Insurance giant MassMutual has announced a major expansion in Massachusetts.
The company announced a consolidation plan Thursday that it said will result in 2,000 jobs coming to Massachusetts, including 1,500 at the corporate headquarters in Springfield.
A new office will be built in Boston that will employ 500 people.
MassMutual spokesman James Lacey said the workforce growth in Massachusetts will occur over the next four years.
"In total, MassMutual will invest $300 million in the Commonwealth and increase our workforce by about 70 percent," Lacey said.
MassMutual is closing five offices around the country, including one in Enfield, Connecticut. Most of the jobs there will move to Springfield, according to Lacey.
Massachusetts Gov. Charlie Baker hinted at the news during a speech Thursday morning at the Greater Boston Chamber of Commerce breakfast and said later on Twitter: "We are proud @MassMutual has called the Commonwealth home for over 165 years and we look forward to what their investments in Western and Eastern Massachusetts will mean for Massachusetts, our economy and their employees."
U.S. Rep. Richard Neal ( D-MA), a former mayor of Springfield, called the announcement by MassMutual "terrific news for our community and state."
