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In Aetna Loss, State Faces Challenge To Remake Its Cities

In Aetna Loss, State Faces Challenge To Remake Its Cities

With Aetna Inc. looking to move its headquarters from Hartford, on the heels of General Electric Co.'s shift to Boston, Connecticut's economic development strategy may now turn inward, boosting its cities to attract high-tech workers and fixing state government's crisis-prone budgeting.

Aetna announced Wednesday it's negotiating with several states to relocate its headquarters, a fixture in Hartford since 1853. The health insurer said its goal is to broaden access to innovation and talent for jobs in the knowledge economy, the business of technology, science and digital data.

Its statement echoed GE Chief Executive Jeff Immelt's announcement in January 2016 that the...

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