIP
and
MassWorks
for
$100
MM
totalvs.
the
$80
MM
total
we
have
now?
Re:
the
Northern
Ave
bridge,
if
I
understood
my
conversation
with
Jay
correctlythis
is
no
longer
an
option.
I'm
available
on
cell
phone
will
be
on
a
call
with
GE
tax
folks
and
John
Barros
at
4pm
today.
Thanks,
Mike
From:
Kadish,
Steven
(GOV)
Sent:
Friday,
November
27,
2015
11:20
AM
To:
Ash,
Jay
(EOHED);
Lepore,
Kristen
(ANF);
Pollack,
Stephanie
(DOT);
Povich,
Lon
(GOV);
Kennealy,
Michael
(EOHED);
Beaton,
Matthew
(EEA)
Subject:
Fwd:
Chart
for
Updated
Offer
Looping
in
Sec
Pollack,
Sec
Beaton
and
Mike
K.
1.
Please
include
something
about
the
helipad.
Could
we
develop
and
pay
for
this
as
a
common
amenity?
2.
Bump
up
the
Investment
Tax
Credit
and
MassWorks
so
that
they
total
over
$50?
3.
Is
there
any
cost
of
energy
or
sustainability
$
available
that
may
help?
Credits
for
equipment
purchase,
etc.?
Sec
Beaton?
4.
Please
include
Northern
Ave
bridge
and
other
$25M
improvements.
5.
Sec
Pollack
other
ideas?
6.
Sec
Lepore
??
Thx.
Steve
Sent
from
my
iPhone
Begin
forwarded
message:
From:
"Ash,
Jay
(SEA)"
<jay.ash@massmail.state.ma.us>
Date:
November
27,
2015
at
7:04:53
AM
EST
To:
"kristen.lepore@state.ma.us"
<kristen.lepore@massmail.state.ma.us>,
"steven.kadish@state.ma.us"
<steven.kadish@massmail.state.ma.us>
Cc:
"lon.povich@state.ma.us"
<lon.povich@massmail.state.ma.us>
Subject:
Chart
for
Updated
Offer
Here's
a
rundown
of
where
we
are.
In
my
absence,
Mike
Kennealy
has
the
ball.
Steve
if
you
could
inquire
with
Massport
on
the
percentage
off
they
are
willing
to
let
out
a
land
lease
(I
assume
that
it
will
depend
on
how
much
of
the
land
is
left
over
for
the
development
of
a
second
building)
and
determine
what
our
offer
is
on
the
District
6
building
(75%
off
would
be
reasonable,
and
we
could
negotiate
that
to
the
100%
they
will
want)
and
direct
that
to
Mike,
that
would
be
helpful.
Gov
says
100%
off
for
Convention
Center
site,
Kristen
could
you
confirm
that.
I'll
be
in
touch
with
Mike
regularly.
Lon,
please
give
him
a
call
as
well
to
offer
your
always
appreciated
assistance.
Thanks.
John
Barros
is
coordinating
with
the
GE
folks.
We
are
in
contact.
Cheers,
Jay
Mike
Kennealy
6176344762
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

Karyn Polito;
RE: Connecticut Tuesday, June 02, 2015 7:48:02 AM
Thanks! We are already on it.
-------- Original message -------From: Karyn Polito <kepolito@aol.com>

Date: 06/01/2015 9:58 PM (GMT-05:00)
To: GOV E-mail
"Ash, Jay (EOHED)"
<jay.ash@MassMail.State.MA.US>, "Kadish, Steven (GOV)"
Subject: Connecticut -
There's an article in Hartford Courant about

raising taxes- and response from AETNA
Travellers and GE. Would be nice to welcome
more insurers to MA!
Capitol Watch
PoliticsCapitol Watch
GE, Aetna, Travelers Issue

Statements Against CT Tax
P k
I R M
Sign up today and save up to 83% on a

Hartford Courant digital subscriWeather
Alertin Windham, Tolland, Hartford, New
London, New Haven, Middlesex and Fairf
counties.
Sent from my iPhone

Karyn Polito
From:
To:
Subject:
Date:

Ash, Jay (EOHED)
RE: Connecticut Tuesday, June 02, 2015 8:33:21 AM
Of course!

Sent: Tuesday, June 02, 2015 7:48 AM
To: Karyn Polito;
Subject: RE: Connecticut -
Thanks! We are already on it.
-------- Original message -------From: Karyn Polito <kepolito@aol.com>

Date: 06/01/2015 9:58 PM (GMT-05:00)
To:
, "Ash, Jay (EOHED)"
Subject: Connecticut Sign up today and save up to 83% on a Hartford Courant digital subscriWeather
Alertin Windham, Tolland, Hartford, New London, New Haven, Middlesex and
Fairfield counties.
There's an article in Hartford Courant about raising taxes- and response from AETNA
Travellers and GE. Would be nice to welcome more insurers to MA!
Capitol Watch
Politics Capitol Watch
GE, Aetna, Travelers Issue Statements Against

CT Tax Package In Rare Move
Sent from my iPhone
Karyn Polito
From:
To:
Cc:
Subject:
Date:

Povich, Lon (GOV); Frazier, Ricks (EOHED); Lepore, Kristen (ANF); Ash, Jay (EOHED)
Re: connecting Jen, Lon,Ricks
I am on my cell:

Jens #

Yes,
is my cell or
home.

Jen,
Can I call you tonight?

What#?
Thx.
Sent from my iPhone
From: "Kadish, Steven (GOV)"
To: "Lepore, Kristen (ANF)"
<kristen.lepore@MassMail.State.MA.US>
<Michael.kennealy@MassMail.State.MA.US>, "Ash, Jay
(EOHED)" <jay.ash@MassMail.State.MA.US>, "Sullivan,
Jennifer F. (ANF)"

We just tried you.
What # can we call?
Sent from my iPhone
We need to talk ASAP. Jen got info from bond
counsel that significantly changes things.

To: Ash, Jay (EOHED); Kadish, Steven (GOV);
Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF)
And all to be reviewed by City too - Jay calling

Barros to update him.
Mike Kennealy
On Dec 7, 2015, at 5:46 PM, Kennealy, Michael

(EOHED)
wrote:
Attached please find a memo
from our MassWorks director
describing some of the larger
projects completed. I need to
give this a closer read tonight,
but I think it is at least a good
start. On other items:
- Jennifer is doing a first

draft of the 1 1 page
document. I will look at
tonight, made comments
and send back to her; we
are then discussing at
7am tomorrow and will
send to this group ASAP
guessing 8/8:30am.
- Jay and I discussed
sending the 1 pager

with two attachments
(slightly different game
plan than discussed in the
meeting)
o MassPort site
document I
think I heard
them commit to
getting us
something midmorning
tomorrow
o MassWorks
document
attached (with
edits obviously)
- Do not propose that we
send either
o A separate site
document from
us I think
MassPort really
needs to drive
this; obviously
well make
edits/additions
o The MOBD memo
on other benefits
to GE these
points are really
all captured in
the 1-1/2 pager
now
So a good concise package to

them by [noon?] tomorrow
- Cover letter
- Site document
- MassWorks
Any questions let me know.
Mike

Mike Kennealy
Assistant Secretary for Business
Growth
The Commonwealth of
Massachusetts
Executive Office of Housing &
Economic Development
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
<Updated - Examples of
MassWorks Capabilities
20151207.docx MJK.docx>
From:
To:
Cc:
Subject:
Date:
Mcgaugh, James (GE Corporate)

Buckley, Timothy (GOV)
Re: Connecting you
Monday, January 11, 2016 7:56:39 PM
Thanks. I think we are all good for the moment. We may run the drill on
Wednesday but for now I think we can all breathe. We're going to connect
with Laura Oggeri
Chief of Communication cell 1
.
> On Jan 11, 2016, at 7:53 PM, Buckley, Timothy (GOV)

<timothy.buckley@MassMail.State.MA.US> wrote:
>
> OK. Thanks.
>
> I have not contacted Mayor Walsh's office. Let me know if you would like
us to do that.
>
> ________________________________________
> From: Mcgaugh, James (GE Corporate) <james.mcgaugh@ge.com>
> Sent: Monday, January 11, 2016 7:20 PM
> To: Buckley, Timothy (GOV); Kennealy, Michael (EOHED)
> Subject: RE: Connecting you
>
> Tim & Mike---thanks a bunch. I will share with our comms team. The
likely contact will be Una Pullizi or could be Seth Martin. One or the
other will reach out to you, Tim, at go-time. Jim
>
> -----Original Message----> From: Buckley, Timothy (GOV)
[mailto:timothy.buckley@MassMail.State.MA.US]
> To: Kennealy, Michael (EOHED); Mcgaugh, James (GE Corporate)
> Subject: RE: Connecting you
>
> My cell is
>
>
>
> -----Original Message----> From: Kennealy, Michael (EOHED)
> To: Jim McGaugh; Buckley, Timothy (GOV)
> Subject: Connecting you
>
> Jim, Tim - connecting you over email. Jim, do you want to call Tim to
discuss plan? Let me know if I can do anything else here.
>
> Thanks,
> Mike
>
> Mike Kennealy
From:
To:
Cc:

Povich, Lon (GOV); Frazier, Ricks (EOHED); Cosco, Jonathan (EOHED); Kadish, Steven (GOV); Davenport, David
S (DOR); Ross, Robert (ANF); Sullivan, Jennifer F. (ANF)
Re: DOR Tax questions
Subject:
Date:
Not unless we can define them as manufacturing.

Sent from my iPhone
On Nov 29, 2015, at 4:59 PM, Kennealy, Michael (EOHED)
So is there currently any advantage that MA has over CT or NY? It
below, but just wanted to confirm.
based on the answer

To: Frazier, Ricks (EOHED); Cosco, Jonathan (EOHED); Kennealy, Michael (EOHED);
Cc: Lepore, Kristen (ANF); Davenport, David S (DOR); Ross, Robert (ANF); Sullivan,
Jennifer F. (ANF)
Subject: Fw: DOR Tax questions
expanding the group
From: Lepore, Kristen (ANF)

To: Davenport, David S (DOR)
Cc: Nunnelly, Mark E (DOR); Rybicki, Michael T (DOR); robert.ross@state.ma.us;
jennifer.f.sullivan@state.ma.us; Brown, Kevin W (DOR); Forter, Rebecca H (DOR);
Povich, Lon (GOV)
Subject: Re: DOR Tax questions
Lon can you please loop in the appropriate people to this email chain?
Sent from my iPhone
On Nov 29, 2015, at 4:07 PM, Davenport, David S. <davenportd@dor.state.ma.us> wrote:

Looping in Kevin Brown and Rebecca Forter.
.
-Dave
From: Nunnelly, Mark E.

To: Lepore, Kristen (ANF); Rybicki, Michael T.
Cc: Davenport, David S.; 'robert.ross@state.ma.us';
'jennifer.f.sullivan@state.ma.us'; Brown, Kevin W.
Remember we are proposing the idea of moving to single sales factor in

the modernization proposals. So we have a lot of fresh stuff on this
Mark Nunnelly, Commissioner
Department of Revenue
Special Advisor to the Governor for
Innovation Competitiveness
Tel: (617)626-2201
Fax:(617)626-2299
From: Lepore, Kristen (ANF) [mailto:kristen.lepore@MassMail.State.MA.US]

To: Rybicki, Michael T.
Cc: Nunnelly, Mark E.; Davenport, David S.; Ross, Robert (ANF)
<robert.ross@state.ma.us>; Sullivan, Jennifer F. (ANF)
<jennifer.f.sullivan@state.ma.us>
Jen and Bob,
Please work with Dave to answer the questions about EDIP.
Jen can you please contact Dave with specifics? Bob is driving and will be
available around 6:30.
Thank you everyone.

Sent from my iPhone
On Nov 29, 2015, at 3:48 PM, Rybicki, Michael T.
<rybickim@dor.state.ma.us> wrote:
Hi Secretary Lepore,
Dave Davenport (copied) will be available to help out with
those topics.
Thank you,
Michael T. Rybicki | Chief of Staff

[mailto:kristen.lepore@MassMail.State.MA.US]
To: Nunnelly, Mark E.
Cc: Rybicki, Michael T.
Subject: DOR Tax questions
Hi Mark,
Who from DOR can work with A&F, HED and Gov legal office
today and early tomorrow morning on some questions we
have
?
Kristen
Kristen Lepore
Secretary
State House, Room 373
Boston, MA 02133
(617) 727-2040
**********************************************************************
This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
are addressed. If you have received this email in error please notify
the system manager at postmaster at dor.state.ma.us.
**********************************************************************
From:
To:
Cc:
Subject:
Date:

Sullivan, Jennifer F. (ANF); Frazier, Ricks (EOHED)
Kadish, Steven (GOV); Kennealy, Michael (EOHED); Povich, Lon (GOV)
RE: Final approval of Plum materials
Thanks everyone. Good work!

Cc: Lepore, Kristen (ANF); Kadish, Steven (GOV); Kennealy, Michael (EOHED); Povich, Lon (GOV)
Subject: Re: Final approval of Plum materials
Great!
On Dec 1, 2015, at 7:32 PM, Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US> wrote:

Heres the revised language.
Ricks

To: Lepore, Kristen (ANF)
Cc: Kadish, Steven (GOV); Kennealy, Michael (EOHED); Povich, Lon (GOV); Frazier, Ricks
(EOHED)
Mike, those are the Bob Ross edits from earlier. Thanks!

Mike Jen is sending you comments now. Specifically about the local tax
incentive section and the EDIP reference.

To: Lepore, Kristen (ANF); Kennealy, Michael (EOHED); Povich, Lon (GOV);
Subject: RE: Final approval of Plum materials
Mike,
Nice job.
My comments are in the attached document.
Lets get this outta here!
Steve

To: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Povich, Lon (GOV);
I am still reading but the bullets of rankings on page two - some have
periods and some dont. Please make them all consistent.

To: Lepore, Kristen (ANF); Kadish, Steven (GOV); Povich, Lon (GOV);
Please read this and give any comments. I will do another read right now.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Lepore, Kristen (ANF) <kristen.lepore@MassMail.State.MA.US>;
Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>; Povich,
Lon (GOV) <lon.povich@MassMail.State.MA.US>; Sullivan, Jennifer F.
(ANF) <Jennifer.F.Sullivan@MassMail.State.MA.US>; Frazier, Ricks
(EOHED) <ricks.frazier@MassMail.State.MA.US>
I have the email with Elizabeth, who also called me with the air people
from her office. I have not heard from Tom but Steve was going to try to
reach him. I suspect Tom meant that they cannot store a helicopter at
Logan. We should see if Steve reaches Tom and if not I suggest we do
with what Elizabeth said.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>;
Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>;
Povich, Lon (GOV) <lon.povich@MassMail.State.MA.US>; Sullivan,
Jennifer F. (ANF) <Jennifer.F.Sullivan@MassMail.State.MA.US>; Frazier,
Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US>
Mike did you get resolution on the helicopter matter?

To: Kennealy, Michael (EOHED); Povich, Lon (GOV); Lepore, Kristen (ANF);

Yes, I have heard that all the other proposals are in.
We need to get ours in.

To: Kadish, Steven (GOV); Povich, Lon (GOV); Lepore, Kristen (ANF);
Barros and I spoke with Mo who informed us that there is now a meeting
tonight at 7:30pm. I am working on a redraft of the letter now and hope
to have with 30-45 minutes. If you could focus on it as soon as it comes
over that would be appreciated.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Povich, Lon (GOV) <lon.povich@MassMail.State.MA.US>; Lepore, Kristen
(ANF) <kristen.lepore@MassMail.State.MA.US>; Jennifer F. Sullivan (ANF)
(Jennifer.F.Sullivan@MassMail.State.MA.US)
<Jennifer.F.Sullivan@MassMail.State.MA.US>; Frazier, Ricks (EOHED)
<ricks.frazier@MassMail.State.MA.US>
Subject: Final approval of Plum materials
FYI - per my conversation with Steve a bit earlier, we think this is the
group that should have final sign off on the materials being sent to Plum
tonight. Obviously were working as fast as possible to get this done, but
I suspect it will be sometime tonight before it is finished, though
hopefully not too late. The City will want to review the final letter and
Barros will be in a meeting from 6-8pm. My goal is to have everything
finished by 8pm, get final sign off from this group and the City, and then
send to Plum. I will provide updates on how were doing against that
timing.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:

Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF)
Looks good except take out the extra comma in the first sentence of the second paragraph.

To: Sullivan, Jennifer F. (ANF); Lepore, Kristen (ANF)
Cc: Kadish, Steven (GOV); Kennealy, Michael (EOHED); Povich, Lon (GOV)
Ricks

Cc: Kadish, Steven (GOV); Kennealy, Michael (EOHED); Povich, Lon (GOV); Frazier, Ricks (EOHED)
On Dec 1, 2015, at 7:18 PM, Lepore, Kristen (ANF) <kristen.lepore@MassMail.State.MA.US> wrote:

Mike Jen is sending you comments now. Specifically about the local tax incentive
section and the EDIP reference.

To: Lepore, Kristen (ANF); Kennealy, Michael (EOHED); Povich, Lon (GOV); Sullivan,
Jennifer F. (ANF); Frazier, Ricks (EOHED)

Mike,
Nice job.
Steve

To: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Povich, Lon (GOV); Sullivan,
I am still reading but the bullets of rankings on page two - some have periods and some
dont. Please make them all consistent.

To: Lepore, Kristen (ANF); Kadish, Steven (GOV); Povich, Lon (GOV); Sullivan, Jennifer F.
(ANF); Frazier, Ricks (EOHED)
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Lepore, Kristen (ANF) <kristen.lepore@MassMail.State.MA.US>; Kadish, Steven
(GOV) <steven.kadish@MassMail.State.MA.US>; Povich, Lon (GOV)
<lon.povich@MassMail.State.MA.US>; Sullivan, Jennifer F. (ANF)
I have the email with Elizabeth, who also called me with the air people from her office.
I have not heard from Tom but Steve was going to try to reach him. I suspect Tom
meant that they cannot store a helicopter at Logan. We should see if Steve reaches
Tom and if not I suggest we do with what Elizabeth said.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

(EOHED) <Michael.kennealy@MassMail.State.MA.US>; Povich, Lon (GOV)

To: Kennealy, Michael (EOHED); Povich, Lon (GOV); Lepore, Kristen (ANF); Sullivan,

To: Kadish, Steven (GOV); Povich, Lon (GOV); Lepore, Kristen (ANF); Sullivan, Jennifer F.
Barros and I spoke with Mo who informed us that there is now a meeting tonight at
7:30pm. I am working on a redraft of the letter now and hope to have with 30-45
minutes. If you could focus on it as soon as it comes over that would be appreciated.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>; Povich, Lon (GOV)
<lon.povich@MassMail.State.MA.US>; Lepore, Kristen (ANF)
<kristen.lepore@MassMail.State.MA.US>; Jennifer F. Sullivan (ANF)
FYI - per my conversation with Steve a bit earlier, we think this is the group that should
have final sign off on the materials being sent to Plum tonight. Obviously were
working as fast as possible to get this done, but I suspect it will be sometime tonight
before it is finished, though hopefully not too late. The City will want to review the
final letter and Barros will be in a meeting from 6-8pm. My goal is to have everything
finished by 8pm, get final sign off from this group and the City, and then send to Plum.
I will provide updates on how were doing against that timing.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:

Sullivan, Jennifer F. (ANF); Lepore, Kristen (ANF)
Ricks

Cc: Kadish, Steven (GOV); Kennealy, Michael (EOHED); Povich, Lon (GOV); Frazier, Ricks (EOHED)


Mike,
Nice job.
Steve


Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762



Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762


Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:

Sullivan, Jennifer F. (ANF); Lepore, Kristen (ANF)
Kadish, Steven (GOV); Povich, Lon (GOV); Frazier, Ricks (EOHED)
Got it
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Lepore, Kristen (ANF) <kristen.lepore@MassMail.State.MA.US>
Cc: Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>; Kennealy, Michael (EOHED)
<Michael.kennealy@MassMail.State.MA.US>; Povich, Lon (GOV)
<lon.povich@MassMail.State.MA.US>; Frazier, Ricks (EOHED)


Mike,
Nice job.
Steve


Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762



Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:

Kennealy, Michael (EOHED); Kadish, Steven (GOV); Povich, Lon (GOV); Frazier, Ricks (EOHED)
Re: Final approval of Plum materials
One other minor thing, where you've created the table of benefits totaling $106m, finance
types expect to see numbers aligned on the right, and $ only for the first number in the
column and in the total. It is jarring to see them left justified like text. In my edits from
earlier, I redid it correctly.

Jen is sending the suggested language that she and Bob sent earlier to use.

Cc: Lepore, Kristen (ANF); Kadish, Steven (GOV); Povich, Lon (GOV); Frazier, Ricks
(EOHED)
A few comments:
Add page numbers

Bullets should all have periods or none; make consistent
P.4 TIF is incompatible with I-cubed; query whether best to strike where it appears
P.4 TIF would only presumably lower lease cost if lessor is taxable; MCCA and MassPort
don't pay property taxes. I recommend striking this clause.
P.4 I think the "local property tax" section repeats, but with slightly different text.
Combine or delete one.
P.5 don't start a sentence with the number 2014. I sent you a rephrase earlier today.
Looks good! Sorry for being persnickety. No excuse except I'm a lawyer. Thanks.
This includes all recent changes TIF, helicopters, etc
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Mike Kennealy

Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762



Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

timing.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:

Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Frazier, Ricks (EOHED)
Kadish, Steven (GOV); Povich, Lon (GOV)
Sent!
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Sullivan, Jennifer F. (ANF) <Jennifer.F.Sullivan@MassMail.State.MA.US>; Frazier, Ricks (EOHED)
Cc: Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>; Kennealy, Michael (EOHED)
<Michael.kennealy@MassMail.State.MA.US>; Povich, Lon (GOV)
<lon.povich@MassMail.State.MA.US>
Im leaving the office now and will be driving so call me on my cell if you need me.

Cc: Lepore, Kristen (ANF); Kadish, Steven (GOV); Kennealy, Michael (EOHED); Povich, Lon (GOV)
Great!
On Dec 1, 2015, at 7:32 PM, Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US> wrote:

Ricks

Cc: Kadish, Steven (GOV); Kennealy, Michael (EOHED); Povich, Lon (GOV); Frazier, Ricks
(EOHED)

Mike Jen is sending you comments now. Specifically about the local tax
incentive section and the EDIP reference.

To: Lepore, Kristen (ANF); Kennealy, Michael (EOHED); Povich, Lon (GOV);
Mike,
Nice job.
Steve

To: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Povich, Lon (GOV);

I am still reading but the bullets of rankings on page two - some have
periods and some dont. Please make them all consistent.

To: Lepore, Kristen (ANF); Kadish, Steven (GOV); Povich, Lon (GOV);
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762



Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

timing.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

Kadish, Steven (GOV); Povich, Lon (GOV)
Polito, Karyn (GOV); Buckley, Timothy (GOV); Conroy, Jim (GOV)
RE: Following up
My understanding is that there have been multiple conversations going on.

I have forwarded to Robert Kraft, for example, our pitch to them. This
has been helpful and is providing both positive reinforcement to our pitch
and good feedback (which has largely been consistent from the numerous
sources we have been hearing from).
At this point, it would appear that the outstanding question is the direct
value of the package we are offering.
________________________________________
Sent: Sunday, December 06, 2015 1:15 PM
To: Povich, Lon (GOV); Ash, Jay (EOHED)
Cc:
; Polito, Karyn (GOV); Buckley, Timothy (GOV); Conroy, Jim (GOV)
Subject: Re: Following up
Tom Glynn also had some good ideas on this.
Looping in Sec Ash.
Sent from my iPhone
On Dec 6, 2015, at 12:05 PM, Povich, Lon (GOV)
<lon.povich@MassMail.State.MA.US<mailto:lon.povich@MassMail.State.MA.US>>
wrote:
Lon
Lon F. Povich
Governors Chief Legal Counsel
Boston, MA 02133
(617) 725-4082
To:
Polito, Karyn (GOV); Buckley, Timothy (GOV); Conroy, Jim (GOV);
Povich, Lon (GOV)
Subject: Fwd: Following up
We are very much still working this hard.
Conversations with multiple parties yesterday express strong interest in
Boston.
Visit expected this coming Wednesday.
Jeff Immelt may be looking to meet with the Governor then.
Sent from my iPhone

ate.MA.US>>
<steven.kadish@MassMail.State.MA.US<mailto:steven.kadish@MassMail.State.MA
.US>>, "Lepore, Kristen (ANF)"
<kristen.lepore@MassMail.State.MA.US<mailto:kristen.lepore@MassMail.State.
MA.US>>, "Ash, Jay (EOHED)"
<jay.ash@MassMail.State.MA.US<mailto:jay.ash@MassMail.State.MA.US>>,
<Jennifer.F.Sullivan@MassMail.State.MA.US<mailto:Jennifer.F.Sullivan@MassM
ail.State.MA.US>>
Subject: RE: Following up
Steve,
- City signed off on materials; sent to Plum last night and forwarded to
our smaller working group as you saw.
- Materials just sent to larger group.
- There is a call today at 4:30pm for the working group formed on I-Cubed
and MassWorks deliverables - I will forward you what I sent to the working
group.
- Re: other lines up business - MOBD working on a document, speaking with
MLSC today, and City has been in touch re: Connect and will send over
thoughts.
Mike
________________________________________
To: Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Ash, Jay (EOHED);
Subject: Following up
Mike:
Can you please provide us an update on the materials sent yesterday
(please send to the larger group and I hope that the City signed off?)
and the profess on the 3 deliverables we discussed:
1. MassWorks, ICubed examples, including specifics on what the $ was
invested in
2. Work-up examples on 2-3 proposed sites in the Seaport using all of our
ideas, including how the lease terms could work
3. How to use all of our tools for the location of their energy group
Connect, and for all of their existing sites.
Is there a call today, and/or tomorrow?!
Thx.
Steve
Sent from my iPhone
From:
To:
Subject:
Date:

John Barros
RE: FW: Call w/Boston
Friday, December 04, 2015 11:15:00 AM
3pm?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
-----Original Message----From: John Barros [mailto:john.barros@boston.gov]
Subject: Re: FW: Call w/Boston
I can make something work after 2:30pm is you wanted to suggest something.
On Fri, Dec 4, 2015 at 10:08 AM, Kennealy, Michael (SEA)
> John, Im good this afternoon and would like to do the call then if
> possible what do you think?
>
>
>
> Mike Kennealy
>
> Assistant Secretary for Business Growth
>
> The Commonwealth of Massachusetts
>
> Executive Office of Housing & Economic Development
>
> One Ashburton Place, Room 2101
>
> Boston, MA 02108
>
> Office: 617-788-3640
>
> Cell: 617-634-4762
>
> michael.kennealy@state.ma.us
>
>
>
> From: Eisenstadt, Amy (GE, Corporate) [mailto:amy.eisenstadt@ge.com]
> To: Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>;
> john.barros@boston.gov
> Cc: Roberti, Scott (GE, Corporate) <Scott.Roberti@ge.com>; Mcgaugh,
> James (GE Corporate) <james.mcgaugh@ge.com>
> Subject: FW: Call w/Boston
>
>
>
> Mike/John
>
>
>
> Scott forwarded your request to me since your proposal falls within my
> area, although like you and John, we are a team (plus McGaugh, of course).
>
>
>
> It looks like Scott, Jim and I are available between 12 4 this
> afternoon or from 10:30 11:30 and 1:30 3 on Monday, if any of
> those times work for you.
>
>
>
> Amy Eisenstadt
>
> State Tax Counsel
>
> General Electric Company
>
>
>
>
>
>
(cell)
>
>
>
> From: Roberti, Scott (GE, Corporate)
> To: Eisenstadt, Amy (GE, Corporate)
> Subject: FW: Call w/Boston
>
>
>
>
>
>
>
> Scott G. Roberti
>
> Director, State Tax Policy
>
>
> 3135 Easton Turnpike
>
> Fairfield, CT 06828
>
> T (203) 373-3413; F (203) 373-2450

>
> scott.roberti@ge.com
>
>
>
> From: Kennealy, Michael (SEA) [mailto:michael.kennealy@state.ma.us]
> Sent: Thursday, December 03, 2015 12:54 PM
> To: Roberti, Scott (GE, Corporate)
> Cc: john. barros
> Subject: Call w/Boston
>
>
>
> Hi Scott,
>
>
>
> I hope you are well. I wanted to see if you might have some time
> today or tomorrow to speak with John and me we would welcome an
> opportunity to hear your thoughts, answer any questions, and reiterate
> our strong interest in the project.
>
>
>
> We will do our best to work around your schedule if you could suggest
> a few times.
>
>
>
> Hope we can connect soon.
>
>
>
> All the best,
>
> Mike
>
>
>
>
>
> Mike Kennealy
>
>
>
>
>
> Boston, MA 02108
>
> Office: 617-788-3640
>
> Cell: 617-634-4762
>
>
>
-John Barros
6th Floor, Room 603
t: 617-635-5729
From:
To:
Cc:
Daniel Koh
Ash, Jay (EOHED); Kennealy, Michael (EOHED); john.barros@boston.gov; Lepore, Kristen (ANF); Sullivan,
Jennifer F. (ANF); Tom Glynn; Morse, Elizabeth; Pollack, Stephanie (DOT); Garrity, Rob (DOT); Cowan, Mo
Re: FW: GE MOU
Thursday, January 21, 2016 4:36:43 PM
Subject:
Date:
thank you
On Thu, Jan 21, 2016 at 4:19 PM, Kadish, Steven (GOV)
<steven.kadish@massmail.state.ma.us> wrote:
FYI.
This was provided to the media as noted below.
Lets be sure that we all have and share the relevant documents.
From: Pitman, William (GOV)

Sent: Thursday, January 21, 2016 6:51 AM
To: Kadish, Steven (GOV); Zarrella, Lily (GOV)
Cc: Buckley, Timothy (GOV); Guyton, Elizabeth (GOV)
Subject: Fwd: GE MOU
This is the email that went to reporters -- items attached.

Billy Pitman
@wfpitman
From: "Pitman, William (GOV)" <william.pitman@MassMail.State.MA.US>
To: "Pitman, William (GOV)" <william.pitman@MassMail.State.MA.US>
Subject: GE MOU
All -
On Background:
Attached is the State and Citys MOU with GE as well as a background

document providing further explanation on certain sections. This document is
for background purposes only, attributable to state and city officials.
------------------------------Billy Pitman
Deputy Communications Director
Office of Governor Charlie Baker
o: (617) 725-4025 ext. 35207
c: (617) 483-3393
william.pitman@state.ma.us
-Daniel Arrigg Koh

Chief of Staff
City of Boston
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

Povich, Lon (GOV); Kadish, Steven (GOV)
Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF)
RE: GE Letter
Got it, will fully incorporate.

________________________________________
To: Ash, Jay (EOHED); Kadish, Steven (GOV)
Cc: Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF)
Subject: Re: GE Letter
Further revised intro:
________________________________________
To: Ash, Jay (EOHED); Kadish, Steven (GOV)
Cc: Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Povich, Lon (GOV); Frazier, Ricks (EOHED); Sullivan,
Jennifer F. (ANF)
Subject: RE: GE Letter
with salutation
________________________________________
Jennifer F. (ANF)
Subject: RE: GE Memo 2 amended
With
incorporated. I'll dig up the salutation structure now.
Love (whops, too gushy)

Somewhat sincerely,
Jay
________________________________________
Jennifer F. (ANF)
Subject: Re: GE Memo 2
Jay,
Please use a more matter of fact tone. It is a little too gushy.
I do like Mike's suggestion about describing what we have done--gathered our legal and financial teams, etc.
I would not use the term 'lease concessions', as we do not know what is accurate, but the language that Massport has
signed off on in the chart.
I would phrase the purchase of existing private property/building, or property swaps as a legal/technical challenge
that we believe would require more time to determine how to possibly overcome.
Please use the same structure of the salutation of the memo that Mike has been using.
Another draft?!
Thx.
Steve
Sent from my iPhone

> On Dec 13, 2015, at 5:01 PM, Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US> wrote:
>
> Got it - thx
> ________________________________________
> Sent: Sunday, December 13, 2015 4:56 PM
> To: Ash, Jay (EOHED); Kadish, Steven (GOV); Lepore, Kristen (ANF); Povich, Lon (GOV); Frazier, Ricks
(EOHED)
> Cc: Sullivan, Jennifer F. (ANF)
> Subject: RE: GE Memo 2
>
> Jay, I think this looks great - just a couple of thoughts:
>
> - Typo with "timelessness of your occupancy"; should be "timeliness"?
>
> - Maybe a bit more color on what we did over the last 48 hours - extensive discussions between City and State,
exhausted all alternatives with quasis (Massport, MassDevelopment, BRA), thorough evaluation of bond cap issues,
thorough examination of statutes, etc. Those aren't the right words, but I think it would be great if they concluded
that we did a ton of homework (and we did) on this because (a) it shows respect for their request and strong interest
in the project and (b) at the end of the day it really demonstrates that the Massport parcels are the best options for
them.
>
> Mike
>
> ________________________________________
> From: Ash, Jay (SEA) [jay.ash@massmail.state.ma.us]
> To: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Lepore, Kristen (ANF); Povich, Lon (GOV); Frazier,
Ricks (EOHED)
> Subject: FW: GE Memo 2
>
> Second time with proper email - no change to memo
> ________________________________________
>
> Feedback? Thought I should include a summary of the benefits, but could easily take it out.
>
> Memo would be accompanied by just 3 options - the two involving Massport acquiring public land were
eliminated as you can see in the memo.
>
> Comments by 5 please.
>
> Thx
>
> Jay
From:
To:
Cc:
Subject:
Date:
Povich, Lon (GOV)

Ash, Jay (EOHED); Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Frazier, Ricks (EOHED); Sullivan, Jennifer
F. (ANF)
Re: GE Letter
I love working with you guys!

________________________________________
Cc: Ash, Jay (EOHED); Kennealy, Michael (EOHED); Lepore, Kristen (ANF);
Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF)
Subject: Re: GE Letter
I like both what Jay and Lon have done.
Are we sure about energy $ in the way it is described in the cover letter?
Please share with John Barros and get his sign off before sending.
Sec Ash -- all your from here!!!!
With so much deep affection and aporeciatyon
Steve
Sent from my iPhone
> On Dec 13, 2015, at 6:21 PM, Povich, Lon (GOV)
> <lon.povich@MassMail.State.MA.US> wrote:
>
> Further revised intro:
>
>
>
>
>
> ________________________________________
> From: Ash, Jay (EOHED)
> To: Ash, Jay (EOHED); Kadish, Steven (GOV)
> Cc: Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Povich, Lon (GOV);
> Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF)
> Subject: RE: GE Letter
>
> with salutation
> ________________________________________
> From: Ash, Jay (EOHED)
> Subject: RE: GE Memo 2 amended
>
> With
incorporated. I'll dig up the salutation
> structure now.
>
> Love (whops, too gushy)
>
> Somewhat sincerely,
>
> Jay
> ________________________________________
> From: Kadish, Steven (GOV)
> To: Ash, Jay (EOHED)
> Subject: Re: GE Memo 2
>
> Jay,
>
> Please use a more matter of fact tone. It is a little too gushy.
>
> I do like Mike's suggestion about describing what we have done--gathered
> our legal and financial teams, etc.
>
> I would not use the term 'lease concessions', as we do not know what is
> accurate, but the language that Massport has signed off on in the chart.
>
> I would phrase the purchase of existing private property/building, or
> property swaps as a legal/technical challenge that we believe would
> require more time to determine how to possibly overcome.
>
> Please use the same structure of the salutation of the memo that Mike has
> been using.
>
> Another draft?!
>
> Thx.
> Steve
>
>
>
>> On Dec 13, 2015, at 5:01 PM, Ash, Jay (EOHED)
>> <jay.ash@MassMail.State.MA.US> wrote:
>>
>> Got it - thx
>> ________________________________________
>> Sent: Sunday, December 13, 2015 4:56 PM
>> To: Ash, Jay (EOHED); Kadish, Steven (GOV); Lepore, Kristen (ANF);
>> Povich, Lon (GOV); Frazier, Ricks (EOHED)
>> Cc: Sullivan, Jennifer F. (ANF)
>> Subject: RE: GE Memo 2
>>
>> Jay, I think this looks great - just a couple of thoughts:
>>
>> - Typo with "timelessness of your occupancy"; should be "timeliness"?
>>
>> - Maybe a bit more color on what we did over the last 48 hours >> extensive discussions between City and State, exhausted all alternatives
>> with quasis (Massport, MassDevelopment, BRA), thorough evaluation of bond
>> cap issues, thorough examination of statutes, etc. Those aren't the
>> right words, but I think it would be great if they concluded that we did
>> a ton of homework (and we did) on this because (a) it shows respect for
>> their request and strong interest in the project and (b) at the end of
>> the day it really demonstrates that the Massport parcels are the best
>> options for them.
>>
>> Mike
>>
>> ________________________________________
>> From: Ash, Jay (SEA) [jay.ash@massmail.state.ma.us]
>> Sent: Sunday, December 13, 2015 4:24 PM
>> To: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Lepore, Kristen
>> (ANF); Povich, Lon (GOV); Frazier, Ricks (EOHED)
>> Cc: Sullivan, Jennifer F. (ANF)
>> Subject: FW: GE Memo 2
>>
>> Second time with proper email - no change to memo
>> ________________________________________
>>
>> Feedback? Thought I should include a summary of the benefits, but could
>> easily take it out.
>>
>> Memo would be accompanied by just 3 options - the two involving Massport
>> acquiring public land were eliminated as you can see in the memo.
>>
>> Comments by 5 please.
>>
>> Thx
>>
>> Jay
From:
To:
Cc:
Subject:
Date:
Attachments:
Ash, Jay (EOHED)

Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Povich, Lon (GOV); Frazier, Ricks (EOHED); Sullivan, Jennifer
F. (ANF)
RE: GE Memo 2 amended
GE Memo 12.13 - 2.docx
With
incorporated. I'll dig up the salutation structure now.
Love (whops, too gushy)

Somewhat sincerely,
Jay
________________________________________
Jennifer F. (ANF)
Subject: Re: GE Memo 2
Jay,
Please use a more matter of fact tone. It is a little too gushy.
I do like Mike's suggestion about describing what we have done--gathered our legal and financial teams, etc.
I would not use the term 'lease concessions', as we do not know what is accurate, but the language that Massport has
signed off on in the chart.
I would phrase the purchase of existing private property/building, or property swaps as a legal/technical challenge
that we believe would require more time to determine how to possibly overcome.
Please use the same structure of the salutation of the memo that Mike has been using.
Another draft?!
Thx.
Steve
Sent from my iPhone

> On Dec 13, 2015, at 5:01 PM, Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US> wrote:
>
> Got it - thx
> ________________________________________
> To: Ash, Jay (EOHED); Kadish, Steven (GOV); Lepore, Kristen (ANF); Povich, Lon (GOV); Frazier, Ricks
(EOHED)
> Subject: RE: GE Memo 2
>
> Jay, I think this looks great - just a couple of thoughts:

>
> - Typo with "timelessness of your occupancy"; should be "timeliness"?
>
> - Maybe a bit more color on what we did over the last 48 hours - extensive discussions between City and State,
exhausted all alternatives with quasis (Massport, MassDevelopment, BRA), thorough evaluation of bond cap issues,
thorough examination of statutes, etc. Those aren't the right words, but I think it would be great if they concluded
that we did a ton of homework (and we did) on this because (a) it shows respect for their request and strong interest
in the project and (b) at the end of the day it really demonstrates that the Massport parcels are the best options for
them.
>
> Mike
>
> ________________________________________
> From: Ash, Jay (SEA) [jay.ash@massmail.state.ma.us]
> To: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Lepore, Kristen (ANF); Povich, Lon (GOV); Frazier,
Ricks (EOHED)
> Subject: FW: GE Memo 2
>
> Second time with proper email - no change to memo
> ________________________________________
>
> Feedback? Thought I should include a summary of the benefits, but could easily take it out.
>
> Memo would be accompanied by just 3 options - the two involving Massport acquiring public land were
eliminated as you can see in the memo.
>
>
> Thx
>
> Jay
MEMORANDUM
TO:
GE Team
FROM: Secretary Jay Ash, Executive Office of Housing & Economic Development
DATE: December 13, 2015
RE:
Project Update and Grid
Thank you for continuing our discussion about the exciting possibilities that the City of Bostons
Innovation District provides for locating your headquarters. Our public partners, including the
Governor of Massachusetts, the Mayor of Boston and their teams, as well as our quasi-public
partners including Massport, continue to examine the range of ways we may best support your
move to the Seaport District.
As I hope you can continue to sense, we are excited about the possibilities and, therefore,
continue to refine our best thinking to provide additional clarity so you may best complete your
own review. In particular, we have spent considerable time over the past forty-eight hours in
extensive discussions between the public partners and their legal and financial teams, have
considered and exhausted extensive alternatives, examined options allow through statutes and
even consulted with bond counsel on potential sources of public supports. We started with five
potential scenarios you suggested on Friday. Three options are developed in the attached
Options Grid, while the discussion on two others has ended without inclusion in the grid. In
these two cases, involving the public acquisition of a building or land that is currently privately
owned, our combined efforts have not been able to identify a path for a city or state entity to
overcome the identify legal/technical challenges to do so. While we are willing to explore any
additional ideas you may have regarding those possibilities, a clear path for those options does
not exist presently and, therefore, we cannot model it for timeliness of your occupancy and
overall cost. Regarding the three fully developed options attached, you will see that Option A,
the public option, provides for the maximization of public incentives and, we believe, certainty
of time. In each of the three scenarios, we are presenting to you the likely direct benefits for
the property development; all other previous made pledges, i.e. a $1 million workforce training
grant, remain intact. In Option A, I would also note we believe additional benefits are
achievable in negotiation with Massport once the many variables of the project are known.
Again, Massport remains committed to working with you on favorable lease terms over and
above those that accrue as a result of the $120 million initial lease support.
In order to provide additional perspective on Option A, I am also attaching a general description
of the neighborhood, as well as renderings which you may already have.
In short, Option A, the public option, provides for:
$120 million in direct lease supports;

Additional lease value opportunities;
Up to $20 million or more of City property tax relief;
$25 million in State offsite infrastructure and/or public transit improvements;
Maximum State energy efficiency contributions, to be determined in conjunction with
project design, and
Adjacent public parking availability, thereby reducing the need for on-site parking
constructions and its related cost to the project.
Option B, the existing building option, provides for:
Up to $40 million in employment tax benefits, in the place of the $120 million in Option
A public lease supports which are not available for private projects;
No additional publicly supported lease value opportunities;
A City property tax level which is based only on the improvements then made to the
existing building, thus likely resulting in a significantly reduced benefit;
Up to $25 million in State support infrastructure, although an existing building may not
be able to maximize this benefit;
As much State energy efficiency funding as is available and possible for an existing
building, based upon an energy audit, and
The possibility of making additional parking available should the building be proximate
to the garage Massport is building or if another location can be permitted for another
public parking garage.
Option C, the build on a private property option, provides for:
Up to $40 million in employment tax benefits, in the place of the $120 million in Option
A public lease supports which are not available for private projects;
No additional publicly supported lease value opportunities;
Up to $20 million or more of City property tax relief, as the new construction of the
building will create ample new property tax to then be relieved;
$25 million in State offsite infrastructure and/or public transit improvements, which
could include bringing public utilities to the site and building-out the public sidewalks
around the building;
Maximum State energy efficiency contributions, to be determined in conjunction with
project design, and
The possibility of making additional parking available should the property be proximate
to the garage Massport is building or if another location can be permitted for another
public parking garage.
All members of our team remain available to discuss these matters with you in greater detail.
We look forward to continuing to work with you on this project and the additional aspects of
your companys interest in Massachusetts.
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

RE: GE Memo 2
thx!
________________________________________
Subject: RE: GE Memo 2
-----Original Message----From: Ash, Jay (SEA) [mailto:jay.ash@massmail.state.ma.us]

To: Kennealy, Michael (EOHED); Kadish, Steven (GOV); Lepore, Kristen
(ANF); Povich, Lon (GOV); Frazier, Ricks (EOHED)
Cc: Sullivan, Jennifer F. (ANF)
Subject: FW: GE Memo 2
Second time with proper email - no change to memo
________________________________________
Feedback? Thought I should include a summary of the benefits, but could
easily take it out.
Memo would be accompanied by just 3 options - the two involving Massport
acquiring public land were eliminated as you can see in the memo.
Comments by 5 please.
Thx
Jay
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

Povich, Lon (GOV); Kadish, Steven (GOV)
Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); ricks.fraser@state.ma.us
RE: GE Memo
Great thx!
________________________________________
To: Kadish, Steven (GOV); Ash, Jay (EOHED)
Cc: Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer
F. (ANF); ricks.fraser@state.ma.us
Subject: Re: GE Memo
Lon
________________________________________
From: Kadish, Steven (GOV) <steven.kadish@massmail.state.ma.us>
Cc: Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer
F. (ANF); Povich, Lon (GOV); ricks.fraser@state.ma.us
Subject: Re: GE Memo
Just reading now!
Will be back to you shortly.
Sent from my iPhone
> On Dec 13, 2015, at 4:23 PM, Ash, Jay (EOHED)
>
> Feedback? Thought I should include a summary of the benefits, but could
easily take it out.
>
> Memo would be accompanied by just 3 options - the two involving Massport
acquiring public land were eliminated as you can see in the memo.
>
>
> Thx
>
> Jay
> <GE Memo 12.13.docx>
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

Daniel Koh; Sullivan, Jennifer F. (ANF)
Kadish, Steven (GOV); Ash, Jay (EOHED); Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Lepore, Kristen
(ANF); Tom Glynn; Elizabeth Morse; jdoolin; John Barros; Povich, Lon (GOV)
RE: GE press release
Ditto, and more to come!
-------- Original message -------From: Daniel Koh <daniel.koh@boston.gov>

Date: 01/13/2016 3:04 PM (GMT-05:00)
To: "Sullivan, Jennifer F. (ANF)" <Jennifer.F.Sullivan@MassMail.State.MA.US>
Cc: "Kadish, Steven (GOV)" <steven.kadish@MassMail.State.MA.US>, "Ash, Jay
(EOHED)" <jay.ash@MassMail.State.MA.US>, "Kennealy, Michael (EOHED)"
<Michael.kennealy@MassMail.State.MA.US>, "Frazier, Ricks (EOHED)"
<ricks.frazier@MassMail.State.MA.US>, "Lepore, Kristen (ANF)"
<kristen.lepore@MassMail.State.MA.US>, Tom Glynn <tglynn@massport.com>, Elizabeth
Morse <EMorse@massport.com>, jdoolin <jdoolin@massport.com>, John Barros
<john.barros@boston.gov>, "Povich, Lon (GOV)" <lon.povich@MassMail.State.MA.US>
Subject: Re: GE press release
It's been an honor working with all of you. Truly. Much, much more to come.
On Wed, Jan 13, 2016 at 3:00 PM, Sullivan, Jennifer F. (ANF)
<Jennifer.F.Sullivan@massmail.state.ma.us> wrote:
Congratulations and thanks for your leadership. It has been a privilege to work with this
team.
Best,
Jennifer

Sent: Wednesday, January 13, 2016 2:01 PM
To: Ash, Jay (EOHED); Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Lepore, Kristen (ANF);
Sullivan, Jennifer F. (ANF); Tom Glynn; Elizabeth Morse; jdoolin; John Barros; Povich, Lon (GOV)
Cc: Daniel Koh
Subject: GE press release

Colleagues!

Nice work team!
Best,
Steve and Dan
Cc: "Latour, Deirdre A (GE, Corporate)" <deirdre.latour@ge.com>
Seth Martin
GE
646-682-5602
203-572-3567 (mobile)
seth.martin@ge.com
-Daniel Arrigg Koh
Chief of Staff
City of Boston
From:
To:
Cc:
Subject:
Date:

Ash, Jay (EOHED); Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF); Tom Glynn;
Elizabeth Morse; jdoolin; John Barros; Povich, Lon (GOV); Daniel Koh
Re: GE press release
Great work everyone.

Sent from my iPhone
On Jan 13, 2016, at 2:00 PM, Kadish, Steven (GOV)
Colleagues!
Nice work team!
Best,
Steve and Dan
From: "Martin, Seth (GE Corporate)"
<seth.martin@ge.com>
<deirdre.latour@ge.com>
Seth Martin
GE
646-682-5602
203-572-3567 (mobile)
seth.martin@ge.com
<Press Release_GE moves HQ to Boston.docx>
From:
To:

Daniel Koh
Cc:
Subject:
Date:
Congratulations and thanks for your leadership. It has been a privilege to work with this team.
Best,
Jennifer

Cc: Daniel Koh
Colleagues!

Nice work team!
Best,
Steve and Dan

Seth Martin
GE
646-682-5602
203-572-3567 (mobile)
seth.martin@ge.com
From:
To:
Cc:
Subject:
Date:
John Barros
Ash, Jay (EOHED)
Daniel Koh; Sullivan, Jennifer F. (ANF); Kadish, Steven (GOV); Ash, Jay (EOHED); Kennealy, Michael (EOHED);
Frazier, Ricks (EOHED); Lepore, Kristen (ANF); Tom Glynn; Elizabeth Morse; jdoolin; Povich, Lon (GOV)
Congrats to the team!

On Wed, Jan 13, 2016 at 9:05 PM, Ash, Jay (EOHED) <jay.ash@massmail.state.ma.us>
wrote:
Ditto, and more to come!
-------- Original message -------From: Daniel Koh <daniel.koh@boston.gov>

Date: 01/13/2016 3:04 PM (GMT-05:00)
To: "Sullivan, Jennifer F. (ANF)" <Jennifer.F.Sullivan@MassMail.State.MA.US>
Cc: "Kadish, Steven (GOV)" <steven.kadish@MassMail.State.MA.US>, "Ash, Jay
(EOHED)" <jay.ash@MassMail.State.MA.US>, "Kennealy, Michael (EOHED)"
<Michael.kennealy@MassMail.State.MA.US>, "Frazier, Ricks (EOHED)"
<ricks.frazier@MassMail.State.MA.US>, "Lepore, Kristen (ANF)"
<kristen.lepore@MassMail.State.MA.US>, Tom Glynn <tglynn@massport.com>,
Elizabeth Morse <EMorse@massport.com>, jdoolin <jdoolin@massport.com>, John
Barros <john.barros@boston.gov>, "Povich, Lon (GOV)"
<lon.povich@MassMail.State.MA.US>
team.
Best,
Jennifer

Cc: Daniel Koh
Colleagues!

Nice work team!
Best,
Steve and Dan
Seth Martin
GE
646-682-5602
203-572-3567 (mobile)
seth.martin@ge.com
-Daniel Arrigg Koh

Chief of Staff
City of Boston
-John Barros
6th Floor, Room 603
t: 617-635-5729
From:
To:
Cc:
Subject:
Date:
Daniel Koh
team.
Best,
Jennifer

Cc: Daniel Koh
Colleagues!

Nice work team!
Best,
Steve and Dan
Seth Martin
GE
646-682-5602
203-572-3567 (mobile)
seth.martin@ge.com
-Daniel Arrigg Koh

Chief of Staff
City of Boston
From:
To:
Cc:
Povich, Lon (GOV)

Kennealy, Michael (EOHED); Lepore, Kristen (ANF)
Kadish, Steven (GOV); Ash, Jay (EOHED); Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF); Tom Glynn;
Elizabeth Morse; jdoolin; John Barros; Daniel Koh
Subject:
Date:
Great team! Great work! Great win!
Thanks to all.
Lon
Lon F. Povich
Boston, MA 02133
(617) 725-4082

Sent: Thursday, January 14, 2016 6:44 AM
Cc: Kadish, Steven (GOV); Ash, Jay (EOHED); Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF); Tom
Glynn; Elizabeth Morse; jdoolin; John Barros; Povich, Lon (GOV); Daniel Koh
Fantastic teamwork! Great working with all of you.

Mike Kennealy
On Jan 13, 2016, at 10:49 PM, Lepore, Kristen (ANF) <kristen.lepore@MassMail.State.MA.US>

wrote:
Sent from my iPhone
Colleagues!

Nice work team!
Best,
Steve and Dan
Seth Martin
GE
646-682-5602
203-572-3567 (mobile)
seth.martin@ge.com
From:
To:
Cc:

Kadish, Steven (GOV); Ash, Jay (EOHED); Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF); Tom Glynn;
Elizabeth Morse; jdoolin; John Barros; Povich, Lon (GOV); Daniel Koh
Subject:
Date:
Fantastic teamwork! Great working with all of you.

Mike Kennealy
On Jan 13, 2016, at 10:49 PM, Lepore, Kristen (ANF)
Sent from my iPhone
Colleagues!
Nice work team!
Best,
Steve and Dan
Seth Martin
GE
646-682-5602
203-572-3567 (mobile)
seth.martin@ge.com
From:
To:
Cc:
Subject:
Date:

Ash, Jay (EOHED)
RE: GE visit?
Tuesday, July 28, 2015 8:34:28 AM
An update on Wed would be good!

Daily meeting works.
Thank you.

Cc:
Subject: RE: GE visit?
I'll send along the deck we are using. I'm in Minnesota today. GE is Thursday. Just intro
meeting.. Happy to provide recap and talk about next sreps at cabinet on Friday, unless you
feel like he should hear something on Wed. I will be at Wed daily meeting.
-------- Original message -------From: "Kadish, Steven (GOV)" <steven.kadish@MassMail.State.MA.US>

Date: 07/28/2015 6:52 AM (GMT-05:00)
Cc: GOV E-mail
Subject: GE visit?
Sec Ash,
I understand from Sec Lepore that you have a visit with GE coming up.
Should we do a preview with the Governor?
Best,
Steve
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

RE: GE visit?
Tuesday, July 28, 2015 8:40:42 AM
Ok

Date: 07/28/2015 8:34 AM (GMT-05:00)
Cc:
An update on Wed would be good!
Daily meeting works.
Thank you.

Cc:
I'll send along the deck we are using. I'm in Minnesota today. GE is Thursday. Just intro
meeting.. Happy to provide recap and talk about next sreps at cabinet on Friday, unless you
feel like he should hear something on Wed. I will be at Wed daily meeting.

Date: 07/28/2015 6:52 AM (GMT-05:00)
Cc:
Subject: GE visit?
Sec Ash,
I understand from Sec Lepore that you have a visit with GE coming up.
Should we do a preview with the Governor?
Best,
Steve
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

; Ash, Jay (EOHED)
Lepore, Kristen (ANF); Povich, Lon (GOV); Polito, Karyn (GOV); Conroy, Jim (GOV); steven.kadish@state.ma.us;
RE: GE
Correct. We're talking on Monday about the programs we have available and what they may
or may not derire.
-------- Original message -------From:

Date: 11/15/2015 2:53 PM (GMT-05:00)
Cc: "Lepore, Kristen (ANF)" <kristen.lepore@MassMail.State.MA.US>, "Povich, Lon
(GOV)" <lon.povich@MassMail.State.MA.US>, "Polito, Karyn (GOV)"
<karyn.polito@MassMail.State.MA.US>, "Conroy, Jim (GOV)"
<jim.conroy@MassMail.State.MA.US>, steven.kadish@state.ma.us, "Buckley, Timothy
(GOV)" <timothy.buckley@MassMail.State.MA.US>
Subject: Re: GE
We won't offer anything to GE that we don't process internally first. Too big and too
important.
Sent from my iPhone
On Nov 15, 2015, at 2:22 PM, Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US> wrote:
No, this is a call between Boston, Mike Kennealy and their staff about the type
and availability of incentives.
-------- Original message -------From: "Lepore, Kristen (ANF)" <kristen.lepore@MassMail.State.MA.US>

Date: 11/15/2015 1:41 PM (GMT-05:00)
Cc: "Povich, Lon (GOV)" <lon.povich@MassMail.State.MA.US>,
>, "Polito, Karyn (GOV)"
<karyn.polito@MassMail.State.MA.US>, "Conroy, Jim (GOV)"
<jim.conroy@MassMail.State.MA.US>, steven.kadish@state.ma.us, "Buckley,
Timothy (GOV)" <timothy.buckley@MassMail.State.MA.US>
Subject: Re: GE
What is the tax call about? I assume I should be in that call.
Sent from my iPhone
Thx. Good discussion with Barros of Boston yesterday. We've got a
game plan on sites, are meeting after a Monday call w the GE tax
people, and are working towards a Friday submission to them.
-------- Original message -------From: "Povich, Lon (GOV)" <lon.povich@MassMail.State.MA.US>

Date: 11/15/2015 10:22 AM (GMT-05:00)
To:
"Polito, Karyn
(GOV)" <karyn.polito@MassMail.State.MA.US>, "Ash, Jay
(EOHED)" <jay.ash@MassMail.State.MA.US>, "Conroy, Jim
(GOV)" <jim.conroy@MassMail.State.MA.US>,
steven.kadish@state.ma.us, "Buckley, Timothy (GOV)"
<timothy.buckley@MassMail.State.MA.US>, "Lepore, Kristen
Subject: GE
Lon
Sent from my iPhone
From:
To:
Subject:
Date:
Attachments:
Povich, Lon (GOV)

RE: Info to share on the Boston project?
Project Plum Dec 1 MJK2 lfp.docx
Mike
Lon F. Povich
Boston, MA 02133
(617) 725-4082

Cc: Ash, Jay (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie (DOT);
Buckley, Timothy (GOV); Conroy, Jim (GOV); Sullivan, Jennifer F. (ANF);
jdoolin; Ross, Robert (ANF); Cosco, Jonathan (EOHED); Frazier, Ricks
(EOHED)
Subject: RE: Info to share on the Boston project?
Updates/thoughts:
Letter
- Want to make sure we agree on basics of offer and presentation - 1
offer, no mention of EDIP, appendix to provide an example of I-Cubed. If
we need to discuss we should do so ASAP.
I AGREE
- Question - do we propose anything that would attempt to steer them to

one site or another?
I MADE SOME LIGHT SUGGESTIONS IN THAT DIRECTION, BUT BELIEVE THEY WANT THE
SEAPORT AND WE SHOULD SEE WHAT OPTION THEY LIKE THERE BEST
- Should we say more about how valuable parking is in Seaport?

I THINK A SENTENCE IN THAT DIRECTION IS A GOOD IDEA, and I MADE A
SUGGESTION, BUT FEEL FREE TO REWORK
Site book
- Working with City to find a way to incorporate all the great content
folks have sent on sites.
Mike Kennealy
Assistant Secretary for Business Growth The Commonwealth of Massachusetts
Office: 617-788-3640
Cell: 617-634-4762

To: Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>
Cc: Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>; Lepore, Kristen (ANF)
<kristen.lepore@MassMail.State.MA.US>; Pollack, Stephanie (DOT)
<stephanie.pollack@dot.state.ma.us>; Garrity, Rob (DOT)
<rob.garrity@dot.state.ma.us>; Povich, Lon (GOV)
<lon.povich@MassMail.State.MA.US>; Elizabeth Morse <EMorse@massport.com>;
Tom Glynn <tglynn@massport.com>; Buckley, Timothy (GOV)
<timothy.buckley@MassMail.State.MA.US>; Conroy, Jim (GOV)
<jim.conroy@MassMail.State.MA.US>; Sullivan, Jennifer F. (ANF)
<Jennifer.F.Sullivan@MassMail.State.MA.US>; jdoolin
<jdoolin@massport.com>; Ross, Robert (ANF)
<robert.ross2@MassMail.State.MA.US>; Cosco, Jonathan (EOHED)
<Jonathan.Cosco@MassMail.State.MA.US>; Frazier, Ricks (EOHED)
Next draft attached. I will follow with an email shortly with what I
believe are open items/needs and questions.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

FYI - draft still in process; will send as soon as I can but not by 1pm.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US>
I will reach out individually to folks this morning for help/input as
needed on the letter. I will send the next draft to this group by 1pm
today - I hope that will be a draft that is close to final, but that
timing will still allow for an iteration or two before close of business.
If you have specific suggestions on either the letter or site book sent
last night, please email or call me.
________________________________________
Cc: Ash, Jay (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie (DOT);
Buckley, Timothy (GOV); Conroy, Jim (GOV); Sullivan, Jennifer F. (ANF);
jdoolin; Ross, Robert (ANF); Cosco, Jonathan (EOHED); Frazier, Ricks
(EOHED)
Attached please find a draft of a revised letter. This represents edits
to a draft provided by the City earlier tonight; I would characterize this
as still very rough with items in brackets and areas where the writing
needs to be improved. After discussion tomorrow morning, the balance of
the day will be dedicated to finalizing it for submission by close of
business. For our discussion at 7am, I would suggest that we focus not on
specific wording but rather on the key decision points and structural
aspects of the letter; for example, do we:
- Want to submit what amounts to a 3rd proposal (informed by discussion
with Steve earlier tonight), with proposals 1 and 2 presented as
appendices/for reference? And if so, is this the right proposal?
- Want to include the section that "sells" the State and City?
- Like the structure (provided by the City) of "Your HQ, Your Lab, Your
Home"
We should also discuss where we can/should provide more detail - potential
uses of I-Cubed, permitting, etc. - and what those details might be.
Discussion of the next draft can focus more on specific wording.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

<lon.povich@MassMail.State.MA.US>; 'Elizabeth Morse'
<EMorse@massport.com>; Tom Glynn <tglynn@massport.com>; Buckley, Timothy
(GOV) <timothy.buckley@MassMail.State.MA.US>; Conroy, Jim (GOV)
<Jennifer.F.Sullivan@MassMail.State.MA.US>; 'jdoolin'

Quick update - the City had started a re-draft of the letter and the site
book which I thought I would have received a while ago but am still
awaiting. As soon as it comes in I will make whatever edits I see fit and
send to this group. So expect something later tonight and then we can
discuss on our call tomorrow. We do have until close of business tomorrow
to finalize.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

<lon.povich@MassMail.State.MA.US>; 'Elizabeth Morse'
<EMorse@massport.com>; Tom Glynn <tglynn@massport.com>; Buckley, Timothy
(GOV) <timothy.buckley@MassMail.State.MA.US>; Conroy, Jim (GOV)
<Jennifer.F.Sullivan@MassMail.State.MA.US>; 'jdoolin'
Attached please find the final versions of the documents sent today. Now
on to the letter.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

I would like to send my short memo and Rick's memo as soon as each is
ready - doesn't need to be together.
Please let me know ASAP if there are suggested changes to my
memo.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

Subject: Re: Info to share on the Boston project?
Mike,
Do we assume that both letters go out together?
Please circulate the final docs.
Steve
Sent from my iPhone
> On Nov 30, 2015, at 1:32 PM, Kennealy, Michael (EOHED)

>
> Steve, all,
>
> Please see the attached documents - I will email again shortly with
further thoughts/detail, and my short memo requires another read, but I
wanted to get these in folks' hands now.
>
> Mike Kennealy
> Assistant Secretary for Business Growth The Commonwealth of
> Massachusetts Executive Office of Housing & Economic Development One
> Ashburton Place, Room 2101 Boston, MA 02108
> Office: 617-788-3640
> Cell: 617-634-4762
>
>
> Sent: Monday, November 30, 2015 1:10 PM
> Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>; Lepore, Kristen (ANF)
> <kristen.lepore@MassMail.State.MA.US>; Pollack, Stephanie (DOT)
> <stephanie.pollack@dot.state.ma.us>; Garrity, Rob (DOT)
> <rob.garrity@dot.state.ma.us>; Povich, Lon (GOV)
> <lon.povich@MassMail.State.MA.US>; Elizabeth Morse
> <EMorse@massport.com>; Tom Glynn <tglynn@massport.com>; Buckley,
> Timothy (GOV) <timothy.buckley@MassMail.State.MA.US>; Conroy, Jim
> (GOV) <jim.conroy@MassMail.State.MA.US>; Sullivan, Jennifer F. (ANF)
> <Jennifer.F.Sullivan@MassMail.State.MA.US>; jdoolin
> <jdoolin@massport.com>; Tom Glynn <tglynn@massport.com>; Ross, Robert
> (ANF) <robert.ross2@MassMail.State.MA.US>; Cosco, Jonathan (EOHED)
> <Jonathan.Cosco@MassMail.State.MA.US>
> Subject: Info to share on the Boston project?
>
> Mike:
>
> Can you please circulate the letter/info we were discussing this
morning?
>
> What is the target time for the next set of information later today?
>
> Thank you,
> Steve
> <Project Plum Incentives Memo clean.docx> <Plum memo Nov 30.docx>
December 1, 2015
Ann R. Klee
Vice President
Fairfield, CT 06828
Dear Ms. Klee,
We are pleased to present a proposal that details over $100 million of financial support for your
relocation and growth in Boston.
opportunities that will

directly benefit General Electric and your employees.
We believe that no State and City can match
, your headquarters, your innovation lab, and your home.
BOSTON, MASSACHUSETTS
Our Commonwealth and City are excellent places to:
Work - Record job levels, national and international leadership in high growth sectors, a
culture of innovation and entrepreneurship, strong anchor industries, a highly functioning
ecosystem, and ample connections to the world.
Live - Prospering communities, #1 in K-12 public education, top private high schools and
universities, world class health care, and great culture.
Play - Museums, theatres, history, sports, concerts, beaches, shopping, restaurants, hiking
trails, and festivals.
Massachusetts has the

concentration of institutions of higher education in the
United States - 140 colleges and universities, 55 within Greater Boston and the combination of
education, research and development, and technology transfers drives a vibrant culture of
innovation and entrepreneurship. Currently, among the states, Massachusetts ranks:
#1 on the Milken Institute State Technology and Science Index.

#1 in R&D spending as a percentage of GDP and per capita.
#1 in federal expenditures for academic and non-profit R&D
#1 in funding from the National Institute of Health as percentage of GDP
#1 in life sciences employment per capita
#1 in percentage of workforce in science and engineering occupations
#1 in technology transfers
#2 in venture capital under management.
#2 in technology patents per capita.
#2 in pre-market biopharmaceutical notifications.
#2 highest growth rate in defense manufacturing and instrumentation
#2 largest medical device industry of any state
Massachusetts is a highly educated state, and we pride ourselves on a world class education
system from kindergarten through higher education. Half of all Nobel Prize winners in the
United States were educated in Massachusetts, our 8th graders rank #2 in the world in science
achievement and, among the states, Massachusetts ranks:
#1 in K-12 achievement by Education Week.

#1 in percentage of adults with bachelors degrees at 38.2%.
#1 percentage of over 25 population with advanced degrees at 16.8%, 19% in Boston.
#1 in 4th grade math and reading
#1 in 8th grade math
#1 in 8th grade reading
#2 in 4th grade writing scores.
Moreover, the Commonwealth is a great place to do business. Our tax structure is competitive;
our public sector economic development groups are proactive; and our business community is
represented by exceptional and complementary financial services, technology, life sciences and
professional services firms. Our businesses and all of our citizens benefit from political and
fiscal stability, with leaders committed to bipartisanship,
from across the political spectrum and
engages in regular, open dialogue with legislative and municipal leaders. At the state level, we
closed a combined $2.5 billion FY15 and FY16 budget deficit without raising taxes, and we are
undertaking a comprehensive review of all Executive Department regulations to be completed

by March 31, 2016 with the goal of making it easier to conduct business in Massachusetts.
In Massachusetts, leaders from business, higher education, philanthropy, non-profits, and state
and local government work together to advance individual and common aspirations, including
prosperity, innovation, a great quality of life, and meaningful impacts on our country and the
world. We invite you to join us.
YOUR HEADQUARTERS
Financial Support: Drawing on ideas shared with you previously,
proposal that we believe maximizes the
value we can provide. The key components of this new proposal are:
I-Cubed plus MassWorks funding
Local property tax incentive
Innovation Center
Workforce training
Total
$80 million
$20 million
$5 million
$1 million
$106 million
I-Cubed and MassWorks: We propose a combined total of $80 million from the States
Infrastructure Investment Incentive (I-Cubed) and MassWorks programs and are prepared to
commit up to $50 million from either. Combined, the programs can provide funds for economic
development projects that require major public infrastructure investments; they can fund a
variety of commercial infrastructure developments and improvements and various capital
investment projects as well as assist municipalities to advance projects that support job creation
and expansion. We are prepared to discuss a variety of opportunities for the use of these funds
including a parking facility (Appendix 1 to this letter provides an example) or helipad, and we will
structure any program to provide security and convenience for GE as well as a public benefit.
Local property tax incentive: The City offers several property tax incentive programs to help
enable the development of a space suitable for GE. The programs most likely to be employed
include payment in lieu of tax programs under Chapters 121A and 121B or Tax Increment
Financing (TIF) under the EDIP (Economic Development Incentive Program)
program.
For example, two of the sites under consideration already have a Chapter 121A structure in
place. Other sites located on public land lend themselves to a Chapter 121B based
incentive. If neither of these options is available, a TIF can be employed provided that there is
new development that can provide a significant tax increment to be discounted.
be driven by the site you

select. Given the employment levels and sites under consideration, the City anticipates that it
will be able to offer up to $20 million in property tax incentives.
Workforce Training Fund: The State will provide $1 million in employee training funds, the
maximum award allowed per company.
Proposed Available Sites: In addition to lowering the cost to move, we have identified sites
that we believe could be excellent
The accompanying booklet details the following sites, each
representing a shared opportunity to innovate and grow your business:
Site Selection & Permitting Support: To review and make your transition to any of these
buildings easier, the State and the City will appoint a Permitting Ombudsman to assist with any
site selection and permitting needs. The Permitting Ombudsman will work directly with the
Project Plum State-City Joint Task Force to support all project development needs.
YOUR INNOVATION CENTER
The Center: As GE joins Bostons innovation ecosystem, we propose an exciting partnership to
launch an Innovation Center in Downtown Boston to showcase your technology, especially
healthcare and digital hardware technology. The proposed Life Sciences Innovation Center
would be in partnership with GE, the City of Boston, MassChallenge, and the Massachusetts
Life Sciences Center (MLSC). As part of this partnership, MassChallenge would operate the
Center and MLSC would support up to $5 million to build-out the facility.
The proposed Life Sciences Innovation Center
be hosted at 26 Court Street, a
municipally-owned building in close proximity to Government Center and Faneuil Hall, one of
the top tourist attractions in the country. In collaboration with Mass Challenge - the worlds
largest startup - and with up to $5 million in support from MLSC, your engineers will join the
doctors, researchers, and entrepreneurs of our region to test the latest equipment and methods
in pursuit of solving the worlds hardest health problems.
University and Research Partnerships: The Boston area is home to 55 institutions of higher
education, and four of Bostons top employers are hospitals. 2014 marked the 20th consecutive
year that Boston received the most National Institutes of Health funding of any U.S. city. Fortysix Boston institutions received 3,521 NIH awards for more than $1.7 billion in funding.
We will facilitate opportunities to leverage this existing network of academia and research to
support GEs innovation in Boston.
YOUR HOME
Commented [LFP1]:
Attracting and retaining talent is even easier when people want to call your city home. Boston is
Americas Walking City; our beautiful neighborhoods and the communities that surround us are
diverse, dynamic, and historic.
Concierge Team: To help you access all that the Commonwealth has to offer, we will assign a
concierge team for transitioning your employees to our city, helping them with anything from
finding homes to enrolling in schools to networking with area cultural groups.
Transportation Assistance: We will make it easier for your employees to get to work. We will
partner with you to make corporate jet service, helipads, and - where relevant - ferry service a
possibility. Recognizing that 400 600 or more Project Plum vehicles and 500 or more general
public vehicles have the potential of further congesting already challenged roadways and
commutes, the State and City are combining to offer as much as another $125 million in
currently not planned for public improvements in the Seaport District. These improvements,
while benefitting the entire district, will be tailored to directly improve the commute in and out of
the Innovation Block, home to Project Plum employees and visitors.
We also plan to embark on the following transportation infrastructure improvements:
The City is committed to a significant undertaking to replace the Northern Avenue

Bridge. Closed for nearly two decades, the bridge will require as much as $100 million in
planning, design, and construction funding. This investment will significantly improve
transportation in the Seaport District.
The State will coordinate with the City and GE to undertake $25 million in local street
improvements and/or public transportation enhancements. These infrastructure
improvements will target various modes of transportation and should make the district an
even more appealing center of commerce and livability.
As you know, our State and our City are synonymous with innovation. Generation after
generation - for the entire history of our country - this region has been on the forefront, and the
worlds toughest challenges are tackled here. From the American to Industrial revolutions, from
the rise of the information age to the birth of personalized medicine, Massachusetts has led the
way.
is our heritage and our future, and that is why we believe
that Boston should be
home.
Sincerely,
Charles D. Baker
Governor
Martin J. Walsh
Mayor of Boston
Appendix 1- Original I-Cubed proposal, November 21, 2015

The State and City propose building a $50 million combined corporate and public parking
garage with 800 - 1,000 spaces, funded through the States Infrastructure Investment Incentive
(I-Cubed) program. This will relieve GE from the cost of constructing or operating a parking
facility while providing a potentially free and convenient service for your workforce and visitors,
and the foundation for a high rise above the garage, if desired.
The garage, to be constructed in full coordination and perhaps by GEs contractor, will also
provide a substantial public benefit - the creation of additional public parking in the Seaport
District. In doing so, it also provides the following benefits to GE, the ranges for which can be
narrowed as site selection and further imagination is put to work:
It relieves GE from the responsibility of the cost of constructing its own parking facility
(estimated savings of $12 million to $30 million);
It spares GE the cost of interest associated with paying the debt on the permanent
financing of a parking garage (estimated savings of $4 million to $12 million);
It allows GE to mitigate property tax expenses, operating and maintenance expenses,
and future capital improvements expenses to satisfy its parking needs (estimated
savings of $15 million to $30 million);
It creates an opportunity for GE to offer a great amenity by providing employees and
visitors with substantially reduced parking costs (estimated savings of $20 million to 35
million); and
It allows for the public financing of the foundation work necessary to support a high rise
office building (estimated savings of $5 million to $15 million).
In total, the $50 million state I-Cubed grant provides GE with an estimated $56 million - $122
million of benefits. The market rate charges for the public parking would likely support all the
carrying costs for the future operation of the garage. The garage could have at its base a
ground floor for innovation for GE and potentially others drawn from the Citys vast array of
innovators and entrepreneurs. As a critical public project, fully constructed with public dollars
and maintained with operating revenues, the public benefit created allows for and justifies the
private benefit GE would receive.
The garage serves as the building foundation, and air-rights for a vertical building. It is possible
that the garage generates income necessary to write down the cost of those air-rights. It is also
possible, and fully dependent on compatibility with and approval of GE, that the garage has
floors of additional office or hospitality upon it as well. The additional office, not initially occupied
by GE, would allow flex-space for future GE expansion. The possibility of a hotel could enhance
GEs convenience as an amenity, providing additional on-site meeting space, restaurants,
lounges, and, of course, lodging. Both would impact the bottom line as another income
generator. Whether with or without a hotel, the air-rights savings would be influenced by the size
of the garage and its ability to reduce the cost of what would likely be a long-term lease. That
lease, depending upon GEs siting decision, might be on private or public land, which would also
influence the cost to GE. Especially enhancing our opportunity to maximize our support to GE
would be your selection of a publicly owned parcel. No savings is therefore assigned to the
securing of air-rights, but the parties look forward to exploring the possibilities once a site has
been selected.
From:
To:
Cc:
Subject:
Date:

Kennealy, Michael (EOHED); Kadish, Steven (GOV)
Ash, Jay (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie (DOT); Garrity, Rob (DOT); Povich, Lon (GOV);
Elizabeth Morse; Tom Glynn; Buckley, Timothy (GOV); Conroy, Jim (GOV); Sullivan, Jennifer F. (ANF); jdoolin;
Ross, Robert (ANF); Cosco, Jonathan (EOHED)
RE: Info to share on the Boston project?
Ricks
Cc: Ash, Jay (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie (DOT); Garrity, Rob (DOT); Povich, Lon
(GOV); Elizabeth Morse; Tom Glynn; Buckley, Timothy (GOV); Conroy, Jim (GOV); Sullivan, Jennifer F. (ANF);
jdoolin; Ross, Robert (ANF); Cosco, Jonathan (EOHED); Frazier, Ricks (EOHED)
Article mentioned on one our calls - how about as an appendix to our letter?
Mike Kennealy
Assistant Secretary for Business Growth The Commonwealth of Massachusetts Executive Office of Housing &
Economic Development One Ashburton Place, Room 2101 Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

<kristen.lepore@MassMail.State.MA.US>; Pollack, Stephanie (DOT) <stephanie.pollack@dot.state.ma.us>;
Garrity, Rob (DOT) <rob.garrity@dot.state.ma.us>; Povich, Lon (GOV) <lon.povich@MassMail.State.MA.US>;
Elizabeth Morse <EMorse@massport.com>; Tom Glynn <tglynn@massport.com>; Buckley, Timothy (GOV)
<timothy.buckley@MassMail.State.MA.US>; Conroy, Jim (GOV) <jim.conroy@MassMail.State.MA.US>;
Sullivan, Jennifer F. (ANF) <Jennifer.F.Sullivan@MassMail.State.MA.US>; jdoolin <jdoolin@massport.com>;
Ross, Robert (ANF) <robert.ross2@MassMail.State.MA.US>; Cosco, Jonathan (EOHED)
<Jonathan.Cosco@MassMail.State.MA.US>; Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US>
Updates/thoughts:
Letter
- Have a number of great wording suggestions from Jennifer Sullivan which I will incorporate into next draft, along
with I-Cubed examples
- City sending edits as well
- Want to make sure we agree on basics of offer and presentation - 1 offer, no mention of EDIP, appendix to provide
an example of I-Cubed. If we need to discuss we should do so ASAP.
- Question - do we propose anything that would attempt to steer them to one site or another?
- Should we say more about how valuable parking is in Seaport?

Site book
- Working with City to find a way to incorporate all the great content folks have sent on sites.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

Next draft attached. I will follow with an email shortly with what I believe are open items/needs and questions.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

FYI - draft still in process; will send as soon as I can but not by 1pm.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

To: Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>; Kadish, Steven (GOV)
I will reach out individually to folks this morning for help/input as needed on the letter. I will send the next draft to
this group by 1pm today - I hope that will be a draft that is close to final, but that timing will still allow for an
iteration or two before close of business. If you have specific suggestions on either the letter or site book sent last
night, please email or call me.
________________________________________
Cc: Ash, Jay (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie (DOT); Garrity, Rob (DOT); Povich, Lon
(GOV); Elizabeth Morse; Tom Glynn; Buckley, Timothy (GOV); Conroy, Jim (GOV); Sullivan, Jennifer F. (ANF);
jdoolin; Ross, Robert (ANF); Cosco, Jonathan (EOHED); Frazier, Ricks (EOHED)
Attached please find a draft of a revised letter. This represents edits to a draft provided by the City earlier tonight; I
would characterize this as still very rough with items in brackets and areas where the writing needs to be improved.
After discussion tomorrow morning, the balance of the day will be dedicated to finalizing it for submission by close
of business. For our discussion at 7am, I would suggest that we focus not on specific wording but rather on the key
decision points and structural aspects of the letter; for example, do we:
- Want to submit what amounts to a 3rd proposal (informed by discussion with Steve earlier tonight), with proposals
1 and 2 presented as appendices/for reference? And if so, is this the right proposal?
- Want to include the section that "sells" the State and City?
- Like the structure (provided by the City) of "Your HQ, Your Lab, Your Home"
We should also discuss where we can/should provide more detail - potential uses of I-Cubed, permitting, etc. - and
what those details might be. Discussion of the next draft can focus more on specific wording.
Mike Kennealy
Executive Office of Housing & Economic Development One Ashburton Place, Room 2101 Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

'Elizabeth Morse' <EMorse@massport.com>; Tom Glynn <tglynn@massport.com>; Buckley, Timothy (GOV)
Sullivan, Jennifer F. (ANF) <Jennifer.F.Sullivan@MassMail.State.MA.US>; 'jdoolin' <jdoolin@massport.com>;
Quick update - the City had started a re-draft of the letter and the site book which I thought I would have received a
while ago but am still awaiting. As soon as it comes in I will make whatever edits I see fit and send to this group.
So expect something later tonight and then we can discuss on our call tomorrow. We do have until close of
business tomorrow to finalize.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

'Elizabeth Morse' <EMorse@massport.com>; Tom Glynn <tglynn@massport.com>; Buckley, Timothy (GOV)
Sullivan, Jennifer F. (ANF) <Jennifer.F.Sullivan@MassMail.State.MA.US>; 'jdoolin' <jdoolin@massport.com>;
Attached please find the final versions of the documents sent today. Now on to the letter.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

I would like to send my short memo and Rick's memo as soon as each is ready - doesn't need to be together.
Please let me know ASAP if there are suggested changes to my memo.

Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

Subject: Re: Info to share on the Boston project?
Mike,
Do we assume that both letters go out together?
Please circulate the final docs.
Steve
Sent from my iPhone
> On Nov 30, 2015, at 1:32 PM, Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>
wrote:
>
> Steve, all,
>
> Please see the attached documents - I will email again shortly with further thoughts/detail, and my short memo
requires another read, but I wanted to get these in folks' hands now.
>
> Mike Kennealy
> Office: 617-788-3640
> Cell: 617-634-4762

>
>
> Sent: Monday, November 30, 2015 1:10 PM
> Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>; Lepore, Kristen (ANF)
> <kristen.lepore@MassMail.State.MA.US>; Pollack, Stephanie (DOT)
> <stephanie.pollack@dot.state.ma.us>; Garrity, Rob (DOT)
> <rob.garrity@dot.state.ma.us>; Povich, Lon (GOV)
> <lon.povich@MassMail.State.MA.US>; Elizabeth Morse
> <EMorse@massport.com>; Tom Glynn <tglynn@massport.com>; Buckley,
> Timothy (GOV) <timothy.buckley@MassMail.State.MA.US>; Conroy, Jim
> (GOV) <jim.conroy@MassMail.State.MA.US>; Sullivan, Jennifer F. (ANF)
> <Jennifer.F.Sullivan@MassMail.State.MA.US>; jdoolin
> <jdoolin@massport.com>; Tom Glynn <tglynn@massport.com>; Ross, Robert
> (ANF) <robert.ross2@MassMail.State.MA.US>; Cosco, Jonathan (EOHED)
> <Jonathan.Cosco@MassMail.State.MA.US>
> Subject: Info to share on the Boston project?
>
> Mike:
>
> Can you please circulate the letter/info we were discussing this morning?
>
> What is the target time for the next set of information later today?
>
> Thank you,
> Steve
> <Project Plum Incentives Memo clean.docx> <Plum memo Nov 30.docx>
From:
To:
Cc:
Subject:
Date:
Polito, Karyn (GOV)

Ash, Jay (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie (DOT); Buckley, Timothy (GOV); Conroy,
Jim (GOV); Povich, Lon (GOV); D"Arbeloff, Mindy (GOV)
Re: Invitation to State of the Commonwealth
Tuesday, January 19, 2016 4:43:52 PM
Terrific!
Sent from my iPhone
I would love to join you.
Sent from my iPhone
On Jan 19, 2016, at 1:49 PM, GOV E-mail
Great!
Sent from my iPhone
Fyi.
Ann Klee will be joining us from GE.
Sent from my iPhone
From: "Kadish, Steven (GOV)"
To: "Klee, Ann (GE, Corporate)"
<Ann.Klee@ge.com>
Cc: "Serpa, Dean (GOV)"
<dean.serpa@MassMail.State.MA.US>,
"Conway, Scott (GOV)"
<scott.conway@MassMail.State.MA.US>,
"D'Arbeloff, Mindy (GOV)"
<mindy.darbeloff@MassMail.State.MA.US>,
"Zarrella, Lily (GOV)"
<lily.zarrella@MassMail.State.MA.US>
wrote:
Subject: Re: Invitation to State of the

Commonwealth
Ann,
We would be delighted to welcome you!
Please send our best to Jeff and Jeff.
Best and look forward to seeing you soon,
Steve
Sent from my iPhone
On Jan 19, 2016, at 12:31 PM,
<Ann.Klee@ge.com> wrote:
Steve,
Just heard back from Jeff and
Jeff. Unfortunately, Friday is
our earnings call, so they won't
be able to make the Governor's
State of the State. They send
their regrets; both wish they
could have been there.
I'd be delighted to accept your
very kind invitation, though.
Many thanks to you and the
Governor.
Best,
ark
Sent from my iPhone
On Jan 19, 2016, at
12:18 PM, Kadish,
Steven (GOV)
wrote:
Ann,
We hope that you
all can come on
Thursday for
Governor Baker's
State of the
Commonwealth.
When you are able,
please let us know
who will be able to
attend and we can
then help with the
logistics.
Best and look
forward to seeing
you soon,
Steve
Sent from my
iPhone
On Jan
14,
2016,
at 6:42
PM,
Klee,
Ann
(GE,
Corporate)
<Ann.Klee@ge.com>
wrote:
Steve,
Thank
you
and
the
Governor
very
much
for the
invitations.
What
an
honor.
I'll
check
with
Jeff
and
Jeff
and
get
back
to you
as
soon
as
possible.
ark
----Original
Message---From:
Kadish,
Steven
(GOV)
[mailto:steven.kadish@MassMail.State.MA.US]
Sent:
Thursday,
January
14,
2016
6:39
PM
To:
Klee,
Ann
(GE,
Corporate)
Cc:
Serpa,
Dean
(GOV);
Conway,
Scott
(GOV);
D'Arbeloff,
Mindy
(GOV)
Subject:
Invitation
to
State
of the
Commonwealth
Ann,
The
Governor
would
like to
invite
Chairman
Immelt,
Jeff
Bornstein
and
you to
the
State
of the
Commonwealth
on this
Thursday
evening,
6:30
pm,
January
21,
2016.
A
formal
invitation
would
follow.
Can
you let
us
know
if this
can
work
or if
you
have
any
questions?
Best,
Steve
Sent
from
my
iPhone
From:
To:
Subject:
Date:
Povich, Lon (GOV)

RE: Joint Draft Incentives Letter for Project Plum
Lon F. Povich
Boston, MA 02133
(617) 725-4082

To: Kadish, Steven (GOV); Povich, Lon (GOV)
Subject: Fwd: Joint Draft Incentives Letter for Project Plum
I have not reviewed this draft as I am just receiving it as well. If one is doing any work off of
anything I would suggest it be off this draft.
I just got off a conference call with Boston and the project people from GE if you would like
an update let me know.
-------- Original message -------From: John Barros <john.barros@boston.gov>

Date: 11/22/2015 6:04 PM (GMT-05:00)
Cc: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>, "Kadish, Steven (GOV)"
Subject: Re: Joint Draft Incentives Letter for Project Plum
With attachment
On Sun, Nov 22, 2015 at 6:02 PM, John Barros <john.barros@boston.gov> wrote:
> Jay and Steve,
>
> Here is the latest taking all the edits in consideration
>
>
> On Sun, Nov 22, 2015 at 1:24 PM, Ash, Jay (EOHED)
> <jay.ash@massmail.state.ma.us> wrote:
>> Sorry, here are the two docs referenced.
>> ________________________________________
>> From: Ash, Jay (EOHED)

>> To: John Barros; steven.kadish@state.ma.us
>> Subject: RE: Joint Draft Incentives Letter for Project Plum
>>
>> John, here is a redraft based upon Steve's comments. I've attached the document as a clean draft and a
comparison document.
>
>
>
> -> John Barros
> t: 617-635-5729
> http://www.cityofboston.gov
>
> http://imagine.boston.gov/
-John Barros
6th Floor, Room 603
t: 617-635-5729
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

Cowan, Mo; Klee, Ann (GE, Corporate)
john.barros@boston.gov; Ash, Jay (EOHED)
RE: Klee Call: Project Plum
Thanks very much. Can we ask you to get a call scheduled with the tax people for Friday?
-------- Original message -------From: "Cowan, Mo" <MCowan@mlstrategies.com>

Date: 11/25/2015 3:10 PM (GMT-05:00)
To: "Klee, Ann (GE, Corporate)" <Ann.Klee@ge.com>
Cc: john.barros@boston.gov, "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>
Subject: Re: Klee Call: Project Plum
We can use this number for the 4pm call:
; passcode
Thanks.
Mo Cowan
Sent from my iPhone
> On Nov 25, 2015, at 2:57 PM, Klee, Ann (GE, Corporate) <Ann.Klee@ge.com> wrote:
>
> Mo will be joining me and will send around a call in number. Look forward to hearing your update.
>
> ark
>
> ----- Original Message ----> From: John Barros [mailto:john.barros@boston.gov]
> Sent: Wednesday, November 25, 2015 02:52 PM
> To: Klee, Ann (GE, Corporate)
> Subject: Re: Klee Call: Project Plum
>
> Great. 4pm works.
>
> I will conference Jay and call you directly.
>
> Is 203.373.3198 the right number?
>
>
> On Wed, Nov 25, 2015 at 2:14 PM, Klee, Ann (GE, Corporate)
> <Ann.Klee@ge.com> wrote:
>> John,
>>
>> I could do a quick call at 4.
>>
>> ark
>>
>>> On 11/25/15, 2:12 PM, "John Barros" <john.barros@boston.gov> wrote:
>>>
>>> Ann,
>>>
>>> Jay and I have an update for you and need 15mins of your time to give
>>> you a quick update. We're excited about where we are and can use your
>>> feedback before moving forward.
>>>
>>> Please let us know if that would be possible for today. Thank you.
>>>
>>> Best,
>>> John
>>>
>>>
>>>
>>>
>>>> On Nov 24, 2015, at 8:39 AM, Klee, Ann (GE, Corporate)
>>>> <Ann.Klee@ge.com> wrote:
>>>>
>>>> Great. Thanks.
>>>>
>>>>
>>>>> On Nov 24, 2015, at 8:16 AM, John Barros <john.barros@boston.gov>
>>>>> wrote:
>>>>>
>>>>> Good morning Ann,
>>>>>
>>>>> Jay Ash will be joining us on a conference call at 4:30PM if you have
>>>>> no objections.
>>>>>
>>>>> The following conference call line is available to us:
>>>>>
>>>>> Dial-in Number:
>>>>> Meeting ID:
>>>>>
>>>>> Best,
>>>>> John
>>>>>
>>>>> On Mon, Nov 23, 2015 at 6:38 PM, Kulish, Karen (GE Corporate)
>>>>> <karen.kulish@ge.com> wrote:
>>>>>> The best number to reach Ann on tomorrow would be her office #, which
>>>>>> is
>>>>>> 203.373.3198.
>>>>>>
>>>>>> Thank you!
>>>>>>
>>>>>>
>>>>>>
>>>>>> Karen Kulish
>>>>>>
>>>>>> Executive Assistant to Ann Klee
>>>>>>
>>>>>> Global Operations Environment, Health & Safety
>>>>>>
>>>>>> O: 203 373-2575
>>>>>> C: 203 598-1348
>>>>>>
>>>>>>
>>>>>>
>>>>>> General Electric Company
>>>>>>
>>>>>> 3135 Easton Turnpike
>>>>>>
>>>>>> Fairfield, CT 06828
>>>>>>
>>>>>>
>>>>>>
>>>>>> GE Imagination at Work
>>>>>>
>>>>>>
>>>>>>
>>>>>> From: John Barros [mailto:john.barros@boston.gov]
>>>>>> Sent: Monday, November 23, 2015 6:14 PM
>>>>>> To: Klee, Ann (GE, Corporate)
>>>>>> Subject: Re: Project Plum
>>>>>>
>>>>>>
>>>>>>
>>>>>> Ann,
>>>>>>
>>>>>>
>>>>>>
>>>>>> Tomorrow at 4:30pm would work for me. If that works, I will call you.
>>>>>>
>>>>>> Sent from my iPhone
>>>>>>
>>>>>>
>>>>>> On Nov 23, 2015, at 6:03 PM, Klee, Ann (GE, Corporate)
>>>>>> <Ann.Klee@ge.com>
>>>>>> wrote:
>>>>>>
>>>>>> John,
>>>>>>
>>>>>>
>>>>>>
>>>>>> Id be happy to talk. Would tomorrow afternoon after 3:30 work for
>>>>>> you?
>>>>>>
>>>>>>
>>>>>>
>>>>>> Thanks.
>>>>>>
>>>>>>
>>>>>>
>>>>>> ark
>>>>>>
>>>>>>
>>>>>>
>>>>>> Subject: Project Plum
>>>>>>
>>>>>>
>>>>>>
>>>>>> Ann,
>>>>>>
>>>>>>
>>>>>>
>>>>>> I hope this email finds you well. I know this is a very busy time.
>>>>>>
>>>>>> I would like to have a quick conversation in regards to our letter to
>>>>>> GE.
>>>>>> Please let me know the best time to talk. Thank you.
>>>>>>
>>>>>>
>>>>>>
>>>>>> Best,
>>>>>> John
>>>>>>
>>>>>>
>>>>>>
>>>>>> ->>>>>>
>>>>>> John Barros
>>>>>> t: 617-635-5729
>>>>>>
>>>>>> https://urldefense.proofpoint.com/v2/url?u=http-3A__www.cityofboston.go
>>>>>> v&d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFU
>>>>>> b2LfGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=P95Ib1kdeYIc
>>>>>> B3DQo946Lr-wmpxyA26vVN3DrJKUlfo&e=
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>> https://urldefense.proofpoint.com/v2/url?u=http-3A__imagine.boston.gov_
>>>>>> &d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb
>>>>>> 2LfGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=QY3F_vR9BMCnX
>>>>>> 1JvooBK2gwKJBqIfgKo-2OVWoKVo3I&e=
>>>>>
>>>>>
>>>>>
>>>>> t: 617-635-5729
>>>>>
>>>>> https://urldefense.proofpoint.com/v2/url?u=http-3A__www.cityofboston.gov
>>>>> &d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2
>>>>> LfGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=P95Ib1kdeYIcB3D
>>>>> Qo946Lr-wmpxyA26vVN3DrJKUlfo&e=
>>>>>
>>>>>
>>>>> https://urldefense.proofpoint.com/v2/url?u=http-3A__imagine.boston.gov_&
>>>>> d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2L
>>>>> fGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=QY3F_vR9BMCnX1Jv
>>>>> ooBK2gwKJBqIfgKo-2OVWoKVo3I&e=
>
>
>
> -> John Barros
> t: 617-635-5729
> https://urldefense.proofpoint.com/v2/url?u=http3A__www.cityofboston.gov&d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2LfGqJlIg&m=WXORJY0X_Xn66NLZ5PPubmuQFCJTz7eLyDvgcYtO08&s=kyLIuWixnIWLzdTrvZyIqRRi5T3f4j1lpiC75MLe0TI&e=
>
> https://urldefense.proofpoint.com/v2/url?u=http3A__imagine.boston.gov_&d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2LfGqJlIg&m=WXORJY0X_Xn66NLZ5PPubmuQFCJTz7eLyDvgcYtO08&s=dGDcvl3eNTodCLGzDkCsL-CfbL025T4R6Uvg6lsvdu8&e=
From:
To:
Cc:
Subject:
Date:
Cowan, Mo
Ash, Jay (EOHED)
john.barros@boston.gov; Ash, Jay (EOHED)
Re: Klee Call: Project Plum
Given holiday travel plans I have asked the company's tax team to be
available tonight. They can speak at 830pm if you're available. If so,
please use the dial in number from earlier today.
Mo Cowan
Sent from my iPhone
Thanks very much. Can we ask you to get a call scheduled with the tax people
for Friday?
-------- Original message -------From: "Cowan, Mo" <MCowan@mlstrategies.com<mailto:MCowan@mlstrategies.com>>

Date: 11/25/2015 3:10 PM (GMT-05:00)
To: "Klee, Ann (GE, Corporate)" <Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>>
Cc: john.barros@boston.gov<mailto:john.barros@boston.gov>, "Ash, Jay
(EOHED)" <jay.ash@MassMail.State.MA.US<mailto:jay.ash@massmail.state.ma.us>>
; passcode
Thanks.
Mo Cowan
Sent from my iPhone
> On Nov 25, 2015, at 2:57 PM, Klee, Ann (GE, Corporate)
> <Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>> wrote:
>
> Mo will be joining me and will send around a call in number. Look forward
> to hearing your update.
>
> ark
>
>
> Great. 4pm works.
>
>
>
>
>> John,
>>
>>
>> ark
>>
>>> On 11/25/15, 2:12 PM, "John Barros"
>>> <john.barros@boston.gov<mailto:john.barros@boston.gov>> wrote:
>>>
>>> Ann,
>>>
>>>
>>>
>>> Best,
>>> John
>>>
>>>
>>>
>>>
>>>> <Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>> wrote:
>>>>
>>>> Great. Thanks.

>>>>
>>>>
>>>>> On Nov 24, 2015, at 8:16 AM, John Barros
>>>>> <john.barros@boston.gov<mailto:john.barros@boston.gov>>
>>>>> wrote:
>>>>>
>>>>>
>>>>> Jay Ash will be joining us on a conference call at 4:30PM if you have
>>>>>
>>>>>
>>>>> Meeting ID:
>>>>>
>>>>> Best,
>>>>> John
>>>>>
>>>>> <karen.kulish@ge.com<mailto:karen.kulish@ge.com>> wrote:
>>>>>> The best number to reach Ann on tomorrow would be her office #, which
>>>>>> is
>>>>>> 203.373.3198.
>>>>>>
>>>>>> Thank you!
>>>>>>
>>>>>>
>>>>>>
>>>>>> Karen Kulish
>>>>>>
>>>>>>
>>>>>>
>>>>>> O: 203 373-2575
>>>>>> C: 203 598-1348
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>> Ann,
>>>>>>
>>>>>>
>>>>>>
>>>>>> Tomorrow at 4:30pm would work for me. If that works, I will call you.
>>>>>>
>>>>>>
>>>>>>
>>>>>> <Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>>
>>>>>> wrote:
>>>>>>
>>>>>> John,
>>>>>>
>>>>>>
>>>>>>
>>>>>> you?
>>>>>>
>>>>>>
>>>>>>
>>>>>> Thanks.
>>>>>>
>>>>>>
>>>>>>
>>>>>> ark
>>>>>>
>>>>>>
>>>>>>

>>>>>>
>>>>>>
>>>>>>
>>>>>> Ann,
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>> I would like to have a quick conversation in regards to our letter to
>>>>>> GE.
>>>>>>
>>>>>>
>>>>>>
>>>>>> Best,
>>>>>> John
>>>>>>
>>>>>>
>>>>>>
>>>>>> ->>>>>>
>>>>>> John Barros
>>>>>> t: 617-635-5729
>>>>>>
>>>>>> https://urldefense.proofpoint.com/v2/url?u=http-3A__www.cityofboston.go
>>>>>> v&d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFU
>>>>>> b2LfGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=P95Ib1kdeYIc
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>> https://urldefense.proofpoint.com/v2/url?u=http-3A__imagine.boston.gov_
>>>>>> &d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb
>>>>>> 2LfGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=QY3F_vR9BMCnX
>>>>>
>>>>>
>>>>>
>>>>> t: 617-635-5729
>>>>>
>>>>> https://urldefense.proofpoint.com/v2/url?u=http-3A__www.cityofboston.gov
>>>>> &d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2
>>>>> LfGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=P95Ib1kdeYIcB3D
>>>>>
>>>>>
>>>>> https://urldefense.proofpoint.com/v2/url?u=http-3A__imagine.boston.gov_&
>>>>> d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2L
>>>>> fGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=QY3F_vR9BMCnX1Jv
>
>
>
> -> John Barros
> t: 617-635-5729
> https://urldefense.proofpoint.com/v2/url?u=http3A__www.cityofboston.gov&d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2LfGqJlIg&m=WXORJY0X_Xn66NLZ5PPubmuQFCJTz7eLyDvgcYtO08&s=kyLIuWixnIWLzdTrvZyIqRRi5T3f4j1lpiC75MLe0TI&e=
>
> https://urldefense.proofpoint.com/v2/url?u=http3A__imagine.boston.gov_&d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2LfGqJlIg&m=WXORJY0X_Xn66NLZ5PPubmuQFCJTz7eLyDvgcYtO08&s=dGDcvl3eNTodCLGzDkCsL-CfbL025T4R6Uvg6lsvdu8&e=
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

Cowan, Mo
RE: Klee Call: Project Plum
Thursday, November 26, 2015 9:08:45 PM
Sorry, didn't see this last night.

Mike will be available for a call on Friday or Monday with them.
Thx!
________________________________________
From: Cowan, Mo [MCowan@mlstrategies.com]
Sent: Wednesday, November 25, 2015 5:53 PM
Cc: john.barros@boston.gov; Ash, Jay (EOHED)
Given holiday travel plans I have asked the company's tax team to be
available tonight. They can speak at 830pm if you're available. If so,
please use the dial in number from earlier today.
Mo Cowan
Sent from my iPhone
Thanks very much. Can we ask you to get a call scheduled with the tax
people for Friday?
-------- Original message -------From: "Cowan, Mo"

<MCowan@mlstrategies.com<mailto:MCowan@mlstrategies.com>>
Date: 11/25/2015 3:10 PM (GMT-05:00)
To: "Klee, Ann (GE, Corporate)" <Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>>
Cc: john.barros@boston.gov<mailto:john.barros@boston.gov>, "Ash, Jay
(EOHED)"
<jay.ash@MassMail.State.MA.US<mailto:jay.ash@massmail.state.ma.us>>
passcode
Thanks.
Mo Cowan
Sent from my iPhone
> On Nov 25, 2015, at 2:57 PM, Klee, Ann (GE, Corporate)
<Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>> wrote:
>
> Mo will be joining me and will send around a call in number. Look
forward to hearing your update.
>
> ark
>
>
> Great. 4pm works.
>
>
>
>
>> John,
>>
>>
>> ark
>>
>>> On 11/25/15, 2:12 PM, "John Barros"
<john.barros@boston.gov<mailto:john.barros@boston.gov>> wrote:
>>>
>>> Ann,
>>>
>>>
>>>
>>> Best,
>>> John
>>>
>>>
>>>
>>>
>>>> <Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>> wrote:
>>>>
>>>> Great. Thanks.
>>>>
>>>>
>>>>> On Nov 24, 2015, at 8:16 AM, John Barros
<john.barros@boston.gov<mailto:john.barros@boston.gov>>
>>>>> wrote:
>>>>>
>>>>>
>>>>> Jay Ash will be joining us on a conference call at 4:30PM if you
have
>>>>>
>>>>>
>>>>> Meeting ID:
>>>>>
>>>>> Best,
>>>>> John
>>>>>
>>>>> <karen.kulish@ge.com<mailto:karen.kulish@ge.com>> wrote:
>>>>>> The best number to reach Ann on tomorrow would be her office #,
which
>>>>>> is
>>>>>> 203.373.3198.
>>>>>>
>>>>>> Thank you!
>>>>>>
>>>>>>
>>>>>>
>>>>>> Karen Kulish
>>>>>>
>>>>>>
>>>>>>
>>>>>> O: 203 373-2575
>>>>>> C: 203 598-1348
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>> Ann,
>>>>>>
>>>>>>
>>>>>>
>>>>>> Tomorrow at 4:30pm would work for me. If that works, I will call
you.
>>>>>>
>>>>>>
>>>>>>
>>>>>> <Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>>
>>>>>> wrote:
>>>>>>
>>>>>> John,
>>>>>>
>>>>>>
>>>>>>
>>>>>> you?
>>>>>>
>>>>>>
>>>>>>
>>>>>> Thanks.
>>>>>>
>>>>>>
>>>>>>
>>>>>> ark
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>> Ann,
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>> I would like to have a quick conversation in regards to our letter
to
>>>>>> GE.
>>>>>>
>>>>>>
>>>>>>
>>>>>> Best,
>>>>>> John
>>>>>>
>>>>>>
>>>>>>
>>>>>> --
>>>>>>
>>>>>> John Barros
>>>>>> t: 617-635-5729
>>>>>>
>>>>>>
https://urldefense.proofpoint.com/v2/url?u=http-3A__www.cityofboston.go
>>>>>>
v&d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFU
>>>>>>
b2LfGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=P95Ib1kdeYIc
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
https://urldefense.proofpoint.com/v2/url?u=http-3A__imagine.boston.gov_
>>>>>>
&d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb
>>>>>>
2LfGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=QY3F_vR9BMCnX
>>>>>
>>>>>
>>>>>
>>>>> t: 617-635-5729
>>>>>
>>>>>
https://urldefense.proofpoint.com/v2/url?u=http-3A__www.cityofboston.gov
>>>>>
&d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2
>>>>>
LfGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=P95Ib1kdeYIcB3D
>>>>>
>>>>>
>>>>>
https://urldefense.proofpoint.com/v2/url?u=http-3A__imagine.boston.gov_&
>>>>>
d=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2L
>>>>>
fGqJlIg&m=9TwuY_q8LnotSC3U7o4XjaGnzMEmr7-z7aXEAKUaS7k&s=QY3F_vR9BMCnX1Jv
>
>
>
> -> John Barros
> t: 617-635-5729
>
https://urldefense.proofpoint.com/v2/url?u=http-3A__www.cityofboston.gov&d
=CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2LfGq
JlIg&m=WXORJY0X_Xn66NLZ5PPubmuQFCJTz7eLyDvgcY-tO08&s=kyLIuWixnIWLzdTrvZyIq
RRi5T3f4j1lpiC75MLe0TI&e=
>
>
https://urldefense.proofpoint.com/v2/url?u=http-3A__imagine.boston.gov_&d=
CwIFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=8FupxIcsSIFUb2LfGqJ
lIg&m=WXORJY0X_Xn66NLZ5PPubmuQFCJTz7eLyDvgcY-tO08&s=dGDcvl3eNTodCLGzDkCsLCfbL025T4R6Uvg6lsvdu8&e=
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

Lepore, Kristen (ANF); Polito, Karyn (GOV); Conroy, Jim (GOV); Povich, Lon (GOV); Buckley, Timothy
(GOV); Kadish, Steven (GOV)
RE: Land
Monday, November 16, 2015 7:42:00 AM
Yes
Im in charge of rounding up state opportunities, including authorities. Boston, is in charge of their

lands and private developers.
From:
Sent: Monday, November 16, 2015 7:40 AM
To: Lepore, Kristen (ANF); Polito, Karyn (GOV); Conroy, Jim (GOV); Ash, Jay (EOHED); Povich, Lon
(GOV); Buckley, Timothy (GOV); Kadish, Steven (GOV)
Subject: RE: Land
Jay are these some of the sites you guys are discussing with the city of Boston concerning GE?
Charlie

To:
Polito, Karyn (GOV); Conroy, Jim (GOV); Ash, Jay (EOHED); Povich, Lon (GOV); Buckley,
Timothy (GOV); Kadish, Steven (GOV)
Subject: Land
I was right. The MCCA has 30 undeveloped acres. See attached map.
Of this, about 17 acres could be developed now:
10 acres - The south parking lot behind BCEC site.
6.8 acres Across the street where it says remaining land
10 more acres will be available when MassDot moves its testing lab and maintenance facility (land at
the bottom part of the L). I need to check with MassDot on the timing of this.
The remaining 2.7 acres is the lawn on D and I want to keep this.
Kristen Lepore
Secretary

Boston, MA 02133
(617) 727-2040
From:
To:
Subject:
Date:
Attachments:
Morse, Elizabeth
Lepore, Kristen (ANF); Kennealy, Michael (EOHED); Ash, Jay (EOHED); Kadish, Steven (GOV); Sullivan, Jennifer
RE: Massport Presentation
Massport 12 8 15 Deck Final.pdf
Here is the final version. Thanks, Elizabeth
From: Lepore, Kristen (ANF) [mailto:kristen.lepore@MassMail.State.MA.US]

To: Morse, Elizabeth; Kennealy, Michael (EOHED); Ash, Jay (EOHED); Kadish, Steven (GOV); Sullivan,
Jennifer F. (ANF); Ross, Robert (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT); Povich, Lon
(GOV); Garrity, Rob (DOT); Glynn, Tom; Doolin, James
Subject: RE: Massport Presentation
Excellent esp the marketing piece.
From: Morse, Elizabeth [mailto:EMorse@massport.com]

To: Kennealy, Michael (EOHED); Ash, Jay (EOHED); Kadish, Steven (GOV); Lepore, Kristen (ANF);
Sullivan, Jennifer F. (ANF); Ross, Robert (ANF); Frazier, Ricks (EOHED); Pollack, Stephanie (DOT);
Povich, Lon (GOV); Garrity, Rob (DOT); Tom Glynn; Doolin, James
Subject: Massport Presentation
Elizabeth
Elizabeth Morse
Chief of Staff
617-568-1007
emorse@massport.com
Massport

December 8, 2015
DRAFT 12/8/15 12:45 pm
Massport Overview
Aviation
Maritime Operations
Real Estate


2

development partner


developers to:
financeable

Boston
1.
2.
3.
4.
5.
6.
7.
8.
9.

5
Fidelity
Investments
Seaport World
Trade Center
Boston

1.
2.
3.
4.
5.
6.

Parcel D-3
Parcel D-2
Parcel A-2
Parcel H


Parcel
A-2
Development site
adjacent to the
design)

Parcel
D-2
development
Air Rights
Garage Site
Parking provided in
Rights Garage
Parcel
D-3
Parcel H
Prominent views of
downtown
Line station
2.8 acre parcel

D Streets
Master plan program
650,000 sf
use
BCEC/Westin Hotel
Parcel D-3

structured parking
10
3 acre parcel
Summer Street
Frontage
sf
Parcel D-3

structured parking
Summer Street
E Street
South Boston
Transportation Plan
recommended
Summer Street
11
2.1 acre parcel
Parcel D-2
Center Avenue
development
250 room hotel
Air
Rights
Garage
Site

office
Parking provided in
design)
12
Parcel A-2
1.2-acre parcel
Center Avenue
Parcel
D-2
Parcel
D-3
Master plan program

sf, suitable for
Air Rights
Garage Site
Parcel H

WTC Station, with
potential direct
direct pedestrian
connection)
13
Parcel H
1.8 acre parcel

Street
Master plan program
sf, suitable for
Parcel
A-2
Air Rights
Garage Site

structured parking
ground)
Silver Line Station
Way and T Station
14


15

parking
16

fleets
17


aircraft fleets
18
19
Massport Air Cargo

themselves
Total Cargo & Mail:
585,459,955 lbs.
334,315,119 lbs.
203,877,671 lbs.
2014 October YTD
20
21
Massachusetts:
22
23
24
25
Appendix
27
Governing Documents
1956 Enabling Act

business facilities
Trust Agreement
requirements)

28
From:
To:
Subject:
Date:
Attachments:
Morse, Elizabeth
Kennealy, Michael (EOHED); Ash, Jay (EOHED); Kadish, Steven (GOV); Lepore, Kristen (ANF); Sullivan, Jennifer
RE: Massport Presentation
Massport 12 8 15 Deck v3.pdf
Here is the revised version of the Massport presentation for your review. Please let me know if you
have any edits. Thanks, Elizabeth
From: Morse, Elizabeth

To: Kennealy, Michael (SEA) <michael.kennealy@state.ma.us> (michael.kennealy@state.ma.us); 'Ash,
Jay (EOHED)'; 'Kadish, Steven (GOV)'; 'Lepore, Kristen (ANF)'; Sullivan, Jennifer F. (ANF)
(jennifer.f.sullivan@state.ma.us); Ross, Robert (ANF) (robert.ross@state.ma.us); Frazier, Ricks (EOHED)
(ricks.frazier@state.ma.us); Pollack, Stephanie (DOT) (stephanie.pollack@state.ma.us); Povich, Lon
(GOV) (lon.povich@state.ma.us); Rob Garrity (rob.garrity@state.ma.us); Glynn, Tom; Doolin, James
Subject: Massport Presentation
Elizabeth
Elizabeth Morse
Chief of Staff
617-568-1007
emorse@massport.com
Massport

December 8, 2015
DRAFT 12/8/15 12:00 pm
Massport Overview
Aviation
Maritime Operations
Real Estate


2

development partner


developers to:
financeable

Boston
1.
2.
3.
4.
5.
6.
7.
8.
9.

5
Fidelity
Investments
Seaport World
Trade Center
Boston

1.
2.
3.
4.
5.
6.

Parcel D-3
Parcel D-2
Parcel A-2
Parcel H


Parcel
A-2
Development site
adjacent to the
design)

Parcel
D-2
development
Air Rights
Garage Site
Parking provided in
Rights Garage
Parcel
D-3
Parcel H
Prominent views of
downtown
Line station
2.8 acre parcel

D Streets
Master plan program
650,000 sf
use
BCEC/Westin Hotel
Parcel D-3

structured parking
10
3 acre parcel
Summer Street
Frontage
sf
Parcel D-3

structured parking
Summer Street
E Street
South Boston
Transportation Plan
recommended
Summer Street
11
2.1 acre parcel
Parcel D-2
Center Avenue
development
250 room hotel
Air
Rights
Garage
Site

office
Parking provided in
design)
12
Parcel A-2
1.2-acre parcel
Center Avenue
Parcel
D-2
Parcel
D-3
Master plan program

sf, suitable for
Air Rights
Garage Site
Parcel H

WTC Station, with
potential direct
direct pedestrian
connection)
13
Parcel H
1.8 acre parcel

Street
Master plan program
sf, suitable for
Parcel
A-2
Air Rights
Garage Site

structured parking
ground)
Silver Line Station
Way and T Station
14


15

parking
16

fleets
17


aircraft fleets
18
19
Massport Air Cargo

themselves
Total Cargo & Mail:
585,459,955 lbs.
334,315,119 lbs.
203,877,671 lbs.
2014 October YTD
20
21
Massachusetts:
22
23
24
25
Appendix
27
Governing Documents
1956 Enabling Act

business facilities
Trust Agreement
requirements)

28
From:
To:
Cc:
Subject:
Date:
Mike Kennealy
Ash, Jay (SEA)
Ash, Jay (SEA)
Re: Meeting Confirmation, GE Team & Logistics - Massachusetts
Sunday, July 19, 2015 8:23:49 AM
Sec. Lepore? Timely given budget, FAS 109, etc.

Mike Kennealy
On Jul 18, 2015, at 8:49 AM, "Ash, Jay (SEA)" <jay.ash@state.ma.us> wrote:
I certainly have one. How about the two of you?
Should we think of the diversity of our team or is three men ok?
Should we bring a legislator?
-------- Original message -------From: Mike Kennealy <mikekennealy@gmail.com>

Date: 07/18/2015 7:14 AM (GMT-05:00)
On it
From: Ash, Jay (SEA) [mailto:jay.ash@state.ma.us]

To: Mike Kennealy
Subject: FW: Meeting Confirmation, GE Team & Logistics - Massachusetts

Hi Jay,
I know its Friday afternoon but I just wanted to touch base with a nudge re bios for
attendees.
I just wanted to be sure was on your radar screen for next week many thanks and
have a good weekend!
Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828

Jay,
I am writing to confirm your meeting at our GE offices in Fairfield, CT on July 30 at 1:30

3:30. We look forward to seeing you then.

The meeting will be held at our GE Guest House, Conference Room B, and upon going
through Security and obtaining badges you will be directed to Guest House parking.
If there are any changes, please be sure that you provide to me the names of
EVERYONE who will attend the meeting as I need to clear each individual through GE
Security. Please confirm whether the Governor will attend and, if so, whether you will
be sending a security detail in advance of the visit. We are a secure facility, however,
we do understand that you may want to do this.

Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828
From:
To:
Cc:
Subject:
Date:
Pham, Nam (EOHED)

Kennealy, Michael (EOHED); Kirk, Carolyn (EOHED)
Ash, Jay (EOHED); Nunnelly, Mark E (DOR); Pham, Nam (EOHED); Distefano, Maria (MOBD); Servetnick, Adrian
(EOHED)
RE: Meeting Confirmation, GE Team & Logistics - Massachusetts
Maria and I will meet up in Waltham. See you in CT. Drive safety.
-------- Original message -------From: "Kennealy, Michael (EOHED)" <Michael.kennealy@MassMail.State.MA.US>

Date: 07/30/2015 7:57 AM (GMT-05:00)
To: "Kirk, Carolyn (EOHED)" <carolyn.kirk@MassMail.State.MA.US>
Cc: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>, "Nunnelly, Mark E (DOR)"
<nunnellym@dor.state.ma.us>, "Pham, Nam (EOHED)"
<nam.pham@MassMail.State.MA.US>, "Distefano, Maria (MOBD)"
<maria.g.distefano@MassMail.State.MA.US>, "Servetnick, Adrian (EOHED)"
<Adrian.Servetnick@MassMail.State.MA.US>
I think we have 4 cars going down, based on individual plans for travel/calls/work:
- Jay/Carolyn/Adrian
- Nam/Maria
- Mike
- Mark
Also please see the most recent version of the deck attached - a few edits will happen this morning but this is very close. Re: speaking
roles, expect everyone to be involved/engaged especially in Q&A, but with respect to specific slides here is what Jay and I discussed, by
slide number:
1-12 Jay
13-15 Mark
16 Carolyn
17-18 Mike
19-27 Jay
28-29 Mike
30-32 Carolyn
33-34 Jay
Please call with questions and I expect we'll have some discussion by phone on the drive down.
Mike
From: Kirk, Carolyn (EOHED)

Cc: Ash, Jay (EOHED); Nunnelly, Mark E (DOR); Pham, Nam (EOHED); Distefano, Maria (MOBD);
Subject: Re: Meeting Confirmation, GE Team & Logistics - Massachusetts
Perhaps we should gather at 1 Ashburton by 10am.
Sent from my iPhone
On Jul 29, 2015, at 7:02 PM, Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US> wrote:
Everybody travelling to Connecticut tomorrow - please see two emails below with
information about our meeting. I have also attached bios for the GE folks as well as
the bios on us that we sent over.
Could folks let me know how they are getting there tomorrow? They wanted to have
some idea of number of cars. Any questions please call my cell phone number below.
See you tomorrow.
Thanks,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Date: 07/21/2015 3:05 PM (GMT-05:00)
Jay,
I am writing to reconfirm your meeting with us on Thursday, July 30th from 1:30
3:30. The meeting will be held at our GE Guest House, 3135 Easton Turnpike,
Fairfield, CT 06828, and upon going through Security and obtaining badges you will
be directed to the Guest House and parking. I will be present at the Guest House entry
upon the teams arrival to guide folks to the meeting.
I would also ask that the team contact me when they are approx. 10 mins. out. My cell
is
Thank you,
Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828

Jay,



Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828
<Matthew_G_Cribbins.pdf>
<Laurie Bevier bio.doc>
<Pereira Outside Bio with photo.pdf>
<Cavanaugh bio 2015.doc>
<May Bio 1-2015.doc>
<Wills Bio July 2015.doc>
<CDrumgoole Bio - GE Chief Operating Officer 04102015tr (2).pdf>
<Klee Bio.docx>
<Commonwealth of Massachusetts bios.pdf>
From:
To:
Cc:
Subject:
Date:
Attachments:

Kirk, Carolyn (EOHED)
(EOHED)
Project Project.pptx
- Nam/Maria
- Mike
- Mark
slide number:
1-12 Jay
13-15 Mark
16 Carolyn
17-18 Mike
19-27 Jay
28-29 Mike
30-32 Carolyn
33-34 Jay
Mike

Sent from my iPhone
See you tomorrow.
Thanks,
Mike
Mike Kennealy

Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Date: 07/21/2015 3:05 PM (GMT-05:00)
Jay,
is 2
Thank you,
Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828

Jay,



Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828
<Klee Bio.docx>
Massachusetts - A great place to:
Work - Record job levels, national and international

leadership in high growth sectors, a culture of innovation &
entrepreneurship, strong anchor industries, a highly
functioning ecosystem, and ample connections to the world.
Live - Prospering communities, #1 in K-12 public education,

top private high schools and universities, world class health
care, and great culture.
Play - Museums, theatres, history, sports, concerts, beaches,

shopping, restaurants, hiking trails, and festivals & fairs.
The Massachusetts Story
Establish two great education institutions and wait 200 years! Governor Baker.
Jokes aside, Harvard & MIT, and BC, BU, NU, WPI, Holy Cross, Amherst, Williams,
Brandeis, Clark, Bentley, UMASS and the 140 colleges and universities have resulted
in Massachusetts being a highly educated state.
Education, R&D, and technology transfers have enhanced a culture of innovation

and entrepreneurship.
Strong existing companies, with great leadership and local commitment, have been
bolstered by emerging and high growth sectors, often in a big city/small town way.
Technology and Life Sciences have driven Boston and Cambridge economies to be
arguably the most successful and innovative communities.
Success attracts success, and companies, new and old, and residents, are feeding
off of each other and fueling even greater success.
Business, higher ed, institutions, philanthropy, non-profits, residents and

government are collaborating and advancing individual and common aspirations
and achievements.
The political climate is supportive of and helping to lead the states continuing
prosperity.
2
About Massachusetts
History
Culture
Politics
Business Climate
Population Demographics
Communities
Stability & Growth
Political Environment
US Presidents & Recent

Contenders
Great working relationship

between the big three, and
with the Mayor of Boston.
4 presidents from MA.
Since 1990, the average

Governors term has been
5.5 years.
Democratic state with a

history of republican
governors.
Since 1950, the average

Boston Mayoral term has
been 12.8 years.
Consensus: extended
honeymoon a result of the
triumph of people over
personalities, and policy
over politics.
About the Governor

Governor Charlie Baker has extensive public
and private sector experience.
Cabinet secretary 1992 1998.
Overhauled the state social service system.
Closed a $1 billion deficit while cutting taxes
Helped implement sweeping education reform.
CEO of Harvard Pilgrim Health Care 1999 2009.
Transformed a troubled firm in state receivership

into a national leader.
Values the role of the business community and the

private sector in driving the Commonwealth forward.
Supported by Lt. Gov. Karyn Polito, a former five-term

state legislator who leads the administrations
community engagement efforts.
5
Political Stability
Governor Baker is committed to bipartisanship, political
cooperation, and problem-solving.
Assembled a cabinet from across the political spectrum.
Engages in regular, open dialogue with legislative leadership.
Secured a transit agency control board, and significant costcutting concessions, from the Democrat-controlled Legislature.
Results-oriented leadership has yielded a 69/10 statewide
favorable/unfavorable rating.
Governor is focused on Massachusetts I am never running for
president.
Fiscal Stability
Closed a $1.8 billion FY16 budget deficit without raising taxes or
fees and, for the first time in four years, without drawing down
the states rainy day fund.
The Governors budget ensures state spending will grow slower
than tax collections.
The Governor and legislative leadership are committed to
holding the line on taxes.
Rainy day fund balance currently exceeds $1.1 billion.
Most recent general obligation bond ratings:
Fitch: AA+
Moodys: Aa1
S&P: AA+
7
Executive Office of
Housing and Economic Development
Led by Secretary Jay Ash, who led the city of
Chelsea to record economic and job growth.
Directs housing, community and business
development, job creation, consumer
affairs, banking, insurance, and business
regulation efforts in the Commonwealth.
Administers the Commonwealths economic
incentive programs.
Oversees quasi-public agencies and other
initiatives that support business
development efforts in technology, life
sciences, manufacturing, financial services,
tourism, and defense.
8
Broad Economic Competitiveness Agenda

The Baker-Polito Administration is advancing a multi-facetted
approach to developing regions and communities by:
Creating strong, vibrant, and capable communities.
Promoting a culture of innovation and entrepreneurship.
Enhancing workforce development and talent retention
efforts.
Supporting key sectors and clusters.
Creating a pro-growth regulatory and business environment.
Delivering housing policies that support economic growth.
MA is the Most Dynamic,

Innovative State
#1 in science & engineering

articles per capita.
#1 on the Milken Institute State

Technology and Science Index.
#1 in life sciences employment per #1 in life sciences, according to GEN

capita, and in % of workforce in
magazine ratings.
science and engineering
#1 in federal expenditures for
occupations.
academic & non-profit R&D level
and growth among leading
#1 in technology transfers.
technology states.
#1 most economically evolved
state, according to the
#1 state for overall competitiveness
Information Technology and
according to the Beacon Hill
Innovation Foundation.
Institute at Suffolk University.
#1 in funding from the National

Institute of Health as % of GDP.
10
#1 in R&D spending as % of GDP and

per capita.
MA is the Most Dynamic,

Innovative State
2nd in venture capital under

management.
2nd in technology patents per

capita.
2nd highest growth in defense

manufacturing and
instrumentation.
2nd in pre-market
biopharmaceutical
notifications.
Greater Boston ranks 2nd in

technology employment
among major US markets.
Massachusetts medical device

industry is 2nd largest in the
US.
4th in new drug approvals.
11
Educated Workforce
Bachelors Degree
Attainment
Massachusetts
More than 140 colleges and universities,

and the highest concentration of higher
education institutions in the US.
10 in top 100.
38.2%
Colorado
35.9%
Maryland
35.7%
Connecticut
35.6%
New Jersey
34.5%
Half of all Nobel Prize winners in the

United States were educated in
Massachusetts.
#1 in bachelors degrees, at 39.4% of
people over 25.
#1 state in advanced degrees, at 16.8% of
the over 25 population, and 19% of
metro-Boston.
40% of workforce in innovation sectors.
12
A Clearer Code: Regulatory Review

Weve Done it Before
Governors Vision
Promote an ideal regulatory

climate in Massachusetts.
Ensure that there is a clearly

identified need for
governmental intervention.
Ensure the costs of the

regulation do not exceed
the benefits.
Create an efficient,
coherent, and consistent
regulatory framework.
13
First-ever comprehensive
regulatory review took place
in 1996, led by thenSecretary Baker of A&F.
Nearly 20% of the

regulations were rescinded
outright, and only 27%
remained unchanged.
3 out of every 4 pages of

regulations were amended
or rescinded.
Taxes by the Numbers

Massachusetts
Highest
Business Tax
Climate Index
Connecticut
New York
New Jersey
27
State-Local Tax
Burden as a
Share of State
Income
10.30%
11.90%
12.60%
12.30%
Personal
income tax rate
5.15%
6.70%
8.82%
8.97%
Business
income tax rate
8%
9%
7.10%
9%
Capital Gains
Tax
5.20%
6.70%
8.80%
9%
Average
combined
state/local sales
tax rate
6.25%
6.35%
8.48%
6.97%
14
Taxation: Stable and Business-Friendly
Current Programs
Personal income tax rate reduction tied to economic growth.

Department of Revenue is accessible and engaged with the taxpayer community.
Favorable combined reporting rules for in-state businesses.
Recent enactment of market-based sourcing of all sales (for purposes of income
apportionment) favors in-state businesses.
Stabilization fund available.
Going Forward
Recent FAS 109 agreement; looking for solutions that work.
Reevaluation of the non-income measure and other regulations that may
discourage investment.
DOR investments in technology and people focused on improving customer service

and information access.
Income tax rate is scheduled to drop to 5.1% in January 2016.
15
Incentives & Programs
Economic Development Incentive Program (EDIP)

Since 2010, EDIP has provided tax credits for 251 expansion and growth projects.
These plan to create 17,716 jobs, retain 47,883 jobs and secure $6.2b in private
investments. EDIP provides for both state and local tax relief.
Research & Development Tax Credit

Massachusetts offers a tax incentive for research and development investment for
both manufacturers and R&D companies.
Workforce Training Fund

The Workforce Training Fund is a state fund financed by Massachusetts employers to
provide applicants with the resources to improve employee skills.
Single Sales Factor

While many states use a three-factor apportionment formula to determine a
manufacturers net income, creating a greater burden for businesses, Massachusetts

only uses a single sales factor apportionment formula.
16
Other Headquarters
26 Fortune 1000 companies in MA, 24 within 40 miles of Boston
Financial
Medical Devices
Life Sciences
17
IT/ Communications
Other
GE in MA (miles from Boston)
Marlborough (31 miles)
North American HQ for life sciences
Westborough (37 miles)
Life Sciences manufacturing
Lynn (11 miles)
Aerospace manufacturing
Boston
Healthcare IT solutions
Watertown (9 miles)
Water division
Burlington (16 miles)

Transportation
Billerica (21 miles)
World HQ for Oil & Gas measurement control

18
Key Locations
Boston:
New Englands economic engine, with areas like the Seaport,

Back Bay, and the Financial District.
Quick airport access and robust public transit infrastructure.

Home to Liberty Mutual, Vertex Pharmaceuticals, Arnold
Advertising, LogMeIn, Putnam Investments, Bain Capital,
Wellington Management, Massachusetts General Hospital.
19
Key Locations
Kendall Square, Cambridge:
The most innovative square mile in the world.

Home to MIT, Google, Microsoft, Amazon, Twitter, Genzyme,
Biogen, Novartis, the Broad Institute, and HubSpot.
Current commercial development pipeline exceeds 5 million
square feet. Strong and development-ready REIT ownership.
MIT has announced plans to invest $1.2b, and create nearly 1

million square feet, 740 apartments for a mix of students and
non-students, and increased retail space.
20
Key Locations, continued
North Point, Cambridge:

Emerging mixed-use neighborhood along the Charles River, minutes from Kendall
Square and downtown Boston.
Located along the new Green Line light rail expansion.
Home to EF Educations headquarters campus. Fully permitted for up to 2 million
square feet of build-to-suit commercial development.
Located near North Station, TD Garden, and the Museum of Science.
Alewife, Cambridge:
Emerging mixed-use
neighborhood with MBTA rail

access, located midway
between Kendall Square and
the Route 128 belt.
Strong and development-ready
REIT ownership.
21

SouthField
Emerging mixed-use masterplanned community of 1,400 acres,
30 minutes south of Boston.
Direct commuter rail access, and
close highway access.
Currently zoned for 2 million
square feet of commercial space.
Assembly Square, Somerville

Regions fastest growing neighborhood along the Mystic River.
45-acre master-developed project will ultimately encompass 2.8 million square feet of
office, 630,000 square feet of retail, and 1,800 apartments.
Direct MBTA rail and highway access, five minutes from Downtown Boston.
Future home to Partners Healthcares headquarters campus.
Available commercial space and development-ready pads.
Future home of Partners Health Care administrative offices.
22

Worcester
Home to companies including Hanover Insurance and
Siemens.
Holds UMass Medical School campus, Worcester
Polytechnic Institute and 13 other area colleges.
Less than an hour drive to Boston. MBTA and regional
public transportation access.
Commercial development pads available in the ongoing
downtown transformation.
Springfield
Home to MassMutual, Baystate Health, and the TechSpring ehealth incubator, as well as
5 colleges.
Future home to MGM Springfield casino and CNR Changchun railway vehicles.
Half-hour drive to Hartford, 90-minute drive to Boston.
Affordable development sites.
23
Boston Logan - Domestic
Boston Logan serves 73 domestic non-stop destinations, including 60 minute flights to

NYC, and 90 minute flights to Washington, DC.
24
Boston Logan - International
Boston Logan serves 46 international, non-stop destinations,

including the shortest US flights to Europe.
25
Public Transportation
MBTA:
Stations in 90 cities and
towns across 7 counties.
Tied for most rail lines in

the US.
7th highest ridership per

mile in the US.
Governor Baker sought

and received authority
for increased control
which will lead to
substantial upgrades.
26
Transportation Assets
11 Airports (in green).
5 Heliports within 20 miles

of Boston (in purple).
Amtrak lines to 10 states

and DC.
Boston ranked #3 most

walkable large city.
#4 most bicycle friendly

state.
139 Hubway bicycle share

stations in Boston/
Cambridge.
27
#1 K-8 Education
#1 state in 4th grade math and reading, and #2 in 4th grade

writing scores.
#1 state in 8th grade

math, #1 in 8th
grade reading, and
#3 in 8th grade
writing scores.
Ranked #1 state in
K-12 achievement
by Education Week.
MA 8th graders rank #2 in world in science achievement.

28
Best High Schools
10 public high
schools (in blue) in
the top 1.5% of US.
7 prep schools (in

green) in the top
20 in US.
3 of the top 10
schools for Ivy
League
acceptance.
All within 30 miles

of Boston.
29
Culture
Arts
Home to the Boston
Boston sports teams have won
Symphony Orchestra- one of

the premier American
orchestras.
nine championships since 2000.
Nations oldest marathon and

worlds largest regatta.
Museums in Boston and
Worcester house works from

ancient Egypt to Gaugain and
Picasso.
Sports:
Emerging Culture:
Houses 10 breweries & 7
distilleries.
Lawn on D: an interactive
experimental outdoor space.
30
Recreation
1500+ miles of coastline

including 1 national seashore
Cape Cod beaches consistently rated
among nations best.
Parks:
29 State parks.
78 State forests.
4 wildlife management areas.
1 national park.
31
55 boating clubs.
400 golf courses, including 4
PGA top 100.
Vacation destinations include
the Cape and Islands, the North
Shore, and the Berkshires.
Quality of Life
Forbes ranked
Massachusetts #1 in Quality
of Life in 2014.
Best online job market,

according to Georgetown.
Boston ranked the

healthiest city in the US by
NerdWallet and 9th coolest
city by Forbes.
Fast Company named

Boston one of the top cities
of Tomorrowland for
technology innovation in
the Seaport.
Massachusetts ranked the

safest place to live by
WalletHub.
Health care
2 of the top 6 and hospitals in
the U.S. are in Boston.
17 nationally ranked hospitals

in MA.
Home to the top 5 NIH funded

research hospitals in the US.
32
Closing
Excellent #1 in the economy, education, and more.
Prosperous record job, sector, and investment growth.
Stable in leadership, the economy, and in quality of life.
Happening established and transforming live & play spaces.
Revolutionary no place has a higher functioning ecosystem.
Connected planes, trains, cars, bikes, boats, and feet.
Desirable influx of investment and people say it all.
Good Will bipartisan, no hostility, and bonding.
Collaborative partnerships and networks abound.
Leadership old and new have track records of success.

33
Testimonials
The Massachusetts economy has become the envy of the nation in large part because of
the unique collaborative relationship that exists among employers, the Baker
Administration and the Legislature. These groups dont agree on every issue, but share a
fundamental understanding that a healthy and predictable business climate enables the
private sector to create economic opportunities for the citizens of Massachusetts. Rick
Lord, Associated Industries of Massachusetts
No games. No politics. No drama. Just governing, leadership, and getting things done.
JD Chesloff, Massachusetts Business Roundtable
We know from experience how fortunate the Commonwealth is to have Charlie Baker as
its Governor. Charlie has the experience, talent and proven leadership skills to work
effectively with job creators and the Legislature to expand the states economy by
championing policies that build on our strengths and address our competitive challenges
head on. Christopher Anderson, Massachusetts High Tech Council
Massachusetts is a great place to do business, and one of the primary reasons is the
collaborative relationship between state leaders and our business community. We work
together on issues, we respond to challenges quickly, and were always looking for ways
to promote more growth and more opportunity. Jim Rooney, Greater Boston Chamber
of Commerce
34
From:
To:
Cc:
Subject:
Date:

Distefano, Maria (MOBD)
Pham, Nam (EOHED)
Thanks Maria. I copied Nam here - could I suggest that you guys ride together? I know that Jay, Carolyn, and Adrian are in one car, you
would be another, I am driving on my own as I have a ton of calls to catch up on, and I assume Mark is driving too - that would make 4
cars going down. Is that OK?
From: Distefano, Maria (MOBD)

Hi Mike, coming from Rockport, so I need to come south anyway. Ill meet you all at
Ashburton in the morning as I heard you all are carpooling.
Thank you for including mewith my being so new, I know this will be a great learning
opportunity for me.
Work cell 617-591-9380

Personal cell
Maria
Maria Nigro Di Stefano

Northeast Regional Director
Massachusetts Office of Business Development
121 Loring Avenue, Suite 110
Salem, MA 01970
maria.g.distefano@state.ma.us
978-745-2387
www.mass.gov/mobd
This communication and any communication incorporated herein, including attachments, may be
subject to public disclosure as a public record, as defined by M. G. L. c. 4, 7, and subject to public
inspection, examination and copying pursuant to M. G. L. c. 66, 10. Any communication with this
agency whether in response to this communication or otherwise may itself be subject to public
inspection and copying pursuant to M. G. L. c. 66, 10, unless protected by statutory exemption.

To: Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>; Kirk, Carolyn (EOHED)
<carolyn.kirk@MassMail.State.MA.US>; Nunnelly, Mark E (DOR) <nunnellym@dor.state.ma.us>;
Pham, Nam (EOHED) <nam.pham@MassMail.State.MA.US>; Distefano, Maria (MOBD)
<maria.g.distefano@MassMail.State.MA.US>; Servetnick, Adrian (EOHED)
Thanks,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Date: 07/21/2015 3:05 PM (GMT-05:00)
Jay,
Thank you,
Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828

Jay,


Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828
From:
To:
Subject:
Date:
Pham, Nam (EOHED)

Kennealy, Michael (EOHED); Ash, Jay (EOHED); Kirk, Carolyn (EOHED); Nunnelly, Mark E (DOR); Pham, Nam
(EOHED); Distefano, Maria (MOBD); Servetnick, Adrian (EOHED)
I'll be driving

Date: 07/29/2015 7:02 PM (GMT-05:00)
To: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>, "Kirk, Carolyn (EOHED)"
<carolyn.kirk@MassMail.State.MA.US>, "Nunnelly, Mark E (DOR)"
Thanks,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Date: 07/21/2015 3:05 PM (GMT-05:00)
Jay,
I would also ask that the team contact me when they are approx. 10 mins. out. My cell is
Thank you,
Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828

Jay,



Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

Mike Kennealy; Ash, Jay (EOHED)
Saturday, July 18, 2015 8:49:35 AM
I certainly have one. How about the two of you?

Should we think of the diversity of our team or is three men ok?
Should we bring a legislator?
-------- Original message -------From: Mike Kennealy <mikekennealy@gmail.com>

Date: 07/18/2015 7:14 AM (GMT-05:00)
On it

To: Mike Kennealy

Hi Jay,
I know its Friday afternoon but I just wanted to touch base with a nudge re bios for attendees.
I just wanted to be sure was on your radar screen for next week many thanks and have a good
weekend!
Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828

Jay,


Karen
Karen Kulish

O: 203 373-2575
C:

Fairfield, CT 06828
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

"Mike Kennealy"
Tuesday, July 14, 2015 8:29:00 AM
Well talk. In terms of the presentation, you should coordinate with Nams assistance, on this one.
From: Mike Kennealy [mailto:mikekennealy@gmail.com]

Let me think about that Jay maybe other secretariats? Govs office? I guess it depends on agenda
and what their big issues are have they sent an agenda for the meeting? And is Nam or someone
from MOBD working on a presentation? Ill get this going if not.

To: Mike Kennealy
Youre the one coordinating this. You, me and Nam anyone else?

Jay,


Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

"Kulish, Karen (GE, Corporate)"
Monday, July 13, 2015 7:19:00 PM
Awesome!
Joining me so far will be
Mike Kennealy Assistant Secretary for Business Growth

Nam Pham Assistant Secretary for Business Development

Jay,


Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828
From:
To:
Cc:
Subject:
Date:

Kennealy, Michael (EOHED); Roberti, Scott (GE, Corporate)
Ash, Jay (EOHED); John Barros; Frazier, Ricks (EOHED); Cosco, Jonathan (EOHED)
RE: Memo on incentives
Thanks, Mike. Got here in just enough time for me to read it before I needed to describe it.
Amy Eisenstadt
State Tax Counsel
(cell)
From: Kennealy, Michael (EOHED) [mailto:Michael.kennealy@MassMail.State.MA.US]

To: Roberti, Scott (GE, Corporate); Eisenstadt, Amy (GE, Corporate)
Cc: Ash, Jay (EOHED); John Barros; Frazier, Ricks (EOHED); Cosco, Jonathan (EOHED)
Subject: Memo on incentives
Scott, Amy,
Please see attached looking forward to discussing further.
Best,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Subject:
Date:

Frazier, Ricks (EOHED); Ash, Jay (EOHED)
RE: MLSC
We can do a multi-year award. Not open now is their/our decision they have the appropriation.
Im more troubled by a huge award that would break precedent, especially when ~80% of the jobs
are not directly life sciences, but obviously well proceed on this if we have to.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>; Ash, Jay (EOHED)
Subject: RE: MLSC
Ricks

To: Ash, Jay (EOHED); Frazier, Ricks (EOHED)
Subject: MLSC
Please see attached only 2 companies with awards over $15 MM, only 4 over $5 MM, only 18 over
$2 MM.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:

RE: need a 2 minute call with you
Monday, December 07, 2015 8:26:00 AM
I have a 9:30 -11am meeting how about 9:15am? Or 11am.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Cc: john.barros@boston.gov
Subject: RE: need a 2 minute call with you
I have an 8:30 that may run a little longer than hour can we do 9:30 to be safe?
Amy Eisenstadt
State Tax Counsel
(cell)

Subject: RE: need a 2 minute call with you
Amy how about 9am?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Subject: need a 2 minute call with you
Let me know what works for you. Tomorrow is fine. Weve ruined enough weekends.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:

John Barros
Sure - I can email her now.

Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Subject: Re: need a 2 minute call with you
Let's suggest a 9am?
On Mon, Dec 7, 2015 at 8:08 AM, Kennealy, Michael (SEA)
> I'm tied up 9:30 -11am but otherwise free - I can email her now and find
> out.
>
> Mike Kennealy
> Office: 617-788-3640
> Cell: 617-634-4762
>
> -----Original Message----> From: John Barros [mailto:john.barros@boston.gov]
> Sent: Monday, December 07, 2015 8:05 AM
> To: Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>
> Subject: Re: need a 2 minute call with you
>
> Mike,
>
> I can be flexible this morning. What works for you?
>
> On Sun, Dec 6, 2015 at 4:17 PM, Eisenstadt, Amy (GE, Corporate)
> <amy.eisenstadt@ge.com> wrote:
>> Let me know what works for you. Tomorrow is fine. Weve ruined
>> enough weekends.
>>
>>
>>
>> Amy Eisenstadt
>>
>> State Tax Counsel
>>
>> General Electric Company
>>
>>
>>
>>
>>
>>
(cell)
>>
>>
>
>
>
> -> John Barros
> t: 617-635-5729
> http://www.cityofboston.gov
>
> http://imagine.boston.gov/
-John Barros
6th Floor, Room 603
t: 617-635-5729
From:
To:
Subject:
Date:

John Barros; Eisenstadt, Amy (GE, Corporate)
We're on now
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Eisenstadt, Amy (GE, Corporate) <amy.eisenstadt@ge.com>
Cc: Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>
Subject: Re: need a 2 minute call with you
I have been on the call but assume we will be trying the 11AM time.
On Mon, Dec 7, 2015 at 8:27 AM, Eisenstadt, Amy (GE, Corporate)
> Lets go with that and hope with the best with 11 as the back up.
>
>
>
> Amy Eisenstadt
>
> State Tax Counsel
>
>
>
>
> 561 784 0332
>
> 203 232 1496 (cell)
>
>
>
> To: Eisenstadt, Amy (GE, Corporate)
>
> Cc: john.barros@boston.gov
> Subject: RE: need a 2 minute call with you
>
>
>
> I have a 9:30 -11am meeting how about 9:15am? Or 11am.
>
>
>
> Mike Kennealy
>
>
>
>
>
> Boston, MA 02108
>
> Office: 617-788-3640
>
> Cell: 617-634-4762
>
>
>
>
> Cc: john.barros@boston.gov
>
>
>
> I have an 8:30 that may run a little longer than hour can we do
> 9:30 to be safe?
>
>
>
> Amy Eisenstadt
>
> State Tax Counsel
>
>
>
>
>
>
>
(cell)
>
>
>
> To: Eisenstadt, Amy (GE, Corporate); john.barros@boston.gov
>
>
>
> Amy how about 9am?
>
>
>
> Mike Kennealy
>
>
>
>
>
> Boston, MA 02108
>
> Office: 617-788-3640
>
> Cell: 617-634-4762
>
>
>
>
> john.barros@boston.gov
> Subject: need a 2 minute call with you
>
>
>
> Let me know what works for you. Tomorrow is fine. Weve ruined
> enough weekends.
>
>
>
> Amy Eisenstadt
>
> State Tax Counsel
>
>
>
>
>
>
>
(cell)
>
>
-John Barros

6th Floor, Room 603
t: 617-635-5729
From:
To:
Cc:
Subject:
Date:
Attachments:
Kersten, Annamarie (MOBD)

Frazier, Ricks (EOHED); Kennealy, Michael (EOHED)
RE: Plum question
Calculating the EDIPC for Leased Real Estate.doc
NEES Cheer Pack EDIP CEP Application - Supplemental - Determination of EDIPC for Operating Lease.xls
There is a way you can value the lease payments to be used as additional private investment. It has
only been done once in the past (because the consultant is the former MOBD Executive Director
and knew about it) and I have one coming to this meeting (same consultant). I am attaching the
unpublished start of a DOR TIR. It has not been completed for some unknown reason. I am
including the Cheerpak spreadsheet where it was used before. The consultant and I worked with
DOR to ensure we were doing it correctly. Ignore the orange highlight in the template. The
consultant was trying to influence what percentage we used. Its up to EACC not him to decide the
percentage.
Annamarie Kersten
EDIP Director
10 Park Plaza, Suite 3730
Boston, MA 02116
Phone: 617-973-8534
Fax: 617-973-8554
annamarie.kersten@state.ma.us

To: Kersten, Annamarie (MOBD)
Cc: Frazier, Ricks (EOHED); Kennealy, Michael (EOHED)
Subject: Plum question
Importance: High
Annamarie Plum is asking about how the credit works if Plum creates the jobs at a location where
the building is constructed by an unrelated third party and then leased by Plum.
___________________________________________
Jonathan M. Cosco
Boston, MA 02114
617-788-3628
Calculating the EDIPC for Leased Real Estate

(Draft For Discussion Only)
Sections 21 to 24, inclusive, of chapter 166 of the Acts of 2009 made significant changes to the tax credit
provided in G.L. c. 62, 6 and G.L. c. 63, 38N, the economic development incentive program credit,
EDIPC (formerly referred to as EOAC, economic opportunity area credit).
The EDIPC provisions were amended to make the credit, to the extent awarded by EACC, available to a
lessee for qualifying real property leased pursuant to an operating lease. St. 2009, c. 166, 21, 23.
Eligibility of the credit for leased real estate applies to projects certified on or after January 1, 2010.
The method used to calculate the credit for leased real estate will be the method set out in Regulation
830 CMR 63.38N.1(6) which provides:
(b) Computation of the Credit for lessee. The lessees credit for tangible
personal property shall be five percent of the lessors adjusted basis for federal
tax purposes at the beginning of the taxable year, multiplied by a fraction, the
numerator of which is the number of days of the taxable year during which the
lessee leases the tangible personal property and the denominator of which is the
number of days remaining in the useful life of such property at the
beginning of the taxable year. Such useful life is the same as that used by the
lessor for depreciation purposes when computing federal income tax liability.
The maximum cumulative credit shall not exceed five percent of the lessors
adjusted basis for federal tax purposes at the beginning of the lease term. The
lessee calculates and claims the credit annually during the term of the lease.
Id. The example below illustrates application of 830 CMR 63.38N.1(6) to leased real property.
Example:
A manufacturing applicant in a Gateway community is proposing a jobs growth project and will lease real
property for 180 days this year. The landlords adjusted basis for federal tax purposes at the beginning of
the taxable year is $3 million. The building has been depreciated for 29 out of 39 years so there are only
10 years of useful life remaining at the beginning of the taxable year.
Assumptions:
The lessor has not previously claimed either an EOAC (EDIPC) or ITC on the property; and
Straight line depreciation method is used.
Adjusted basis at the beginning of the taxable year: $3 million
Period leased during current tax year: 180 days
Useful life remaining at the beginning of the taxable year: 3652 days
Potential EDIP-ITC: 10% [1]
($3 million x 10%) x (180 / 3652) = $14,736
The applicant can take a $14,736 EDIPC during the first year of the project.
Calculation for second and third years of the project, respectively (if so awarded by EACC)
[1]
Under the amendments to G.L. c. 63, 38N, the EACC may award a taxpayer of credit from 1% up
to 40% of the cost of qualifying property.
($2700000 x 10%) x (365/3285) = $30,000

($2400000 x 10%) x (365/2920) = $30,000
Note: The lessors adjusted basis at the beginning of the taxable year and the number of days remaining
in the useful life of the property at the beginning of the taxable decreases each subsequent year.
Cheer Pack North America - Determination of EDIPC Credit for Operating Lease of Real Estate
Beginning Book Value (BV) of the Building and Land (Acquired 2/10/2012) *
Beginning Book Value (BV) of the Building Only (Acquired 2/10/2012) **
Pro Rated Book Value of Leased Portion of Building (BV x 187,500/315,000)
# Days Leasing Building Each Year ***
# Days Remaining in Depreciable Life of Building Assuming 30 Year Life
Operating Lease Tax Credit Basis ****
Operating Lease Tax Credit @ 6%
$7,847,770
$5,203,072
$3,097,066
275
10,950
$77,780
$4,667
$5,072,401
$3,019,286
365
10,675
$103,236
$6,194
$4,898,965
$2,916,051
365
10,310
$103,236
$6,194
$4,725,529
$2,812,815
365
9,945
$103,236
$6,194
$4,552,094
$2,709,580
365
9,580
$103,236
$6,194
$4,378,658
$2,606,344
365
9,215
$103,236
$6,194
$4,205,222
$2,503,108
365
8,850
$103,236
$6,194
$4,031,786
$2,399,873
365
8,485
$103,236
$6,194
$3,858,351
$2,296,637
365
8,120
$103,236
$6,194
$3,684,915
$2,193,402
365
7,755
$103,236
$6,194
$3,511,479
$2,090,166
365
7,390
$103,236
$6,194
* Acquisition Price of $7,600,000 plus financing and acquisition costs of $247,770. The building was purchased on 2/10/2012 by One United LLC, who will be using the $7,847,770 number as the book value basis for their federal tax returns.
** Based on the same percentage breakdown of land (33.7%) and building (66.3%) as the current assessment
*** Operating Lease in year one (2012) begins 4/1/2012. Therefore, there are only 275 days of building lease in year one. All remaining years have a full year (365 days) of building lease.
**** (Pro-Rated Beginning Book Value of Leased Portion of Building) x (# Days Leasing Building Each Year) / (# Days Remaining in Depreciable Life of Building)
$3,338,043
$1,986,931
365
7,025
$103,236
$6,194
$3,164,608
$1,883,695
365
6,660
$103,236
$6,194
$2,991,172
$1,780,460
365
6,295
$103,236
$6,194
$2,817,736
$1,677,224
365
5,930
$103,236
$6,194
$1,523,078
$91,385
From:
To:
Subject:
Date:

RE: Plum: MA Thank you
Hi Karen, here is the address:

Boston, MA 02108
Please be in touch at any time if our team can provide additional
information or answer any questions.
Thanks!
Mike
________________________________________
From: Kulish, Karen (GE, Corporate) [karen.kulish@ge.com]
Sent: Tuesday, August 11, 2015 5:58 PM
Subject: Plum: MA Thank you
Hi Mike,
I have a hard copy of the letter Ann emailed to Secretary Ash and am
writing to ask you to please send the mailing address to me. Sorry for
the delay, as I was out of the office for a couple of days and am just
back in today.
Have a good evening!
Karen
Karen Kulish
O: 203 373-2575
C:
Fairfield, CT 06828
From:
To:
Subject:
Date:
Crystal Torman; John Barros
Re: Plum
John, Crystal FYI - Jennifer Sullivan from A&F will join us on the call.
Mike Kennealy
> On Nov 23, 2015, at 2:30 PM, Crystal Torman <crystal.torman@boston.gov>
wrote:
>
> Hi all,
>
> Please find conference call information below:
>
> Dial-in Number:
>
> Meeting ID:
>
>
> Thanks,
> Crystal
>
>
> Crystal Torman
> Senior Advisor to the Chief
> Mayor's Office of Economic Development
> One City Hall Square, 603
> Boston, MA. 02201
> O: (617) 635-5708
>
>
>
> On Mon, Nov 23, 2015 at 2:23 PM, Eisenstadt, Amy (GE, Corporate)
> <amy.eisenstadt@ge.com> wrote:
>> Will you guys call me or send a call in number? Otherwise I can do it
tonight or tomorrow am.
>>
>>
>> On Nov 23, 2015, at 12:11 PM, John Barros
<john.barros@boston.gov<mailto:john.barros@boston.gov>> wrote:
>>
>> Amy,
>>
>> Michael and I can make ourselves available tomorrow morning before
10:30AM.
>>
>> Does 9:30AM work for you? If not please suggest a time. Thanks.
>>
>> On Mon, Nov 23, 2015 at 8:25 AM, Eisenstadt, Amy (GE, Corporate)
<amy.eisenstadt@ge.com<mailto:amy.eisenstadt@ge.com>> wrote:
>> Tuesday morning. Name a time other than 11.
>>
>> Sent from my iPad

>>
>> On Nov 23, 2015, at 8:24 AM, John Barros
<john.barros@boston.gov<mailto:john.barros@boston.gov><mailto:john.barros@
boston.gov<mailto:john.barros@boston.gov>>> wrote:
>>
>> Amy,
>>
>> Michael and I are glad to figure out some time that would work for a
call. Do you mean a call today when you write "tomorrow morning?"
>>
>> Johh
>>
>> On Mon, Nov 23, 2015 at 7:50 AM, Eisenstadt, Amy (GE, Corporate)
<amy.eisenstadt@ge.com<mailto:amy.eisenstadt@ge.com><mailto:amy.eisenstadt
@ge.com<mailto:amy.eisenstadt@ge.com>>> wrote:
>> Thanks for the submission last night. I have reviewed it and the
regulations for the bond program. I have a number of technical questions
about the program and the proposal. Can we do a call tomorrow morning to
discuss?
>>
>> Sent from my iPad
>>
>>
>>
>> ->> John Barros
>> t: 617-635-5729<tel:617-635-5729>
>>
http://www.cityofboston.gov<https://urldefense.proofpoint.com/v2/url?u=htt
p-3A__www.cityofboston.gov&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrL
rDQYWSI&r=H5UBAcrNVbw8cC-NRciouCFogbdFsBHQaW8Swp0XhoM&m=1uZHClD6TJ9Utqq8My
3GV6rB3HzaVOzBqpzvC34tpjo&s=Yp8Q2FkaDt5VOCPwk7VwK0U6s0RF3AnrXGGa6yjQyZM&e=
><https://urldefense.proofpoint.com/v2/url?u=http-3A__www.cityofboston.gov
&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=H5UBAcrNVbw8cC-N
RciouCFogbdFsBHQaW8Swp0XhoM&m=yeZwLS-2ZvzF_yUvvwNYojMtP8veZ9qUaI_ookgDCKI&
s=cN_PGwsTRHc0I3bRzjbl8vq7xcQF6Aun_D0tRlsohXI&e=>
>>
>>
http://imagine.boston.gov/<https://urldefense.proofpoint.com/v2/url?u=http
-3A__imagine.boston.gov_&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrD
QYWSI&r=H5UBAcrNVbw8cC-NRciouCFogbdFsBHQaW8Swp0XhoM&m=1uZHClD6TJ9Utqq8My3G
V6rB3HzaVOzBqpzvC34tpjo&s=P8mngFNGSQ-ikKcF-ksivLmgchQU2UQ_UGwN65Ddnh4&e=><
https://urldefense.proofpoint.com/v2/url?u=http-3A__imagine.boston.gov_&d=
CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrDQYWSI&r=H5UBAcrNVbw8cC-NRci
ouCFogbdFsBHQaW8Swp0XhoM&m=yeZwLS-2ZvzF_yUvvwNYojMtP8veZ9qUaI_ookgDCKI&s=D
EmswgJBMCfMzTbh8Bm7W3VEnXvZMRclqCoEmU7WvjI&e=>
>>
>>
>>
>>
>>
>> ->> John Barros

>> t: 617-635-5729
>>
http://www.cityofboston.gov<https://urldefense.proofpoint.com/v2/url?u=htt
p-3A__www.cityofboston.gov&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrL
rDQYWSI&r=H5UBAcrNVbw8cC-NRciouCFogbdFsBHQaW8Swp0XhoM&m=1uZHClD6TJ9Utqq8My
3GV6rB3HzaVOzBqpzvC34tpjo&s=Yp8Q2FkaDt5VOCPwk7VwK0U6s0RF3AnrXGGa6yjQyZM&e=
>
>>
>>
http://imagine.boston.gov/<https://urldefense.proofpoint.com/v2/url?u=http
-3A__imagine.boston.gov_&d=CwMFaQ&c=IV_clAzoPDE253xZdHuilRgztyh_RiV3wUrLrD
QYWSI&r=H5UBAcrNVbw8cC-NRciouCFogbdFsBHQaW8Swp0XhoM&m=1uZHClD6TJ9Utqq8My3G
V6rB3HzaVOzBqpzvC34tpjo&s=P8mngFNGSQ-ikKcF-ksivLmgchQU2UQ_UGwN65Ddnh4&e=>
>>
>>
From:
To:
Cc:
Subject:
Date:

Kelleher, Michael (GOV)
Weikel, Adam (GOV); Zarrella, Lily (GOV); Ash, Jay (EOHED); Kennealy, Michael (EOHED); Kirk, Carolyn (EOHED)
Re: Presentation on why Boston!
Michael--I just left on your chair some edits from Jen Sullivan. Let's shoot to get this out to
GE tomorrow! Thx. Steve
Sent from my iPhone
Thanks, Steve.
I will work on these initial additions/suggestions this evening.
Michael

To: Kelleher, Michael (GOV); Weikel, Adam (GOV); Zarrella, Lily (GOV)
Cc: Ash, Jay (EOHED); Kennealy, Michael (EOHED); Kirk, Carolyn (EOHED)
Subject: FW: Presentation on why Boston!
Thx!
Steve
___________________________
p.13: please add Boston University. I think that they are ranked about the same as
Northeastern.
Yes, will do. BU is #41
p.18: drop the chart at the bottom as the stats presented could be interpreted in a
number of ways.
Will do.
Will need to double check sources.
p.20: is slide about who has moved here recently or expanded? Thats how I think it
should be titled. I would add Novartis and its enormous new campus in Cambridge,
the new Vertex facilities in the Seaport along with others who have moved to the
Seaport, Siemens has a major expansion in Walpole, BASF has a major
facility/expansion in Worcester. (Mike Kennealy, Jay Ash, Carolyn can you please
help out here?)
Will work with Secretary Ash, Mike and Carol

Done
p.23: Please include Lincoln Labs and add a slide that has some of the centers at
Northeastern, BU, Tuftsespecially NU. This may be an additional slide?
Will make additional slide and add those organizations
p.26: This is interesting! What do you mean when you indicate GE under the
innovations?
Ok, wasnt sure this would be a good slide. I tried to tie academic breakthroughs, so I
linked the invention or emerging technology with what line of business then would
have impacted this is an indirect connection. I can tighten up, if you like the concept.
Yes, will do.
p.28: Please do the same for the innovation centers you mentioned internationally?
Are there any direct flights to South America???
Yes, will do. I confirmed there are no direct flights from Boston to South America.

To:
; Ash, Jay (EOHED); Polito, Karyn (GOV); Lepore, Kristen (ANF); Sullivan,
Jennifer F. (ANF); Povich, Lon (GOV); Kennealy, Michael (EOHED); Peyser, Jim (EOE);
Reale, Ann (EOE); Tom Glynn; Morse, Elizabeth; jdoolin@massport.com; Conroy, Jim
(GOV); Buckley, Timothy (GOV)
Attached is terrific presentation on Why Boston/The War for Talent as it relates to the
Boston project.
And I want to especially thank our newest member of the Cabinet Relations team
Michael Keller, along with support from Lily and Adam to put this presentation
together.

Best,
Steve

Steve,
Please see attached for your review a draft slide deck for discussions with GE. You will
find herein 30 slides (25 or so with real content). I am not 100% sure the length of
time that is available but these are the slides I would present as the most compelling
for why Boston?
Thanks,
Michael

Impressive!
More ideas:
1. Please take a look at the GE website
and other sources to see about themes, and other info that may be relevant. I
am hearing on their ads that GE is your industrial and tech company. For
example, the health group and the energy group (Current) are or will be
locating here. What are the other parts of GE that would find the MA
ecosystem attractive?
2. I am hearing that Massachusetts is a
leader in robotics and industrial design. Can you find out more and present
how this would be attractive to GE?
3. There are some more War on Talent
slides that Adam would have.
4. Can you check on where the top firms
go for their recruitment?
5. Please develop a list of the various
institutes on health, tech, innovation, engineering, etc. Please check the
university websites. Broad, MITs Center for the Brain, etc.
Good stuff!

Steve,
Attached are some slides Lily and I put together in the last day or so for your review
and comment. I will look into your questions below re: total # of engineers and
scientist going to school in the Boston area. The slides attached do not have that data
but I will dig up tomorrow.

Michael


-work in the area and a comparative % of the total in the US, World, or whatever
makes sense
Total # of engineers and scientists going to school in the Boston metro area and
how many graduate each year and what % that may be of the total in the US
More to come!
Great!!
Sent from my iPhone

Steve,
Thanks for the additional guidance for the war on talent materials. Lily
and I were able to add a few slides based on previous direction you and
Adam provided. We are going to plow through the list of additional items
(as outlined below, assigned to Lily or myself) and will send you a revised
PPT later this evening/first thing tomorrow for your review and additional
edits.

# of international students going to school in Boston, what
specialties - mk
List of GE locations around the country/world and an indication of
how many of their leaders went to school here mk
# of international patients traveling to Boston AMCs to receive care
mk
Insert language from innovation one pager that HED put together Lily
List of all the bio tech, IT, pharma, etc firms that have determined to
locate, grow here in the last few years. (Vertex, Shire, Novartis, Pfizer,
Siemens...and all the small firms) - HED
Locations of all the company's national and international locations
with a map showing flights from Logan - Massport
Thanks,
Michael

Ok for you to add more slides on the war on talent idea. I am
remembering a pretty rich set of them that we cut back on in later

versions. More to review/include is better now.

# of international students going to school in Boston, and if possible in
what specialties? I remember lists that would show this.
List of GE locations around the country/world and an indication of how

many of their leaders went to school here?
Sent from my iPhone

>
> Great!
> I added a few slides overnight and brought Michael into the loop this
morning.
> He will keep building and send us something revised this afternoon. He
is also able to help and edit over the weekend.
>
>
>
>
> Not a problem!
> Please think if this is something to assign to Michael. It may be good to
see what he can do with something like this!!
>
>
>>
>>
>> I know this is an important assignment and I feel guilty responding with
an excuse. I'm usually all over these kinds of assignments, but we are
driving to North Carolina on Saturday/Sunday for a week with the family.
>> I can find a couple more hours to work on it Friday but I just don't think
I can do any major work by Monday.
>>
>> I will review the info from Sec Ash to see what I can incorporate and I'll
try to add a couple more slides to fill-in the story.
>>
>> -Adam
>>
>>
>>
>> Wow!
>>
>> We just got the word that rather than making a decision this week,
that they will not make a decision until mid-January.
>>
>>
>>
>>
>>
>>
>>
>>
>> Thx.
>>
From:
To:
Cc:
Subject:
Date:

Kelleher, Michael (GOV)
Kadish, Steven (GOV); Weikel, Adam (GOV); Zarrella, Lily (GOV); Ash, Jay (EOHED); Kirk, Carolyn (EOHED)
On slide 20 would also add:

IBM digital health
Shire
GE Health (if this fits thematically for a presentation to them)
Mike Kennealy
Thanks, Steve.
Michael

Thx!
Steve
___________________________
p.13: please add Boston University. I think that they are ranked about the same as
Northeastern.
p.18: drop the chart at the bottom as the stats presented could be interpreted in a
number of ways.
Will do.
p.20: is slide about who has moved here recently or expanded? Thats how I think it
should be titled. I would add Novartis and its enormous new campus in Cambridge,
the new Vertex facilities in the Seaport along with others who have moved to the
Seaport, Siemens has a major expansion in Walpole, BASF has a major

facility/expansion in Worcester. (Mike Kennealy, Jay Ash, Carolyn can you please
help out here?)

Done
p.23: Please include Lincoln Labs and add a slide that has some of the centers at
Northeastern, BU, Tuftsespecially NU. This may be an additional slide?
p.26: This is interesting! What do you mean when you indicate GE under the
innovations?
Ok, wasnt sure this would be a good slide. I tried to tie academic breakthroughs, so I
linked the invention or emerging technology with what line of business then would
have impacted this is an indirect connection. I can tighten up, if you like the concept.
Yes, will do.
p.28: Please do the same for the innovation centers you mentioned internationally?
Are there any direct flights to South America???
Yes, will do. I confirmed there are no direct flights from Boston to South America.

To:
Ash, Jay (EOHED); Polito, Karyn (GOV); Lepore, Kristen (ANF); Sullivan,
Jennifer F. (ANF); Povich, Lon (GOV); Kennealy, Michael (EOHED); Peyser, Jim (EOE);
Reale, Ann (EOE); Tom Glynn; Morse, Elizabeth; jdoolin@massport.com; Conroy, Jim
(GOV); Buckley, Timothy (GOV)
Attached is terrific presentation on Why Boston/The War for Talent as it relates to the
Boston project.
And I want to especially thank our newest member of the Cabinet Relations team
Michael Keller, along with support from Lily and Adam to put this presentation
together.

Best,
Steve

Steve,
Please see attached for your review a draft slide deck for discussions with GE. You will
find herein 30 slides (25 or so with real content). I am not 100% sure the length of
time that is available but these are the slides I would present as the most compelling
for why Boston?
Thanks,
Michael

Impressive!
More ideas:
1. Please take a look at the GE website
and other sources to see about themes, and other info that may be relevant. I
am hearing on their ads that GE is your industrial and tech company. For
example, the health group and the energy group (Current) are or will be
locating here. What are the other parts of GE that would find the MA
ecosystem attractive?
2. I am hearing that Massachusetts is a
leader in robotics and industrial design. Can you find out more and present
how this would be attractive to GE?
3. There are some more War on Talent
slides that Adam would have.
4. Can you check on where the top firms
go for their recruitment?
5. Please develop a list of the various
institutes on health, tech, innovation, engineering, etc. Please check the
university websites. Broad, MITs Center for the Brain, etc.
Good stuff!

Steve,
Attached are some slides Lily and I put together in the last day or so for your review
and comment. I will look into your questions below re: total # of engineers and
scientist going to school in the Boston area. The slides attached do not have that data
but I will dig up tomorrow.

Michael


-work in the area and a comparative % of the total in the US, World, or whatever
makes sense
Total # of engineers and scientists going to school in the Boston metro area and
how many graduate each year and what % that may be of the total in the US
More to come!
Great!!
Sent from my iPhone

Steve,
(as outlined below, assigned to Lily or myself) and will send you a revised
PPT later this evening/first thing tomorrow for your review and additional
edits.

specialties - mk
# of international patients traveling to Boston AMCs to receive care
mk
List of all the bio tech, IT, pharma, etc firms that have determined to
locate, grow here in the last few years. (Vertex, Shire, Novartis, Pfizer,
Siemens...and all the small firms) - HED
Locations of all the company's national and international locations
with a map showing flights from Logan - Massport
Thanks,
Michael


Ok for you to add more slides on the war on talent idea. I am


Sent from my iPhone

>
> Great!
morning.
>
>
>
>
> Not a problem!
> Please think if this is something to assign to Michael. It may be good to
see what he can do with something like this!!
>
>
>>
>>
>> I know this is an important assignment and I feel guilty responding with
an excuse. I'm usually all over these kinds of assignments, but we are
driving to North Carolina on Saturday/Sunday for a week with the family.
>> I can find a couple more hours to work on it Friday but I just don't think
I can do any major work by Monday.
>>
>> I will review the info from Sec Ash to see what I can incorporate and I'll
try to add a couple more slides to fill-in the story.
>>
>> -Adam
>>
>>
>>
>> Wow!
>>
>> We just got the word that rather than making a decision this week,
>>
>>
>>
>>
>>
>>
>>
>>
>> Thx.
>>
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

Kadish, Steven (GOV); Kelleher, Michael (GOV); Weikel, Adam (GOV); Zarrella, Lily (GOV)
RE: Presentation on why Boston!
AstraZeneca
In continuing to build on our commitment to collaborate through meaningful
partnerships to drive scientific progress forward, AstraZeneca was joined by
Massachusetts officials last week (early this past fall) to officially launch the
Gatehouse Park BioHub in Waltham, MA. The Gatehouse Park BioHub will be one of
the largest and most dynamic life-science research biohubs in the region, with more
than 700 scientists and research and development (R&D) experts on-site by the end
of 2015. Six companies are sharing the facilities, with two more expected to join
before the end of the year.
Mike will send more. Siemens has committed but not be finalized (could comment that there is a
commitment for a 700 person, $325m expansion just south of Boston in the life sciences.)

Thx!
Steve
___________________________
p.13: please add Boston University. I think that they are ranked about the same as Northeastern.
p.18: drop the chart at the bottom as the stats presented could be interpreted in a number of ways.
p.20: is slide about who has moved here recently or expanded? Thats how I think it should be
titled. I would add Novartis and its enormous new campus in Cambridge, the new Vertex facilities in
the Seaport along with others who have moved to the Seaport, Siemens has a major expansion in
Walpole, BASF has a major facility/expansion in Worcester. (Mike Kennealy, Jay Ash, Carolyn can
you please help out here?)
p.23: Please include Lincoln Labs and add a slide that has some of the centers at Northeastern, BU,
Tuftsespecially NU. This may be an additional slide?
p.26: This is interesting! What do you mean when you indicate GE under the innovations?
p.28: Please do the same for the innovation centers you mentioned internationally? Are there any
direct flights to South America???

To:
; Ash, Jay (EOHED); Polito, Karyn (GOV); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF);
Povich, Lon (GOV); Kennealy, Michael (EOHED); Peyser, Jim (EOE); Reale, Ann (EOE); Tom Glynn;
Morse, Elizabeth; jdoolin@massport.com; Conroy, Jim (GOV); Buckley, Timothy (GOV)
Attached is terrific presentation on Why Boston/The War for Talent as it relates to the Boston
project.
And I want to especially thank our newest member of the Cabinet Relations team Michael Keller,
along with support from Lily and Adam to put this presentation together.

Best,
Steve

Steve,
Please see attached for your review a draft slide deck for discussions with GE. You will find herein 30
slides (25 or so with real content). I am not 100% sure the length of time that is available but these
are the slides I would present as the most compelling for why Boston?
Thanks,
Michael

Impressive!
More ideas:
1. Please take a look at the GE website and other sources to see about themes, and other info
that may be relevant. I am hearing on their ads that GE is your industrial and tech
company. For example, the health group and the energy group (Current) are or will be
locating here. What are the other parts of GE that would find the MA ecosystem attractive?
2. I am hearing that Massachusetts is a leader in robotics and industrial design. Can you find
out more and present how this would be attractive to GE?
3. There are some more War on Talent slides that Adam would have.
4. Can you check on where the top firms go for their recruitment?
5. Please develop a list of the various institutes on health, tech, innovation, engineering, etc.
Please check the university websites. Broad, MITs Center for the Brain, etc.
Good stuff!

Steve,
Attached are some slides Lily and I put together in the last day or so for your review and comment. I
will look into your questions below re: total # of engineers and scientist going to school in the
Boston area. The slides attached do not have that data but I will dig up tomorrow.

Michael


-work in the area and a comparative % of the total in the US, World, or whatever makes sense
Total # of engineers and scientists going to school in the Boston metro area and how many
graduate each year and what % that may be of the total in the US
More to come!
Great!!
Sent from my iPhone
Steve,
Thanks for the additional guidance for the war on talent materials. Lily and I were able
to add a few slides based on previous direction you and Adam provided. We are going
to plow through the list of additional items (as outlined below, assigned to Lily or
myself) and will send you a revised PPT later this evening/first thing tomorrow for your
review and additional edits.

# of international students going to school in Boston, what specialties - mk
List of GE locations around the country/world and an indication of how many of
their leaders went to school here mk
# of international patients traveling to Boston AMCs to receive care mk
Insert language from innovation one pager that HED put together - Lily
List of all the bio tech, IT, pharma, etc firms that have determined to locate, grow
here in the last few years. (Vertex, Shire, Novartis, Pfizer, Siemens...and all the small
firms) - HED
Locations of all the company's national and international locations with a map
showing flights from Logan - Massport
Thanks,
Michael

Ok for you to add more slides on the war on talent idea. I am remembering a pretty
rich set of them that we cut back on in later versions. More to review/include is better
now.

# of international students going to school in Boston, and if possible in what
specialties? I remember lists that would show this.
List of GE locations around the country/world and an indication of how many of their
leaders went to school here?
Sent from my iPhone

>
> Great!
> I added a few slides overnight and brought Michael into the loop this morning.
> He will keep building and send us something revised this afternoon. He is also able to
help and edit over the weekend.
>
>
>
>
> Not a problem!
> Please think if this is something to assign to Michael. It may be good to see what he
can do with something like this!!
>
>
>>
>>
>> I know this is an important assignment and I feel guilty responding with an excuse.
I'm usually all over these kinds of assignments, but we are driving to North Carolina on
Saturday/Sunday for a week with the family.
>> I can find a couple more hours to work on it Friday but I just don't think I can do any
major work by Monday.
>>
>> I will review the info from Sec Ash to see what I can incorporate and I'll try to add a
couple more slides to fill-in the story.
>>
>> -Adam
>>
>>
>>
>> Wow!
>>
>> We just got the word that rather than making a decision this week, that they will not
make a decision until mid-January.
>>
>>
>>
>>
>>
>>
>>
>>
>> Thx.
>>
From:
To:
Cc:
Subject:
Date:
GOV Email

Ash, Jay (EOHED); Polito, Karyn (GOV); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF); Povich, Lon (GOV);
Kennealy, Michael (EOHED); Peyser, Jim (EOE); Reale, Ann (EOE); Tom Glynn; Morse, Elizabeth;
jdoolin@massport.com; Conroy, Jim (GOV); Buckley, Timothy (GOV); Kelleher, Michael (GOV); Zarrella, Lily
(GOV); Weikel, Adam (GOV)
This is a great piece of work. Needs a highlight page or two up front tons of really great facts imbedded in the whole thing.
Sent from my iPhone
> On Dec 23, 2015, at 3:27 PM, Kadish, Steven (GOV)
>
> Governor, Lt. Governor and colleagues:
>
> Attached is terrific presentation on Why Boston/The War for Talent as it
relates to the Boston project.
> I want to thank those that have provided the source information.
> And I want to especially thank our newest member of the Cabinet
Relations team Michael Keller, along with support from Lily and Adam
to put this presentation together.
>
> Comments, edits, further additions welcome.
> Please share your thoughts with Michael, Adam, Lily and me.
>
> I will share this now with the folks from the City.
>
> Best,
> Steve
>
> From: Kelleher, Michael (GOV)
> Sent: Wednesday, December 23, 2015 12:47 PM
> Cc: Zarrella, Lily (GOV); Weikel, Adam (GOV)
> Subject: RE: draft for your review
>
> Steve,
>
> Please see attached for your review a draft slide deck for discussions
with GE. You will find herein 30 slides (25 or so with real content). I
am not 100% sure the length of time that is available but these are the
slides I would present as the most compelling for why Boston?
>
> I am around all day if you want to discuss further or have specific
edits/suggestions.
>
> Look forward to your feedback.
>
> Thanks,
> Michael
>

> To: Kelleher, Michael (GOV); Zarrella, Lily (GOV); Weikel, Adam (GOV)
> Subject: FW: Any idea of timing for War on Talent materials?
>
> Impressive!
> And very much on the right track.
>
> More ideas:
>
> 1. Please take a look at the GE website and other sources to see
about themes, and other info that may be relevant. I am hearing on their
ads that GE is your industrial and tech company. For example, the health
group and the energy group (Current) are or will be locating here. What
are the other parts of GE that would find the MA ecosystem attractive?
>
> 2. I am hearing that Massachusetts is a leader in robotics and
industrial design. Can you find out more and present how this would be
attractive to GE?
>
> 3. There are some more War on Talent slides that Adam would have.
>
> 4. Can you check on where the top firms go for their recruitment?
>
> 5. Please develop a list of the various institutes on health,
tech, innovation, engineering, etc. Please check the university websites.
Broad, MITs Center for the Brain, etc.
>
> Good stuff!
> I will provide more feedback, but please keep going.
>
> From: Kelleher, Michael (GOV)
> Sent: Saturday, December 19, 2015 10:49 PM
> Subject: RE: Any idea of timing for War on Talent materials?
>
> Steve,
>
> Attached are some slides Lily and I put together in the last day or so
for your review and comment. I will look into your questions below re:
total # of engineers and scientist going to school in the Boston area.
The slides attached do not have that data but I will dig up tomorrow.
>
> Look forward to your review and guidance,
> Michael
>
> Sent: Friday, December 18, 2015 6:28 PM
> To: Kelleher, Michael (GOV)
>
>
> If you aren't already, please look at US News and World Report.
>
>
>
> Can you also research the # of scientists, engineers who:

>
> -work in the area and a comparative % of the total in the US, World, or
whatever makes sense
>
> -were educated in the area
>
>
>
> Total # of engineers and scientists going to school in the Boston metro
area and how many graduate each year and what % that may be of the total
in the US
>
>
>
> More to come!
>
> ________________________________
> To: Kelleher, Michael (GOV)
>
> Great!!
>
>
> On Dec 18, 2015, at 4:14 PM, Kelleher, Michael (GOV)
<Michael.Kelleher@MassMail.State.MA.US<mailto:Michael.Kelleher@MassMail.St
ate.MA.US>> wrote:
> Steve,
>
> Thanks for the additional guidance for the war on talent materials.
Lily and I were able to add a few slides based on previous direction you
and Adam provided. We are going to plow through the list of additional
items (as outlined below, assigned to Lily or myself) and will send you a
revised PPT later this evening/first thing tomorrow for your review and
additional edits.
>
> list of universities in the top 50 - mk
> list of the top colleges - mk
> Top 10 engineering schools - mk
> Top Schools for Innovation in the United States- mk
> Top schools or departments for the sciences - mk
> # of international students going to school in Boston, what
specialties - mk
> Top academic medical centers - mk
> List of GE locations around the country/world and an indication
of how many of their leaders went to school here mk
> # of international patients traveling to Boston AMCs to receive
care mk
> Insert language from innovation one pager that HED put together
- Lily
> List of all the bio tech, IT, pharma, etc firms that have
determined to locate, grow here in the last few years. (Vertex, Shire,
Novartis, Pfizer, Siemens...and all the small firms) - HED
> Locations of all the company's national and international

locations with a map showing flights from Logan - Massport
>
> Thanks,
> Michael
>
> Cc: Kelleher, Michael (GOV); Zarrella, Lily (GOV)
>
> Adam, Michael, Lily,
>
> Ok for you to add more slides on the war on talent idea. I am
>
> Include a list of universities in the top 50? Also a list of the top
colleges?
>
> Top 10 engineering schools?
> Top schools for innovation?
> Top schools or departments for the sciences?
> # of international students going to school in Boston, and if possible
in what specialties? I remember lists that would show this.
>
> Top academic medical centers?
>
> Include information where the top firms go to recruit talent?
>
> List of GE locations around the country/world and an indication of how
>
> ...you get the idea!!
>
>
>> On Dec 18, 2015, at 8:29 AM, Weikel, Adam (GOV)
<adam.weikel@MassMail.State.MA.US<mailto:adam.weikel@MassMail.State.MA.US>
> wrote:
>>
>> Great!
>> I added a few slides overnight and brought Michael into the loop this
morning.
>> He will keep building and send us something revised this afternoon. He
>>
>>
>>
>> Sent: Friday, December 18, 2015 6:46 AM
>> Subject: Re: Any idea of timing for War on Talent materials?
>>
>> Not a problem!

>> We may have more time and I will let you know.
>> Please think if this is something to assign to Michael. It may be good
to see what he can do with something like this!!
>>
>>
>>> On Dec 17, 2015, at 9:55 PM, Weikel, Adam (GOV)
> wrote:
>>>
>>> Thanks Steve. Good to hear we have a little more time.
>>>
>>> I know this is an important assignment and I feel guilty responding
with an excuse. I'm usually all over these kinds of assignments, but we
are driving to North Carolina on Saturday/Sunday for a week with the
family.
>>> I can find a couple more hours to work on it Friday but I just don't
think I can do any major work by Monday.
>>>
>>> I will review the info from Sec Ash to see what I can incorporate and
I'll try to add a couple more slides to fill-in the story.
>>>
>>> I hope this isn't a huge problem.
>>> -Adam
>>>
>>>
>>> -----Original Message---->>> From: Kadish, Steven (GOV)
>>> Sent: Thursday, December 17, 2015 6:19 PM
>>> To: Weikel, Adam (GOV)
>>> Subject: RE: Any idea of timing for War on Talent materials?
>>>
>>> Wow!
>>> This is terrific!
>>>
>>> We just got the word that rather than making a decision this week,
>>> So both the good and bad news is that we have more time.
>>>
>>> With this in mind, what further would you do by Monday?
>>>
>>> -----Original Message---->>> From: Weikel, Adam (GOV)
>>> Subject: RE: Any idea of timing for War on Talent materials?
>>>
>>> I'm sorry it is so late.
>>> We only had a 20 min break midday and 10 minutes in the afternoon.
>>> Attached is what I came up with
>>>
>>>
>>>
>>>
>>> -----Original Message---->>> From: Kadish, Steven (GOV)

>>> To: Weikel, Adam (GOV)
>>> Subject: Any idea of timing for War on Talent materials?
>>>
>>> Thx.
>>>
>
> <MA talent_slides draft1.pptx>
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

Kennealy, Michael (EOHED); Kelleher, Michael (GOV)
Kadish, Steven (GOV); Weikel, Adam (GOV); Kirk, Carolyn (EOHED)
RE: Presentation on why Boston!
IBM a biggie - good catch!

________________________________________
Cc: Kadish, Steven (GOV); Weikel, Adam (GOV); Zarrella, Lily (GOV); Ash,
Jay (EOHED); Kirk, Carolyn (EOHED)
Subject: Re: Presentation on why Boston!
On slide 20 would also add:
IBM digital health
Shire
GE Health (if this fits thematically for a presentation to them)
Mike Kennealy
ate.MA.US>> wrote:
Thanks, Steve.
Michael
Thx!
Steve
___________________________
p.13: please add Boston University. I think that they are ranked about
the same as Northeastern.
p.18: drop the chart at the bottom as the stats presented could be
interpreted in a number of ways.
Will do.
p.20: is slide about who has moved here recently or expanded? Thats how
I think it should be titled. I would add Novartis and its enormous new
campus in Cambridge, the new Vertex facilities in the Seaport along with
others who have moved to the Seaport, Siemens has a major expansion in
Walpole, BASF has a major facility/expansion in Worcester. (Mike
Kennealy, Jay Ash, Carolyn can you please help out here?)
Done
p.23: Please include Lincoln Labs and add a slide that has some of the
centers at Northeastern, BU, Tuftsespecially NU. This may be an
additional slide?
p.26: This is interesting! What do you mean when you indicate GE under
the innovations?
Ok, wasnt sure this would be a good slide. I tried to tie academic
breakthroughs, so I linked the invention or emerging technology with what
line of business then would have impacted this is an indirect
connection. I can tighten up, if you like the concept.
p.27: Can you provide a statement about destinations to key GE locations
in the US
Yes, will do.
p.28: Please do the same for the innovation centers you mentioned
internationally? Are there any direct flights to South America???
Yes, will do. I confirmed there are no direct flights from Boston to
South America.

GOV Email
To:
; Ash, Jay (EOHED); Polito, Karyn (GOV); Lepore, Kristen (ANF);
Sullivan, Jennifer F. (ANF); Povich, Lon (GOV); Kennealy, Michael (EOHED);
Peyser, Jim (EOE); Reale, Ann (EOE); Tom Glynn; Morse, Elizabeth;
jdoolin@massport.com<mailto:jdoolin@massport.com>; Conroy, Jim (GOV);
Attached is terrific presentation on Why Boston/The War for Talent as it
relates to the Boston project.
And I want to especially thank our newest member of the Cabinet Relations
team Michael Keller, along with support from Lily and Adam to put this
presentation together.
Best,
Steve

Steve,
Please see attached for your review a draft slide deck for discussions
with GE. You will find herein 30 slides (25 or so with real content). I
am not 100% sure the length of time that is available but these are the
slides I would present as the most compelling for why Boston?
I am around all day if you want to discuss further or have specific
edits/suggestions.
Thanks,
Michael
Impressive!
More ideas:
1. Please take a look at the GE website and other sources to see
about themes, and other info that may be relevant. I am hearing on their
ads that GE is your industrial and tech company. For example, the health
group and the energy group (Current) are or will be locating here. What
are the other parts of GE that would find the MA ecosystem attractive?
2. I am hearing that Massachusetts is a leader in robotics and
industrial design. Can you find out more and present how this would be
attractive to GE?
3. There are some more War on Talent slides that Adam would have.
4. Can you check on where the top firms go for their recruitment?
5. Please develop a list of the various institutes on health, tech,
innovation, engineering, etc. Please check the university websites.
Broad, MITs Center for the Brain, etc.
Good stuff!

Steve,
Attached are some slides Lily and I put together in the last day or so for
your review and comment. I will look into your questions below re: total
# of engineers and scientist going to school in the Boston area. The
slides attached do not have that data but I will dig up tomorrow.
Michael

-work in the area and a comparative % of the total in the US, World, or
whatever makes sense
Total # of engineers and scientists going to school in the Boston metro

area and how many graduate each year and what % that may be of the total
in the US
More to come!
________________________________
Great!!
Sent from my iPhone
ate.MA.US>> wrote:
Steve,
(as outlined below, assigned to Lily or myself) and will send you a
revised PPT later this evening/first thing tomorrow for your review and
additional edits.
specialties - mk
# of international patients traveling to Boston AMCs to receive
care mk
List of all the bio tech, IT, pharma, etc firms that have
determined to locate, grow here in the last few years. (Vertex, Shire,
Novartis, Pfizer, Siemens...and all the small firms) - HED
Locations of all the company's national and international
locations with a map showing flights from Logan - Massport
Thanks,
Michael
Ok for you to add more slides on the war on talent idea. I am remembering
a pretty rich set of them that we cut back on in later versions. More to
review/include is better now.
Include a list of universities in the top 50? Also a list of the top
colleges?

Sent from my iPhone
> wrote:
>
> Great!
morning.
>
>
>
>
> Not a problem!
> Please think if this is something to assign to Michael. It may be good
to see what he can do with something like this!!
>
>
> wrote:
>>
>>
>> I know this is an important assignment and I feel guilty responding
with an excuse. I'm usually all over these kinds of assignments, but we
are driving to North Carolina on Saturday/Sunday for a week with the
family.
>> I can find a couple more hours to work on it Friday but I just don't
think I can do any major work by Monday.
>>
>> I will review the info from Sec Ash to see what I can incorporate and
I'll try to add a couple more slides to fill-in the story.
>>
>> -Adam
>>
>>
>>
>> Wow!

>>
>> We just got the word that rather than making a decision this week, that
they will not make a decision until mid-January.
>>
>>
>>
>>
>>
>>
>>
>>
>> Thx.
>>
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

Frazier, Ricks (EOHED); Ash, Jay (EOHED); Kadish, Steven (GOV); Daniel Koh; John Barros; Sullivan, Jennifer F.
(ANF); Povich, Lon (GOV); michael.kennealy@state.ma.us
RE: Private Grid 1
Good thx. I'll review tomorrow. What's your availability Tuesday? Merry Merry. 60
degrees and the sun just came out here!
-------- Original message -------From: "Frazier, Ricks (EOHED)" <ricks.frazier@MassMail.State.MA.US>

Date: 12/24/2015 10:47 AM (GMT-05:00)
To: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>, "Kadish, Steven (GOV)"
<steven.kadish@MassMail.State.MA.US>, Daniel Koh <daniel.koh@boston.gov>, John
Barros <john.barros@boston.gov>, "Sullivan, Jennifer F. (ANF)"
<Jennifer.F.Sullivan@MassMail.State.MA.US>, "Povich, Lon (GOV)"
<lon.povich@MassMail.State.MA.US>, michael.kennealy@state.ma.us
Subject: RE: Private Grid 1
Jay
Ricks
-----Original Message----From: Ash, Jay (EOHED)
To: Kadish, Steven (GOV); Daniel Koh; John Barros; Frazier, Ricks (EOHED); Sullivan, Jennifer F. (ANF);
Povich, Lon (GOV); michael.kennealy@state.ma.us
Subject: Private Grid 1
Folks, this is really tedious, with so many potential variations on each scenario. Nonetheless, here is a first draft
responding to the three basics of the scenarios. I think it encompasses everything, but need to sleep on it now. Feel
free to pick it apart!
Shared with a limited circulation. Chiefs should decided if they want to expand the loop now, or wait until the
smaller group has had at it.
Should we do a call at 8 to discuss what we are saying to them at 9?
From:
To:
Subject:
Date:
Povich, Lon (GOV)

RE: Private Grid 1
Ricks,
Please give me a quick call. Cell
) or office, below, until noon.
Thanks.
Lon F. Povich
Boston, MA 02133
(617) 725-4082
-----Original Message----From: Frazier, Ricks (EOHED)

Sent: Thursday, December 24, 2015 10:48 AM
To: Ash, Jay (EOHED); Kadish, Steven (GOV); Daniel Koh; John Barros; Sullivan, Jennifer F. (ANF); Povich, Lon
(GOV); michael.kennealy@state.ma.us
Jay
Ricks
From:
To:
Subject:
Date:
Povich, Lon (GOV)

Frazier, Ricks (EOHED); Ash, Jay (EOHED); Kadish, Steven (GOV); Daniel Koh; John Barros; Sullivan, Jennifer F.
(ANF); michael.kennealy@state.ma.us
RE: Private Grid 1
Question to the team:

Thanks.
Lon F. Povich
Boston, MA 02133
(617) 725-4082

To: Ash, Jay (EOHED); Kadish, Steven (GOV); Daniel Koh; John Barros; Sullivan, Jennifer F. (ANF); Povich, Lon
(GOV); michael.kennealy@state.ma.us
Jay
Ricks
From:
To:
Subject:
Date:
Povich, Lon (GOV)

Ash, Jay (EOHED)
RE: Private Grid 1
Ok thanks.
Lon F. Povich
Boston, MA 02133
(617) 725-4082

To: Povich, Lon (GOV); Ash, Jay (EOHED)
Yes. Don't see a call 8n number yet for that. The 9 is w GE.

Date: 12/24/2015 6:42 AM (GMT-05:00)
Subject: Re: Private Grid 1
Is there a call at 9 too?
Sent from my iPhone
On Dec 24, 2015, at 6:33 AM, Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US> wrote:
830 it is. Steve or John, can you send around a call in number?
-------- Original message --------
From: "Povich, Lon (GOV)" <lon.povich@MassMail.State.MA.US>

Date: 12/24/2015 6:10 AM (GMT-05:00)
To: John Barros <john.barros@boston.gov>
Cc: "Frazier, Ricks (EOHED)" <ricks.frazier@MassMail.State.MA.US>,
"Kennealy, Michael (EOHED)" <Michael.kennealy@MassMail.State.MA.US>,
Daniel Koh <daniel.koh@boston.gov>, "Ash, Jay (EOHED)"
<steven.kadish@MassMail.State.MA.US>, "Sullivan, Jennifer F. (ANF)"
Steve and Jen and I have another call at 8. Could we do 830?
Sent from my iPhone
On Dec 24, 2015, at 5:55 AM, John Barros <john.barros@boston.gov> wrote:
8am is good.
On Thu, Dec 24, 2015 at 12:56 AM, Frazier, Ricks (EOHED)
<ricks.frazier@massmail.state.ma.us> wrote:
Fine
Sent from my iPhone
Works for me too
Mike Kennealy
On Dec 23, 2015, at 11:42 PM, Daniel Koh
<daniel.koh@boston.gov> wrote:
8 AM works for me.
On Wed, Dec 23, 2015 at 11:39 PM, Ash,
Jay (EOHED)
<jay.ash@massmail.state.ma.us> wrote:
Folks, this is really tedious, with so many
potential variations on each scenario.
Nonetheless, here is a first draft responding
to the three basics of the scenarios. I think
it encompasses everything, but need to
sleep on it now. Feel free to pick it apart!
Shared with a limited circulation. Chiefs
should decided if they want to expand the
loop now, or wait until the smaller group
has had at it.
Should we do a call at 8 to discuss what we

are saying to them at 9?
-Daniel Arrigg Koh

Chief of Staff
City of Boston
-John Barros
6th Floor, Room 603
t: 617-635-5729
From:
To:
Cc:
Subject:
Date:
John Barros
Gaquin, Daniel
Kadish, Steven (GOV); Eugene O"Flaherty; Povich, Lon (GOV); Frazier, Ricks (EOHED); Ash, Jay (EOHED); Daniel
Koh; Sullivan, Jennifer F. (ANF); Kennealy, Michael (EOHED); Cowan, Mo; Tom Glynn; Elizabeth Morse; Pollack,
Stephanie (DOT); Garrity, Rob (DOT); Englander, John (DOT); Fichter, Katherine (DOT)
Re: Private Grid 1
From the City we will have the following individuals join us:
Renee LaFevre, BRA General Counsel
Heather Campisano, BRA Chief of Staff
Jose Gonzalez, Senior Assistant Corporation Counsel
Sent from my iPhone

> On Dec 28, 2015, at 3:10 PM, Gaquin, Daniel <DOGaquin@mintz.com> wrote:
>
> Time and location is as follows:
>
> 11 am - 1 pm tomorrow, 12/29 at ML, One Financial, 38th Floor.
>
> Dial in is 877-434-2303;6173481874#
>
> -----Original Message----> From: Kadish, Steven (GOV) [mailto:steven.kadish@MassMail.State.MA.US]
> Sent: Monday, December 28, 2015 2:26 PM
> To: Eugene O'Flaherty
> Cc: Gaquin, Daniel; Povich, Lon (GOV); Frazier, Ricks (EOHED); Ash, Jay (EOHED); Daniel Koh; John Barros;
Sullivan, Jennifer F. (ANF); Kennealy, Michael (EOHED); Cowan, Mo; Tom Glynn; Elizabeth Morse; Pollack,
Stephanie (DOT); Garrity, Rob (DOT); Englander, John (DOT); Fichter, Katherine (DOT)
> Subject: Re: Private Grid 1
>
> Can we be sure that Rene or someone else from the BRA is there?
>
> Also Massport--is it Katie?
>
> Also at MassDOT -- could this be Kate F or John or someone else?
>
> Lon or Jay -- can you please confirm the time and location and call-in?
>
> Thx.
>
>
>> On Dec 28, 2015, at 1:38 PM, Eugene O'Flaherty <eugene.oflaherty@boston.gov> wrote:
>>
>> The City will have an Attorney available.
>>
>> Gene
>>
>>
>>> On Dec 28, 2015, at 1:37 PM, Gaquin, Daniel <DOGaquin@mintz.com> wrote:
>>>
>>> Anytime between 10 and 2 tomorrow is best for me and I can make other times work if needed.
>>>
>>> I'll suggest 11.
>>>
>>> Daniel O. Gaquin | Member
>>> Co-Chair, Real Estate Department
>>> Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
>>> One Financial Center | Boston, MA 02111
>>> Direct: +1.617.348.1874 | Fax: +1.617.542.2241
>>> E-mail: DOGaquin@mintz.com
>>> Web: www.mintz.com
>>>
>>>
>>>
>>>
>>> -----Original Message---->>> From: Povich, Lon (GOV) [mailto:lon.povich@MassMail.State.MA.US]
>>> Sent: Monday, December 28, 2015 1:18 PM
>>> To: Frazier, Ricks (EOHED); Eugene L. O'Flaherty
>>> Cc: Ash, Jay (EOHED); Kadish, Steven (GOV); Daniel Koh; John Barros;
>>> Sullivan, Jennifer F. (ANF); michael.kennealy@state.ma.us; Gaquin,
>>> Daniel; Cowan, Mo
>>> Subject: Re: Private Grid 1
>>>
>>>
>>> All,
>>>
>>> It would be great, if the appropriate lawyers from the city and state could join with Dan at Mintz tomorrow to
discuss the approvals necessary for the current plan. As I understand it, Jen and Jay are available and Ricks can join
by phone. It will be great if we could identify the most knowledgeable lawyers for the city and set a time.
Unfortunately, I am on vacation in California and may be able to join by phone, depending on the time, but will not
be there in person.
>>>
>>> Just to get the ball rolling, Dan when would be a good time for you,
>>> and let's see if the others can meet then. Thanks
>>>
>>> Lon
>>>
>>>> On Dec 24, 2015, at 7:47 AM, Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US> wrote:
>>>>
>>>> Jay
>>>>
>>>>
>>>>
>>>> Ricks
>>>>
>>>> -----Original Message---->>>> From: Ash, Jay (EOHED)
>>>> Sent: Wednesday, December 23, 2015 11:40 PM
>>>> To: Kadish, Steven (GOV); Daniel Koh; John Barros; Frazier, Ricks
>>>> (EOHED); Sullivan, Jennifer F. (ANF); Povich, Lon (GOV);
>>>> michael.kennealy@state.ma.us
>>>> Subject: Private Grid 1

>>>>
>>>> Folks, this is really tedious, with so many potential variations on each scenario. Nonetheless, here is a first
draft responding to the three basics of the scenarios. I think it encompasses everything, but need to sleep on it now.
Feel free to pick it apart!
>>>>
>>>> Shared with a limited circulation. Chiefs should decided if they want to expand the loop now, or wait until
the smaller group has had at it.
>>>>
>>>> Should we do a call at 8 to discuss what we are saying to them at 9?
>>>> <Private Options Grid.docx>
>>>
>>>
>>>
>>> STATEMENT OF CONFIDENTIALITY:
>>> The information contained in this electronic message and any
>>> attachments to this message are intended for the exclusive use of the
>>> addressee(s) and may contain confidential or privileged information.
>>> If you are not the intended recipient, or the person responsible for
>>> delivering the e-mail to the intended recipient, be advised you have
>>> received this message in error and that any use, dissemination,
>>> forwarding, printing, or copying is strictly prohibited. Please
>>> notify Mintz, Levin, Cohn, Ferris, Glovsky and Popeo immediately at
>>> either (617) 542-6000 or at DirectorofIT@Mintz.com, and destroy all
>>> copies of this message and any attachments. You will be reimbursed
>>> for reasonable costs incurred in notifying us.
From:
To:
Cc:
Subject:
Date:
Gaquin, Daniel
Povich, Lon (GOV); Henry Luthin; Ash, Jay (EOHED); Sullivan, Jennifer F. (ANF); Frazier, Ricks (EOHED)
Daniel Koh; Eugene O"Flaherty; Jose Gonzalez; Porter, Jeff
RE: Private Grid 1
11 am 1 pm tomorrow, 12/29 at ML, 38th Floor.
Dial in is
Please let me know who will be attending in person for the security list.
Thanks,
Dan
DanielO. Gaquin| Member

Co-Chair, Real Estate Department
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
One Financial Center| Boston,MA02111
Direct:+1.617.348.1874| Fax: +1.617.542.2241
E-mail: DOGaquin@mintz.com
Web: www.mintz.com
From: Povich, Lon (GOV) [mailto:lon.povich@MassMail.State.MA.US]

To: Henry Luthin; Ash, Jay (EOHED); Sullivan, Jennifer F. (ANF); Frazier, Ricks (EOHED); Gaquin, Daniel
Cc: Daniel Koh; Eugene O'Flaherty; Jose Gonzalez
Dan will host. Dan please let folks know the location and dial in. Thanks all
Sent from my iPhone
On Dec 28, 2015, at 11:00 AM, Henry Luthin <henry.luthin@boston.gov> wrote:
Hello Lon,
Senior Assistant Corporation Counsel Jose Gonzalez will attend the meeting
tomorrow. Could you forward him and me the particulars?
Many thanks.
Henry
Henry C. Luthin
First Assistant Corporation Counsel
City of Boston Law Department
City Hall, Room 615
Boston, MA 02201
617.635.4024 (o)
617.594.1645 (c)
STATEMENT OF CONFIDENTIALITY:
The information contained in this electronic message and any attachments
to this message are intended for the exclusive use of the addressee(s)
and may contain confidential or privileged information. If you are not
the intended recipient, or the person responsible for delivering the
e-mail to the intended recipient, be advised you have received this
message in error and that any use, dissemination, forwarding, printing,
or copying is strictly prohibited. Please notify Mintz, Levin, Cohn,
Ferris, Glovsky and Popeo immediately at either (617) 542-6000 or at
DirectorofIT@Mintz.com, and destroy all copies of this message and any
attachments. You will be reimbursed for reasonable costs incurred in
notifying us.
From:
To:
Subject:
Date:

Ash, Jay (EOHED)
RE: Project Plum - MA
Emailed her yesterday to say shed have bios today I now have all that I needed and will send.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Sent: Thursday, July 23, 2015 11:37 AM
Subject: FW: Project Plum - MA

Subject: Project Plum - MA
Good morning,
Thanks for this info. Of course I will need all names (and bios) ahead of time to clear through our GE
Security so all can enter the campus. The request is for bios by COB today please.
Regarding AV, I asked our AV support to provide me some information regarding our system. He
writes:
The systems in the Guest House are of older technology. They have been modified to allow
for newer computer equipment to display on the room projector. There is a room PC
connected to an overhead LCD projector. The room PC will allow the insertion of thumb
drives if content is delivered that way. However, the system will not allow you to save from
a GE computer. There are three (3) VGA computer input connections with audio in the
table. We can provide a display port to VGA adapter to connect to laptops to accommodate
higher resolution digital outputs. The AV system will scale resolutions down to
accommodate the ability to project. There are table top audio teleconference phone pods
that supply telephony. There is also cable TV.
Also, we will one of our AV people available in the conference room at the start of the meeting for
any assistance that is required.
Please let me know if you have additional questions.
Karen
Karen Kulish
O: 203 373-2575
C:
From: Klee, Ann (GE, Corporate)

Subject: FW: Project Plum
fyi

To: Klee, Ann (GE, Corporate); Ash, Jay (SEA)
Thx Ann. Only state govt officials. We'll be bringing a deck and would be pleased to have
AV available for its projection. Light refreshments are fine. Under $50 is our threshold. I'd
say 5 people at this point.
-------- Original message -------From: "Klee, Ann (GE, Corporate)" <Ann.Klee@ge.com>

Date: 07/23/2015 9:56 AM (GMT-05:00)
Jay,
ark
Ann R. Klee
Vice President
GE
Fairfield, CT 06824
203-373-3198 (o)
(m)
From:
To:
Subject:
Date:

RE: Project Plum - MA
Thursday, July 23, 2015 4:31:00 PM
Hi Karen, please see our bios below. I am also going to try to reach you shortly with a question or
two about the meeting thanks.
Secretary Jay Ash

Massachusetts. Secretary Ash is responsible for directing and executing Governor Charlie Bakers
agenda on housing and community development, job creation, business development, consumer
affairs, and business regulation. He previously served as the city manager in his native Chelsea, a
position he held from 2000 to 2014. In Chelsea, Secretary Ashs leadership produced both economic
expansion and fiscal stability. He grew the citys housing stock by over ten percent, expanded its
commercial base with two dozen major projects, led all Gateway Cities with a 15% increase in new
employment, developed 10 new parks, secured five credit rating increases, and won two AllAmerica City designations for Chelsea. Secretary Ash has led statewide initiatives on health
insurance, youth violence, transportation infrastructure and expanded gaming in Massachusetts.
He previously served as co-founder and vice-chair of the Metropolitan Mayors Coalition, as past
president of the Metropolitan Area Planning Council, as a board member of the public policy think
tank MassINC, the staff director to the Massachusetts House Majority Leader, and as an elected
trustee of his alma mater, Clark University.

International Trade and Investment. In addition, Kirk is responsible for economic planning and
growth in the Maritime economic sector, oversees the MassWorks grant program, and provides
direct support to the Lieutenant Governors office on a number of initiatives. Prior to her
appointment with the Baker/Polito administration, in 2007 Kirk was the first woman popularly
elected as Mayor of the City of Gloucester. Kirk went on to win three subsequent general municipal
elections, never lost a ward or a precinct in any of her contests, and served as Mayor for seven
years. Kirks administration invested over $100 million in infrastructure thus laying the groundwork
for future economic growth. The first-ever business class hotel is under construction in the city in a
long sought after waterfront location adjacent to downtown. A new $40 million elementary school,
the first one to be built since World War II and which Kirk led the effort on for seven years, is also
under construction in the city. Mayor Kirks professional career spans over 25 years. She is a longtime management consultant and her clients have included many of the Top 20 banks in the US,
along with Fortune 500 companies. She and her husband Bill Kirk have two children, Sam, 17 and
Baylee, 14. Both are enrolled in Gloucester Public Schools. A graduate of the Boston College class
of 1984, Mayor Kirk was born and raised in Clinton, NY and moved to Massachusetts to attend
college. She moved to Gloucester in 1988 where she still resides, and was drawn to the diversity
and beauty of the city.

Mike Kennealy is the Assistant Secretary for Business Growth for the Commonwealth of
Massachusetts in the Executive Office of Housing & Economic Development. Mike joined the BakerPolito Administration in March 2015 and brings two decades of experience working with the
management teams of growing companies. He joined Spectrum Equity in 1997 and was a Managing
Director of the firm until early 2013. Founded in 1994 with offices in Boston and San Francisco,
Spectrum is a leading growth private equity firm that provides capital and strategic support to its
portfolio companies. During Mikes more than 15 years at the firm, Spectrum grew from $360
million in assets under management to $4.7 billion and invested in nearly 100 high growth
information services, digital media, software, and Internet companies. After retiring from
Spectrum, he spent two years as Special Advisor to the Receiver at Lawrence Public Schools. There
he worked with the state-appointed superintendent/receiver on strategic and financial initiatives to
support the turnaround plan and developed and managed relationships with non-profit partners,
philanthropic funders, and the municipal government. Earlier in his career, Mike was an Associate at
TA Associates, a Boston-based private equity firm. Mike, his wife, and three children live in
Lexington, where he has served on the Towns finance committee and a variety of non-profit
boards. He has been a member of the Board of Trustees of St. Johns Prep in Danvers, MA since
2009 and is Vice Chairman of the Board. Mike received an AB magna cum Laude, Phi Beta Kappa,
with High Honors in Government from Dartmouth College and an MBA from Harvard Business
School.

Nam recently joined the Baker-Polito Administration as the Assistant Secretary of Business
Development which oversees the Mass. Office of Business Development, Mass. Office of Travel and
Tourism, Mass. Film Office and Mass. Office of International Trade & Investment. Previously Nam
was the CEO of Vietnamese American Initiative for Development (VietAID). Nam has been a
commercial banker for more than 20 years in both lending and credit for premier community banks
and large commercial banks. From 1994 to 2000 Nam served as Commissioner of Massachusetts
Office for Refugees and Immigrants, and Deputy Director of the Massachusetts Office of
International Trade & Investment. Nam earned his BS degree in Business Administration from the
University of Minnesotas Carlson School of Management, and MPA in Political Economy from
Harvards Kennedy School of Government.

Director for the Massachusetts Office of Business Development (MOBD). MOBD is the states onestop source for businesses seeking to relocate to Massachusetts or to expand their current
operations here. It provides businesses with information on site locations, workforce availability,
funding and financing and tax incentives. Prior to joining the Administration, she worked for Boston
Main Streets as a Neighborhood Business Manager where she oversaw the development and
implementation of business strategies and provided technical assistance to local Main Streets
managers and volunteers. She graduated cum laude from Salem State College and earned a BA in
Political Science & Sociology, and she lives with her husband and two children in Rockport.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Subject: Project Plum - MA
Good morning,
Thanks for this info. Of course I will need all names (and bios) ahead of time to clear through our GE
Security so all can enter the campus. The request is for bios by COB today please.
Regarding AV, I asked our AV support to provide me some information regarding our system. He
writes:
The systems in the Guest House are of older technology. They have been modified to allow
for newer computer equipment to display on the room projector. There is a room PC
connected to an overhead LCD projector. The room PC will allow the insertion of thumb
drives if content is delivered that way. However, the system will not allow you to save from
a GE computer. There are three (3) VGA computer input connections with audio in the
table. We can provide a display port to VGA adapter to connect to laptops to accommodate
higher resolution digital outputs. The AV system will scale resolutions down to
accommodate the ability to project. There are table top audio teleconference phone pods
that supply telephony. There is also cable TV.
Also, we will one of our AV people available in the conference room at the start of the meeting for
any assistance that is required.
Please let me know if you have additional questions.
Karen
Karen Kulish
O: 203 373-2575
C:

fyi

To: Klee, Ann (GE, Corporate); Ash, Jay (SEA)
Thx Ann. Only state govt officials. We'll be bringing a deck and would be pleased to have
AV available for its projection. Light refreshments are fine. Under $50 is our threshold. I'd
say 5 people at this point.

Date: 07/23/2015 9:56 AM (GMT-05:00)
Jay,
ark
Ann R. Klee
Vice President
GE
Fairfield, CT 06824
203-373-3198 (o)
(m)
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

Klee, Ann (GE, Corporate); Ash, Jay (EOHED)
RE: Project Plum -- Site visit
Looking forward to it. Be back in morning with our logistics contact.

Date: 08/27/2015 1:41 PM (GMT-05:00)
Jay,
Many thanks.
Best,
ark
Ann R. Klee
Vice President
GE
Fairfield, CT 06824
203-373-3198 (o)
(m)
From:
To:
Cc:
Subject:
Date:

Ash, Jay (EOHED)
Pham, Nam (EOHED)
RE: Project Plum -- Site visit
Monday, August 31, 2015 9:44:56 PM
Good. I spoke with Nam (copied here) about this today and he agreed Peter was the right guy.

Sent: Monday, August 31, 2015 7:10 PM
To: Klee, Ann (GE, Corporate)
Cc: Kennealy, Michael (EOHED); Pham, Nam (EOHED); Milano, Peter (MOBD)
Subject: RE: Project Plum -- Site visit
Hi, Ann. Our top guy will be on the case, Peter Milano. Email is above. Others copied will also
participate in getting ready.
Peter Milano
Senior Regional Director
(978) 970-1193
360 Merrimack Street

Building 5
Lawrence, MA 01843

Date: 08/27/2015 1:41 PM (GMT-05:00)
Jay,
Many thanks.
Best,
ark
Ann R. Klee
Vice President
GE
Fairfield, CT 06824
203-373-3198 (o)
(m)
From:
To:
Subject:
Date:

RE: Project Plum Boston Office Locations Booklet - Extended_v1_r1.pdf
Mike
I just had a couple of thoughts from the call this AM.
Ill be driving for a chunk of the day, but Jonathan and Erica should be able to answer MassWorks
questions. If you do need me, my cell is 617 872 8017 and Ill check e-mail regularly when Im not
actually on the highway. I should be back by mid-afternoon.
Ricks

To: Kadish, Steven (GOV); Ash, Jay (EOHED); Lepore, Kristen (ANF); Pollack, Stephanie (DOT); Garrity,
Rob (DOT); Povich, Lon (GOV); Elizabeth Morse; Tom Glynn; Buckley, Timothy (GOV); Conroy, Jim
(GOV); Sullivan, Jennifer F. (ANF); jdoolin; Ross, Robert (ANF); Cosco, Jonathan (EOHED); Frazier,
Ricks (EOHED)
Subject: FW: Project Plum Boston Office Locations Booklet - Extended_v1_r1.pdf
Please see the link below to access the document that the City has prepared for sites. This is an
update to the package sent last week. It is currently missing one of the Massport sites and the
Convention Center sites which can be added tomorrow. I have a few other edits to this which I will
pass along and please let me know of others. Letter to follow later tonight (still have not received
from City).
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From: John Barros (via Google Drive) [mailto:drive-shares-noreply@google.com]

Cc: mikekennealy@gmail.com
Subject: Project Plum Boston Office Locations Booklet - Extended_v1_r1.pdf
John Barros has shared the following PDF:
Project Plum Boston Office Locations Booklet - Extended_v1_r1.pdf

Please confirm when you receive this.
Open
This email grants access to this item. Only forward it to people you trust.
Google Drive: Have all your files within reach from any device.
From:
To:
Subject:
Date:

Doolin, James
RE: Project Plum
Sorry I think ~15-20 years but want to keep as operating not capital lease so not go out too far, but
I assume with an option after that.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Sorry, I wasnt asking about the ground lease. I wanted to know how many years they are committed
to as a tenant in a building??
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Until recently, they have only said long term but I did hear 99 years today on a call with their tax
folks. I thought at least for now the language you sent was very helpful, but are there parameters
or restrictions on term with Massport that we should be aware of?
Mike Kennealy

Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Importance: High
Mike was is the length of lease term that Plum is expecting / willing to commit to?
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Cc: Morse, Elizabeth; McDonald, Catherine; DeTour, Michele
Thanks!
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

statement. Jim
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James

Mike Kennealy

James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Monday?) Jim
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Mike Kennealy
Mike Kennealy
access code
.

group.
Mike

(EOHED)

pushing).



project?




discuss.

All the best,

Mike
Mike Kennealy

Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:

Ash, Jay (EOHED)
Kennealy, Michael (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer F. (ANF)
Re: Project Plum
How fast can we move from questions to facts and tools and their
application?
Or maybe we are already doing so?
We need to have something solid by tomorrow morning. I am hoping to see
drafts of the 3 deliverables by sometime this evening:
1. What we can do on some proposed Seaport locations
2. Examples of what has been done with the tools we are proposing
3. What can we offer at the existing Plum sites and for Connect
Let's please stay focused on the deliverables.
Thx.
Steve
Sent from my iPhone
> On Dec 6, 2015, at 11:45 AM, Ash, Jay (EOHED)
>
> From today's call - MassWorks is most flexible, allowing for private
expenditures that are in the cause of economic development - thus,
utilizing the MassWorks/EDIP option is more flexible and direct than
utilizing some form of I-Cubed. I am working up a list of
questions/points about the policy issues around utilizing more MassWorks,
maybe as much as $70-80m, for the direct subsidy of building a building.
Simple and effective. Will share the questions tonight.
> ________________________________________
> Sent: Sunday, December 06, 2015 8:03 AM
> To: Kennealy, Michael (EOHED)
> Cc: Lepore, Kristen (ANF); Ash, Jay (EOHED)
> Subject: Re: Project Plum
>
> Thanks for the info.
> I'll be on the road then, so I'm iffy about joining.
> In any case, look forward to an update.
>
>
> On Dec 6, 2015, at 7:47 AM, Kennealy, Michael (EOHED)
ate.MA.US>> wrote:
>
> 10am. Just sent info.
>
> Mike Kennealy
>
> On Dec 6, 2015, at 7:21 AM, Kadish, Steven (GOV)
.US>> wrote:
>
> Please let me know when today's call is and I will try to join you.
>
>
> On Dec 5, 2015, at 8:19 PM, Kennealy, Michael (EOHED)
ate.MA.US>> wrote:
>
> Discussed in concept on call and just emailed Jim D.
>
> Mike Kennealy
>
> On Dec 5, 2015, at 6:48 PM, Lepore, Kristen (ANF)
MA.US>> wrote:
>
> Did you ask massport to help with the marketing materials? They have a
marketing department. I asked Jen to make that request.
>
>
<Michael.kennealy@MassMail.State.MA.US<mailto:Michael.kennealy@massmail.st
ate.ma.us>> wrote:
>
> Steve, it was a productive call discussing the various ways
I-Cubed/MassWorks could be utilized to their benefit on our sites while
maintaining public benefit and other statute requirements. Jay, Ricks and
I are speaking tomorrow AM in more detail re: MassWorks and Jen needs to
consult outside counsel on some I-Cubed matters. Will reconvene larger
group after Jen has what she needs. Goal is to develop very specific
scenarios on use of funds on our sites. Jay is back and was on call and
may have more to add.
>
> Mike Kennealy
>
> On Dec 5, 2015, at 2:26 PM, Kadish, Steven (GOV)
.US>> wrote:
>
> Not sure that I will be able to make, but I would like an update.
>
> Will you be scheduling a call tomorrow?
> I can do after 5 pm.
>
>
> On Dec 5, 2015, at 11:01 AM, Kennealy, Michael (EOHED)
ate.MA.US>> wrote:
>
> Call info
>
> Mike Kennealy
>
> Begin forwarded message:
>
> From: "Kennealy, Michael (EOHED)"
ate.MA.US>>
> Date: December 5, 2015 at 8:07:26 AM EST
> To: "Kennealy, Michael (EOHED)"
ate.MA.US>>, "Sullivan, Jennifer F. (ANF)"
ail.State.MA.US>>, "Doolin, James"
<JDoolin@massport.com<mailto:JDoolin@massport.com>>, "Garrity, Rob (DOT)"
<rob.garrity@dot.state.ma.us<mailto:rob.garrity@dot.state.ma.us>>,
<ricks.frazier@MassMail.State.MA.US<mailto:ricks.frazier@MassMail.State.MA
.US>>, "Kreuter, Erica (EOHED)"
<Erica.Kreuter@MassMail.State.MA.US<mailto:Erica.Kreuter@MassMail.State.MA
.US>>
> Cc: "Ash, Jay (EOHED)"
"Lepore, Kristen (ANF)"
MA.US>>
> Subject: RE: Project Plum
>
> It looks like we have folks available for a call at 4:30pm today.
>
>
access code
.
>
> Looking forward to speaking then and discussing ideas from the group.
>
> Mike
>
> ________________________________
> To: Jennifer F. Sullivan (ANF)
(Jennifer.F.Sullivan@MassMail.State.MA.US<mailto:Jennifer.F.Sullivan@MassM
ail.State.MA.US>); Doolin, James; Garrity, Rob (DOT); Frazier, Ricks
(EOHED); Kreuter, Erica (EOHED)
> Cc: Ash, Jay (EOHED); Lepore, Kristen (ANF)
> Subject: Project Plum
>
> I am emailing a group of people that I hope can work as a team this
weekend and into Monday to advance the Project Plum work. As you know, we
presented a proposal to Plum that relies heavily on I-Cubed and Massworks
funding, and we also suggested some sites. The good news from today is
that we are very much in the game here, and the company will be visiting
Boston on Wednesday to look at sites, with a significant internal meeting
in about 10 days. (Note not clear yet what involvement they want from
us on Wednesday, possibly none though of course we are pushing).
>
> As Steve and Sec. Lepore and I just discussed, we think our mission at
this point is to make this proposed infrastructure funding more tangible
for them how could these dollars be used to the direct benefit of their
project? Said differently, our ~$100 MM dollar proposal was $80 MM
I-Cubed/MassWorks and $20 MM local property tax incentives; they know how
to value the $20 MM but are unsure how to value the $80 MM, and we need
this proposal to look a lot closer to $100 MM than $20 MM, especially in
the face of competition offering incentives that are much easier to value.
>
> To that end, there are two deliverables that we would like to send to
the company by noon on Monday:
>
>
> 1. A list/discussion of historical examples of I-Cubed and
MassWorks projects. I have attached a draft memo from Erica and the
language that Jen provided for our letter. What other examples can we
provide, and in what level of detail, specifically ones that are as
>
>
> 2. Specific examples of how I-Cubed and MassWorks could be
deployed at the MCCA and Massport sites. I have attached information
about those sites. No site or building has been ruled out, but initial
guidance from Plums location advisor was to focus on the sites vs. the
buildings.
>
> Could I ask the following:
>
>
> 1. Could folks start giving consideration to #1 and #2 above and
develop specific ideas.
>
>
> 2. Could you please also suggest (if applicable) others from your
organization that could help in this effort.
>
>
> 3. Can we all get on a call tomorrow at 4:30pm to discuss.
>
> On the call tomorrow, I would like to review what we think the
deliverables should look like and discuss specific examples. We can then
decide what other needs we may have, and plan the work over Sunday and
into Monday.
>
> I hope all of that makes sense and, as always, please call with
questions. Please respond as soon as you can with respect to your
availability tomorrow at 4:30pm.
>
> All the best,
> Mike
>
> Mike Kennealy
> Boston, MA 02108
> Office: 617-788-3640
> Cell: 617-634-4762
> michael.kennealy@state.ma.us<mailto:michael.kennealy@state.ma.us>
>
>
From:
To:
Cc:
Subject:
Date:
Attachments:
Doolin, James
Kennealy, Michael (SEA)
Morse, Elizabeth; McDonald, Catherine; DeTour, Michele
RE: Project Plum
Ground Lease Process Memo JPD updates 12 7 15.doc
statement. Jim
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James

Mike Kennealy

James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Mike Kennealy

Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Monday?) Jim
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Mike Kennealy

Mike Kennealy
access code
.

group.
Mike

(EOHED)

pushing).




project?




discuss.

All the best,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
TO:
Elizabeth Morse, Chief of Staff
FROM:
James Doolin, Chief Development Officer, Catherine McDonald, Acting Chief

Legal Counsel and Michele DeTour, Deputy Chief Legal Counsel
SUBJECT:
Massports Ground Lease Process Regarding Massport Parcels A-2, H, D-2 and
D-3 and WTC Avenue Parcel
DATE:
December 7, 2015
Massachusetts Port Authority (Massport) Ground Lease

As part of its mission to be an economic engine for the Commonwealth and New England and to
further a shared civic vision of creating a new and vibrant part of the City of Boston, the
Massport property within the South Boston Waterfront has been developed to include a mix of
commercial, residential and maritime related uses. Massport has made significant investments in
roadways, utilities infrastructure and public open space.
Within the commercial / residential area clustered around Seaport Boulevard, Congress Street,
Summer Street and D Street, Fidelity, John Hancock and a host of other major companies have
made major investments and have a strong corporate employment presence. In addition, two first
class apartment buildings have been built with additional units on the near term horizon. Two 4star hotels are immediately available in the Seaport Hotel and the Boston Waterfront
Renaissance Hotel. There is also a destination restaurant cluster centered around Liberty Wharf.
These projects which are all on Massport land and many others in the South Boston Waterfront
have established the area nationally as a highly desirable location for real estate investment.
On Massport property projects have been undertaken by private third party developers / investors
under long term ground leases. Long term ground leases present the opportunity to be creative in
how the ground rent terms for rent are structured over time. In order to stimulate project
execution and based upon the asset type and the realities of the market conditions, Massport has
previously structured rent payments for certain projects that delay or reduce payments in the
early years of the lease while still achieving fair market value for land through a combination of
fixed rent and participating rent. For Project Plum, Massport would expect to work closely and
creatively with the development entity to establish terms that facilitate project execution while
meeting fair market value for the long term ground lease.
In response to a request from Michael Kennealy to prepare a memorandum similar to

MassDOTs District Six Headquarters Memo dated November 30, 2015, we have prepared the
following summary of pertinent issues related to Massports ground leasing process for internal
discussion (and if desired to form the basis of the memorandum to Michael Kennealy).
Massports long-standing practice, as a public agency, is to solicit bids for the

development and direct long term lease of its property, although not specifically required
by statute to engage in a competitive bid process. (When Massport did not engage in a
competitive bid process for a Seaport development parcel, the State Auditor stated in a
2002 Independent State Auditors Report that there are no circumstances that we can
envision where a public agency such as Massport, could justify awarding a no-bid real
estate development contract.)
At a minimum, Massport would, in accordance with its Trust Agreement (further

described below) and its public mission, determine the propertys fair market value. A
fair market value determination may not relieve Massport of a competitive bid obligation
in the eyes of independent state oversight agencies and/or other interested parties. (A fair
market value determination did not persuade the State Auditor in 2002.)
Massports Enabling Act, Chapter 456 of the Acts of 1956, as amended, provides that
Massport may lease its Port Properties (Parcels A-2, H, D-2 and D-3 and WTC Avenue
Parcel are considered Port Properties under the Enabling Act) if Massports Board
determines that the property is no longer needed for its original maritime/industrial use.
Massports Trust Agreement dated as of August 1, 1978, as supplemented and amended,

between the Authority and U.S. Bank, National Association, as trustee, governs
Massports relationship with its bondholders and generally provides that Massport will
not enter into any contract or take any action that might impair or diminish the rights of
the trustee or the bondholders. This section may need to be further reviewed based on the
specific terms of the proposed transaction, however, evidence of fair market value is
generally sufficient to satisfy this constraint.
In order to comply with the grant assurances included in each federal grant agreement
under the Airport Improvement Program, Massport requires its tenants to limit the height
of structures constructed on Massportproperty so as not to constitute an obstruction to air
navigation under 14 CFR Part 77. (See Grant Assurance No. 21 Compatible Land Use.)
Any long term lease is subject to the approval of Massports board.
From:
To:
Subject:
Date:
Doolin, James
Re: Project Plum
Ok thanks
Mike Kennealy
Monday?) Jim
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Mike Kennealy
Mike Kennealy
access code
.

group.
Mike

(EOHED)

pushing).




project?




discuss.

All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

RE: Project Plum
Next steps and needs.

________________________________________
Cc: Kadish, Steven (GOV); Kennealy, Michael (EOHED)
More what?
Sent from my iPhone
> On Dec 6, 2015, at 9:34 PM, Ash, Jay (EOHED)
>
> Yes, Steve and I talked. More soon.
> ________________________________________
> From: Lepore, Kristen (ANF)
> Cc: Ash, Jay (EOHED); Kennealy, Michael (EOHED)
>
> Did you connect?
>
>
>>
>> Should/can we do a call tonight?
>> Thx.
>>
>>
>>> On Dec 6, 2015, at 11:53 AM, Lepore, Kristen (ANF)
>>>
>>> We need to get the tax exempt question answered.
>>>
>>>
>>>> On Dec 6, 2015, at 11:45 AM, Ash, Jay (EOHED)
>>>>
>>>> From today's call - MassWorks is most flexible, allowing for private

>>>> ________________________________________
>>>> From: Kadish, Steven (GOV)
>>>> Sent: Sunday, December 06, 2015 8:03 AM
>>>> Cc: Lepore, Kristen (ANF); Ash, Jay (EOHED)
>>>> Subject: Re: Project Plum
>>>>
>>>> Thanks for the info.
>>>> I'll be on the road then, so I'm iffy about joining.
>>>> In any case, look forward to an update.
>>>>
>>>>
>>>> On Dec 6, 2015, at 7:47 AM, Kennealy, Michael (EOHED)
ate.MA.US>> wrote:
>>>>
>>>> 10am. Just sent info.
>>>>
>>>> Mike Kennealy
>>>>
>>>> On Dec 6, 2015, at 7:21 AM, Kadish, Steven (GOV)
.US>> wrote:
>>>>
>>>> Please let me know when today's call is and I will try to join you.
>>>>
>>>>
ate.MA.US>> wrote:
>>>>
>>>> Discussed in concept on call and just emailed Jim D.
>>>>
>>>> Mike Kennealy
>>>>
>>>> On Dec 5, 2015, at 6:48 PM, Lepore, Kristen (ANF)
MA.US>> wrote:
>>>>
>>>> Did you ask massport to help with the marketing materials? They have
a marketing department. I asked Jen to make that request.
>>>>
>>>>
ate.ma.us>> wrote:
>>>>
>>>> Steve, it was a productive call discussing the various ways
>>>>
>>>> Mike Kennealy
>>>>
>>>> On Dec 5, 2015, at 2:26 PM, Kadish, Steven (GOV)
.US>> wrote:
>>>>
>>>> Not sure that I will be able to make, but I would like an update.
>>>>
>>>> Will you be scheduling a call tomorrow?
>>>> I can do after 5 pm.
>>>>
>>>>
>>>> On Dec 5, 2015, at 11:01 AM, Kennealy, Michael (EOHED)
ate.MA.US>> wrote:
>>>>
>>>> Call info
>>>>
>>>> Mike Kennealy
>>>>
>>>> Begin forwarded message:
>>>>
>>>> From: "Kennealy, Michael (EOHED)"
ate.MA.US>>
>>>> Date: December 5, 2015 at 8:07:26 AM EST
>>>> To: "Kennealy, Michael (EOHED)"
.US>>
>>>> Cc: "Ash, Jay (EOHED)"
MA.US>>
>>>> Subject: RE: Project Plum
>>>>
>>>> It looks like we have folks available for a call at 4:30pm today.
>>>>
>>>>
access code
.
>>>>
>>>> Looking forward to speaking then and discussing ideas from the group.
>>>>
>>>> Mike
>>>>
>>>> ________________________________
>>>> Sent: Friday, December 04, 2015 6:23 PM
>>>> To: Jennifer F. Sullivan (ANF)
>>>> Cc: Ash, Jay (EOHED); Lepore, Kristen (ANF)
>>>> Subject: Project Plum
>>>>
>>>> I am emailing a group of people that I hope can work as a team this
>>>>
>>>> As Steve and Sec. Lepore and I just discussed, we think our mission
at this point is to make this proposed infrastructure funding more
tangible for them how could these dollars be used to the direct benefit
of their project? Said differently, our ~$100 MM dollar proposal was $80
MM I-Cubed/MassWorks and $20 MM local property tax incentives; they know
how to value the $20 MM but are unsure how to value the $80 MM, and we
need this proposal to look a lot closer to $100 MM than $20 MM, especially
in the face of competition offering incentives that are much easier to
value.
>>>>
>>>> To that end, there are two deliverables that we would like to send to
>>>>
>>>>
>>>> 1. A list/discussion of historical examples of I-Cubed and
>>>>
>>>>
>>>> 2. Specific examples of how I-Cubed and MassWorks could be
buildings.
>>>>
>>>> Could I ask the following:
>>>>
>>>>
>>>> 1. Could folks start giving consideration to #1 and #2 above
and develop specific ideas.
>>>>
>>>>
>>>> 2. Could you please also suggest (if applicable) others from
your organization that could help in this effort.
>>>>
>>>>
>>>> 3. Can we all get on a call tomorrow at 4:30pm to discuss.
>>>>
>>>> On the call tomorrow, I would like to review what we think the
into Monday.
>>>>
>>>> I hope all of that makes sense and, as always, please call with
>>>>
>>>> All the best,
>>>> Mike
>>>>
>>>> Mike Kennealy
>>>> Assistant Secretary for Business Growth
>>>> The Commonwealth of Massachusetts
>>>> Executive Office of Housing & Economic Development
>>>> One Ashburton Place, Room 2101
>>>> Boston, MA 02108
>>>> Office: 617-788-3640
>>>> Cell: 617-634-4762
>>>>
>>>>
From:
To:
Cc:
Subject:
Date:

Re: Project Plum
Thanks for the info.

I'll be on the road then, so I'm iffy about joining.
In any case, look forward to an update.
Sent from my iPhone
Mike Kennealy
Sent from my iPhone
Mike Kennealy
Did you ask massport to help with the
marketing materials? They have a marketing
department. I asked Jen to make that request.
Sent from my iPhone
On Dec 5, 2015, at 6:26 PM, Kennealy,
Michael (EOHED)
wrote:
Steve, it was a productive call
discussing the various ways ICubed/MassWorks could be

utilized to their benefit on our sites
while maintaining public benefit
and other statute requirements.
Jay, Ricks and I are speaking
tomorrow AM in more detail re:
MassWorks and Jen needs to
consult outside counsel on some ICubed matters. Will reconvene
larger group after Jen has what she
needs. Goal is to develop very
specific scenarios on use of funds
on our sites. Jay is back and was
on call and may have more to add.
Mike Kennealy
On Dec 5, 2015, at 2:26 PM,
wrote:
Not sure that I will be
able to make, but I
would like an update.
Will you be scheduling
a call tomorrow?
Sent from my iPhone
On Dec 5, 2015, at
11:01 AM, Kennealy,
Michael (EOHED)
wrote:
Call info
Mike
Kennealy
Begin
forwarded
message:
From:
"Kennealy,
Michael
(EOHED)"
Date:
December
5,
2015
at
8:07:26
AM
EST
To:
"Kennealy,
Michael
(EOHED)"
"Sullivan,
Jennifer
F.
(ANF)"
<Jennifer.F.Sullivan@MassMail.State.MA.US>,
"Doolin,
James"
<JDoolin@massport.com>,
"Garrity,
Rob
(DOT)"
<rob.garrity@dot.state.ma.us>,
"Frazier,
Ricks
(EOHED)"
<ricks.frazier@MassMail.State.MA.US>,
"Kreuter,
Erica
(EOHED)"
Cc:
"Ash,
Jay
(EOHED)"
"Lepore,
Kristen
(ANF)"
Subject:
RE:
Project
Plum
It
looks
like
we
have
folks
available
for
a
call
at
4:30pm
today.
Please
use
this
number:
Looking
forward
to
speaking
then
and
discussing
ideas
from
the
group.
Mike
From:
Kennealy,
Michael
(EOHED)
Sent:
Friday,
December
04,
2015
6:23
PM
To:
Jennifer
F.
Sullivan
(ANF)
(Jennifer.F.Sullivan@MassMail.State.MA.US);
Doolin,
James;
Garrity,
Rob
(DOT);
Frazier,
Ricks
(EOHED);
Kreuter,
Erica
(EOHED)
Cc:
Ash,
Jay
(EOHED);
Lepore,
Kristen
(ANF)
Subject:
Project
Plum
I
am
emailing
a
group
of
people
that
I
hope
can
work
as
a
team
this
weekend
and
into
Monday
to
advance
the
Project
Plum
work.
As
you
know,
we
presented
a
proposal
to
Plum
that
relies
heavily
on
ICubed
and
Massworks
funding,
and
we
also
suggested
some
sites.
The
good
news
from
today
is
that
we
are
very
much
in
the
game
here,
and
the
company
will
be
visiting
Boston
on
Wednesday
to
look
at
sites,
with
a
significant
internal
meeting
in
about
10
days.
(Note
not
clear
yet
what
involvement
they
want
from
us
on
Wednesday,
possibly
none
though
of
course
we
are
pushing).
As
Steve
and
Sec.
Lepore
and
I
just
discussed,
we
think
our
mission
at
this
point
is
to
make
this
proposed
infrastructure
funding
more
tangible
for
them
how
could
these
dollars
be
used
to
the
direct
benefit
of
their
project?
Said
differently,
our
~$100
MM
dollar
proposal
was
$80
MM
ICubed/MassWorks
and
$20
MM
local
property
tax
incentives;
they
know
how
to
value
the
$20
MM
but
are
unsure
how
to
value
the
$80
MM,
and
we
need
this
proposal
to
look
a
lot
closer
to
$100
MM
than
$20
MM,
especially
in
the
face
of
competition
offering
incentives
that
are
much
easier
to
value.
To
that
end,
there
are
two
deliverables
that
we
would
like
to
send
to
the
company
by
noon
on
Monday:
1.
A
list/discussion
of
historical
examples
of
ICubed
and
MassWorks
projects.
I
have
attached
a
draft
memo
from
Erica
and
the
language
that
Jen
provided
for
our
letter.
What
other
examples
can
we
provide,
and
in
what
level
of
detail,
specifically
ones
that
are
as
analogous
as
possible
to
their
project?
2.
Specific
examples
of
how
ICubed
and
MassWorks
could
be
deployed
at
the
MCCA
and
Massport
sites.
I
have
attached
information
about
those
sites.
No
site
or
building
has
been
ruled
out,
but
initial
guidance
from
Plums
location
advisor
was
to
focus
on
the
sites
vs.
the
buildings.
Could
I
ask
the
following:
1.
Could
folks
start
giving
consideration
to
#1
and
#2
above
and
develop
specific
ideas.
2.
Could
you
please
also
suggest
(if
applicable)
others
from
your
organization
that
could
help
in
this
effort.
3.
Can
we
all
get
on
a
call
tomorrow
at
4:30pm
to
discuss.
On
the
call
tomorrow,
I
would
like
to
review
what
we
think
the
deliverables
should
look
like
and
discuss
specific
examples.
We
can
then
decide
what
other
needs
we
may
have,
and
plan
the
work
over
Sunday
and
into
Monday.
I
hope
all
of
that
makes
sense
and,
as
always,
please
call
with
questions.
Please
respond
as
soon
as
you
can
with
respect
to
your
availability
tomorrow
at
4:30pm.
All
the
best,
Mike
Mike
Kennealy
Assistant
Secretary
for
Business
Growth
The
Commonwealth
of
Massachusetts
Executive
Office
of
Housing
&
Economic
Development
One
Ashburton
Place,
Room
2101
Boston,
MA
02108
Office:
6177883640
Cell:
6176344762
From:
To:
Cc:
Subject:
Date:

Re: Project Plum

Mike Kennealy
Sent from my iPhone
Mike Kennealy
Did you ask massport to help with the marketing
materials? They have a marketing department. I asked
Jen to make that request.
Sent from my iPhone
On Dec 5, 2015, at 6:26 PM, Kennealy, Michael
(EOHED)
Steve, it was a productive call discussing the
various ways I-Cubed/MassWorks could be
utilized to their benefit on our sites while
maintaining public benefit and other statute
requirements. Jay, Ricks and I are speaking
tomorrow AM in more detail re:
MassWorks and Jen needs to consult
outside counsel on some I-Cubed matters.
Will reconvene larger group after Jen has
what she needs. Goal is to develop very
specific scenarios on use of funds on our

sites. Jay is back and was on call and may
have more to add.
Mike Kennealy
On Dec 5, 2015, at 2:26 PM, Kadish, Steven
(GOV)
wrote:
Not sure that I will be able to
make, but I would like an
update.
Will you be scheduling a call
tomorrow?
Sent from my iPhone
On Dec 5, 2015, at 11:01 AM,
wrote:
Call info
Mike Kennealy
Begin forwarded
message:
From:
"Kennealy,
Michael
(EOHED)"
Date:
December
5,
2015
at
8:07:26
AM
EST
To:
"Kennealy,
Michael
(EOHED)"
"Sullivan,
Jennifer
F.
(ANF)"
"Doolin,
James"
"Garrity,
Rob
(DOT)"
"Frazier,
Ricks
(EOHED)"
"Kreuter,
Erica
(EOHED)"
Cc:
"Ash,
Jay
(EOHED)"
"Lepore,
Kristen
(ANF)"
Subject:
RE:
Project
Plum
It looks
like we
have folks
available
for a call
at
4:30pm
today.
Please
use this
number:
Looking
forward
to
speaking
then
and
discussing
ideas
from
the
group.
Mike
From:
Kennealy,
Michael
(EOHED)
Sent:
Friday,
December
04,
2015
6:23
PM
To:
Jennifer
F.
Sullivan
(ANF)
Doolin,
James;
Garrity,
Rob
(DOT);
Frazier,
Ricks
(EOHED);
Kreuter,
Erica
(EOHED)
Cc:
Ash,
Jay
(EOHED);
Lepore,
Kristen
(ANF)
Subject:
Project
Plum
I am
emailing
a
group
of
people
that I
hope
can
work
as a
team
this
weekend
and
into
Monday
to
advance
the
Project
Plum
work.
As you
know,
we
presented
a
proposal
to
Plum
that
relies
heavily
on ICubed
and
Massworks
funding,
and we
also
suggested
some
sites.
The
good
news
from
today
is that
we are
very
much
in the
game
here,
and
the
company
will be
visiting
Boston
on
Wednesday
to look
at
sites,
with a
significant
internal
meeting
in
about
10
days.
(Note
not
clear
yet
what
involvement
they
want
from
us on
Wednesday,
possibly
none
though
of
course
we are
pushing).
As
Steve
and
Sec.
Lepore
and I
just
discussed,
we
think
our
mission
at this
point is
to
make
this
proposed
infrastructure
funding
more
tangible
for
them
how
could
these
dollars
be
used
to the
direct
benefit
of their
project?
Said
differently,
our
~$100
MM
dollar
proposal
was
$80
MM ICubed/MassWorks
and
$20
MM
local
property
tax
incentives;
they
know
how to
value
the
$20
MM
but are
unsure
how to
value
the
$80
MM,
and we
need
this
proposal
to look
a lot
closer
to
$100
MM
than
$20
MM,
especially
in the
face of
competition
offering
incentives
that
are
much
easier
to
value.
To that
end,
there
are
two
deliverables
that
we
would
like to
send
to the
company
by
noon
on
Monday:
1.
A
list/discussion
of
historical
examples
of
ICubed
and
MassWorks
projects.
I
have
attached
a
draft
memo
from
Erica
and
the
language
that
Jen
provided
for
our
letter.
What
other
examples
can
we
provide,
and
in
what
level
of
detail,
specifically
ones
that
are
as
analogous
as
possible
to
their
project?
2.
Specific
examples
of
how
ICubed
and
MassWorks
could
be
deployed
at
the
MCCA
and
Massport
sites.
I
have
attached
information
about
those
sites.
No
site
or
building
has
been
ruled
out,
but
initial
guidance
from
Plums
location
advisor
was
to
focus
on
the
sites
vs.
the
buildings.
Could I
ask the
following:
1.
Could
folks
start
giving
consideration
to
#1
and
#2
above
and
develop
specific
ideas.
2.
Could
you
please
also
suggest
(if
applicable)
others
from
your
organization
that
could
help
in
this
effort.
3.
Can
we
all
get
on
a
call
tomorrow
at
4:30pm
to
discuss.
On the
call
tomorrow,
I would
like to
review
what
we
think
the
deliverables
should
look
like
and
discuss
specific
examples.
We
can
then
decide
what
other
needs
we
may
have,
and
plan
the
work
over
Sunday
and
into
Monday.
I hope
all of
that
makes
sense
and, as
always,
please
call
with
questions.
Please
respond
as
soon
as you
can
with
respect
to your
availability
tomorrow
at
4:30pm.
All the
best,
Mike
Mike
Kennealy
Assistant
Secretary
for
Business
Growth
The
Commonwealth
of
Massachusetts
Executive
Office
of
Housing
&
Economic
Development
One
Ashburton
Place,
Room
2101
Boston,
MA
02108
Office:
6177883640
Cell:
6176344762
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

Kadish, Steven (GOV); Lepore, Kristen (ANF)
RE: Project Plum
Steve and I will talk, and then we'll figure out if we need a phone call.
________________________________________
Cc: Ash, Jay (EOHED); Kennealy, Michael (EOHED)
Should/can we do a call tonight?
Thx.
Sent from my iPhone
> On Dec 6, 2015, at 11:53 AM, Lepore, Kristen (ANF)
>
> We need to get the tax exempt question answered.
>
>
>> On Dec 6, 2015, at 11:45 AM, Ash, Jay (EOHED)
>>
>> From today's call - MassWorks is most flexible, allowing for private
>> ________________________________________
>> From: Kadish, Steven (GOV)
>> Sent: Sunday, December 06, 2015 8:03 AM
>> Cc: Lepore, Kristen (ANF); Ash, Jay (EOHED)
>> Subject: Re: Project Plum
>>
>> Thanks for the info.
>> I'll be on the road then, so I'm iffy about joining.
>> In any case, look forward to an update.
>>
>>
>> On Dec 6, 2015, at 7:47 AM, Kennealy, Michael (EOHED)
ate.MA.US>> wrote:
>>
>> 10am. Just sent info.
>>
>> Mike Kennealy

>>
>> On Dec 6, 2015, at 7:21 AM, Kadish, Steven (GOV)
.US>> wrote:
>>
>> Please let me know when today's call is and I will try to join you.
>>
>>
>> On Dec 5, 2015, at 8:19 PM, Kennealy, Michael (EOHED)
ate.MA.US>> wrote:
>>
>> Discussed in concept on call and just emailed Jim D.
>>
>> Mike Kennealy
>>
>> On Dec 5, 2015, at 6:48 PM, Lepore, Kristen (ANF)
MA.US>> wrote:
>>
>> Did you ask massport to help with the marketing materials? They have a
marketing department. I asked Jen to make that request.
>>
>>
>> On Dec 5, 2015, at 6:26 PM, Kennealy, Michael (EOHED)
ate.ma.us>> wrote:
>>
>> Steve, it was a productive call discussing the various ways
>>
>> Mike Kennealy
>>
.US>> wrote:
>>
>> Not sure that I will be able to make, but I would like an update.
>>
>> Will you be scheduling a call tomorrow?
>> I can do after 5 pm.
>>
>>
ate.MA.US>> wrote:
>>
>> Call info

>>
>> Mike Kennealy
>>
>> Begin forwarded message:
>>
>> From: "Kennealy, Michael (EOHED)"
ate.MA.US>>
>> Date: December 5, 2015 at 8:07:26 AM EST
>> To: "Kennealy, Michael (EOHED)"
.US>>
>> Cc: "Ash, Jay (EOHED)"
MA.US>>
>> Subject: RE: Project Plum
>>
>> It looks like we have folks available for a call at 4:30pm today.
>>
>>
access code
>>
>> Looking forward to speaking then and discussing ideas from the group.
>>
>> Mike
>>
>> ________________________________
>> Sent: Friday, December 04, 2015 6:23 PM
>> To: Jennifer F. Sullivan (ANF)
>> Cc: Ash, Jay (EOHED); Lepore, Kristen (ANF)
>> Subject: Project Plum
>>
>> I am emailing a group of people that I hope can work as a team this
>>
>> As Steve and Sec. Lepore and I just discussed, we think our mission at
this point is to make this proposed infrastructure funding more tangible
for them how could these dollars be used to the direct benefit of their
project? Said differently, our ~$100 MM dollar proposal was $80 MM
I-Cubed/MassWorks and $20 MM local property tax incentives; they know how
to value the $20 MM but are unsure how to value the $80 MM, and we need
this proposal to look a lot closer to $100 MM than $20 MM, especially in
the face of competition offering incentives that are much easier to value.
>>
>> To that end, there are two deliverables that we would like to send to
>>
>>
>> 1. A list/discussion of historical examples of I-Cubed and
>>
>>
>> 2. Specific examples of how I-Cubed and MassWorks could be
buildings.
>>
>> Could I ask the following:
>>
>>
>> 1. Could folks start giving consideration to #1 and #2 above and
>>
>>
>> 2. Could you please also suggest (if applicable) others from your
>>
>>
>> 3. Can we all get on a call tomorrow at 4:30pm to discuss.
>>
>> On the call tomorrow, I would like to review what we think the
into Monday.
>>
>> I hope all of that makes sense and, as always, please call with
>>
>> All the best,
>> Mike
>>
>> Mike Kennealy
>> Assistant Secretary for Business Growth
>> The Commonwealth of Massachusetts
>> Executive Office of Housing & Economic Development
>> One Ashburton Place, Room 2101
>> Boston, MA 02108
>> Office: 617-788-3640

>> Cell: 617-634-4762
>> michael.kennealy@state.ma.us<mailto:michael.kennealy@state.ma.us>
>>
>>
From:
To:

Kennealy, Michael (EOHED); Garrity, Rob (DOT); Doolin, James; Sullivan, Jennifer F. (ANF); Frazier, Ricks
Ash, Jay (EOHED); Lepore, Kristen (ANF); Kadish, Steven (GOV)
Re: Project Plum
Cc:
Subject:
Date:
If you are joining the 10am please use this number instead (previous number can only
accommodate limited number of callers)
Mike Kennealy
Same number tomorrow please 10am Jay, Mike, Ricks, Erica, others if interested
and available. Whole group to reconvene when Jen has feedback from outside
counsel.
Mike Kennealy
access code
Mike

To: Jennifer F. Sullivan (ANF) (Jennifer.F.Sullivan@MassMail.State.MA.US);
Doolin, James; Garrity, Rob (DOT); Frazier, Ricks (EOHED); Kreuter, Erica
(EOHED)
I am emailing a group of people that I hope can work as a team this

weekend and into Monday to advance the Project Plum work. As you
know, we presented a proposal to Plum that relies heavily on I-Cubed and
Massworks funding, and we also suggested some sites. The good news
from today is that we are very much in the game here, and the company
will be visiting Boston on Wednesday to look at sites, with a significant
internal meeting in about 10 days. (Note not clear yet what
involvement they want from us on Wednesday, possibly none though of

course we are pushing).
As Steve and Sec. Lepore and I just discussed, we think our mission at this
point is to make this proposed infrastructure funding more tangible for
them how could these dollars be used to the direct benefit of their
project? Said differently, our ~$100 MM dollar proposal was $80 MM ICubed/MassWorks and $20 MM local property tax incentives; they know
how to value the $20 MM but are unsure how to value the $80 MM, and
we need this proposal to look a lot closer to $100 MM than $20 MM,
especially in the face of competition offering incentives that are much
easier to value.
To that end, there are two deliverables that we would like to send to the
company by noon on Monday:
1. A list/discussion of historical examples of I-Cubed and MassWorks

projects. I have attached a draft memo from Erica and the
language that Jen provided for our letter. What other examples
can we provide, and in what level of detail, specifically ones that
are as analogous as possible to their project?
2. Specific examples of how I-Cubed and MassWorks could be

deployed at the MCCA and Massport sites. I have attached
information about those sites. No site or building has been ruled
out, but initial guidance from Plums location advisor was to focus
1. Could folks start giving consideration to #1 and #2 above and

2. Could you please also suggest (if applicable) others from your
On the call tomorrow, I would like to review what we think the

decide what other needs we may have, and plan the work over Sunday
and into Monday.
I hope all of that makes sense and, as always, please call with questions.
Please respond as soon as you can with respect to your availability
tomorrow at 4:30pm.
All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:

Re: Project Plum
Sent from my iPhone
Mike Kennealy
Did you ask massport to help with the marketing materials? They
have a marketing department. I asked Jen to make that request.
Sent from my iPhone
Steve, it was a productive call discussing the various
ways I-Cubed/MassWorks could be utilized to their
benefit on our sites while maintaining public benefit and
other statute requirements. Jay, Ricks and I are speaking
tomorrow AM in more detail re: MassWorks and Jen
needs to consult outside counsel on some I-Cubed
matters. Will reconvene larger group after Jen has what
she needs. Goal is to develop very specific scenarios on
use of funds on our sites. Jay is back and was on call
and may have more to add.
Mike Kennealy
Not sure that I will be able to make, but I
would like an update.

Sent from my iPhone
On Dec 5, 2015, at 11:01 AM, Kennealy,
Michael (EOHED)
wrote:
Call info
Mike Kennealy
From: "Kennealy,
Michael
(EOHED)"
Date: December 5,
2015 at 8:07:26
AM EST
To: "Kennealy,
Michael
(EOHED)"
"Sullivan, Jennifer
F. (ANF)"
"Doolin, James"
"Garrity, Rob
(DOT)"
"Frazier, Ricks
(EOHED)"
"Kreuter, Erica
(EOHED)"
Cc: "Ash, Jay
(EOHED)"
"Lepore, Kristen
(ANF)"
Subject: RE:
Project Plum
It looks like we have folks
available for a call at
4:30pm today. Please use
this number:
Looking forward to
speaking then and
discussing ideas from
the group.
Mike
From: Kennealy,
Michael (EOHED)
Sent: Friday,
December 04, 2015
6:23 PM
To: Jennifer F.
Sullivan (ANF)
Doolin, James;
Garrity, Rob (DOT);
Frazier, Ricks
(EOHED); Kreuter,
Erica (EOHED)
Cc: Ash, Jay
(EOHED); Lepore,
Kristen (ANF)
Subject: Project
Plum
I am emailing a
group of people that
I hope can work as a
team this weekend
and into Monday to
advance the Project
Plum work. As you
know, we presented
a proposal to Plum
that relies heavily
on I-Cubed and
Massworks funding,
and we also
suggested some
sites. The good

news from today is
that we are very
much in the game
here, and the
company will be
visiting Boston on
Wednesday to look
at sites, with a
significant internal
meeting in about 10
days. (Note not
clear yet what
involvement they
want from us on
Wednesday,
possibly none
though of course we
are pushing).
As Steve and Sec.

Lepore and I just
discussed, we think
our mission at this
point is to make this
proposed
infrastructure
funding more
tangible for them
how could these
dollars be used to
the direct benefit of
their project? Said
differently, our
~$100 MM dollar
proposal was $80
MM ICubed/MassWorks
and $20 MM local
property tax
incentives; they
know how to value
the $20 MM but are
unsure how to value
the $80 MM, and
we need this
proposal to look a
lot closer to $100
MM than $20 MM,
especially in the
face of competition
offering incentives
that are much easier
to value.
To that end, there

are two deliverables
that we would like
to send to the
company by noon
on Monday:
1. A
list/discussion
of historical
examples of
I-Cubed and
MassWorks
projects. I
have
attached a
draft memo
from Erica
and the
language
that Jen
provided for
our letter.
What other
examples
can we
provide, and
in what level
of detail,
specifically
ones that
are as
analogous
as possible
to their
project?
2. Specific
examples of
how I-Cubed
and
MassWorks
could be
deployed at
the MCCA
and
Massport
sites. I have
attached
information
about those
sites. No
site or
building has
been ruled
out, but
initial
guidance
from Plums
location
advisor was
to focus on
the sites vs.
the
buildings.
Could I ask the

following:
1. Could folks
start giving
consideration
to #1 and #2
above and
develop
specific
ideas.
2. Could you
please also
suggest (if
applicable)
others from
your
organization
that could
help in this
effort.
3. Can we all
get on a call
tomorrow at
4:30pm to
discuss.
On the call
tomorrow, I would
like to review what
we think the
deliverables should
look like and discuss
specific examples.
We can then decide
what other needs
we may have, and
plan the work over
Sunday and into
Monday.
I hope all of that

makes sense and, as
always, please call
with questions.
Please respond as
soon as you can
with respect to your
availability
tomorrow at
4:30pm.
All the best,

Mike
Mike Kennealy
Assistant Secretary
for Business Growth

The Commonwealth
of Massachusetts
Executive Office of
Housing & Economic
Development
One Ashburton
Place, Room 2101
Boston, MA 02108
Office: 617-7883640
Cell: 617-634-4762
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

RE: Project Plum
At airport for another 90 minutes. Call if you can.

Date: 12/05/2015 9:08 AM (GMT-04:00)
To: "Kennealy, Michael (EOHED)" <Michael.kennealy@MassMail.State.MA.US>, "Sullivan,
Jennifer F. (ANF)" <Jennifer.F.Sullivan@MassMail.State.MA.US>, "Doolin, James"
<JDoolin@massport.com>, "Garrity, Rob (DOT)" <rob.garrity@dot.state.ma.us>, "Frazier,
Ricks (EOHED)" <ricks.frazier@MassMail.State.MA.US>, "Kreuter, Erica (EOHED)"
Cc: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>, "Lepore, Kristen (ANF)"
access code
Mike

To: Jennifer F. Sullivan (ANF) (Jennifer.F.Sullivan@MassMail.State.MA.US); Doolin, James; Garrity, Rob
(DOT); Frazier, Ricks (EOHED); Kreuter, Erica (EOHED)
I am emailing a group of people that I hope can work as a team this weekend and into Monday to
advance the Project Plum work. As you know, we presented a proposal to Plum that relies heavily
on I-Cubed and Massworks funding, and we also suggested some sites. The good news from today
is that we are very much in the game here, and the company will be visiting Boston on Wednesday
to look at sites, with a significant internal meeting in about 10 days. (Note not clear yet what
involvement they want from us on Wednesday, possibly none though of course we are pushing).
As Steve and Sec. Lepore and I just discussed, we think our mission at this point is to make this
proposed infrastructure funding more tangible for them how could these dollars be used to the
direct benefit of their project? Said differently, our ~$100 MM dollar proposal was $80 MM ICubed/MassWorks and $20 MM local property tax incentives; they know how to value the $20 MM
but are unsure how to value the $80 MM, and we need this proposal to look a lot closer to $100
MM than $20 MM, especially in the face of competition offering incentives that are much easier to
value.
To that end, there are two deliverables that we would like to send to the company by noon on
Monday:
1. A list/discussion of historical examples of I-Cubed and MassWorks projects. I have attached

a draft memo from Erica and the language that Jen provided for our letter. What other
examples can we provide, and in what level of detail, specifically ones that are as analogous
as possible to their project?
2. Specific examples of how I-Cubed and MassWorks could be deployed at the MCCA and
Massport sites. I have attached information about those sites. No site or building has been
ruled out, but initial guidance from Plums location advisor was to focus on the sites vs. the
buildings.
1. Could folks start giving consideration to #1 and #2 above and develop specific ideas.
2. Could you please also suggest (if applicable) others from your organization that could help in
this effort.
On the call tomorrow, I would like to review what we think the deliverables should look like and
discuss specific examples. We can then decide what other needs we may have, and plan the work
over Sunday and into Monday.
I hope all of that makes sense and, as always, please call with questions. Please respond as soon as
you can with respect to your availability tomorrow at 4:30pm.
All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:
Kreuter, Erica (EOHED)
Re: Project Plum
Thanks! Nothing needed in advance.

Mike Kennealy
On Dec 5, 2015, at 8:23 PM, Kreuter, Erica (EOHED)
<Erica.Kreuter@MassMail.State.MA.US> wrote:
Yes. I will be on the call tomorrow. Sorry I missed today's call, let me know if
there is anything you need from me in advance of tomorrow's call.
Thanks
Erica Kreuter
Director, MassWorks Infrastructure Program
One Ashburton Place, Suite 2101 | Boston, MA 02108
Office:(617)788-3631| Email:Erica.Kreuter@state.ma.us
www.mass.gov/mpro|@massworks
On Dec 5, 2015, at 8:21 PM, "Kennealy, Michael (EOHED)"

No problem. Can you join 10am tomorrow
Mike Kennealy
On Dec 5, 2015, at 5:02 PM, Kreuter, Erica (EOHED)
<Erica.Kreuter@MassMail.State.MA.US> wrote:
Mike,
I tried joining the conference line, but I was not able to
join because the line had been maxed out.
Thanks,
Erica
Erica Kreuter
Director, MassWorks Infrastructure Program
One Ashburton Place, Suite 2101 | Boston, MA 02108

Office:(617)788-3631| Email:Erica.Kreuter@state.ma.us
www.mass.gov/mpro|@massworks
On Dec 5, 2015, at 8:08 AM, "Kennealy, Michael

(EOHED)"
access code
Looking forward to speaking then and discussing

ideas from the group.
Mike

Doolin, James; Garrity, Rob (DOT); Frazier, Ricks
I am emailing a group of people that I hope can

work as a team this weekend and into Monday
to advance the Project Plum work. As you
know, we presented a proposal to Plum that
relies heavily on I-Cubed and Massworks
funding, and we also suggested some sites.
The good news from today is that we are very
much in the game here, and the company will
be visiting Boston on Wednesday to look at
sites, with a significant internal meeting in
about 10 days. (Note not clear yet what
involvement they want from us on
Wednesday, possibly none though of course
we are pushing).
As Steve and Sec. Lepore and I just discussed,

we think our mission at this point is to make
this proposed infrastructure funding more
tangible for them how could these dollars be
used to the direct benefit of their project?
Said differently, our ~$100 MM dollar proposal
was $80 MM I-Cubed/MassWorks and $20
MM local property tax incentives; they know

how to value the $20 MM but are unsure how
to value the $80 MM, and we need this
proposal to look a lot closer to $100 MM than
$20 MM, especially in the face of competition
offering incentives that are much easier to
value.
To that end, there are two deliverables that we

would like to send to the company by noon on
Monday:
1. A list/discussion of historical examples

of I-Cubed and MassWorks projects. I
have attached a draft memo from
Erica and the language that Jen
provided for our letter. What other
examples can we provide, and in what
level of detail, specifically ones that are
as analogous as possible to their
project?
2. Specific examples of how I-Cubed and

MassWorks could be deployed at the
MCCA and Massport sites. I have
attached information about those
sites. No site or building has been
ruled out, but initial guidance from
Plums location advisor was to focus on
the sites vs. the buildings.
1. Could folks start giving consideration

to #1 and #2 above and develop
specific ideas.
2. Could you please also suggest (if

applicable) others from your
organization that could help in this
effort.
3. Can we all get on a call tomorrow at

4:30pm to discuss.
On the call tomorrow, I would like to review

what we think the deliverables should look like
and discuss specific examples. We can then
decide what other needs we may have, and
plan the work over Sunday and into Monday.
I hope all of that makes sense and, as always,

please call with questions. Please respond as
soon as you can with respect to your
All the best,

Mike
Mike Kennealy
Executive Office of Housing & Economic
Development
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:

Sullivan, Jennifer F. (ANF); Frazier, Ricks (EOHED); Ross, Robert (ANF)
Povich, Lon (GOV); Cosco, Jonathan (EOHED); Lepore, Kristen (ANF)
RE: Project Plum
Sure
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>; Frazier, Ricks (EOHED)
<ricks.frazier@MassMail.State.MA.US>; Ross, Robert (ANF) <robert.ross2@MassMail.State.MA.US>
Cc: Povich, Lon (GOV) <lon.povich@MassMail.State.MA.US>; Cosco, Jonathan (EOHED)
<Jonathan.Cosco@MassMail.State.MA.US>; Lepore, Kristen (ANF)
Can we get on a call now?

To: Sullivan, Jennifer F. (ANF); Frazier, Ricks (EOHED); Ross, Robert (ANF)
Cc: Povich, Lon (GOV); Cosco, Jonathan (EOHED); Lepore, Kristen (ANF)
We are increasing the MassWorks number to $40 million.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US>; Ross, Robert (ANF)
<robert.ross2@MassMail.State.MA.US>
<Jonathan.Cosco@MassMail.State.MA.US>; Kennealy, Michael (EOHED)
<Michael.kennealy@MassMail.State.MA.US>; Lepore, Kristen (ANF)
Tax credits under the Economic Development Incentive Program (EDIP) up to

ten percent of the qualifying investment in a certified project [or approximately
$20-30 million], to be available over a period of five years. [where does the 5 year
limit come from?]
Up to $32M in grants under the MassWorks program. [Is this $32M an estimate
of how much qualifying infrastructure they would need? Could it be increased if
expended over a period of years, if cap were available to do so?]
A local tax incentive with a value of $20M over multiple years.

To: Ross, Robert (ANF); Sullivan, Jennifer F. (ANF)
Cc: Povich, Lon (GOV); Cosco, Jonathan (EOHED); Kennealy, Michael (EOHED); Lepore, Kristen (ANF)
Bob and Jennifer
Thank you for your assistance.
Ricks
From:
To:
Cc:
Subject:
Date:
Attachments:

Sullivan, Jennifer F. (ANF); Frazier, Ricks (EOHED); Ross, Robert (ANF)
Povich, Lon (GOV); Cosco, Jonathan (EOHED); Lepore, Kristen (ANF)
RE: Project Plum
Plum memo Nov 30.docx
FYI this is the format I suggest using for the cover memo. We would therefore be submitting 3
items today:
This memo, with language from the City and language from DEP inserted when available; I
am adding MassWorks language now. Awaiting guidance from BRA now on construction
cost/sf; this will drive the calculation of the likely EDIP award which I will then express on a
per job basis too.
Ricks memo
Application materials and other info on IBM and Liberty Mutual
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US>; Ross, Robert (ANF)
<robert.ross2@MassMail.State.MA.US>
<Jonathan.Cosco@MassMail.State.MA.US>; Kennealy, Michael (EOHED)
<Michael.kennealy@MassMail.State.MA.US>; Lepore, Kristen (ANF)
Thanks, I am reviewing now.

To: Ross, Robert (ANF); Sullivan, Jennifer F. (ANF)
Cc: Povich, Lon (GOV); Cosco, Jonathan (EOHED); Kennealy, Michael (EOHED); Lepore, Kristen (ANF)
Bob and Jennifer
Thank you for your assistance.
Ricks
MEMORANDUM
TO:
Amy Eisenstadt, State Tax Counsel, General Electric Company
FROM:
Mike Kennealy, Assistant Secretary for Business Growth, Commonwealth of

Massachusetts
John Barros, Chief of Economic Development, City of Boston
DATE:
November 30, 2015
RE:
Project Plum State and City tax incentives
Amy, we are pleased to provide to you today the following:

- Summary of anticipated incentives (below)
- Memo summarizing statutory authority, application process, and other information with
respect to State incentive programs.
- Application materials, minutes, and resolutions for the IBM and Liberty Mutual EDIP
awards.
We will make a full submission of our proposal to Ann Klee tomorrow including suggested sites
and other benefits. As currently contemplated, our incentive package would include the
following:
Economic Development Incentive Program (EDIP) tax incentives
MassWorks funding
Local property tax abatement
Environmental remediation funds
I-Cubed
The State and City are still prepared to invest $50 million through the States Infrastructure
Investment Incentive (I-Cubed) program for construction of a parking facility and the
foundation for a high rise above the garage as detailed in our proposal dated November 21.
Note based on statutory restrictions we would utilize either I-Cubed or a combination of EDIP
and MassWorks.
The total incentive package we are proposing therefore is $ ___ to $ ___
From:
To:
Cc:
Subject:
Date:

Pham, Nam (EOHED); Cosco, Jonathan (EOHED); Frazier, Ricks (EOHED)
Cosco, Jonathan (EOHED); Milano, Peter (MOBD)
RE: Project Plum
Nam,
We dont need the budget
We really need the information on Liberty Mutual and IBM ASAP
Whatever can be refundable will be refundable; there will be no special legislation
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Cosco, Jonathan (EOHED) <Jonathan.Cosco@MassMail.State.MA.US>; Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US>;
Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>
Cc: Pham, Nam (EOHED) <nam.pham@MassMail.State.MA.US>; Cosco, Jonathan (EOHED) <Jonathan.Cosco@MassMail.State.MA.US>
I have asked Anamarie to review our existing projections of EDIP awards to determine what we may have available. In the past,
there was one year that the Secretary gave more than the cap. So if needs be, there is precedent.
In short, we can do it, just not much refundable.
A special legislation would make more possible.
-------- Original message -------From: "Cosco, Jonathan (SEA)" <jonathan.cosco@massmail.state.ma.us>

Date: 11/29/2015 5:04 PM (GMT-05:00)
To: "Frazier, Ricks (EOHED)" <ricks.frazier@MassMail.State.MA.US>, "Kennealy, Michael (EOHED)"
Cc: "Pham, Nam (EOHED)" <nam.pham@MassMail.State.MA.US>, "Cosco, Jonathan (EOHED)"
<Jonathan.Cosco@MassMail.State.MA.US>
Thanks Ricks.
me to forward it please let me know.
Jon
________________________________________
To: Cosco, Jonathan (EOHED); Kennealy, Michael (EOHED)
Cc: 'nam.pham@state.ma.us'
Jon
Ricks
I assume you will send this to Lon and whomever else needs to see it this evening? Or if you want

To: Kennealy, Michael (EOHED); Frazier, Ricks (EOHED)
Cc: 'nam.pham@state.ma.us'; Cosco, Jonathan (EOHED)
Here is a first draft.
Havent even had a chance to read

through yet for typos.
___________________________________________
Jonathan M. Cosco
One Ashburton Place, 21st Floor
Boston, MA 02114
617-788-3628
jonathan.cosco@state.ma.us<mailto:jonathan.cosco@state.ma.us>

Sent: Sunday, November 29, 2015 11:38 AM
To: Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Milano, Peter (MOBD)
___________________________________________
Jonathan M. Cosco
One Ashburton Place, 21st Floor
Boston, MA 02114
617-788-3628
jonathan.cosco@state.ma.us<mailto:jonathan.cosco@state.ma.us>

To: Frazier, Ricks (EOHED); Milano, Peter (MOBD); Cosco, Jonathan (EOHED); Servetnick, Adrian (EOHED)
Forgot to attach document - here it is.
________________________________
To: Milano, Peter (MOBD); Kennealy, Michael (EOHED); Cosco, Jonathan (EOHED); Servetnick, Adrian (EOHED)
PRIVILEGED ATTORNEY-CLIENT COMMUNICATION
Mike -- I
Ricks
From: Milano, Peter (MOBD)
To: Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Cosco, Jonathan (EOHED); Servetnick, Adrian (EOHED)
Hi all,
Mike, you have summed the call up well. I may be simply rephrasing a few items, but they asked additionally:
* Can Massworks be used for building renovations to publically owned building?
* What if they choose a privately owned building? How will this affect incentive offer?
* Co. seeking a MOU prior to application process for EDIP and Massworks.
* We need to provide the Liberty Mutual and IBM deals for their review. (I do believe the EDIP team can provide this info Monday morning.) I will be sure to
gather this info.
Regards,
Peter
Peter Milano
Senior Director, Business Development
(978) 970-1193
Building 5
Lawrence, MA 01843
www.mass.gov/mobd<https://urldefense.proofpoint.com/v2/url?u=http3A__www.mass.gov_mobd&d=BQMFAw&c=wgu6hzw1MOrcVMSMqu8IcS59mhBvl1Fc7tKn_Em0PVg&r=Yuk4lmTMoPibjekLWCuQqezcVefoEgXmdWWA8DeSYI&m=9CSSqQXeHq44CDtozlaS0Pt2WwgJnIfyjxb0VjkL04c&s=FGuVe0QV5bTJjIF2NWtcMHweGkIa7C1iL0SY8rGege8&e=>
This communication and any communication incorporated herein, including attachments, may be subject to public disclosure as a public record, as defined by
M. G. L. c. 4, 7, and subject to public inspection, examination and copying pursuant to M. G. L. c. 66, 10. Any communication with this agency whether in
response to this communication or otherwise may itself be subject to public inspection and copying pursuant to M. G. L. c. 66, 10, unless protected by statutory
exemption.
To: Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US<mailto:ricks.frazier@MassMail.State.MA.US>>; Cosco, Jonathan (EOHED)
<Jonathan.Cosco@MassMail.State.MA.US<mailto:Jonathan.Cosco@MassMail.State.MA.US>>; Milano, Peter (MOBD)
<peter.milano@MassMail.State.MA.US<mailto:peter.milano@MassMail.State.MA.US>>; Servetnick, Adrian (EOHED)
<Adrian.Servetnick@MassMail.State.MA.US<mailto:Adrian.Servetnick@MassMail.State.MA.US>>
Folks,
As Jon and Peter know from our call yesterday, we are facing an urgent and close deadline on Project Plum. We will need to pull all materials together for our
offer by 12pm on Monday. There are a number of components of the offer, but the items most relevant for the folks on this email relate to EDIP and MassWorks.
Specifically what we need are:
1. The language of the statute of each program or a summary thereof (Ricks, Jon).
u
- Confirmation of what portion of the award can be refundable. My understanding is that we could by statute do $1 MM of a JCP and $5 MM of EEP, and then for
an award of $9.6 MM per year for 5 years, this would mean $3.6 MM would not be refundable.
- Confirmation that we can do the up to $32 MM in MassWorks that we are offering, and
- Application process and requirements for each of EDIP and MassWorks This is all available on the MOBD and MW websites.
- For MassWorks, and this will likely be in the statute,
2. What was in the public record for the Liberty Mutual deal which we discussed as an example. I think we should provide:
- Press releases - Peter has sent me Boston's but we need anything from HED (Adrian)
- Application (Jon has already asked Ann Marie to pull - can she do this early enough on Monday? Can anybody reach her this weekend?)
- EACC minutes (Jon has already asked Ann Marie to pull - can she do this early enough on Monday? Can anybody reach her this weekend?)
- Anything else in the public domain (Adrian)
With respect to the public record, most of the documentation related to these projects are public records whether previously released or not. The question will
be what you can find in the time available as opposed to what is public.
Jon and Peter - please let me know if I have overlooked anything from our call yesterday.
If folks could let me know very soon when all of this could be ready that would be much appreciated - I
have a call with the Governor's office and various Secretaries tomorrow at noon; I have said that we would be responsible for this info and would like to be able to
provide an update then.
Thanks,
Mike
From:
To:
Subject:
Date:

Kennealy, Michael (EOHED); Cosco, Jonathan (EOHED); Frazier, Ricks (EOHED)
RE: Project Plum
I'm on
________________________________________
To: Cosco, Jonathan (EOHED); Frazier, Ricks (EOHED)
Can we dial back in here at 1:45pm?
access code
________________________________________
To: Frazier, Ricks (EOHED); Kennealy, Michael (EOHED)
Can we round up again quickly?

Ok
Sent from my iPhone
> On Nov 29, 2015, at 10:46 AM, Kennealy, Michael (EOHED)
>
> Number below
>
PIN
>
> This is with Kadish, Cabinet.
>
> ________________________________________
> From: Cosco, Jonathan (EOHED)
> Sent: Sunday, November 29, 2015 11:44 AM
>
> Yes, same call-in info or a different line?
>
>
> -----Original Message----> From: Kennealy, Michael (EOHED)
> Sent: Sunday, November 29, 2015 11:36 AM
> To: Cosco, Jonathan (EOHED); Frazier, Ricks (EOHED)
>
> Guys, can one or both of you join the 12pm call?
>
>
PIN
>
> ________________________________________
> From: Cosco, Jonathan (EOHED)
>
> Mike, I have been out of town but back this evening. I'll be coming
into the office tomorrow AM
>
> Jon
> ________________________________________
> To: Frazier, Ricks (EOHED); Cosco, Jonathan (EOHED); Milano, Peter
>
> Folks,
>
> As Jon and Peter know from our call yesterday, we are facing an urgent
and close deadline on Project Plum. We will need to pull all materials
together for our offer by 12pm on Monday. There are a number of
components of the offer, but the items most relevant for the folks on this
email relate to EDIP and MassWorks. Specifically what we need are:
>
> 1. The language of the statute of each program or a summary thereof
(Ricks, Jon).
> - Confirmation of what portion of the award can be refundable. My

understanding is that we could by statute do $1 MM of a JCP and $5 MM of
EEP, and then for an award of $9.6 MM per year for 5 years, this would
mean $3.6 MM would not be refundable.
> - Confirmation that we can do the up to $32 MM in MassWorks that we are
offering, and
.
> - Application process and requirements for each of EDIP and MassWorks
> - For MassWorks, and this will likely be in the statute,
>
>
> 2. What was in the public record for the Liberty Mutual deal which we
discussed as an example. I think we should provide:
> - Press releases - Peter has sent me Boston's but we need anything from
HED (Adrian)
> - Application (Jon has already asked Ann Marie to pull - can she do this
early enough on Monday? Can anybody reach her this weekend?)
> - EACC minutes (Jon has already asked Ann Marie to pull - can she do
this early enough on Monday? Can anybody reach her this weekend?)
> - Anything else in the public domain (Adrian)
>
> Jon and Peter - please let me know if I have overlooked anything from
our call yesterday.
If folks could let me know very soon when all of this could be
ready that would be much appreciated - I have a call with the Governor's
office and various Secretaries tomorrow at noon; I have said that we would
be responsible for this info and would like to be able to provide an
update then.
>
> Thanks,
> Mike
From:
To:
Cc:
Subject:
Date:
Re: Project Plum
Yes but not sure when yet. Will send you update later.
Mike Kennealy
Not sure that I will be able to make, but I would like an update.
Sent from my iPhone
Call info
Mike Kennealy
"Doolin, James" <JDoolin@massport.com>, "Garrity,
Rob (DOT)" <rob.garrity@dot.state.ma.us>, "Frazier,
Ricks (EOHED)"
<ricks.frazier@MassMail.State.MA.US>, "Kreuter,
Erica (EOHED)"
Cc: "Ash, Jay (EOHED)"
<jay.ash@MassMail.State.MA.US>, "Lepore, Kristen
It looks like we have folks available for a call at 4:30pm today. Please use this
number:
access code

group.
Mike

(EOHED)

pushing).




project?




discuss.

All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Subject:
Date:

Cosco, Jonathan (EOHED); Frazier, Ricks (EOHED)
RE: Project Plum
Number below
PIN
This is with Kadish, Cabinet.
________________________________________
Yes, same call-in info or a different line?

To: Cosco, Jonathan (EOHED); Frazier, Ricks (EOHED)
Guys, can one or both of you join the 12pm call?
PIN
________________________________________
Mike, I have been out of town but back this evening. I'll be coming into
the office tomorrow AM
Jon
________________________________________
To: Frazier, Ricks (EOHED); Cosco, Jonathan (EOHED); Milano, Peter (MOBD);
Folks,
As Jon and Peter know from our call yesterday, we are facing an urgent and
close deadline on Project Plum. We will need to pull all materials
together for our offer by 12pm on Monday. There are a number of
components of the offer, but the items most relevant for the folks on this
email relate to EDIP and MassWorks. Specifically what we need are:

1. The language of the statute of each program or a summary thereof
(Ricks, Jon).
- Confirmation of what portion of the award can be refundable. My

understanding is that we could by statute do $1 MM of a JCP and $5 MM of
EEP, and then for an award of $9.6 MM per year for 5 years, this would
mean $3.6 MM would not be refundable.
- Confirmation that we can do the up to $32 MM in MassWorks that we are
offering, and
.
- Application process and requirements for each of EDIP and MassWorks
2. What was in the public record for the Liberty Mutual deal which we
discussed as an example. I think we should provide:
- Press releases - Peter has sent me Boston's but we need anything from
HED (Adrian)
- Application (Jon has already asked Ann Marie to pull - can she do this
- EACC minutes (Jon has already asked Ann Marie to pull - can she do this
Jon and Peter - please let me know if I have overlooked anything from our
call yesterday.
If folks could let me know very soon when all of this could be
ready that would be much appreciated - I have a call with the Governor's
office and various Secretaries tomorrow at noon; I have said that we would
be responsible for this info and would like to be able to provide an
update then.
Thanks,
Mike
From:
To:
Cc:
Subject:
Date:
Attachments:

Frazier, Ricks (EOHED); Milano, Peter (MOBD); Cosco, Jonathan (EOHED); Servetnick, Adrian (EOHED)
"nam.pham@state.ma.us"
RE: Project Plum
Project Plum - Chart of Second Offer.docx
Forgot to attach document - here it is.

To: Milano, Peter (MOBD); Kennealy, Michael (EOHED); Cosco, Jonathan (EOHED); Servetnick, Adrian
(EOHED)
Ricks
To: Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Cosco, Jonathan (EOHED); Servetnick, Adrian
(EOHED)
Hi all,
Mike, you have summed the call up well. I may be simply rephrasing a few items, but
they asked additionally:
Can Massworks be used for building renovations to publically owned building?
What if they choose a privately owned building? How will this affect incentive
offer?

Co. seeking a MOU prior to application process for EDIP and Massworks.
We need to provide the Liberty Mutual and IBM deals for their review. (I do
believe the EDIP team can provide this info Monday morning.) I will be sure to
gather this info.
Regards,
Peter
Peter Milano
(978) 970-1193
Building 5
Lawrence, MA 01843
www.mass.gov/mobd
This communication and any communication incorporated herein, including attachments, may be subject to public
disclosure as a public record, as defined by M. G. L. c. 4, 7, and subject to public inspection, examination and
copying pursuant to M. G. L. c. 66, 10. Any communication with this agency whether in response to this
communication or otherwise may itself be subject to public inspection and copying pursuant to M. G. L. c. 66, 10,
unless protected by statutory exemption.

To: Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US>; Cosco, Jonathan (EOHED)
<Jonathan.Cosco@MassMail.State.MA.US>; Milano, Peter (MOBD)
<peter.milano@MassMail.State.MA.US>; Servetnick, Adrian (EOHED)
Folks,
As Jon and Peter know from our call yesterday, we are facing an urgent and close deadline on Project
Plum. We will need to pull all materials together for our offer by 12pm on Monday. There are a number
of components of the offer, but the items most relevant for the folks on this email relate to EDIP and
MassWorks. Specifically what we need are:
- Confirmation of what portion of the award can be refundable. My understanding is that we could by
statute do $1 MM of a JCP and $5 MM of EEP, and then for an award of $9.6 MM per year for 5 years,
this would mean $3.6 MM would not be refundable.
,

2. What was in the public record for the Liberty Mutual deal which we discussed as an example. I think
we should provide:
- Application (Jon has already asked Ann Marie to pull - can she do this early enough on Monday? Can
anybody reach her this weekend?)
- EACC minutes (Jon has already asked Ann Marie to pull - can she do this early enough on Monday?
Can anybody reach her this weekend?)
If folks could let me know very soon when all of this could be ready that would be
much appreciated-I have a call with the Governor's office and various Secretaries tomorrow at noon; I
have said that we would be responsible for this info and would like to be able to provide an update then.
Thanks,
Mike
Program
City property tax relief
State Investment Tax Credit
Massworks Infrastructure Grant
State Training Fund
Benefit
Up to $20m at $1m per year (20
year benefit)
Up to $48m at $9.6m per year
(5 year benefit)
Up to $32m in 1 year or split
into 2 (up to a 2 year benefit)
Permitting Ombudsman
$1m the maximum award

one time
No cost to GE
Concierge Services
No cost to GE
Ferry Service Assistance
Assumptions/Comments
Assumes a ___,000 s.f. building
Assumes a payroll of $130m
Provides for public
infrastructure costs on a
reimbursement basis
Routine application process
Combination of City and State
officials to facilitate permitting
City and State partnership to
provide assistance on a range of
employee needs, like RMV
services.
TBD based upon site selection.
Funding may be secured
through Ferry Boat Discretionary
Grant Program.
Massport has pledged
assistance, preferring for jets to
be based at Hanscom and
shuttled to Logan Airport, but is
willing to consider all services at
Logan Airport.
Description
Corporate Jet Services
To be negotiated with Massport
Boston Home Center Live

Where You WorkProgram
Innovation Center
Provides what?
City to provide space at what
cost? Mass Life Science Center
or other to provide capital
funding at approximately $5m.
John determining if
MassChallenge might run the
space. This would be a outside
the box benefit to have a fully
fit out innovation space for GE
to operate. MLSC or other
grants could be used for the
capital funding.
Site 1 Bostons Court Street

160k s.f. building in the heart of
downtown.
Free Rent for ___ years
Site 2 MA DOT District 6

adjacent to South Station on
Kneeland Street 104k s.f. with
___% rent for ___ years

Would City charge no property
taxes or is it the Citys intential
to assess the building and issue
a tax bill?
the building and charge
sufficient land for additional

space.
Site 3 multiple Convention
Center properties
Site 4 multiple Massport sites
Site 5 Citys 6 Tide Street its

snow farm.
____% land lease for ___years
Site 6 Private development or

building purchase by GE on a
site they prefer.
property taxes, but that should

be confirmed.
be confirmed.
be confirmed. Each of the sites
has hundreds of thousands of
additional build-out potential.
Massport may wish to lease an
entire site and have the
developer build the GE building,
which could help reduce the
cost of the land lease.
be confirmed.
A review of how MassWorks
would provide assistance would
be required.
The above could be provided to GE upon filling in all the blanks. John is in charge with Mike to provide
support. John should provide Mike with final draft and Mike be in touch with Steve for the Govs
signoff.
Questions/Comments:
1. Blanks should be filled in so that GE has a full picture of the various offers. (John is the
point/Mike provides support)
2. John is updating sites and getting them to GE. GE recognizes a need to narrow down sites, but it
is unrealistic for them to pick one without a significant vetting.
3. What is Citys intention regarding property taxes if a public site is selected, especially if the site
selected is the Citys building on Court Street? Ordinarily, a public site with a private tenant
would be assessed property tax. Would be acceptable either way, taxing or not, and, as noted
below, not taxing it could be a deal closer. (John)
4. Can MassWorks funding be utilized for public building fit-out/renovations? (Mike)
5. How could MassWorks provide financial benefit on private new construction? For example,
could it be used to purchase the land and then lease the land back to the private developer?
(Mike)
6. What are the heliport options for each of the sites? (John)
7. Fill in the blanks on State & Quasi lease expectations and determine what a typical value is for
the full lease so that the benefit of the reduction can be calculated for/by GE. (Steve should
ask the question of Elizabeth at Massport and for the MA DOT building should determine with
a consult with Stephanie, Kristen could be responsible for Mass Convention provide Mike
with comments so he can communicate with John)
8. John/Mike, you should contact Brent at CBRE to help determine the value of the land,
buildings and benefits. CBRE should be able to provide very good estimates on such matters
as the value of land leases and the cost of office space.
9. Contact MassChallenge to develop a proposal on the Innovation Center (John). For the benefit
of others, we are thinking of offering up an Innovation Center as a benefit for their use, using
City space and State funding to support it. The success of such a space depends on its
management, so John will have an informal discussion with the MassChallenge people about
doing so.
10. John/Mike, get a tax call with GE to review the benefits.
11. Thoughts on State ITC benefit. No way could we provide entire ITC in one year. Typically it is a
tax credit a company receives on their income. In this case, it could be a refundable credit
which means that it would actually be a cash benefit.
12. Thoughts on the State MassWorks benefit. MassWorks need to be spent in the year it is
designated. It is possible, if construction/renovations spans two fiscal years that we would
prefer to make a multi-year award to not eat up all of our funding in one particular year. It is a
reimbursement and has not refundable credit option. I am assuming we can use it to repair a
public building, and I believe it can be granted to both a city or a state agency. Not as clear how
we get the benefit to the company if a private entity is building them a building.
13. Check with former Massport exec to figure if there are any agency benefits that might be
brought to the package (Kristen).
14. Deal Closers could include up to $25m in state environmental dollars to help clean-up and put
into productive use GE sites in Lynn or elsewhere, and/or City tax dollars might be totally
forgiven in City or State buildings (and maybe more MassWorks dollars could go into the
building renovations in return).
15. In my absence, Mike is our lead, with Carolyn providing support. I will check in with Mike
directly each morning and in afternoon, connections permitting. Anyone needing me should
communicate need and issues to Mike. Steve should have final say on anything from our end.
From:
To:
Subject:
Date:

"jay.ash@state.ma.us"
Re: Project Plum
Saturday, October 31, 2015 10:13:48 AM
Since neither the Pats nor the Redskins are playing tomorrow, how about 2?
Sent: Saturday, October 31, 2015 09:54 AM
To: Klee, Ann (GE, Corporate)
Pick the time.

Date: 10/31/2015 9:14 AM (GMT-05:00)
That would be great. Could you do something tomorrow afternoon any time?
Sent from my iPhone
> On Oct 31, 2015, at 8:33 AM, Ash, Jay (SEA) <jay.ash@state.ma.us> wrote:
>
> Want to do something over this weekend?
> ________________________________________
> From: Klee, Ann (GE, Corporate) [Ann.Klee@ge.com]
> Sent: Friday, October 30, 2015 3:23 PM
>
> Jay Would you have time for a quick call? Thanks.
>
> ark
>
> Ann R. Klee
> Vice President
> Global Operations Environment, Health & Safety
>
> GE
> 203-373-3198 (o)
>2
(m)
>
From:
To:
Cc:
Subject:
Date:

Frazier, Ricks (EOHED); Milano, Peter (MOBD); Cosco, Jonathan (EOHED); Servetnick, Adrian (EOHED)
nam.pham@state.ma.us
RE: Project Plum
Let's use this for a 10am call -
access code
and I have attached a memo from Jay that summarizes what we are thinking;
based on that, if work can start before 10am all the better. At this point, I am very concerned about refundable vs. non-refundable per
my comment below.
Speak with you all at 10am, and thank you for your attention to this important project.
Mike

Mike --
Ricks

To: Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Cosco, Jonathan (EOHED); Servetnick,
Adrian (EOHED)
Hi all,
Mike, you have summed the call up well. I may be simply rephrasing a few items, but
they asked additionally:
Can Massworks be used for building renovations to publically owned building?
What if they choose a privately owned building? How will this affect incentive
offer?
Co. seeking a MOU prior to application process for EDIP and Massworks.
We need to provide the Liberty Mutual and IBM deals for their review. (I do
believe the EDIP team can provide this info Monday morning.) I will be sure to
gather this info.
Regards,
Peter
Peter Milano
(978) 970-1193

Building 5
Lawrence, MA 01843
www.mass.gov/mobd

To: Frazier, Ricks (EOHED) <ricks.frazier@MassMail.State.MA.US>; Cosco, Jonathan (EOHED)
<Jonathan.Cosco@MassMail.State.MA.US>; Milano, Peter (MOBD)
<peter.milano@MassMail.State.MA.US>; Servetnick, Adrian (EOHED)
Folks,

As Jon and Peter know from our call yesterday, we are facing an urgent and close deadline on Project
Plum. We will need to pull all materials together for our offer by 12pm on Monday. There are a number
of components of the offer, but the items most relevant for the folks on this email relate to EDIP and
MassWorks. Specifically what we need are:
-
- Confirmation of what portion of the award can be refundable. My understanding is that we could by
statute do $1 MM of a JCP and $5 MM of EEP, and then for an award of $9.6 MM per year for 5 years,
this would mean $3.6 MM would not be refundable.
- For MassWorks, and this will likely be in the statute, what is considered public infrastructure.
2. What was in the public record for the Liberty Mutual deal which we discussed as an example. I think
we should provide:
- Application (Jon has already asked Ann Marie to pull - can she do this early enough on Monday? Can
anybody reach her this weekend?)
- EACC minutes (Jon has already asked Ann Marie to pull - can she do this early enough on Monday?
Can anybody reach her this weekend?)

If folks could let me know very soon when all of this could be ready that would be
much appreciated-I have a call with the Governor's office and various Secretaries tomorrow at noon; I
have said that we would be responsible for this info and would like to be able to provide an update then.
Thanks,
Mike
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

RE: Project Plum
Heard you are looking at sites this week in Boston. (Kind of) Sorry I won't see you, I'm
getting on a cruise ship now. I've been and will attempt to stay in contact with Mike Kennealy
from my office on our re-stated proposal. I'm excited about it and appreciative of the
opportunity to share it. In particular, I'm excited about the Boston School Department on
Court Street. I'll look forward to hearing what you think. Cheers from the Caribbean!

Date: 11/01/2015 12:44 PM (GMT-04:00)
Can we move to 3 by any chance? What's best # to reach you? Thanks.
Sent from my iPhone
On Oct 31, 2015, at 12:11 PM, Ash, Jay (SEA) <jay.ash@state.ma.us<mailto:jay.ash@state.ma.us>> wrote:
Lol and confirmed
-------- Original message -------From: "Klee, Ann (GE, Corporate)" <Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>>

Date: 10/31/2015 10:57 AM (GMT-05:00)
To: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US<mailto:jay.ash@MassMail.State.MA.US>>
I'd say don't count your chickens, but I fear you may be right . . . Talk to you tomorrow.
Sent from my iPhone
> On Oct 31, 2015, at 10:36 AM, Ash, Jay (SEA) <jay.ash@state.ma.us<mailto:jay.ash@state.ma.us>> wrote:
>
> Great - looking forward to it.
>
> Yes, too bad there's no Pats game tomorrow - it makes the wait for 8-0 all that much longer ;)!
> ________________________________________
> From: Klee, Ann (GE, Corporate) [Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>]
> Sent: Saturday, October 31, 2015 10:13 AM
>
> Since neither the Pats nor the Redskins are playing tomorrow, how about 2?
>
> From: Ash, Jay (SEA) [mailto:jay.ash@state.ma.us]
>
> Pick the time.
>
>
>
> Sent from my Verizon Wireless 4G LTE smartphone
>
>
> -------- Original message -------> From: "Klee, Ann (GE, Corporate)" <Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>>
> Date: 10/31/2015 9:14 AM (GMT-05:00)
> To: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US<mailto:jay.ash@MassMail.State.MA.US>>
>
> That would be great. Could you do something tomorrow afternoon any time?
>
>
>> On Oct 31, 2015, at 8:33 AM, Ash, Jay (SEA) <jay.ash@state.ma.us<mailto:jay.ash@state.ma.us>> wrote:
>>
>> Want to do something over this weekend?
>> ________________________________________
>> From: Klee, Ann (GE, Corporate) [Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>]
>> Sent: Friday, October 30, 2015 3:23 PM
>> To: Ash, Jay (EOHED)
>>
>> Jay Would you have time for a quick call? Thanks.
>>
>> ark
>>
>> Ann R. Klee
>> Vice President
>> Global Operations Environment, Health & Safety
>>
>> GE
>> 3135 Easton Turnpike
>> Fairfield, CT 06824
>> 203-373-3198 (o)
>>
(m)
>>
From:
To:
Subject:
Date:

RE: Project Plum
Wednesday, November 11, 2015 11:22:25 AM
Hi Amy, best times for me there are 12 - 3pm on 11/16 or before 11:30am on 11/18. And of course if you'd like to speak this week just
let me know, thanks.
Mike
From: Eisenstadt, Amy (GE, Corporate) [amy.eisenstadt@ge.com]

Sent: Tuesday, November 10, 2015 3:37 PM
Any of the times listed for John work for you?

Amy Eisenstadt
State Tax Counsel
(cell)
From: Crystal Torman [mailto:crystal.torman@boston.gov]
Sent: Tuesday, November 10, 2015 3:33 PM
Cc: John Barros; Lauren Jones; ronald.rakow@boston.gov
Hi Amy,
John is happy to make himself available any time on the 16th, 17th, and the morning of the
18th. Though he'll be traveling the afternoon of the 18th-20th. A call during that time may be
a bit more difficult to coordinate, but not impossible. Glad to be as flexible as possible.
Please let me know if I can be of further assistance.
Warmly,
Crystal
From:
To:
Subject:
Date:

RE: Project Plum
Tuesday, November 10, 2015 2:24:00 PM
Hi Amy, how would tomorrow work for a call? Please let me know some times if that works. Joint
call is fine if thats what youd prefer. Looking forward to speaking!
Best,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Hi, Mike. Ann Klee gave me your name to contact for a preliminary discussion of project
parameters. Do you have any time the next couple of days for a call?
Also, I am going to reach out to the City of Boston contact. Would you be OK with doing a joint
State/City call?
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

RE: Project Plum
yes
________________________________________
From: Klee, Ann (GE, Corporate) [Ann.Klee@ge.com]
Can we move to 3 by any chance? What's best # to reach you? Thanks.
Sent from my iPhone
On Oct 31, 2015, at 12:11 PM, Ash, Jay (SEA)
<jay.ash@state.ma.us<mailto:jay.ash@state.ma.us>> wrote:
Lol and confirmed
-------- Original message -------From: "Klee, Ann (GE, Corporate)"

<Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>>
Date: 10/31/2015 10:57 AM (GMT-05:00)
To: "Ash, Jay (EOHED)"
<jay.ash@MassMail.State.MA.US<mailto:jay.ash@MassMail.State.MA.US>>
I'd say don't count your chickens, but I fear you may be right . . . Talk
to you tomorrow.
Sent from my iPhone
> On Oct 31, 2015, at 10:36 AM, Ash, Jay (SEA)
>
>
> Yes, too bad there's no Pats game tomorrow - it makes the wait for 8-0
all that much longer ;)!
> ________________________________________
> From: Klee, Ann (GE, Corporate)
[Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>]
>
> Since neither the Pats nor the Redskins are playing tomorrow, how about
2?
>
>
> Pick the time.
>
>
>
>
>
> -------- Original message -------> From: "Klee, Ann (GE, Corporate)"
<Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>>
> Date: 10/31/2015 9:14 AM (GMT-05:00)
> To: "Ash, Jay (EOHED)"
<jay.ash@MassMail.State.MA.US<mailto:jay.ash@MassMail.State.MA.US>>
>
>
>
>> On Oct 31, 2015, at 8:33 AM, Ash, Jay (SEA)
>>
>> ________________________________________
>> From: Klee, Ann (GE, Corporate)
[Ann.Klee@ge.com<mailto:Ann.Klee@ge.com>]
>>
>>
>> ark
>>
>> Ann R. Klee
>> Vice President
>>
>> GE
>> 203-373-3198 (o)
>>
(m)
>>
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

RE: Project Plum
Saturday, October 31, 2015 12:11:42 PM
Lol and confirmed

Date: 10/31/2015 10:57 AM (GMT-05:00)
I'd say don't count your chickens, but I fear you may be right . . . Talk to you tomorrow.
Sent from my iPhone
> On Oct 31, 2015, at 10:36 AM, Ash, Jay (SEA) <jay.ash@state.ma.us> wrote:
>
>
> Yes, too bad there's no Pats game tomorrow - it makes the wait for 8-0 all that much longer ;)!
> ________________________________________
> From: Klee, Ann (GE, Corporate) [Ann.Klee@ge.com]
>
> Since neither the Pats nor the Redskins are playing tomorrow, how about 2?
>
>
> Pick the time.
>
>
>
>
>
> -------- Original message -------> From: "Klee, Ann (GE, Corporate)" <Ann.Klee@ge.com>
> Date: 10/31/2015 9:14 AM (GMT-05:00)
> To: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>
>
>

>
>> On Oct 31, 2015, at 8:33 AM, Ash, Jay (SEA) <jay.ash@state.ma.us> wrote:
>>
>> ________________________________________
>> From: Klee, Ann (GE, Corporate) [Ann.Klee@ge.com]
>>
>>
>> ark
>>
>> Ann R. Klee
>> Vice President
>>
>> GE
>> 203-373-3198 (o)
>>
(m)
>>
From:
To:
Subject:
Date:

Milano, Peter (MOBD)
RE: Project Plum
Friday, September 25, 2015 2:26:00 PM
Great news thanks Peter!
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Sent: Friday, September 25, 2015 9:07 AM
To: Ash, Jay (EOHED); 'nam.pham@state.ma.us'; Kennealy, Michael (EOHED)
Jay, and all,
I just got off the phone with Jim McGaugh. Here is what he had to tell me regarding
Project Plum:
Joe Tucci met with Jeffrey Immelt a day or two after our meeting with the
project team. Immelt said that going into their tour their largest concern was
housing costs, but that concern was completely covered by us on our tour.
This issue is completely addressed.
The Committee has tours planned for Chicago and Atlanta, but there will not
be the type of engagement there was in Boston. In fact, they are actually
pulling in local executives from those areas to attend the tours.
We have won the emotional battle now we need to discuss price in the
next month or so.
As for packaging of the potential incentives, Project Plum has not accepted
their MLSC award. As such, two things may be able to happen here.
o 1st, these ~500 jobs can be used with any potential Project Plum award
o 2nd, any potential award may actually include MLSC award (s)
Project executives would like to meet with us regarding MLSC. They are not
happy with a) the award they received from MLSC and b) their treatment from
MLSC
Apparently the Wall Street Journal published an article yesterday that was not
very good for Chicago. Jim said this was not a coincidence.

Exemption G
Exemption G
Exemption G G
Exemption
I told Jim we would work to schedule a meeting in the next couple weeks with him
and the Marlborough based executive regarding the MLSC issue.
Regards,
Peter
Peter Milano
Senior Regional Director
(978) 970-1193

Building 5
Lawrence, MA 01843
www.mass.gov/mobd
From:
To:
Subject:
Date:
Attachments:

"Meyers, Steven (GE, Corporate)"
RE: Project Plum
Monday, July 20, 2015 6:11:00 PM
State4 NDA Final.docx
State4 NDA Redline.docx
Steve
Attached is a clean copy and a redline against the prior draft. I'll work on signatures on my end tomorrow.
Ricks
-----Original Message----From: Meyers, Steven (GE, Corporate) [mailto:steven.meyers@ge.com]
Great. All set. If you email me clean, execution copy I will get it signed and back to you. Thanks!!
Sent from my iPhone
On Jul 20, 2015, at 4:53 PM, Frazier, Ricks (SEA) <ricks.frazier@state.ma.us<mailto:ricks.frazier@state.ma.us>>
wrote:
Steve
We can agree to your proposed language. Anything else?
Ricks
From: Meyers, Steven (GE, Corporate) [mailto:steven.meyers@ge.com]
Sent: Monday, July 20, 2015 10:17 AM
How about:
The Agencies shall reasonably coordinate with the Company, on the decision to issue any and the timing and
content of any press release or public announcement or statement with respect to the transactions contemplated in
connection with the Project, and shall not make such press release or public announcement without undertaking
such coordination and considering the Companys comments, if any, on the decision to issue a press release, the
text of such press release or announcement.
From: Meyers, Steven (GE, Corporate)

To: 'Frazier, Ricks (SEA)'
Great. Question regarding press releases: can we include some language that gives us a bit more comfort that you
will not issue press releases without our consent? It is key to our process that we maintain confidential the
discussions as they are progressing, which is why we include not only the no press release w/o consent provision
but also the provision that indicates that the fact of our discussions is itself considered confidential info. Thanks for
your thoughts.
The Agencies shall reasonably coordinate with the Company, on both the timing and content, of any press release or
public announcement or statement with respect to the transactions contemplated in connection with the Project, and
shall not make such press release or public announcement without undertaking such coordination and considering
the Companys comments, if any, on the text of such press release or announcement
From: Frazier, Ricks (SEA) [mailto:ricks.frazier@state.ma.us]
To: Meyers, Steven (GE, Corporate)
I agree that it reads that way. As a practical matter, if you apply for benefits, a different exemption would apply that
covers the deliberative process up to the point where a decision is made regarding the application.
Ricks
Thanks. The way it reads to me is that only at such time as we formally apply for benefits does the info that we
submit (and info that we previously submitted with respect to the project) become subject to the Public Records
Law (i.e. not exempt). Correct?
Sent: Saturday, July 18, 2015 2:19 PM
The exemption to the Public Records Law that authorizes MA agencies to enter NDAs has an exception to the effect
that any documents submitted as part if an application for state benefits are not exempt. So we are drawing a
distinction between this discussion and any application that may follow.
The second part, referring to info that may be required in the future, comes from monitoring obligations related to
certain types of our incentive tax credits.
Sent from my iPhone
On Jul 18, 2015, at 10:39 AM, "Meyers, Steven (GE, Corporate)"
<steven.meyers@ge.com<mailto:steven.meyers@ge.com>> wrote:
First glance looks fine, with a question regarding the following provision. Is there a legal requirement that drives it?
Notwithstanding any other provision of this Agreement, if the Company desires to apply for benefits from the
Commonwealth in connection with the Project, the Company understands it will be required to submit additional
information pertaining to the Project, and if it receives such tax credits or other benefits, the Company may be
required to report information pertaining to the construction and operation of the Project. Notwithstanding any
other provision of this Agreement, information provided by the Company in connection with such an application
and reporting, even if previously constituting Confidential Information under this Agreement, shall not be subject to
this Agreement.

Steve
Here are our thoughts on the document. Ill be around all next week, so hopefully we can finalize it and get on to
substantive discussions.
Ricks
Good speaking with you Ricks. I am attaching the draft/form NDA as we discussed. Thanks in advance for your
comments.

Cc: Frazier, Ricks (SEA)
Yes, sorry, was in and out last week on a quasi-vacation!
Ive attached Ricks Frazier to this email. Ricks is our general counsel and will work with you on this. Hell follow
up soon.
Thanks,
Jay
Hello Jay, just following up to see if there is a good time for us to discuss the NDA and begin the process.
To: jay.ash@state.ma.us<mailto:jay.ash@state.ma.us>
Cc: Meyers, Steven (GE, Corporate)
Jay,
Following up on our conversation, we would like to invite the Commonwealth of Massachusetts to come to
Fairfield, CT at end of July to engage in a discussion about the potential relocation of the GE headquarters to the
Boston area. As we discussed, I appreciate your including a representative from the City on your team.
This is a significant decision for GE. While we want to move expeditiously, we also want to be thoughtful in our
process and are considering a number of factors including business and political climate, impact on our employees,
financial incentives, recruitment, quality of life and several other issues of importance.
Our exploratory team has done some initial due diligence/screening. We are now in our second phase where we are
inviting a small group of States to come in and engage in a more detailed discussion.
We will be scheduling those discussions for July 28-30 and later this week will send you a list of issues/questions
that we would like you to address, but also want you to feel free to present whatever information that you think
would be relevant to our decision. The meeting will be set for 2 hours. The members of the GE exploratory team
will participate in the meeting.
It is very important to us that these discussions, and even the fact that we are engaged in discussions with New York
remain confidential. As is customary, we will ask that you sign an NDA which is attached. Steve Meyers on our
team will be available to discuss any questions related to the NDA. He can be reached at
steven.meyers@ge.com<mailto:steven.meyers@ge.com> ; 203-373-3030.
I will be your GE point of contact on the exploratory team. My contact information is 203-373-3198,
ann.klee@ge.com<mailto:ann.klee@ge.com>. I will send the template of issues that we would like you to address
within the next day and am also available any time to answer any questions you may have. Additionally, Karen
Kulish will be reaching out to schedule the meeting and will assist with logistics. Karens contact info is,
karen.kulish@ge.com<mailto:karen.kulish@ge.com> and 203-373-2575. If you would give me your schedulers
contact information, Karen can reach out and work through the details.
We appreciate Governor Bakers interest in having GE relocate to Massachusetts and look forward to our meeting at
the end of July.
<image001.png>
Ann R. Klee
Vice President
GE
Fairfield, CT 06824
203-373-3198 (o)
Exemption (m)
G
This Confidentiality Agreement (this Agreement) is entered into this ___ day of July,
2015, by the Executive Office of Housing and Economic Development and the Office of
Business Development (the Agencies), both instrumentalities of the Commonwealth of
Massachusetts (the Commonwealth) for the benefit of Project Plum, with General Electric
Company a New York corporation (the Company).
RECITALS
WHEREAS, the Company may voluntarily provide information of a non-public nature for use by
the Agencies and their agents, employees and representatives (collectively, Representatives) in
Agencies may receive certain private and confidential proprietary information provided for
Information that will be made by the Company to the Agencies;
The Agencies shall, with respect to any Confidential Information (a) hold the Confidential
Information only to the extent necessary in connection with the Project; and (e) restrict
disclosure of the Confidential Information only to Representatives whose duties justify the need
to know the Confidential Information in connection with the Project and who are advised as to
the confidential and proprietary nature of the Confidential Information and are required to
comply with the provisions of this Agreement. The obligations of the Agencies to maintain the
confidentiality of the Confidential Information it has received under this Agreement shall
continue for a period of one (1) year from the date of receipt of such Confidential Information.
The Agencies hereby acknowledge and agree that (a) the term Confidential Information as
to the Agencies; (ii) the fact that the Agencies are discussing the Project with the Company; and
(iii) any of the terms, conditions or other facts with respect to the Project or other related
The Agencies acknowledge that the Company agrees to provide the Confidential Information
voluntarily upon the Agencies promise to maintain its confidentiality and status as exempt from
disclosure to the extent authorized by applicable law, as determined by the Agencies in their sole
discretion, including state and federal Freedom of Information Acts, Open Door Law, Public
Records Law and other related local, state, and federal laws and ordinances that may be
applicable.
apply to any Confidential Information which (a) is in the public domain (provided that such
information has not or does not come into the public domain as the result of a disclosure by the
Agencies); (b) is received by the Agencies on a non-confidential basis from a source other than
the Company (provided that such source is not bound by a confidentiality agreement with the
Company or another party); or (c) is required to be disclosed by operation of law, including but
not limited to pursuant to the State and Federal Freedom of Information Acts (provided that,
promptly following receipt of a legal request and prior to making such disclosure, the Agencies
have notified the Company of such request so that the Company may take action to safeguard its
interests, and seek to preserve the confidentiality of the Confidential Information). The Agencies
shall reasonably cooperate with such efforts by the Company but shall retain discretion to
determine the scope and applicability of any exemption under the Public Records Law or other
applicable law requiring the disclosure or Confidential Information.
The Agencies shall reasonably coordinate with the Company, on the decision to issue, timing and
content, of any press release or public announcement or statement with respect to the
transactions contemplated in connection with the Project, and shall not make such press release
or public announcement without undertaking such coordination and considering the Companys
comments, if any, on the decision to issue a press release or announcement and the text of such
press release or announcement.
The disclosure of Confidential Information shall not be construed to grant to the Agencies any
license, ownership or other proprietary interest in the Confidential Information. The Agencies
agree that they do not acquire any title, ownership, or other intellectual property right or license
Notwithstanding any other provision of this Agreement, if the Company desires to apply for
benefits from the Commonwealth in connection with the Project, the Company understands it
will be required to submit additional information pertaining to the Project, and if it receives such
tax credits or other benefits, the Company may be required to report information pertaining to the
construction and operation of the Project. Notwithstanding any other provision of this
Agreement, information provided by the Company in connection with such an application and
reporting, even if previously constituting Confidential Information under this Agreement, shall
not be subject to this Agreement.
Nothing in this Agreement will impose any obligation upon any Party to enter into any
discussions or negotiations with respect to the Project, or to take any other action not expressly
agreed to herein.
Within ten (10) days following the receipt of a written request, the Agencies shall deliver to the
certificate executed by the Agencies certifying that all such materials in the Agencies possession
that are not public records have been delivered to the Company. That portion of the Confidential
Information which has been incorporated into analyses, compilations, comparisons, studies or
other documents prepared by the Agencies or their Representatives shall be held by the Agencies
and kept confidential as provided in this Agreement and shall not be used for any reason other
than in connection with the Project or shall be destroyed.
The Agencies agree that their obligations hereunder are necessary and reasonable to protect the
Company for any breach of any covenant or agreement set forth herein. The Agencies agree and
acknowledge that any such violation or threatened violation may cause irreparable injury to the
Company and that, if deemed appropriate by the court presiding over the matter, the Company
(in addition to any other rights and remedies that may be available at law or in equity) may be
entitled to seek injunctive relief against the threatened breach of this Agreement or the
This Agreement shall be governed and interpreted under the laws of the Commonwealth of
Massachusetts, without regard to its choice of law provisions.
representatives.
Executive Office of Housing and Economic
Development
By: _________________________________
By: _________________________________
Name:
Title:
Office of Business Development
By: _________________________________
Name:
Title:
Name: Ann R. Klee

This Confidentiality Agreement (this Agreement) is entered into this ___ day of July,
_________, 2015___, by the Executive Office of Housing and Economic Development and the
Office of Business Development (the Agencies), both instrumentalities of the Commonwealth
of Massachusetts (the Commonwealth) for the benefit of Project Plum, with General Electric
Company a New York corporation (the Company).
RECITALS
WHEREAS, the Company may voluntarily provide information of a non-public nature for use by
the Agencies and their agents, employees and representatives (collectively, Representatives) in
Agencies may receive certain private and confidential proprietary information provided for
Information that will be made by the Company to the Agencies;
The Agencies shall, with respect to any Confidential Information (a) hold the Confidential
Information only to the extent necessary in connection with the Project; and (e) restrict
disclosure of the Confidential Information only to Representatives whose duties justify the need
to know the Confidential Information in connection with the Project and who are advised as to
the confidential and proprietary nature of the Confidential Information and are required to
comply with the provisions of this Agreement. The obligations of the Agencies to maintain the
confidentiality of the Confidential Information it has received under this Agreement shall
continue for a period of one (1) year from the date of receipt of such Confidential Information.
The Agencies hereby acknowledge and agree that (a) the term Confidential Information as
to the Agencies; (ii) the fact that the Agencies are discussing the Project with the Company; and
(iii) any of the terms, conditions or other facts with respect to the Project or other related
The Agencies acknowledge that the Company agrees to provide the Confidential Information
voluntarily upon the Agencies promise to maintain its confidentiality and status as exempt from
disclosure to the extent authorized by applicable law, as determined by the Agencies in their sole
discretion, including state and federal Freedom of Information Acts, Open Door Law, Public
Records Law and other related local, state, and federal laws and ordinances that may be
applicable.
apply to any Confidential Information which (a) is in the public domain (provided that such
information has not or does not come into the public domain as the result of a disclosure by the
Agencies); (b) is received by the Agencies on a non-confidential basis from a source other than
the Company (provided that such source is not bound by a confidentiality agreement with the
Company or another party); or (c) is required to be disclosed by operation of law, including but
not limited to pursuant to the State and Federal Freedom of Information Acts (provided that,
promptly following receipt of a legal request and prior to making such disclosure, the Agencies
have notified the Company of such request so that the Company may take action to safeguard its
interests, and seek to preserve the confidentiality of the Confidential Information). The Agencies
shall reasonably cooperate with such efforts by the Company but shall retain discretion to
determine the scope and applicability of any exemption under the Public Records Law or other
applicable law requiring the disclosure or Confidential Information.
The Agencies shall reasonably coordinate with the Company, on both the decision to issue,
timing and content, of any press release or public announcement or statement with respect to the
transactions contemplated in connection with the Project, and shall not make such press release
or public announcement without undertaking such coordination and considering the Companys
comments, if any, on the decision to issue a press release or announcement and the text of such
press release or announcement.
The disclosure of Confidential Information shall not be construed to grant to the Agencies any
license, ownership or other proprietary interest in the Confidential Information. The Agencies
agree that they do not acquire any title, ownership, or other intellectual property right or license
Notwithstanding any other provision of this Agreement, if the Company desires to apply for
benefits from the Commonwealth in connection with the Project, the Company understands it
will be required to submit additional information pertaining to the Project, and if it receives such
tax credits or other benefits, the Company may be required to report information pertaining to the
construction and operation of the Project. Notwithstanding any other provision of this
Agreement, information provided by the Company in connection with such an application and
reporting, even if previously constituting Confidential Information under this Agreement, shall
not be subject to this Agreement.
Nothing in this Agreement will impose any obligation upon any Party to enter into any
discussions or negotiations with respect to the Project, or to take any other action not expressly
agreed to herein.
Within ten (10) days following the receipt of a written request, the Agencies shall deliver to the
certificate executed by the Agencies certifying that all such materials in the Agencies possession
that are not public records have been delivered to the Company. That portion of the Confidential
Information which has been incorporated into analyses, compilations, comparisons, studies or
other documents prepared by the Agencies or their Representatives shall be held by the Agencies
and kept confidential as provided in this Agreement and shall not be used for any reason other
than in connection with the Project or shall be destroyed.
The Agencies agree that their obligations hereunder are necessary and reasonable to protect the
Company for any breach of any covenant or agreement set forth herein. The Agencies agree and
acknowledge that any such violation or threatened violation may cause irreparable injury to the
Company and that, if deemed appropriate by the court presiding over the matter, the Company
(in addition to any other rights and remedies that may be available at law or in equity) may be
entitled to seek injunctive relief against the threatened breach of this Agreement or the
This Agreement shall be governed and interpreted under the laws of the Commonwealth of
Massachusetts, without regard to its choice of law provisions.
representatives.
Executive Office of Housing and Economic
Development
By: _________________________________
By: _________________________________
Name:
Title:
Office of Business Development
By: _________________________________
Name:
Title:
Name: Ann R. Klee

From:
To:
Subject:
Date:

Nunnelly, Mark E.
RE: Project Plum: MA Thank you
Monday, September 14, 2015 12:10:00 PM
And yes, it is exciting! Big tour with them tomorrow. Good lineup for
dinner including appearance by the Gov and Mayor and others.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
Sent: Monday, September 14, 2015 12:10 PM
To: 'Nunnelly, Mark E.'
Subject: RE: Project Plum: MA Thank you
6:30pm at Tresca in North End 233 Hanover St.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762
-----Original Message----From: Nunnelly, Mark E. [mailto:nunnellym@dor.state.ma.us]
Sent: Sunday, September 13, 2015 11:34 PM
Subject: Re: Project Plum: MA Thank you
Terrific news that this is progressing!
I unfortunately have a dinner tomorrow night already schedule...I'm going
to see in the morning how difficult to change.
Assume in back bay 6pish?
Exciting
Mark
Tel: (617)626-2201
Fax:(617)626-2299
----- Original Message ----From: Kennealy, Michael (EOHED)
[mailto:Michael.kennealy@MassMail.State.MA.US]
Hi Mark, the Project Plum folks are coming to Boston next week - would you
be interested in joining us for dinner on Monday?
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762
To: Kennealy, Michael (EOHED); Ash, Jay (EOHED); Kirk, Carolyn (EOHED);
Pham, Nam (EOHED); Distefano, Maria (MOBD); Servetnick, Adrian (EOHED)
Cc: McMorrow, Paul (EOHED)
Go get em!
-----Original Message----From: Kennealy, Michael (SEA)
[mailto:michael.kennealy@MassMail.State.MA.US]
To: Ash, Jay (SEA); Kirk, Carolyn (SEA); Nunnelly, Mark E.; Pham, Nam
(SEA); Distefano, Maria G (SEA); Servetnick, Adrian (SEA)
Cc: McMorrow, Paul (SEA)
Subject: FW: Project Plum: MA Thank you
Best,
Mike
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762
-----Original Message----From: Kulish, Karen (GE, Corporate) [mailto:karen.kulish@ge.com]

Mike,
Karen Kulish
O: 203 373-2575
C:
Fairfield, CT 06828
**********************************************************************
are addressed. If you have received this email in error please notify the
system manager at postmaster at dor.state.ma.us.
**********************************************************************
From:
To:
Subject:
Date:

Hi Karen, here are the email addresses for our team - thanks!
Jay Ash - jay.ash@MassMail.State.MA.US
Carolyn Kirk - carolyn.kirk@MassMail.State.MA.US
Mark Nunnelly - nunnellym@dor.state.ma.us
Mike Kennealy - Michael.kennealy@MassMail.State.MA.US
Nam Pham - nam.pham@MassMail.State.MA.US
Maria DiStefano - maria.g.distefano@MassMail.State.MA.US
Adrian Servetnick - Adrian.Servetnick@MassMail.State.MA.US
________________________________________
From: Kulish, Karen (GE, Corporate) [karen.kulish@ge.com]
Sure then I'll have it for another time. Thanks!
Sent from my iPhone
> On Aug 7, 2015, at 2:27 PM, Kennealy, Michael (SEA)
>
> Thank you Karen! I will forward to others, though please let me know
if, per your email earlier yesterday, you would still like everybody's
email address.
>
> All the best,
> Mike
>
>
> Mike Kennealy
> Boston, MA 02108
> Office: 617-788-3640
> Cell: 617-634-4762
>
> -----Original Message----> From: Kulish, Karen (GE, Corporate) [mailto:karen.kulish@ge.com]
> Sent: Thursday, August 06, 2015 4:12 PM
> To: Kennealy, Michael (EOHED)
> Subject: Project Plum: MA Thank you
>
> Mike,
>
> Please find attached a thank you letter from Ann Klee to the team.
Thank you for your assistance in forwarding to the others.
>
>
> Karen Kulish
> Executive Assistant to Ann Klee
> Global Operations - Environment, Health & Safety
> O: 203 373-2575
> C:
>
>
> GE Imagination at Work
>
>
From:
To:
Subject:
Date:

Thank you Karen! I will forward to others, though please let me know if,
per your email earlier yesterday, you would still like everybody's email
address.
All the best,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
Mike,
Karen Kulish
O: 203 373-2575
C:
Fairfield, CT 06828
From:
To:
Subject:
Date:

Nunnelly, Mark E.
Monday, September 14, 2015 2:02:00 PM
Will do - thanks!
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
Mike
I tried to rearrange, but does look like it will work.
Good luck. This would be a home run.
Let me know if there is anything else I can do.
men
And yes, it is exciting! Big tour with them tomorrow. Good lineup for
dinner including appearance by the Gov and Mayor and others.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762
To: 'Nunnelly, Mark E.'

6:30pm at Tresca in North End 233 Hanover St.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762
Sent: Sunday, September 13, 2015 11:34 PM
Terrific news that this is progressing!
I unfortunately have a dinner tomorrow night already schedule...I'm going
to see in the morning how difficult to change.
Assume in back bay 6pish?
Exciting
Mark
Tel: (617)626-2201
Fax:(617)626-2299
----- Original Message ----From: Kennealy, Michael (EOHED)
Hi Mark, the Project Plum folks are coming to Boston next week - would you
be interested in joining us for dinner on Monday?
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

To: Kennealy, Michael (EOHED); Ash, Jay (EOHED); Kirk, Carolyn (EOHED);
Pham, Nam (EOHED); Distefano, Maria (MOBD); Servetnick, Adrian (EOHED)
Cc: McMorrow, Paul (EOHED)
Go get em!
-----Original Message----From: Kennealy, Michael (SEA)
[mailto:michael.kennealy@MassMail.State.MA.US]
To: Ash, Jay (SEA); Kirk, Carolyn (SEA); Nunnelly, Mark E.; Pham, Nam
(SEA); Distefano, Maria G (SEA); Servetnick, Adrian (SEA)
Cc: McMorrow, Paul (SEA)
Subject: FW: Project Plum: MA Thank you
Best,
Mike
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762
Mike,
Karen Kulish
O: 203 373-2575
C:
Fairfield, CT 06828
**********************************************************************
are addressed. If you have received this email in error please notify the
system manager at postmaster at dor.state.ma.us.
**********************************************************************
From:
To:
Cc:
Subject:
Date:

Doolin, James
Morse, Elizabeth; McDonald, Catherine; DeTour, Michele
RE: Project Plum
Anything in here that we shouldnt send to the company? The thought is to forward this on when it
is ready.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

statement. Jim
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James

Mike Kennealy
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Monday?) Jim
James P. Doolin
O 617-568-3102
C 617-594-5953

To: Doolin, James
Mike Kennealy
Mike Kennealy
access code

group.
Mike

(EOHED)

pushing).



project?

1.
Could folks start giving consideration to #1 and #2

2.
Could you please also suggest (if applicable) others

3.
Can we all get on a call tomorrow at 4:30pm to

discuss.

All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Cc:
Subject:
Date:

Woodruff, Brent (GE Global Operations, consultant); Eisenstadt, Amy (GE, Corporate); Klee, Ann (GE, Corporate);
Cowan, Mo
John Barros; Woodruff, Brent @ Atlanta Peachtree; Morse, Elizabeth; jdoolin; Jennifer F. Sullivan (ANF)
(Jennifer.F.Sullivan@MassMail.State.MA.US); Frazier, Ricks (EOHED)
RE: Proposal from Boston
Great, lets do 5pm today. I have copied some of my colleagues from the state who will join and
John (and I believe someone else) from the City will join too. Just please let us know the dial in
number. Looking forward to speaking, thanks.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From: Woodruff, Brent (GE Global Operations, consultant) [mailto:brent.woodruff@ge.com]

To: Eisenstadt, Amy (GE, Corporate) <amy.eisenstadt@ge.com>; Klee, Ann (GE, Corporate)
<Ann.Klee@ge.com>; Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>;
Cowan, Mo <MCowan@mlstrategies.com>
Cc: John Barros <john.barros@boston.gov>; Woodruff, Brent @ Atlanta Peachtree
(Brent.Woodruff@cbre.com) <Brent.Woodruff@cbre.com>
Subject: RE: Proposal from Boston
I am good for a call at 5 pm.
Brent Woodruff
404.504.5962

To: Klee, Ann (GE, Corporate) <Ann.Klee@ge.com>; Kennealy, Michael (SEA)
<michael.kennealy@state.ma.us>; Cowan, Mo <MCowan@mlstrategies.com>
Cc: John Barros <john.barros@boston.gov>; Woodruff, Brent (GE Global Operations, consultant)
Yes for the general questions, lets keep trying for 5 tonight.
A call with Brent will be fine. I know his schedule is quite tight so I am leaving it to him.

Amy Eisenstadt
State Tax Counsel
(cell)

To: Kennealy, Michael (SEA); Cowan, Mo
Cc: John Barros; Eisenstadt, Amy (GE, Corporate); Woodruff, Brent (GE Global Operations, consultant)
Ill defer to Amy and Brent on the time; Im assuming a call will be fine. Thanks Mike.

To: Klee, Ann (GE, Corporate); Cowan, Mo
Cc: John Barros; Eisenstadt, Amy (GE, Corporate)
Thank you Ann what would be a good time to meet?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From: Klee, Ann (GE, Corporate) [mailto:Ann.Klee@ge.com]

To: Kennealy, Michael (EOHED) <Michael.kennealy@MassMail.State.MA.US>; Cowan, Mo
Cc: John Barros <john.barros@boston.gov>; Eisenstadt, Amy (GE, Corporate)
<amy.eisenstadt@ge.com>
Thanks Mike. Our team has been reviewing the revised package and I know they will reach out to
your team if they havent done so already (which knowing them, I suspect they have). In the
meantime, it would be very helpful if we could set up a meeting as soon as possible between your
team (especially the Massport folks) and our CBRE partner, Brent Consultant, so that we can better
understand the Massport development piece. Thats obviously critical to the value of the overall
package and we need to be able to present the terms of the Boston proposal to our senior
leadership tomorrow COB.
Thanks for your help in making that happen.
ark

To: Klee, Ann (GE, Corporate); Cowan, Mo
Cc: John Barros
Apologies small typo corrected now (hangar). Please see attached.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

To: Ann R. Klee (Ann.Klee@ge.com) <Ann.Klee@ge.com>; 'Cowan, Mo'
Cc: 'John Barros' <john.barros@boston.gov>
Subject: Proposal from Boston
Ann, Mo,
Please see the attached documents we look forward to discussing.
All the best,

Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

RE: Re: GE / Jobs Plan
Info is consistent with what I am hearing. Yes, contacts would be helpful.
MTC is exactly the right place. Weve been using them to do so and developing out the agenda and
relationship (need to talk about proposed 9C cuts to MTC which would greatly reduce their ability to
do so I have a meeting request into Kristen Lepore for this purpose).
From:
Subject: Re: GE / Jobs Plan
Steve & Jay -

GE...
I had conversation last week with Israel Ruiz, who is the Provost at MIT. He said he
could call Susan Hochberg - former President of MIT and Board member at GE - if
that would be helpful to us. I said it would be, so he did. His thoughts coming out of
that phone call are as follows...
Key General Points
Boston, MA is very much part of the finalist list per board meeting two weeks ago.
Decision will be made very soon. List not disclosed
The decision is not going to be just financial. Logistics and innovation ecosystem very
important.
Gov. Cuomo is throwing everything on the table to sweeten the deal
Jeffs style much closer to Governor Baker
Key suggestion: Gov. Baker needs to engage very soon (ideally in person) with
Jeff
Key messages to be delivered
An exciting vision for Boston and the Commonwealth that is distinctive and beyond
just life sciences that everybody knows. A future where bold ideas and disruptive
technologies are invented.
- GE should not only be part of this future, but help us shape it together
- GEs transformation as a company (industrial internet) wants to be where things
happen and the future is invented and they can shape it.
- GE is no longer a financial company (no point being located in NY). A few GE
divisions have already declared MA to be their place.

- Ask Jeff directly, what it would take for GE to be part of this exciting future?
Sharing key data with Jeff
When people go around and meet top scientific or engineering people in the US and
around the world, more than 50% are from Boston and more than 2/3 have been
educated in the greater Boston area (had no source for this).
- Share the list of current direct international destinations from Logan, especially
to South America and the East. List any upcoming ones.
-----------------
He then suggested to me that I put the above into a powerpoint or a letter, and visit
with Jeff Immelt sometime in early / mid - January.
In response to this, I called Bob White at Bain and asked him if he had data / a pitch
deck / analytics in his shop on all of the above. Bob said he would check - but also
said if we hadn't reached out to the folks at Harvard Business School to talk about
their partnership in Allston with the Harvard Engineering School - and potentially MIT
- we should, because he thinks that build out could be very interesting to GE. I
agreed - and plan to reach out to the Dean of HBS today.
I also reached out to Larry Renfro, the CEO of Optum ($80 billion division of United
Healthcare), who lives in MA and has put a lot of money into building out their
footprint here. He will get us whatever we need on why they are investing so heavily
here, and told me they work very closely with GE on a number of projects.
Steve - I am going to have you serve as project manager for this briefing document,
and will be connecting you with Bob and Larry.
Let's try to have a draft of this ready by 1/4/16.
Jobs Plan...
Here are my thoughts on the Jobs Plan:
1 - the regional clusters notion is less about what's in the actual bill, and more about
how we would choose to use it if / when the legislature passes it. I think we should
treat the what we put where question as an administrative decision, explain that what
we are asking the legislature for are the tools to build out regional clusters, and not
try to tie that idea directly into the legislation.
2 - the elements of this should be broad & flexible enough that they can be used
strategically, and not necessarily targeted to a narrowly defined vertical. Who knows
which one(s) will emerge over time as the ones we should make shared investments
in.

3 I would suggest the themes should be all about public / private partnerships and
capacity building - sector building or human capital building.
That said, I would line it up like this...
Skill Building
-- Matching Capital Equipment Grants for Career & Technical Schools ($50-100 MM)
-- The Authority for these schools to create pathways to associate degrees and
maybe apprenticeship programs.
Community Building
-- MassWorks ($350-500 MM)

-- Site Assembly / State Land ($50-70 MM)
-- TDI / Gateway Cities ($50-70 MM) in my mind, this should all be public / private
partnerships and separated in some way from the other 3 categories
-- Brownfields ($30-50 MM)
Sector Development
-- Mass. Tech Collaborative ($100 MM)

-- Life Sciences Center ($100 MM)
-- NNMI ($75-100 MM)
Past that - let the legislature add the nooks and crannies that they like to add. Keep
our proposal clean and simple, and let it rip. We can include Cyber, Robotics and
Advanced Manufacturing as potential sectors for development in the MTC stuff, and
digital health and medical devices and big data can all be part of either the life
sciences stuff or the MTC stuff. I do not think we should create another quasi - and
would ask you Jay if MTC - vs. some other vehicle - is the right place to process
innovative ideas we could partner with others on in the cyber, digital health, robotics
and other stuff.
All for now.
Charlie
From:
To:
Cc:
Subject:
Date:
Kersten, Annamarie (MOBD)

Cosco, Jonathan (EOHED); Pham, Nam (EOHED); Milano, Peter (MOBD)
Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Giovino, Joey (MOBD)
RE: Requested Materials
See below.
Annamarie Kersten
EDIP Director
Boston, MA 02116
Phone: 617-973-8534
Fax: 617-973-8554

To: Kersten, Annamarie (MOBD); Pham, Nam (EOHED); Milano, Peter (MOBD)
Cc: Kennealy, Michael (EOHED); Frazier, Ricks (EOHED)
Subject: RE: Requested Materials

Thank you!
___________________________________________
Jonathan M. Cosco
Boston, MA 02114
617-788-3628
From: Kersten, Annamarie (MOBD)

To: Cosco, Jonathan (EOHED); Kennealy, Michael (EOHED); Pham, Nam (EOHED); Milano, Peter
(MOBD)
Subject: Requested Materials
Joey is searching the files too. So far, weve found the following.
Annamarie Kersten
EDIP Director
Boston, MA 02116
Phone: 617-973-8534
Fax: 617-973-8554
From:
To:
Subject:
Date:
Attachments:

RE: Revised letter, Steve"s edits at 12:10 pm
Project Plum Dec 8.sk.noon.docx MJK.docx
With the following edits attached .

Barros signed off. Waiting for Jen's edits and final Massport deck.
Propose to send letter and deck to Ann and Mo then forward to group.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Subject: RE: Revised letter, Steve's edits at 12:10 pm
Steve, this looks great - a few edits I propose to make:
- I checked in with Lon
- Innovation Center - just a few words to refer back to 12/1 proposal

- paragraph 5 - should it be "staff in the office of the . . . "
I will make whatever edits Jen has to your version and send back.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>; Lepore, Kristen (ANF)

<stephanie.pollack@dot.state.ma.us>; Tom Glynn <tglynn@massport.com>;
Elizabeth Morse <EMorse@massport.com>; jdoolin <jdoolin@massport.com>;
Povich, Lon (GOV) <lon.povich@MassMail.State.MA.US>; Garrity, Rob (DOT)
Subject: RE: Revised letter, Steve's edits at 12:10 pm
Please take a look at the attached.
Mike -- please send to John Barros.
All comments back to Mike Kennealy not later than 12:30 pm.
Thx.
To: Ash, Jay (EOHED); Kadish, Steven (GOV); Lepore, Kristen (ANF);
Pollack, Stephanie (DOT); Tom Glynn; Elizabeth Morse; jdoolin; Povich, Lon
(GOV); Garrity, Rob (DOT)
Subject: RE: Revised letter
New letter attached
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762

To: Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>; Kadish, Steven (GOV)
<steven.kadish@MassMail.State.MA.US>; Lepore, Kristen (ANF)
'Elizabeth Morse' <EMorse@massport.com>; 'jdoolin' <jdoolin@massport.com>;
Subject: RE: Revised letter
Thoughts on letter and process:
- Section 1 will change based on which scenario we are pursuing.
- Other sections remain the same regardless of scenario, though MLSC (and
Current) might move up.
- Need City to review; question is when. "Massport as partner" needs to
be approved by them (still have City-owned sites in the mix).
- Propose we send this with the Massport presentation. Question now on
whether to include MassWorks memo (attached) regardless of which scenario
we are pursuing.
- Specific information needs/questions:
1. Have we described Massport/role appropriately 2. Is the helipad
public 3. Need language on TMA 4. What we can do with Current 5.
Regardless of scenario, do we throw in some MLSC money.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762
To: Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>; Kadish, Steven (GOV)
<steven.kadish@MassMail.State.MA.US>; Lepore, Kristen (ANF)
Elizabeth Morse <EMorse@massport.com>; jdoolin <jdoolin@massport.com>;
Subject: Revised letter
Please see attached. Working on scenarios #2 and #3. Information needs
are highlighted. Please send me edits directly or call vs. marking up
document given number of parties reviewing. The writing still a little
rough - working on that too.
Mike Kennealy
Office: 617-788-3640
Cell: 617-634-4762
December 8, 2015
Ann R. Klee
Vice President
Fairfield, CT 06828
Dear Ms. Klee,
We are pleased to provide some additional thoughts on a partnership between General Electric,
the Commonwealth and the City. We again have endeavored to listen to your feedback and
accordingly have strengthened our proposal and added some additional elements:
1. Public support for your headquarters through a partnership with Massport: Our
December 1 proposal contemplated up to $80 million in public infrastructure improvements
financed by the state. We now propose that Massport be your development partner,
construct a building on a Massport site and, by discounting the construction cost by $80M,
arrive at substantial lease savings for GE. Massport also proposes to build a parking
structure nearby, allowing GE the benefit of proximate parking. Further, Massport has
previously structured lease payments for certain projects that delay or reduce payments in
the early years of the lease while still achieving fair market value overall, and they expect to
work closely and creatively with you.
Massport has a mission to promote economic development and a record of success in
developing its extensive real estate portfolio (including in the Seaport District). Massport
has great experience working with City and state officials, federal regulators and private
parties and in dealing with security and public safety concerns. Attached please see the
specific sites and other information related to this Massport opportunity.
2. Corporate Jets and Helicopters: We understand the importance of immediate access to
your corporate fleet. We now propose:
Parking of one executive jet and one helicopter at Logan Airport for 24/7 access.
A hanger for executive aircraft at Hanscom Airport, with on-call service to Logan.
State financed construction of a new public helipad in Boston (one-site has FAA
approval; other site options can be reviewed.
1
3. Innovation Center a premier talent pipeline: As presented on December 1, we propose

a $5M investment to launch an Innovation Center in your building or another location with
MassChallenge, an internationally renowned start-up accelerator. To advance this potential,
we propose to invite participation from Harvard, MIT, Northeastern, the UMass schools and
others, bringing together the best of our public and private universities and research
institutions. This partnership would allow you to collaborate with, and recruit, the worlds
most talented students, engineers, scientists, programmers, MDs, and entrepreneurs.
4. Local property tax incentive: Same $20M as proposed before.
5. Coordinated Permitting: Coordinated and streamlined permitting process by City and state
authorities and a permitting Ombudsman to assist in addressing any permitting issues. We
will dedicate staff in the office of the Secretary of Administration and Finance, supported by
the Governors Office. A similar dedication of staff will be provided by the Boston
Redevelopment Authority, supported by the Mayors Office.
6. GEs Current: We are prepared to support the launch of your Current business here in
Boston with a grant of $5-10M over two years.
7. Improvements to Local Transportation:
Investment of public funds to purchase new vehicles and provide additional service to
the GE headquarters site as part of the Seaport Transportation Management Association
Up to $50 million of improvements through our I-Cubed program, including streetscapes,
water taxi, parking, utilities, public safety features and other public infrastructure
Up to $125 million in City and state financed improvements to streets, transit, bridges
and bikeways.
8. Workforce Training Fund: Same $1M as proposed before.
9. Concierge and housing service: As discussed in our December 1 proposal, a Concierge
team will be dedicated to easing the transition for GE and your employees, including home
buying assistance with Boston Home Center and Mass Housing.
We believe we are presenting to you the premier ecosystem to grow your business, an
exceptional place to live, substantial public investment in your project, and other amenities that
will make it as easy as possible for GE and your employees to move to and live in Boston. We
look forward to your response.
Sincerely,
Charles D. Baker
Governor
Martin J. Walsh
Mayor of Boston
From:
To:
Subject:
Date:

Povich, Lon (GOV)
RE: Revised letter
Great thanks
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
-----Original Message----From: Povich, Lon (GOV)

Subject: Re: Revised letter
Sent from my iPhone

>
>
>
> Mike Kennealy
> Office: 617-788-3640
> Cell: 617-634-4762
>
>
> -----Original Message----> From: Povich, Lon (GOV)
> Sent: Tuesday, December 08, 2015 12:07 PM
> Subject: Re: Revised letter
>
>
>
>
>>
>>
. Steve making some edits and hopefully final
product going out by 12:30pm.
>>
>> Mike Kennealy
>> Assistant Secretary for Business Growth The Commonwealth of
>> Massachusetts Executive Office of Housing & Economic Development One
>> Ashburton Place, Room 2101 Boston, MA 02108
>> Office: 617-788-3640
>> Cell: 617-634-4762
>> michael.kennealy@state.ma.us
>>
>>
>> Sent: Tuesday, December 08, 2015 10:59 AM
>> To: Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>; Kadish, Steven
>> (GOV) <steven.kadish@MassMail.State.MA.US>; Lepore, Kristen (ANF)
>> <kristen.lepore@MassMail.State.MA.US>; Sullivan, Jennifer F. (ANF)
>> <Jennifer.F.Sullivan@MassMail.State.MA.US>; Ross, Robert (ANF)
>> <robert.ross2@MassMail.State.MA.US>; Frazier, Ricks (EOHED)
>> <ricks.frazier@MassMail.State.MA.US>; Pollack, Stephanie (DOT)
>> <stephanie.pollack@dot.state.ma.us>; Tom Glynn <tglynn@massport.com>;
>> 'Elizabeth Morse' <EMorse@massport.com>; 'jdoolin'
>> <jdoolin@massport.com>; Povich, Lon (GOV)
>> <lon.povich@MassMail.State.MA.US>; Garrity, Rob (DOT)
>> <rob.garrity@dot.state.ma.us>
>> Subject: RE: Revised letter
>>
>> New letter attached
>>
>>
>>
>> Mike Kennealy
>> Office: 617-788-3640
>> Cell: 617-634-4762
>>
>>
>> 'Elizabeth Morse' <EMorse@massport.com>; 'jdoolin'
>> <lon.povich@MassMail.State.MA.US>; Garrity, Rob (DOT)
>> <rob.garrity@dot.state.ma.us>
>> Subject: RE: Revised letter

>>
>> Thoughts on letter and process:
>>
>> - Section 1 will change based on which scenario we are pursuing.
>> - Other sections remain the same regardless of scenario, though MLSC
(and Current) might move up.
>> - Need City to review; question is when. "Massport as partner" needs
to be approved by them (still have City-owned sites in the mix).
>> - Propose we send this with the Massport presentation. Question now on
whether to include MassWorks memo (attached) regardless of which scenario
we are pursuing.
>> - Specific information needs/questions:
>>
>> 1. Have we described Massport/role appropriately 2. Is the helipad
public 3. Need language on TMA 4. What we can do with Current 5.
Regardless of scenario, do we throw in some MLSC money.
>>
>> Mike Kennealy
>> Office: 617-788-3640
>> Cell: 617-634-4762
>>
>> Elizabeth Morse <EMorse@massport.com>; jdoolin
>> <lon.povich@MassMail.State.MA.US>; Garrity, Rob
>> (DOT) <rob.garrity@dot.state.ma.us>
>> Subject: Revised letter
>>
>> Please see attached. Working on scenarios #2 and #3. Information
needs are highlighted. Please send me edits directly or call vs. marking
up document given number of parties reviewing. The writing still a little
rough - working on that too.
>>
>> Mike Kennealy
>> Office: 617-788-3640
>> Cell: 617-634-4762
>>
>>
>>
>> <Project Plum Dec 8 2.docx>
From:
To:
Subject:
Date:

Mcgaugh, James (GE Corporate)
RE: Revised Package
Yes, thanks.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762
From: Mcgaugh, James (GE Corporate) [mailto:james.mcgaugh@ge.com]

Subject: RE: Revised Package
Mike, thanks. As Im sure you heard yesterday, time is of the essence. Thanks for your help. Jim

Subject: RE: Revised Package
Hi Amy, we are going to send over some additional thoughts by noon or 1pm. If time permits, I will
call you to discuss. I hope that works, thanks.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Cc: Roberti, Scott (GE, Corporate) <Scott.Roberti@ge.com>; Mcgaugh, James (GE Corporate)
<james.mcgaugh@ge.com>
I heard from Ann that a revised package would be sent sometime before noon tomorrow. I am
going to suggest we do a call in the morning before its officially approved for submission. This
would give you an opportunity for feedback in case some adjustments would make sense, as well as
assist in keeping within the time constraints we are all working under.
Thanks.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

RE: Revised Package
Id do the call with her. There is enough back and forth with a number of reps in our State House
meeting today that the generalities of the proposal is known by them anyway.

Subject: Fwd: Revised Package
Will call you to discuss response.

Mike Kennealy
From: "Eisenstadt, Amy (GE, Corporate)" <amy.eisenstadt@ge.com>
To: "Kennealy, Michael (EOHED)" <Michael.kennealy@MassMail.State.MA.US>
Cc: "Roberti, Scott (GE, Corporate)" <Scott.Roberti@ge.com>, "Mcgaugh, James (GE
Corporate)" <james.mcgaugh@ge.com>
I heard from Ann that a revised package would be sent sometime before noon
tomorrow. I am going to suggest we do a call in the morning before its officially
approved for submission. This would give you an opportunity for feedback in case
some adjustments would make sense, as well as assist in keeping within the time
constraints we are all working under.
Thanks.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Cc:
Subject:
Date:

Roberti, Scott (GE, Corporate); Mcgaugh, James (GE Corporate)
RE: Revised Package
Amy, just tried to reach you could you call me?
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Cc: Roberti, Scott (GE, Corporate) <Scott.Roberti@ge.com>; Mcgaugh, James (GE Corporate)
<james.mcgaugh@ge.com>
I heard from Ann that a revised package would be sent sometime before noon tomorrow. I am
going to suggest we do a call in the morning before its officially approved for submission. This
would give you an opportunity for feedback in case some adjustments would make sense, as well as
assist in keeping within the time constraints we are all working under.
Thanks.
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Bcc:
Subject:
Date:
Ash, Jay (EOHED)

Klee, Ann (GE, Corporate); Ash, Jay (EOHED)
RE: schools
Friday, January 15, 2016 7:07:14 AM
Good morning! We're happy out. In our internal discussions, Mintz agreed in offered to be the
point on this. Or do you want to have Matt do so. On my end, Mike will be the guy. Also, feel
free to call on anything. If you have a list of things, let me know if you want to speak. I'd like
to do that type of work over the phone for now.

Date: 01/14/2016 8:50 AM (GMT-05:00)
Subject: schools
Jay Now that the decision has been made, some of our senior executives are starting to look at
private schools for their kids. Is there someone in the State who can help with introductions to the
private schools in the area? Matt Cribbins (who youll remember was on the exploratory team and
was a HUGE Boston advocate) is heading up next week. Would be great to get some help, a point of
contact, etc. to get his kids into school in the fall. Thanks.
ark
Ann R. Klee
Vice President
GE
Fairfield, CT 06824
203-373-3198 (o)
(m)
From:
To:
Cc:
Subject:
Date:
Ash, Jay (EOHED)

Re: Southfield
Thursday, August 13, 2015 10:03:51 AM
Great - the Ledger said something about a road project?

Sent from my iPhone
On Aug 13, 2015, at 10:00 AM, Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>
wrote:
We are all in on this project. We have been very aggressive. I have spent
considerable time as has staff on it. We included Southfield in our discussion
with GE, for example. Stephanie is being very helpful on the infrastructure side.
The developer, the house majority leader, and the towns are all pleased with our
efforts.
-------- Original message -------From: GOV E-mail

Date: 08/13/2015 9:57 AM (GMT-05:00)
To: "Pollack, Stephanie (DOT)" <stephanie.pollack@dot.state.ma.us>, "Ash, Jay
(EOHED)" <jay.ash@MassMail.State.MA.US>
Subject: Southfield
Got asked about this project when I was at the Quincy Patriot Ledger yesterday. Any thoughts or
updates?
Sent from my iPhone
From:
To:
Cc:
Subject:
Date:

Ash, Jay (EOHED)
Re: Southfield
Thursday, August 13, 2015 10:10:29 AM
Thanks.
Sent from my iPhone
On Aug 13, 2015, at 10:09 AM, Pollack, Stephanie (DOT)
<stephanie.pollack@dot.state.ma.us> wrote:
The road is an extension of an East West Parkway that the previous Administration
started to connect Route 3 on the east side of the base and Route 18 on the west side.
It does not currently connect to Route 18 because DOT was doing work on Route 18
that precluded that work. Route 18 is now done and we are working with the new
developer to finish the east-west connection by extending an existing road, Trotter
Road, to make a full east-west connection. Money was included in our FY16 capital
budget for this project. Only hangup is the developer wants to do it as a design-build
project and we were not planning to use that methodology, which is usually only for
bigger/more expensive project (there is a statutory minimum on project cost for DOT
authority to use design-build and this project as a stand alone is below it). At the
request of the new developer, legal is now looking at whether we can amend the
contract for the East West Parkway project (which was design-build) to tag this piece
on.
Stephanie
GOV Email
From:
Sent: Thursday, August 13, 2015 10:04 AM
Cc: Pollack, Stephanie (DOT)
Subject: Re: Southfield
GOV Email

Sent from my iPhone
On Aug 13, 2015, at 10:00 AM, Ash, Jay (EOHED)
We are all in on this project. We have been very aggressive. I have
spent considerable time as has staff on it. We included Southfield in
our discussion with GE, for example. Stephanie is being very helpful
on the infrastructure side. The developer, the house majority leader,
and the towns are all pleased with our efforts.


Date: 08/13/2015 9:57 AM (GMT-05:00)
To: "Pollack, Stephanie (DOT)"
<stephanie.pollack@dot.state.ma.us>, "Ash, Jay (EOHED)"
Subject: Southfield
Got asked about this project when I was at the Quincy Patriot Ledger yesterday. Any
thoughts or updates?
Sent from my iPhone
From:
To:
Subject:
Date:

Ash, Jay (SEA)
RE: Southfield
I will look into it but we werent carrying $5 million, we were only carrying about $2 million.
Stephanie
From: Ash, Jay (SEA) [mailto:jay.ash@massmail.state.ma.us]

Sent: Wednesday, August 26, 2015 9:13 AM
To: Pollack, Stephanie (DOT)
Subject: RE: Southfield
I spoke with the developer about the roadway coming in at $9.8m (if I have the right number). He
suspects that included utility work, which is not required by them and will be located elsewhere on
site. He says the 25% drawings carried with it a $5.2m price tag, which was consistent with the
original estimate of $5m plus $1m in contingency. Is it possible that he is right and if we peel back
the utilities from your bid we get back down to the $5m range?
From: Pollack, Stephanie (DOT) [mailto:stephanie.pollack@dot.state.ma.us]

To: GOV Email Ash, Jay (EOHED)
Subject: RE: Southfield
The road is an extension of an East West Parkway that the previous Administration started to
connect Route 3 on the east side of the base and Route 18 on the west side. It does not currently
connect to Route 18 because DOT was doing work on Route 18 that precluded that work. Route 18
is now done and we are working with the new developer to finish the east-west connection by
extending an existing road, Trotter Road, to make a full east-west connection. Money was included
in our FY16 capital budget for this project. Only hangup is the developer wants to do it as a designbuild project and we were not planning to use that methodology, which is usually only for
bigger/more expensive project (there is a statutory minimum on project cost for DOT authority to
use design-build and this project as a stand alone is below it). At the request of the new developer,
legal is now looking at whether we can amend the contract for the East West Parkway project
(which was design-build) to tag this piece on.
Stephanie
From: GOV Email

Cc: Pollack, Stephanie (DOT)
Subject: Re: Southfield

Sent from my iPhone
On Aug 13, 2015, at 10:00 AM, Ash, Jay (EOHED) <jay.ash@MassMail.State.MA.US>

wrote:
We are all in on this project. We have been very aggressive. I have spent
considerable time as has staff on it. We included Southfield in our discussion
with GE, for example. Stephanie is being very helpful on the infrastructure side.
The developer, the house majority leader, and the towns are all pleased with our
efforts.

Date: 08/13/2015 9:57 AM (GMT-05:00)
To: "Pollack, Stephanie (DOT)" <stephanie.pollack@dot.state.ma.us>, "Ash, Jay
(EOHED)" <jay.ash@MassMail.State.MA.US>
Subject: Southfield
Got asked about this project when I was at the Quincy Patriot Ledger yesterday. Any thoughts or
updates?
Sent from my iPhone
From:
To:
Subject:
Date:

RE: Time for a quick call today?
___________________________________________
Jonathan M. Cosco
Boston, MA 02114
617-788-3628

Amy
Sorry I disappeared this morning. For some reason cell coverage and even email disappeared
entirely.
We are still tracking down details on the EDIP lease issue, but have confirmed that a lessee is eligible
for EDIP credits, although the schedule for actually taking them may be an extended one. DOR still
owes us an answer on that question, but they would definitely be available to you as a lessee.
Ricks

Amy Eisenstadt
State Tax Counsel
(cell)

Sent from my iPhone

On Dec 1, 2015, at 8:53 AM, Eisenstadt, Amy (GE, Corporate) <amy.eisenstadt@ge.com> wrote:
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Cc:
Subject:
Date:

Thanks could you please provide citations to the authority for the lease payments being qualified
expenditures as well as how the credit is calculated and taken?
Amy Eisenstadt
State Tax Counsel
(cell)

Amy
Sorry I disappeared this morning. For some reason cell coverage and even email disappeared
entirely.
We are still tracking down details on the EDIP lease issue, but have confirmed that a lessee is eligible
for EDIP credits, although the schedule for actually taking them may be an extended one. DOR still
owes us an answer on that question, but they would definitely be available to you as a lessee.
Ricks

Amy Eisenstadt
State Tax Counsel
(cell)


Sent from my iPhone
On Dec 1, 2015, at 8:53 AM, Eisenstadt, Amy (GE, Corporate) <amy.eisenstadt@ge.com> wrote:
Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Cc:
Subject:
Date:

"Eisenstadt, Amy (GE, Corporate)"
Amy
I discussed further with DOR and here is how the lessor credit would work in the fact pattern you
inquired about.
EDIP under G.L. c. 63, s. 38N, would be available to a lessee of real property, as specified in that
statute, in a certified project. The regulations are out of date with respect to real property lessees,
but the statutory change was recognized in Technical Information Release 10-1 (See section III F of
that TIR.) The TIR spells out that the calculation of the credit in the case of a real estate lease would
use the same methodology as previously existed for tangible personal property. So by virtue of the
TIR, the methodology in 830 CMR 63.38N.1(6)(b) would apply to a real estate lease as well as to a
lease of tangible property. The practical effect of this would be to make the credit available to the
lessee over the term of the lease, prorated based on the useful life of the property and the lessors
cost or other basis in the property.
The EDIP is not available to a lessor of real or tangible property by virtue of the express language in
G.L. c. 63, s. 31A(b). This provision is in the ITC statute, on which the EDIP is based.
The section of the EDIP regulation that you inquired about is a regulatory provision that provided
some relief from the 31A(b) statutory preclusion of leasing structures in the particular case of real
estate leases between commonly owned entities. It is, of course, common for a business to own
real property in one legal entity which leases the property to an affiliated operating company.
Given the common ownership, the frequent use of the structure for non-tax purposes, and the fact
that prior law did not allow a lessee of real property to take a credit, the regulation exercised
administrative discretion by disregarding such leases and allowing the acquiring entity/owner to
take the EDIP credit, notwithstanding the lease to an affiliate. This provision would still be valid to
the extent that it applies to the facts of any particular project. But our understanding is that the
project now under discussion would involve a lease between unrelated parties, which would make
the provision inapplicable.
While I hope this answers your question, I would add that collectively we can only think of one
instance where an applicant for EDIP credits used this provision, so its not something that weve
had a lot of opportunities to work with and analyze different scenarios.
Obviously, if you have any further questions, please dont hesitate to ask.
Ricks


Any update?
Amy Eisenstadt
State Tax Counsel
(cell)

That's how I read it, but the question of related entities still seemed to be of interest to the experts,
so I don't want to speak for them.
Sent from my iPhone
On Dec 1, 2015, at 7:45 PM, Eisenstadt, Amy (GE, Corporate) <amy.eisenstadt@ge.com> wrote:
This would not be our fact pattern but this part of the regulation seems to limit the
lessee credit to the fact pattern.
Amy Eisenstadt
State Tax Counsel
(cell)

I think were going to have to run this one past DOR. We did not discuss this scenario
and I would defer to their views.
Ricks

Are you saying this part of the regulation doesnt apply? How the calculation works,
perhaps with an example, for leased real property would be greatly appreciated.
(b) Lessor. The credit is generally not available to the lessor of eligible property. However, the credit
is available to a lessor for eligible property, other than tangible personal property, leased to a lessee
provided the relationship between the lessor and the lessee is:
1. an individual and a corporation if such individual owns, directly or indirectly, 100 percent of the
outstanding stock in the corporation;
2. a corporation and a partnership if the same persons own, directly or indirectly, 100 percent of the
outstanding stock in the corporation and 100 percent of the capital interest or profit interest in the
partnership;
3. a corporation and another corporation if the same persons own, directly or indirectly, 100 percent
of the outstanding stock in each corporation;
4. the fiduciary of the trust that holds the leased property and the sole grantor of the trust;
5. the fiduciary of the trust that holds the leased property and the fiduciary of another trust if the
same person is the sole grantor of both trusts;
6. the fiduciary of the trust that holds the leased property and the sole beneficiary of such property;
7. the fiduciary of the trust that holds the leased property and a corporation if the trust, the sole
grantor of the trust, or the sole beneficiary of the trust owns, directly or indirectly, 100 percent of the
outstanding stock in the corporation.
Amy Eisenstadt
State Tax Counsel
(cell)

Subject: FW: Time for a quick call today?
Amy
Here is the language and links to other relevant materials. What we are waiting for
from DOR is whether there is another regulation relating to useful life of real property
that might apply here. Our working assumption is that these are the applicable rules,
but they are checking to make sure we have not missed anything.
Ricks

Heres the statutory language:
A corporation subject to tax under this chapter that participates in a certified project,
as defined in sections 3A and 3F of chapter 23A, may take a credit against the excise
imposed by this chapter to the extent authorized by the economic assistance
coordinating council established by section 3B of said chapter 23A, in an amount not
to exceed 50 per cent of such liability in a taxable year; provided, however, that the 50
per cent limitation shall not apply if the credit is refundable under subsection (b): (i)
for certified expansion projects and certified enhanced expansion projects, as defined
in said sections 3A and 3F of said chapter 23A, an amount up to 10 per cent; (ii) for
certified manufacturing retention projects, as defined in said sections 3A and 3F of said
chapter 23A, an amount up to 40 per cent of the cost of any property that would
qualify for the credit allowed by section 31A if the property were purchased by a
manufacturing corporation or a business corporation engaged primarily in research
and development and is used exclusively in a certified project, as defined in said
sections 3A and 3F of said chapter 23A; and, (iii) for certified job creation projects, as
defined in said sections 3A and 3F of said chapter 23A, an amount up to $1,000 per job
created, or up to $5,000 per job created in a gateway municipality as defined by
section 3A of chapter 23A or within a city or town whose average seasonally adjusted
unemployment rate, as reported by the executive office of labor and workforce
development, is higher than the average seasonally adjusted unemployment rate of
the commonwealth; provided, however, that the total award per project shall be no
more than $1,000,000; and further provided that a credit under this clause (iii) shall be
allowed only for the year subsequent to that in which the jobs are created. A lessee
may be eligible for a credit under this subsection for real property leased under an
operating lease.
M.G.L. c. 63, sec. 38N(a) (emphasis added). M.G.L. c. 62, sec. 6(g) has similar language.
The current regulation, 830 CMR 63.38N.1(6)(b), still provides that the credit is not
available for real property, but that has obviously been superseded by statutory
revision in 2009. However, DOR Technical Information Release 10-1 confirms that the
rules used to calculate the credit for leased real estate will be the same rules used to
calculate the credit for leased tangible personal property set out in Regulation 830
CMR 63.38N.1(6)(b). Heres a link to the regulation
http://www.mass.gov/dor/businesses/help-and-resources/legal-library/regulations/6300-taxation-of-corporations/830-cmr-6338n1-economic-opportunity-area-credit.html
and to the TIR http://www.mass.gov/dor/businesses/help-and-resources/legallibrary/tirs/tirs-by-years/2010-releases/tir-10-1-economic-development-incentive.html
___________________________________________
Jonathan M. Cosco
Boston, MA 02114
617-788-3628

Amy
Sorry I disappeared this morning. For some reason cell coverage and even email
disappeared entirely.
We are still tracking down details on the EDIP lease issue, but have confirmed that a
lessee is eligible for EDIP credits, although the schedule for actually taking them may
be an extended one. DOR still owes us an answer on that question, but they would
definitely be available to you as a lessee.
Ricks

Amy Eisenstadt
State Tax Counsel
(cell)


Sent from my iPhone
On Dec 1, 2015, at 8:53 AM, Eisenstadt, Amy (GE, Corporate)

Amy Eisenstadt
State Tax Counsel
(cell)
From:
To:
Subject:
Date:
Re: Tomorrow
Great, thanks.
Mike Kennealy
> On Dec 8, 2015, at 7:16 PM, Eisenstadt, Amy (GE, Corporate)
>
> Ok. I'll set up a number so Jim can join
>
>
>> On Dec 8, 2015, at 7:06 PM, Kennealy, Michael (SEA)
>>
>> How about 11am?
>>
>> ________________________________________
>> From: Eisenstadt, Amy (GE, Corporate) [amy.eisenstadt@ge.com]
>> Subject: RE: Tomorrow
>>
>> Let's do it sometime after your 10:30. McGaugh and I both show open
until 3.
>>
>> Amy Eisenstadt
>> State Tax Counsel
>> General Electric Company
>>
>>
>>
(cell)
>>
>> -----Original Message---->> From: Kennealy, Michael (SEA) [mailto:michael.kennealy@state.ma.us]
>> To: Eisenstadt, Amy (GE, Corporate)
>> Subject: Tomorrow
>>
>> Amy, I have an 830 - 1030am meeting so either before or after that
best, or if need be I could step out of meeting.
>>
>> Mike Kennealy
From:
To:
Subject:
Date:

RE: Tomorrow"s Visit
Sure! I will let our team know.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Subject: Tomorrow's Visit
For tomorrows visit, may I ask your team to call my cell phone when they are 10 or 15 mins. out?
Many thanks Karen
(* We get funky cell service from time to time but I do check the phone frequently for missed calls
or voicemail so if I do not answer please leave a brief voicemail)
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828
From:
To:
Subject:
Date:
Attachments:

RE: Tomorrow"s Visit
Commonwealth of Massachusetts bios.pdf
Karen, one other item attached are the bios again in one document. Content is exactly the same,
but thought it might be more convenient to have in one document. Very much looking forward to
our visit tomorrow, and you have my cell phone number below if you need to reach me for any
reason.
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Subject: Tomorrow's Visit
For tomorrows visit, may I ask your team to call my cell phone when they are 10 or 15 mins. out?
Many thanks Karen
(* We get funky cell service from time to time but I do check the phone frequently for missed calls
or voicemail so if I do not answer please leave a brief voicemail)
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828
COMMONWEALTH OF MASSACHUSETTS

Secretary Jay Ash
Massachusetts. Secretary Ash is responsible for directing and executing Governor Charlie Bakers agenda
on housing and community development, job creation, business development, consumer affairs, and
business regulation. He previously served as the city manager in his native Chelsea, a position he held
from 2000 to 2014. In Chelsea, Secretary Ashs leadership produced both economic expansion and fiscal
stability. He grew the citys housing stock by over ten percent, expanded its commercial base with two
dozen major projects, led all Gateway Cities with a 15% increase in new employment, developed 10 new
parks, secured five credit rating increases, and won two All-America City designations for Chelsea.
Secretary Ash has led statewide initiatives on health insurance, youth violence, transportation
infrastructure and expanded gaming in Massachusetts. He previously served as co-founder and vicechair of the Metropolitan Mayors Coalition, as past president of the Metropolitan Area Planning Council,
as a board member of the public policy think tank MassINC, the staff director to the Massachusetts
House Majority Leader, and as an elected trustee of his alma mater, Clark University.
International Trade and Investment. In addition, Kirk is responsible for economic planning and growth in
the Maritime economic sector, oversees the MassWorks grant program, and provides direct support to
the Lieutenant Governors office on a number of initiatives. Prior to her appointment with the
Baker/Polito administration, in 2007 Kirk was the first woman popularly elected as Mayor of the City of
Gloucester. Kirk went on to win three subsequent general municipal elections, never lost a ward or a
precinct in any of her contests, and served as Mayor for seven years. Kirks administration invested
over $100 million in infrastructure thus laying the groundwork for future economic growth. The firstever business class hotel is under construction in the city in a long sought after waterfront location
adjacent to downtown. A new $40 million elementary school, the first one to be built since World War
II and which Kirk led the effort on for seven years, is also under construction in the city. Mayor Kirks
professional career spans over 25 years. She is a long-time management consultant and her clients have
included many of the Top 20 banks in the US, along with Fortune 500 companies. She and her husband
Bill Kirk have two children, Sam, 17 and Baylee, 14. Both are enrolled in Gloucester Public Schools. A
graduate of the Boston College class of 1984, Mayor Kirk was born and raised in Clinton, NY and moved
to Massachusetts to attend college. She moved to Gloucester in 1988 where she still resides, and was
drawn to the diversity and beauty of the city.
Mike Kennealy is the Assistant Secretary for Business Growth for the Commonwealth of Massachusetts
in the Executive Office of Housing & Economic Development. Mike joined the Baker-Polito
Administration in March 2015 and brings two decades of experience working with the management
teams of growing companies. He joined Spectrum Equity in 1997 and was a Managing Director of the
firm until early 2013. Founded in 1994 with offices in Boston and San Francisco, Spectrum is a leading
growth private equity firm that provides capital and strategic support to its portfolio companies. During
Mikes more than 15 years at the firm, Spectrum grew from $360 million in assets under management to
$4.7 billion and invested in nearly 100 high growth information services, digital media, software, and
Internet companies. After retiring from Spectrum, he spent two years as Special Advisor to the Receiver
at Lawrence Public Schools. There he worked with the state-appointed superintendent/receiver on
strategic and financial initiatives to support the turnaround plan and developed and managed
relationships with non-profit partners, philanthropic funders, and the municipal government. Earlier in
his career, Mike was an Associate at TA Associates, a Boston-based private equity firm. Mike, his wife,
and three children live in Lexington, where he has served on the Towns finance committee and a variety
of non-profit boards. He has been a member of the Board of Trustees of St. Johns Prep in Danvers, MA
since 2009 and is Vice Chairman of the Board. Mike received an AB magna cum Laude, Phi Beta Kappa,
with High Honors in Government from Dartmouth College and an MBA from Harvard Business School.
Nam recently joined the Baker-Polito Administration as the Assistant Secretary of Business Development
which oversees the Mass. Office of Business Development, Mass. Office of Travel and Tourism, Mass.
Film Office and Mass. Office of International Trade & Investment. Previously Nam was the CEO of
Vietnamese American Initiative for Development (VietAID). Nam has been a commercial banker for
more than 20 years in both lending and credit for premier community banks and large commercial
banks. From 1994 to 2000 Nam served as Commissioner of Massachusetts Office for Refugees and
Immigrants, and Deputy Director of the Massachusetts Office of International Trade & Investment. Nam
earned his BS degree in Business Administration from the University of Minnesotas Carlson School of
Management, and MPA in Political Economy from Harvards Kennedy School of Government.
Director for the Massachusetts Office of Business Development (MOBD). MOBD is the states one-stop
source for businesses seeking to relocate to Massachusetts or to expand their current operations
here. It provides businesses with information on site locations, workforce availability, funding and
financing and tax incentives. Prior to joining the Administration, she worked for Boston Main Streets as
a Neighborhood Business Manager where she oversaw the development and implementation of
business strategies and provided technical assistance to local Main Streets managers and
volunteers. She graduated cum laude from Salem State College and earned a BA in Political Science &
Sociology, and she lives with her husband and two children in Rockport.
Program and Communications Coordinator Adrian Servetnick
Adrian Servetnick serves as the Program and Communications Coordinator for the Executive Office of
Housing and Economic Development. He is responsible for data analysis and research, as well as
receiving and responding to press inquiries across EOHED. Adrian received a Bachelor of Arts degree in
Political Science from the University of Washington, Seattle, and previously worked as an intern with
Representative Derek Kilmer (D-WA), and with the House Armed Services Committee.
Massachusetts Department of Revenue
Commissioner Mark Nunnelly
Mark Nunnelly serves as Commissioner of the Department of Revenue. He is responsible for overseeing
nearly 2,000 DOR employees in offices across the state who work in tax administration, child support
enforcement and local services for cities and towns. He was appointed on March 30, 2015.
Commissioner Nunnelly, who also serves as Special Advisor to Governor Baker for Technology and
Innovation Competitiveness, brings a track record of building organizations and growing companies in
Massachusetts and across the country. Commissioner Nunnelly joined Bain Capital, one of the worlds
foremost private investment firms, in 1989 as a Managing Director. He held a number of leadership roles
as part of the firms growth and global expansion and worked extensively in the business services and
technology industries. Prior to joining Bain Capital, the Commissioner was a Partner at the consulting
firm Bain & Company, working in the US, Asian and European strategy practices. Previously, he worked
at Procter & Gamble in product management. Additionally, Commissioner Nunnelly founded, and had
operating responsibility for, several entrepreneurial ventures. He has been deeply involved in a number
of Massachusetts and national philanthropic efforts, with a particular focus on children and national
service. Commissioner Nunnelly received an MBA with Distinction from Harvard Business School and an
AB from Centre College.
From:
To:
Cc:
Subject:
Date:

Ash, Jay (EOHED)
RE: Update on further questions
Jay
Ricks

To: john.barros@boston.gov; Kadish, Steven (GOV)
Cc: Frazier, Ricks (EOHED); Kennealy, Michael (EOHED)
Subject: Update on further questions
Circulating their questions and the working draft of a response. John and I have talked. John will
review all and propose changes where necessary.
Updates
1. What are the employment tax benefits through the Mass Life Science Center?
specifically
a. What is the program?
i. MLSC offers a tax credit program to expand life sciences-related
employment opportunities, promote health-related innovations and
stimulate research and development, manufacturing and commercialization
in the life sciences in MA. GE Health has recently secured a MLSC award.
The new application would include both health division future employment
growth and the GE corporate positions. Upon approval of the MLSC Board,
GE would receive a tax credit. We are open discussing it as a refundable tax
credit.
b. What is the statutory authority supporting eligibility?
c. How was the $40m calculated?
i. The $40m proposal represents the largest award ever to be made from
the program. Its calculation is based on up to 100 GE Health jobs and up to
600 corporate jobs be located in MA over the next five years. The award
would be made for FY18-FY20 receipt.
2. What are the State energy efficiency contributions explanation of the program, eligibility
requirements, potential benefits, dollar level of support?
3. Property tax abatement what is the term and expected percentage?
i. The property tax abatement term is assumed to be ____ years and the
percentage of relief is expected to be _____%. The City is interested in both
job creation and the value of the building to be constructed. The
assumption has been 600 jobs and 150,000 s.f. of building, although the
calculation as to value is dependent on many other variables. Thus, the
actual value of the tax abatement will be dependent on the final project to
be built, and whether it is on private or public land.
4. What are the issues surround building a parking structure near a privately owned lot, ie is it
just availability of land/permitting?
i. Among the issues on a parking structure is the availability of land, the
ability to secure permitting and the mix of public or private parking that
would be included in the structure. The State is willing to engage in a
discussion about a grant for the structure through either the MassWorks or
I-Cubed program. Available funding would be requested through the
normal application process. A typical MassWorks award for parking
structure would be $5m-$10m. The I-Cubed program could make an award
of up to $50m for a garage, dependent upon job growth numbers that are in
excess of 600 (the 600 already being used to calculate other incentives
being offered and thus not available to leverage this I-Cubed opportunity).
Jay Ash, Secretary

Executive Office of
Housing and Economic Development
(v) 617-788-3626
jay.ash@state.ma.us
From:
To:
Subject:
Date:
Ash, Jay (EOHED)

Povich, Lon (GOV)
RE: We are still working on it
Monday, July 27, 2015 7:54:32 PM
Yes I agree. Thx for being part of the team.

Date: 07/27/2015 2:19 PM (GMT-05:00)
Subject: RE: We are still working on it
Ok, Good luck. Attorney-Client Communication
Attorney-Client Communication
Lon
Lon F. Povich
Boston, MA 02133
(617) 725-4082

Subject: RE: We are still working on it
Thx. Were working on it. Have a team of 6 going down, including Mark Nunnelly and me. Heres
the outline of our deck well be presenting.
1. Opening Argument
2. About Massachusetts
3. About the Gov
a. Biz/public service
b. Most popular governor in country and politician in state
c. About LG
4. About Political Stability
a. Current relationships have produced what
b. Average time for a Gov and a Mayor of Boston
5. Budget in General
a. $1.8b in cuts without tax increases and use of rainy day fund
6. HED and the Quasis
7. ED Agenda

8. Business Climate
9. Fortune 1000 companies
10. Recent wins/Current candidates
11. Ecosystem
12. Higher Ed
13. Testimonials
14. Workforce
15. Existing GE relations
16. Incentives
17. Taxation
18. Locations
a. Boston
b. Cambridge
c. Somerville
d. Worcester
e. Springfield
f. Southfield
19. Proximity to major centers
20. Airlines
21. Trains
22. Public Transportation
23. Other
a. Heliport
b. Private plans
24. Boston/Culture
25. Education
26. Greater Boston communities
27. General Quality of Life
28. Closing Arguments Work/Live/Play

29. FAS 109
Non
Responsive
Materials
Non Responsive Materials
From:
To:
Cc:
Subject:
Date:
John Barros
Ash, Jay (EOHED); Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Lepore, Kristen (ANF); Sullivan, Jennifer
F. (ANF); Tom Glynn; Morse, Elizabeth; jdoolin@massport.com; Pollack, Stephanie (DOT); Garrity, Rob (DOT);
Povich, Lon (GOV); Zarrella, Lily (GOV); Daniel Koh
Re: We have some homework to do on the Boston project
Here is summary information on Parcels N and P that will be helpful for the conference call:
The one thing we will need to clear up is which Parcel N they are referring to because there is
one in the BMIP and a different one located at Seaport Square. I assume the one located at
Seaport Square but I will provide context for both so we can discuss all possibilities.
Parcels N and P (Seaport Square)
Its important to note the Parcels N and P are privately owned by WS Development. The
Parcels sit side by side on the South Side of Seaport square along Summer Street.
A PDA was approved for Seaport Square in 2010.Office is not a currently an allowable use. PDA amendments require a BRA
Board vote.
Per the PDA docs, Parcel N is 348,000 GSF, 80-120'street wall height, overall height is 240'
Parcel P is 418,000 GSF, street wall heights of 42-90' and 270' max height
WS Development purchased Seaport Square in 2015. The Boston Globe reported in Oct 2015 that it was sold for $359
million and "Its
one of the priciest land deals ever in Boston. And at 2.8 million square
feet of permitted space over 10 blocks, its among the biggest developments in the
city.
Parcel N (BRA/EDIC)
The Parcel N, Boston Marine Industrial Park has a street address of 25 Fid Kennedy Avenue.
It is located across 88 Black Flacon the Massport building we discussed earlier. It is owned by
the BRA and designated to Cannistraro--HVAC company. They plan to renovate the building,
starting construction Q1 2016.
Chapter 91 forbidden uses include general office. This would need an amendment.
Parcel N contains approximately 141,425 square feet of land improved by a two story
structure with gross building area of approximately 160,000 square feet. The existing
structure is currently vacant.
East of 25 Fid Kennedy Avenue is the EDIC owned facility known as 3 Dolphin Way. 3
Dolphin Way consists of 148,150 square feet also owned by BRA.
On Fri, Dec 11, 2015 at 7:50 PM, Kadish, Steven (GOV)
<steven.kadish@massmail.state.ma.us> wrote:
Colleagues:
We have some homework to do. Our deliverable is due by 7 pm Sunday evening.

I have set up a phone call for tomorrow/Saturday at 10 am.
While the entity remains very interested in 2 different MassPort parcels (A2, D2), we have
also been asked to follow up on 2 hypotheticals described below.
For each, the entity would be looking at what the incentive option package could be from the
state/city.
We need to think about how to apply the tools that we have.
We should assume the same parameters in terms of

--total square feet (250,000 300,000),
--lease of at least 20 years, 150 parking spaces on-site, and
--300 spaces nearby.
1. Existing Office Building

a. MassPort gains control of the building (purchase, lease?) and entity is
lessee
b. Building remains in private control and entity is lessee
c. Entity owns building
2. Other sites: Do we know the status of parcels N or P in the Seaport? If it were possible
to gain control, then:
a. MassPort gains control of the site(purchase, lease, land swap?), develops
the building, and entity is lessee
b. Site remains in private control, building is developed privately, and entity
is lessee
c. Entity gains control of the site and builds building

d. Entity gains control of the site, MassPort builds building, and entity is
lessee
e. Other?
Sec Ash, Mike K can you please begin to frame what tools would work in each of the
alternatives?
I look forward to our discussion.
Thanks, in advance, for your good work!
Steve
-John Barros
6th Floor, Room 603
t: 617-635-5729
From:
To:
Cc:
Subject:
Date:

Ash, Jay (EOHED)
Re: We have some homework to do on the Boston project
Mike
Sent from my iPhone

On Dec 12, 2015, at 5:59 AM, Kennealy, Michaelh (EOHED)
Jay, Ricks,
Steve called last night and suggested that some thoughts be sent to the group ahead of the 10am call - Jay did you
say you were working on something or should I send? Mostly tied up before 10am (we're up in Kennebunkport) but
could sendsomething high level. Initial thoughts/questions I had on scenarios below:
1a - say that we're still good for $120 MM, but very different lease since we had to buy the property?
1b, 1c- no idea what we could do here. We wouldn't own the building, no capex so no EDIP
2 - I don't know sites N or P - just texted Barros.
2a - Massport acquiring a parcel through a swap shouldn't change our offer at all. Really need Massport to weigh in on
this, and everything else.
2b-d - EDIP could be used here, 10% of capex. Reminder on Liberty Mutual deal - $353 MM capex, $22.5 MM EDIP,
600 jobs.
Other thought - MLSC. By statute can only do $25 MM per year in tax credits. Would we say $5-10 MM per year for 5
years to plug any holes in a new proposal?
Question
Could always use MassWorks or I-Cubed particularly for garage.
Tools:
$120 MM in development (note - assuming $120 MM cap and floor on whatever we do)
MassWorks/I-Cubed
EDIP
MLSC
Local
Other?
Mike

To: Ash, Jay (EOHED); Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Lepore,
Kristen (ANF); Sullivan, Jennifer F. (ANF); Tom Glynn; Morse, Elizabeth;
jdoolin@massport.com; Pollack, Stephanie (DOT); Garrity, Rob (DOT); Povich, Lon (GOV);
Cc: Zarrella, Lily (GOV)
Subject: We have some homework to do on the Boston project
Colleagues:
We have some homework to do. Our deliverable is due by 7 pm Sunday evening.

I have set up a phone call for tomorrow/Saturday at 10 am.
While the entity remains very interested in 2 different MassPort parcels (A2, D2), we
have also been asked to follow up on 2 hypotheticals described below.
For each, the entity would be looking at what the incentive option package could be
from the state/city.
We need to think about how to apply the tools that we have.
We should assume the same parameters in terms of

--total square feet (250,000 300,000),
--lease of at least 20 years, 150 parking spaces on-site, and
--300 spaces nearby.
1. Existing Office Building

a. MassPort gains control of the building (purchase, lease?) and entity is
lessee
b. Building remains in private control and entity is lessee
c. Entity owns building
2. Other sites: Do we know the status of parcels N or P in the Seaport? If it were

possible to gain control, then:
a. MassPort gains control of the site(purchase, lease, land swap?),
develops the building, and entity is lessee
b. Site remains in private control, building is developed privately, and
entity is lessee
c. Entity gains control of the site and builds building
d. Entity gains control of the site, MassPort builds building, and entity is
lessee
e. Other?
Sec Ash, Mike K can you please begin to frame what tools would work in each of the
alternatives?
I look forward to our discussion.

Thanks, in advance, for your good work!
Steve
From:
To:
Cc:
Subject:
Date:
Attachments:

Polito, Karyn (GOV); Lepore, Kristen (ANF); Ash, Jay (EOHED); Pollack, Stephanie (DOT); Tom Glynn;
Povich, Lon (GOV); Buckley, Timothy (GOV); Conroy, Jim (GOV); Conroy, Jim (GOV); Sullivan, Jennifer F. (ANF);
Morse, Elizabeth; Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Garrity, Rob (DOT)
Zarrella, Lily (GOV); Wehrs, Brianna (GOV)
Signed GE Headquarters Relocation Term Sheet
For our records.

From:
To:
Cc:
Subject:
Date:
Attachments:

Polito, Karyn (GOV); Lepore, Kristen (ANF); Ash, Jay (EOHED); Pollack, Stephanie (DOT); Tom Glynn;
Povich, Lon (GOV); Buckley, Timothy (GOV); Conroy, Jim (GOV); Conroy, Jim (GOV); Sullivan, Jennifer F. (ANF);
Morse, Elizabeth; Kennealy, Michael (EOHED); Frazier, Ricks (EOHED); Garrity, Rob (DOT)
Zarrella, Lily (GOV); Wehrs, Brianna (GOV)
Signed GE Headquarters Relocation Term Sheet
For our records.

From:
To:
Subject:
Date:
Saia, Susan (EOHED)

Ash, Jay (EOHED)
Telephone call with GE"s lead team member Ann Klee
Thursday, June 18, 2015 9:53:52 AM
Jay,
You received a call from Ann Klee, she is the team leader for GE. She would like to speak with
you regarding GEs potential move. She may be reached at the following numbers: 203-3733198 (office) or
(cell).
From:
To:
Cc:
Subject:
Date:
Distefano, Maria (MOBD)

(EOHED)
Top 50 public schools Boston Mag
Thursday, July 30, 2015 4:28:32 PM
All, this is a link to the 2014 sortable list of Boston Magazine top 50 public schools
http://www.bostonmagazine.com/best-public-schools-boston-2014-chart/
Thanks again for including me today,
Maria
Sent from my Verizon Wireless 4G LTE smartphone. Please excuse brevity and typos

Date: 07/30/2015 7:57 AM (GMT-05:00)
To: "Kirk, Carolyn (EOHED)" <carolyn.kirk@MassMail.State.MA.US>
Cc: "Ash, Jay (EOHED)" <jay.ash@MassMail.State.MA.US>, "Nunnelly, Mark E (DOR)"
- Nam/Maria
- Mike
- Mark
slide number:
1-12 Jay
13-15 Mark
16 Carolyn
17-18 Mike
19-27 Jay
28-29 Mike
30-32 Carolyn
33-34 Jay
Mike

Sent from my iPhone

See you tomorrow.
Thanks,
Mike
Mike Kennealy
Boston, MA 02108
Office: 617-788-3640
Cell: 617-634-4762

Date: 07/21/2015 3:05 PM (GMT-05:00)
Jay,
is
.
Thank you,
Karen

Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828

Jay,



Karen
Karen Kulish
O: 203 373-2575
C:

Fairfield, CT 06828
<Klee Bio.docx>

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From:

Frazier, Ricks (EOHED)

Kadish, Steven (GOV)

We have appreciated the discussions with you and your team.

Very best wishes and Happy New Year!

Steven Kadish and Daniel Koh

Boston has the complete package the hub of

Infrastructure for Supporting the Startup

Starthub Boston offers a one-stop resource guide to events, jobs,

Boston, Cambridge are ground zero

MARCH 16, 2015: BOSTON-CAMBRIDGE is ground zero

innovation, the Boston area is one of the worlds most

A new Kendall Square envisioned in

six new buildings on what is now a string of parking lots

Vassar and Main: The World's Most Innovative Intersection

the most innovative and productive crossroads in history, the intersection of

Boston-area academic medical centers are driving

Beth Israel Deaconess Medical Center

Bostons academic, professional medical enterprise

#1. Massachusetts General

The world (and the workforce) is experiencing a

Changed Talent Demands Supply:

Likewise, millennials have made their impact

Boston is the third most popular U.S. destination for

Boston University (7,860)

Havard University (5,749)

UMass Amerst (2,352)

Massachusetts has been a national leader in

Boston is an international city that is a great place

U.S. News & World Report 2015: Ten Massachusetts

Massachusetts has over 114 Colleges and

Boston is the center of STEM education: Both the

MA is #1 nationally in STEM graduate and professional degrees granted per capita

MA is #4 nationally in number of Science graduate and professional degrees granted

MA is #5 nationally in number of Engineering graduate and professional degrees granted

Many of the world's most leading-edge companies have

MARCH 18, 2013: Announced plans to

MARCH 2, 2015: Announced the

JANURY 7,2015: Manufacturer of nextgeneration carbon nanotubes, announced the

FEBRUARY, 4, 2014: Opened its new 1.1 million square foot

Massachusetts is THE DESTINATION of the world's most

JANUARY 16, 2015: Announced the expansion of their existing location

SEPTEMBER 23, 2015: Announced plans create a new operation to

DECEMBER 18, 2015: Announced a $300

GOV EConnecticut Mail

Jay Ash; Steven Kadish

Monday, June 01, 2015 9:58:23 PM

There's an article in Hartford Courant about

GE, Aetna, Travelers Issue

Sign up today and save up to 83% on a Ha

Sent from my iPhone

Kadish, Steven (GOV)

From: Sullivan, Jennifer F. (ANF)

On Dec 7, 2015, at 8:27 PM, Kadish, Steven (GOV) <steven.kadish@MassMail.State.MA.US> wrote:

Can I call you tonight?

And all to be reviewed by City too - Jay calling Barros to

On Dec 7, 2015, at 5:46 PM, Kennealy, Michael (EOHED)

Jennifer is doing a first draft of the 1

Any questions let me know.

<Updated - Examples of MassWorks

Kadish, Steven (GOV)

Brackett Denison's cell number is

Povich, Lon (GOV)

Kennealy, Michael (EOHED)