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AFTER HEARING OFFERS, NEW BALANCE DECIDES TO STAY IN BOSTON
Published June 18, 1998
MA-based New Balance is scheduled to announce today that it has decided to remain in Boston and relocate its headquarters and local manufacturing to a redeveloped site in Brighton, according to Jennifer Babson of the BOSTON GLOBE. New Balance said last year it had outgrown its headquarters near the Allston-Brighton line and was "courted by cities and towns throughout New England and as far away as North Carolina." As part of the new arrangement, sources said that New Balance will "likely" obtain some form of city and state tax relief (Jennifer Babson, BOSTON GLOBE, 6/18).