GE invests $20M in Van Buren Township, creates 130 jobs

Thursday, August 19, 2010 | Source: metromode
A major international corporation is making a major investment in Metro Detroit now that General Electric is dropping $20 million into its Van Buren Township office.

The 118-year-old company originally founded by Thomas Edison is setting up a proprietary development and manufacturing process center that should create 130 jobs over the next decade. GE Aviation will use the center to create commercial and military jet engine applications. It will also work with at least one local university to help further development of these applications.

To help make this deal possible (GE was also considering making this investment at several of its other locations around the world) the Michigan Economic Development Corp agreed to give the multi-national corporation a $2.3 million tax credit over 10 years. Van Buren Township is also considering granting a tax abatement.

GE already employs 533 other people at the site and expects to add more.

Source: Michigan Economic Development Corp and General Electric
Writer: Jon Zemke
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Aviation, Government, Investment, Manufacturing, Wayne County 

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