New York City cancels Aetna's $9.6M incentive to move HQs

Aetna will no longer receive a $9.6 million incentive package to move its headquarters from Hartford, Conn., to New York City, Crain's New York Business reports.

New York City Mayor Bill de Blasio's administration canceled the package because Aetna's relocation efforts are stagnant. What will happen to the space Aetna leased is unclear.

Speculation Aetna could discontinue its relocation to New York City arose after the health insurance giant agreed to be acquired by CVS Health in December 2017.

An Aetna spokesperson told Crain's all locations "will be evaluated during the integration planning process." The insurer would not confirm the canceled incentive package or its future headquarters plans.

Aetna declared its move to New York City in June 2017. The insurer anticipated 250 senior employees would transition from Hartford to New York City by late 2018. The project was expected to cost $84 million.

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