Business and Economics

UPDATE: Details of GE Aviation Plant Released

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March 26, 2014 — GE Aviation has announced it will build a jet engine assembly plant in Lafayette. Indiana Public Media Reporter Kristin Malavenda shares the details of today’s press conference.

 

 

GE Aviation this morning announced plans to break ground  on a $100 million jet engine assembly facility in Lafayette sometime this year.

President and CEO David Joyce says Lafayette was chosen following a very competitive selection process.

“We evaluate the community. We evaluate what you think of GE and the value of one our jobs. And we evaluate our ability to grow,” says Joyce. “These decisions are 20 to 40 year decisions and we don’t take them lightly.”

The Indiana Economic Development Corporation is offering more than $3 million in conditional tax credits and another $332,000 in training grants based on the company’s plans to create 200 jobs at the plant. Additional technical support and tax breaks could come from the city of Lafayette and Tippecanoe County.

The positions are expected to pay an average wage of $36 an hour.

This will be GE’s first final assembly plant in Indiana.

Governor Mike Pence joined company officials along with state and local leaders at the Purdue Airport for the announcement. He says the company’s decision to come to Indiana is a vote of confidence in the state’s workforce.

“For decades our industries and our academic institutions have been developing the big ideas – the new technologies. And Hoosiers have been bringing those big ideas to life and delivering them all across the world, and that’s going to be true with GE Aviation,” says Pence.

The facility will produce the new LEAP engine, which is currently in the testing phase but already has more than 6,000 orders from airlines worldwide.

GE will begin hiring at the Lafayette facility once the engine enters the production phase, possibly as early as 2015.

 

 

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