FTA: “…GE Chairman & CEO Jeffrey Immelt. ‘This new state-of-the-art plant in Fort Worth, Texas will produce the world’s most advanced locomotives and transportation products, expand our service and repair capability, and create hundreds of new high-tech manufacturing jobs’…”
(as an aside) Texas is a ‘Right to Work’ State; is GE about to sail into the same stom as Boeing has in South Carolina?
Of course Jeffery Immelt is in tight with the Administration in D.C. Wonder if this announced plant will go the way of their previously announced move of manufacturing to a plant in Mass?
From GE Transportation website of May 12,2011; a similar announcement.
This should be an interesting watch for a few days(?)
Edit: (Title) Thanks!Murphy S. In this day and time the Government is in to so much stuff, so deep; It’s hard to tell who’s doing what to whom.[:-,] I guess I plead guilty, Sorry,'bout that mistake!
[[X-)]Can’t see out of one eye and the other is not muc
Well if my comment about Illinois was taken as a political statement I apologize. Was not meant to be, but rather looking at it from a jobs point of view as well as the industry I work in.
It was not your observation about the taxes in Illinois. That may very well have been a factor in their decision. It was the cheap shot at the Democrats.
Back on track; I suspect that the Illinois tax structure was not as big a factor as: “the Texas Enterprise Fund will provide up to $4·2m in incentives.”
EMD is planning on opening up a new facility in Muncie indiana. I’m glad to see demand going up for locomotives. Hopfully a good sign from our economey. [Y]
The interesting thing about this development is, that GE has vacant industrial property ALL OVER AMERICA. Yet they are enticed into a new location. What does THAT tell ya?
A $4.2 million incentive doesn’t hurt, but it sounds like peanuts against the cost of building a new locomotive plant. That’s a lot of money to me (ha!), but not much to the likes of the General Electric Co. There are much bigger factors in this decision.