LISTEN LIVE: Loading...



Fidelity, Evergreen Execs To Appear Before Panel

This article is more than 12 years old.

Officials from Fidelity Investments and Evergreen Solar will be grilled by a legislative committee as lawmakers put tax and other incentives offered by Massachusetts under the microscope.

Fidelity Investments has announced that it plans to close its Marlborough facility and move about 1,100 jobs to Rhode Island and New Hampshire over the next two years.

Evergreen announced in January that it would close a plant in Devens and lay off 800 workers.

Both companies have benefited from tax breaks or other state incentives. The Committee on Post Audit and Oversight Committee has scheduled a hearing Tuesday to examine how incentives are being used by companies and whether they contribute to economic growth and job creation.

Fidelity President Ron O'Hanley and Evergreen CEO Michael El-Hillow and are state economic officials are among scheduled witnesses.

This program aired on March 27, 2011. The audio for this program is not available.


Listen Live