Relocation of General Electric’s corporate headquarters to Boston will create $776 million in new residential real estate demand, according to an economic analysis released by the industrial conglomerate.

Dozens of GE executives were scheduled to meet with the media at a late afternoon press conference today in Boston, while community activists geared up to protest a $145 million incentive package offered to GE by Gov. Charlie Baker and Boston Mayor Martin Walsh.

GE, which had over $117 billion in revenue last year, announced in January that it will relocate its corporate headquarters from Fairfield, Connecticut to Boston to tap into the region’s surging high-tech cluster.

The move has been hailed by economic development officials as a slam-dunk for Boston, raising the city’s profile as a hub of innovation to new heights.

But critics have argued that the public incentive package is excessive and that GE might have moved to Boston with a less generous financial agreement.

GE CEO Jeffrey Immelt told local business leaders last month that the public incentives would be repaid “one thousandfold” by the company’s future economic impact. According to a study by Oxford Analytic released Monday, GE would create 4,000 new jobs in Greater Boston including construction jobs, full-time employees and vendors, $776 million in new real estate demand, $260 million in salaried and indirect income and $28 million for local vendors.

Approximately 200 corporate executives will relocate to Boston. The new headquarters also will employ 600 product managers, designers and developers in the company’s GE digital, current, robotics and life sciences divisions.

GE will occupy four floors of an office building at 33-41 Farnsworth St. beginning in June and move into a permanent headquarters on Necco Way in 2018. The complex will include two former warehouses owned by Procter & Gamble and a new building.

A full copy of the real estate analysis was not immediately available.

General Electric also will commit $50 million to the Boston area over the next five years to support various initiatives including tech education and training, the company announced today.

Through its GE Foundation arm, the company said it will invest:

• $25 million in Boston Public Schools including the development of GE Brilliant Career Labs, giving students experience in advanced manufacturing and software.
• $10 million to help build a diverse workforce population in STEM and health care fields including “externships” for residents of Lynn and Fall River.
• $15 million to expand capacity at 22 Boston-area community health centers and specialty care training.
• $1 million annually in charitable contributions and volunteer efforts.