State approves tax breaks to 16 companies

Submitted by Sondra Peskoe on Wed, 06/29/2011 - 12:00am

$44 million in tax breaks to businesses...included in this is ~$317 thousand to Bank of New York Mellon Corp, the organization that Treasurer Steve Grossman says overcharged the MA state pension funds $30.5 million since 2000.  Are the different departments communicating within the Administration?

A state economic development board today approved state and local tax breaks for 16 firms that promised to add or retain jobs in Massachusetts. [Full Article: Boston Globe]

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