EDITORIAL: Fidelity to vacate Marlborough office by end of 2012

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EDITORIAL: Fidelity to vacate Marlborough office by end of 2012Marlborough and state officials were stunned March 15 by the news that Fidelity Investments would be closing its Marlborough offices over the next 18 months. Representatives of the company said they will be relocating many of the 1,100 employees currently at that site to facilities in Smithfield, RI, or Merrimack, NH. The news is particularly irksome to state officials because, since 1996, Fidelity has benefited from a tax break that was granted to mutual fund companies that agreed to create jobs over a five-year period.

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