GE to open new global operations center

General Electric (GE +0.4%) will open its new U.S. global operations center in Cincinnati. The company estimates the facility to be fully operational by 2017.

The new center will create 1,400 new professional positions, and ultimately employ up to 2,000 people.

Reports have suggested that GE will receive tax credits, property tax abatements and other incentives for the newly located facility.

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Comments (9)
  • Drew Robertson
    , contributor
    Comments (373) | Send Message
    Who's from Finneytown?
    24 Jun 2014, 10:27 AM Reply Like
  • The Average Investor
    , contributor
    Comments (102) | Send Message
    How does this reduce GE's overhead? Is this a one-to-one employee swap for HQ in CT? Immelt must go.
    24 Jun 2014, 10:33 AM Reply Like
  • Felix Lumpe
    , contributor
    Comments (773) | Send Message
    This sounds like a good place to put Immelt. The day he announces that he's leaving, GE stock will shoot up by 10%.
    24 Jun 2014, 10:57 AM Reply Like
  • dbchambers
    , contributor
    Comments (422) | Send Message
    Immelt is a Cincy native ..
    24 Jun 2014, 11:36 AM Reply Like
  • Ralph208
    , contributor
    Comments (67) | Send Message
    It's a wonder it's not in France
    24 Jun 2014, 11:34 AM Reply Like
  • gpag0nz
    , contributor
    Comments (5) | Send Message
    What happens to the Mayan temple in Fairfield?
    24 Jun 2014, 12:38 PM Reply Like
  • k7
    , contributor
    Comments (6) | Send Message
    Very few if any new jobs. It's a consolidation of ops from all over the US i.e. NY, FL mainly.
    24 Jun 2014, 12:38 PM Reply Like
  • arab45
    , contributor
    Comments (27) | Send Message
    Has the GE Board fallen asleep? Immelt continues his spending spree after filling the pockets of the French.....he needs to be terminated.
    24 Jun 2014, 12:38 PM Reply Like
  • Hubb
    , contributor
    Comments (22) | Send Message
    GE needs to do a better job of communicating to us stockholders. The real scoop is that this is a consolidation of back office overhead and will, if executed well, meaningfully reduce jobs. This is part of a GE cost reduction strategy and is really bolder than what we usually see from our head hustler, Jeff Immelt. This is more typical of Jack Welch, except it is in Cincinnati rather than some third world back water. (No, I am not inviting any snide remarks ... lived quite a while in Cincy, a very nice place.) Long GE.
    24 Jun 2014, 01:42 PM Reply Like
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