© 2025 New England Public Media

FCC public inspection files:
WGBYWFCRWNNZWNNUWNNZ-FMWNNI

For assistance accessing our public files, please contact hello@nepm.org or call 413-781-2801.
PBS, NPR and local perspective for western Mass.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

New York City Cancels Financial Incentives For Aetna Headquarters Move

The planned new building in lower Manhattan that Aetna selected for its headquarters move
Vornado Realty Trust
The planned new building in lower Manhattan that Aetna selected for its headquarters move

Health insurer Aetna still won’t say if its headquarters move to New York City is off. The city Thursday announced it was canceling its offer of financial incentives. 

New York City economic development officials said they were rescinding a previous offer of some $9.6 million in tax breaks. That had been part of a $35 million package offered jointly by the city and the state of New York.

Aetna has inked a lease to occupy a new building in lower Manhattan, committing to move 250 headquarters workers to the site from Hartford.

But that plan was cast into doubt as the insurer reached a merger agreement with Rhode Island-based pharmacy chain CVS.

New York officials seem to think Aetna’s changed its mind, saying the incentive package was withdrawn because the relocation is not moving forward.

But so far, Aetna has refused to confirm whether it’s still committed to the New York move, and the city’s announcement didn’t change that stance. Aetna told WNPR in an email, “all Aetna locations will be evaluated as part of the integration planning process.”

Copyright 2018 Connecticut Public Radio

Harriet Jones is Managing Editor for Connecticut Public Radio, overseeing the coverage of daily stories from our busy newsroom.
Related Content