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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: General Electric
Ownership Structure: publicly traded (ticker symbol NYSE: GE)
Headquartered in: Massachusetts
Major Industry: diversified
Specific Industry: diversified
Subsidy Summary | Subsidy Value | Number of Awards |
State/Local | $662,133,380 | 342 |
Federal (grants and allocated tax credits) | $988,327,326 | 223 |
TOTAL | $1,650,460,706 | 565 |
Loan / Bailout Summary | Total Face Value | Number of Awards |
State/Local loans, bond financing and venture capital | $17,000,000 | 3 |
Federal loans, loan guarantees and bailout assistance (not including repayments) | $29,649,881,614 | 319 |
TOTAL | $29,666,881,614 | 322 |
Time Period for Federal Awards: FY2000 to the present
Notes: The dollar total above adjusts for the fact that there is an overlap between the amount in the Megadeal entry and that of one or more of the other entries. Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
Ohio | $245,429,889 | 20 |
Massachusetts | $145,000,000 | 1 |
Michigan | $90,039,000 | 13 |
North Carolina | $59,591,633 | 45 |
Maine | $20,524,420 | 42 |
All other | $101,548,438 | 221 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
Company | Location | Subsidy Source ![sort descending sort icon](https://violationtrackeruk.goodjobsfirst.org/resource//arrow-desc.png) | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
GE R&D 2003 | New York | local | 2013 | $148,995 | | tax credit/rebate; property tax abatement |
General Electric Company | Tennessee | local | 2014 | undisclosed | | property tax abatement |
General Electric Company | Tennessee | local | 2014 | undisclosed | | property tax abatement |
GE Rotterdam | New York | local | 2014 | $129,780 | | tax credit/rebate |
GE Aviation/GL II Assoc. | New York | local | 2014 | $123,547 | | tax credit/rebate |
GE R&D 2003 | New York | local | 2014 | $49,329 | | tax credit/rebate |
GE R&D 2005 | New York | local | 2014 | $46,681 | | tax credit/rebate |
GE Energy Learning Center | New York | local | 2014 | $28,323 | | tax credit/rebate |
General Electric | Florida | local | 2015 | $6,600,000 | | grant |
General Electric | Florida | local | 2015 | $3,000,000 | | grant |
General Electric Company | North Carolina | local | 2013 | $615,000 | | grant |
General Electric Company | North Carolina | local | 2013 | $585,000 | | grant |
General Electric | Florida | local | 2015 | $500,000 | | grant |
General Electric | Oklahoma | local | 2014 | $1,750,000 | | grant |
GE Energy Learning Center | New York | local | 2015 | $27,062 | | tax credit/rebate |
GE R&D 2005 | New York | local | 2015 | $27,204 | | tax credit/rebate |
GE Aviation/GL II Assoc. | New York | local | 2015 | $110,240 | | tax credit/rebate |
GE Rotterdam | New York | local | 2015 | $423,228 | | tax credit/rebate |
General Electric Company | Tennessee | local | 2016 | undisclosed | | property tax abatement |
General Electric Company | Tennessee | local | 2016 | undisclosed | | property tax abatement |
GE Rotterdam | New York | local | 2016 | $381,194 | | tax credit/rebate |
GE Aviation/GL II Assoc. | New York | local | 2016 | $93,040 | | tax credit/rebate |
GE Energy Learning Center | New York | local | 2016 | $26,412 | | tax credit/rebate |
GE R&D 2005 | New York | local | 2016 | $7,034 | | tax credit/rebate |
GE Rotterdam | New York | local | 2017 | $405,341 | | tax credit/rebate |
GE Aviation/GL II Assoc. | New York | local | 2017 | $74,599 | | tax credit/rebate |
General Electric Company | New York | Local | 2018 | $151,889 | | tax credit/rebate |
GE Aviation/GL | New York | Local | 2018 | $55,854 | | tax credit/rebate |
GE Rotterdam | New York | local | 2019 | $375,212 | | tax credit/rebate |
GE Aviation/GL II Assoc. | New York | local | 2019 | $37,541 | | tax credit/rebate |
GE Aviation/GL II Assoc. | New York | local | 2020 | $19,161 | | tax credit/rebate |
GE Rotterdam | New York | local | 2020 | $355,166 | | tax credit/rebate |
GE Rotterdam | New York | local | 2021 | $291,183 | | tax credit/rebate |
GE Manufacturing Solutions, LLC | Texas | local | 2013 | undisclosed | | grant |
GE Engine Services - McAllen, LP | Texas | local | 2019 | undisclosed | | grant |
GE Nuclear | North Carolina | local | 2023 | $50,000 | | grant |
GE Rotterdam | New York | local | 2022 | $383,590 | | tax credit/rebate |
General Electric | Ohio | multiple | 2009 | $121,000,000 | | MEGADEAL ![Megadeal is the designation we give to our list of subsidy awards worth at least $100 million going back as far as the late 1970s (in January 2024, we increased the threshold from $50 million to $100 million). Many of them are packages involving multiple state and local subsidies. We created the list to fill gaps in the official disclosure data that make up the bulk of the content in Subsidy Tracker. Megadeal entries thus rely on a wide variety of information sources. In some cases these entries overlap entries from specific subsidy programs. In those instances the dollar totals on the Parent Summary Pages and the State Summary Pages are adjusted to avoid double-counting.](https://subsidytracker.goodjobsfirst.org/resources/images/qmark.gif) |
General Electric | Ohio | multiple | 2014 | $98,000,000 | | MEGADEAL (Archived) ![Megadeal (Archived) is a designation we give to megadeals of less than $100 million. In January 2024, we stopped updating and collecting megadeals with the total value less than $100 million; existing megadeals of less than this amount have been archived as Megadeal (Archived). Many of them are packages involving multiple state and local subsidies. We created the list to fill gaps in the official disclosure data that make up the bulk of the content in Subsidy Tracker. Megadeal entries thus rely on a wide variety of information sources. In some cases these entries overlap entries from specific subsidy programs. In those instances the dollar totals on the Parent Summary Pages and the State Summary Pages are adjusted to avoid double-counting.](https://subsidytracker.goodjobsfirst.org/resources/images/qmark.gif) |
General Electric | Massachusetts | multiple | 2016 | $145,000,000 | | MEGADEAL ![Megadeal is the designation we give to our list of subsidy awards worth at least $100 million going back as far as the late 1970s (in January 2024, we increased the threshold from $50 million to $100 million). Many of them are packages involving multiple state and local subsidies. We created the list to fill gaps in the official disclosure data that make up the bulk of the content in Subsidy Tracker. Megadeal entries thus rely on a wide variety of information sources. In some cases these entries overlap entries from specific subsidy programs. In those instances the dollar totals on the Parent Summary Pages and the State Summary Pages are adjusted to avoid double-counting.](https://subsidytracker.goodjobsfirst.org/resources/images/qmark.gif) |
B J Services Company, U.S.A. | Kentucky | state | 2006 | $850,000 | | tax credit/rebate |
Hydril Company | Louisiana | state | 2008 | $577,930 | | property tax abatement |
General Electric Company | Louisiana | state | 2008 | $178,356 | | property tax abatement |
Hydril Company | Louisiana | state | 2008 | $98,278 | | property tax abatement |
BJ Services Company, USA | Louisiana | state | 2008 | $31,241 | | property tax abatement |
General Electric Company | Louisiana | state | 2009 | $195,515 | | property tax abatement |
BJ Services Company, USA | Louisiana | state | 2009 | $6,934 | | property tax abatement |
General Electric Company | Louisiana | state | 2010 | $104,474 | | property tax abatement |
GE Energy Oilfield Technology | Louisiana | state | 2010 | $20,258 | | property tax abatement |
GE Energy Oilfield Technology | Louisiana | state | 2010 | $7,217 | | property tax abatement |
GENERAL ELECTRIC COMPANY | Maine | state | 2010 | $795,099 | | property tax abatement |
GENERAL ELECTRIC CREDIT CORP OF TN | Maine | state | 2010 | $54,165 | | property tax abatement |
GE COMMERCIAL EQUIPMENT HOLDING LLC | Maine | state | 2010 | $28,897 | | property tax abatement |
General Electric Company | Michigan | state | 2010 | $480,000 | | property tax abatement |
Johnson Technology Inc. | Michigan | state | 2010 | $1,450,000 | | tax credit/rebate |
General Electric Company | Michigan | state | 2010 | $580,000 | | tax credit/rebate |
General Electric Company | Michigan | state | 2009 | $73,934,000 | | tax credit/rebate |
Johnson Technology Inc. | Michigan | state | 2009 | $2,097,000 | | tax credit/rebate |
General Electric Company | Michigan | state | 2010 | $2,341,000 | | tax credit/rebate |
Johnson Technology Inc. | Michigan | state | 2010 | $2,185,000 | | tax credit/rebate |
Johnson Technology Inc. | Michigan | state | 2010 | $202,000 | | tax credit/rebate |
General Electric Company | Michigan | state | 2010 | $74,000 | | tax credit/rebate |
Johnson Technology Inc. | Michigan | state | 2010 | $2,820,000 | | tax credit/rebate |
General Electric Company | Michigan | state | 2010 | $810,000 | | tax credit/rebate |
ECOLOCHEM, INC. | Missouri | state | 2001 | $61,514 | | tax credit/rebate |
GE ENGINE SERVICES (GE TRANSPORTATION) | Missouri | state | 2008 | $48,219 | | tax credit/rebate |
GE ENGINE SERVICES (GE TRANSPORTATION) | Missouri | state | 2009 | $500,000 | | training reimbursement |
General Electric Company | North Carolina | state | 2003 | $7,533,327 | | grant |
General Electric Company | North Carolina | state | 2005 | $4,124,000 | | grant |
GE-Hitachi Nuclear Energy Americas LLC | North Carolina | state | 2008 | $34,277,000 | | grant |
Smiths Aerospace | North Carolina | state | | $2,384,000 | | grant |
Smiths Aerospace Components, Inc. | North Carolina | state | 2008 | $77,412 | | tax credit/rebate |
Smiths Aerospace Components, Inc. | North Carolina | state | 2009 | $34,483 | | tax credit/rebate |
General Electric | New Hampshire | state | 2011 | $100,000 | | training reimbursement |
GE MDS, LLC | New York | state | 2007 | $169,078 | | enterprise zone |
GENERAL ELECTRIC | Ohio | state | 2006 | undisclosed | | enterprise zone |
General Electric Company | Ohio | state | 2009 | $115,335,000 | | tax credit/rebate |
General Electric Company d/b/a GE Transportation | Pennsylvania | state | | $500,000 | | training reimbursement |
GE Infrastructure Rail | Pennsylvania | state | | $249,880 | | training reimbursement |
General Electric Company d/b/a GE Transportation | Pennsylvania | state | | $1,000,000 | | grant |
General Electric Company | Pennsylvania | state | 2008 | $1,451,925 | | tax credit/rebate |
General Electric Company | Pennsylvania | state | 2009 | $1,363,045 | | tax credit/rebate |
General Electric Company | Pennsylvania | state | 2010 | $363,475 | | tax credit/rebate |
BJ Services Co USA | Texas | state | 2000 | undisclosed | | property tax abatement |
BJ Services Co USA | Texas | state | 2001 | undisclosed | | property tax abatement |
Ecolochem Inc | Texas | state | 2001 | undisclosed | | property tax abatement |
BJ Services Co USA | Texas | state | 2002 | undisclosed | | property tax abatement |
Ecolochem Inc | Texas | state | 2002 | undisclosed | | property tax abatement |
BJ Services Co USA | Texas | state | 2003 | undisclosed | | property tax abatement |
Ecolochem Inc | Texas | state | 2003 | undisclosed | | property tax abatement |
BJ Services Co USA | Texas | state | 2004 | undisclosed | | property tax abatement |
Ecolochem Inc | Texas | state | 2004 | undisclosed | | property tax abatement |
Ecolochem Inc | Texas | state | 2005 | undisclosed | | property tax abatement |
IDX Systems Corporation and Subsidiaries | Vermont | state | 1998 | $7,587,670 | | tax credit/rebate; property tax abatement |
IDX Systems Corporation and Subsidiaries | Vermont | state | 2004 | $3,759,522 | | tax credit/rebate; property tax abatement |
GE AVIATION SYSTEMS LLC | Washington | state | 2005 | undisclosed | | tax credit/rebate |
GE AVIATION SYSTEMS LLC | Washington | state | 2006 | undisclosed | | tax credit/rebate |
GE AVIATION SYSTEMS LLC | Washington | state | 2007 | undisclosed | | tax credit/rebate |
GE AVIATION SYSTEMS LLC | Washington | state | 2008 | undisclosed | | tax credit/rebate |
GE AVIATION SYSTEMS LLC | Washington | state | 2009 | undisclosed | | tax credit/rebate |
NAVERUS INC | Washington | state | 2007 | undisclosed | | tax credit/rebate |