Finance

AFTER HEARING OFFERS, NEW BALANCE DECIDES TO STAY IN BOSTON

6.18.1998

          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).

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