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GENERAL ELECTRIC-CINCINNATI JOBS
General Electric's new global operations center to be at Cincinnati's Banks; 1,400 new jobs
Reported by: Associated Press
Reported: Monday, June 23, 2014 4:47 PM EDT
General Electric Co.'s new U.S. global operations center will be in Cincinnati, along the Ohio River.
In April, the Fairfield, Connecticut-based company announced plans for the center with 1,400 new jobs for Ohio. It had been deciding among possible Cincinnati-area locations. Officials describe the new jobs as well-paid, professional positions.
GE says the center should be fully operational by 2017, ultimately employing up to 2,000.
All terms weren't disclosed, but reports have indicated GE is receiving lucrative tax credits, property tax abatements and other incentives from state and local officials.
GE employs about 307,000 globally, with 15,000 in Ohio.