Aetna Moving To NYC? Not So Fast

Aetna Moving To NYC? Not So Fast

NY officials have withdrawn a $9.6 million incentive package offered to Aetna move its corporate headquarters from Hartford to Manhattan.

Aetna's announcement June 29 that it would move to NY was a blow to Hartford and CT.

CVS confirmed to Channel 3 that the company has "no plans to relocate Aetna's operations from Hartford".

But after the deal was struck, CVS said in regulatory filings that all locations were under review, putting in doubt Aetna's proposed $85 million Manhattan headquarters. In a statement Wednesday night, the company said it didn't have anything else to add to that.

When he asked who wants to relocate to New York City, "everybody's hand went up", he said.

We were in Hartford yesterday and met with the Mayor.

CVS has said that Aetna will be operated as a "stand-alone" business.

New York City economic development officials said they were rescinding a previous offer of some $9.6 million in tax breaks.

Aetna appears to be staying in Hartford, according to the Hartford Courant.

Carolyn Castel, who is the vice president for corporate communications for CVS Health, said CVS officials met with the mayor of Hartford on Thursday and they chose to not move Aetna's operations from Connecticut's capital city.

The administration of New York Mayor Bill de Blasio recently canceled an incentive package to Aetna, throwing sand into the gears of any possible move. It has a workforce of nearly 50,000 and employs about 6,000 people in CT.



Latest news

Disaster alert from stricken oil tanker in East China Sea
Chinese media has shared footage of oil tanker Sanchi puffing black clouds of smoke as rescue boats try to douse the flames. Operated by Iran's National Iranian Tanker Company (NITC), the vessel was taking light crude oil condensate to South Korea.

'Temperatures are forecast to fall rapidly': Icy conditions prompt special weather statement
Spring-like temperatures in Newfoundland Friday, while temperatures take rapid plunge across Labrador. Surfaces such as highways, roads, walkways and parking lots will become icy, slippery and hazardous.

With IVF, Are Fresh or Frozen Embryos Better?
It was her frozen embryos that gifted her two daughters, Melissa, now 20 years old, and Ashley, 17. Vuong, MD, PhD, of the University of Medicine and Pharmacy at Ho Chi Minh City, and colleagues.

'Teen Titans Go! to the Movies' Trailer Takes on DC Universe
It seems that with each passing year, the Heroic Age of Hollywood continues to prosper through numerous mediums. USA Today revealed that the plot of Teen Titans GO! "They're amusing , irreverent and delightful to watch".

Floyd Mayweather pleads ignorance to #MeToo movement
In case you missed it, Mayweather broke the billion-dollar mark after his 2017 fight with UFC star Conor McGregor . Ahead of his bout with McGregor, Mayweather gave a wide-ranging interview to Hollywood Unlocked .

Other news