Mass. Lawmakers Demand Answers As Fidelity Departs

By Sarah Birnbaum

Mar. 18, 2011

In this Nov. 6, 2008 file photo, a customer is silhouetted as he walks through Fidelity Investments in Boston.

BOSTON — Massachusetts lawmakers are demanding answers after Fidelity Investments announced this week that it's closing its Marlboro plant and moving its jobs out of state. 

Fidelity investments announced this week that it’s pulling  more than 1000 jobs out of Massachusetts and shipping them to Rhode Island and  New Hampshire. 
The move angered lawmakers like Sen. Mark  Montigny , who chairs the Senate oversight committee, since the Boston-based financial giant currently receives tax breaks from the Bay State.
Montigny is launching a special hearing to examine Fidelity's interactions with the state.
"I’m very concerned that fidelity and other companies  continue to receive tax breaks but are not held accountable for the job  numbers.  It’s our responsibility to make sure that we are  not exporting our tax dollars to companies that are taking our jobs out of  state,” Montigny said.
Fidelity is the second company this year to plan a  move out of Massachusetts. Evergreen Solar has also announced that  it will shut down its Devens plant and relocate to China, after receiving tens of millions of dollars in state aid.

The oversight hearing is scheduled for March 29.

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