Subsidy Tracker Parent Company Summary
Parent Company Name:
General Electric
Ownership Structure:
publicly traded (ticker symbol GE)
Headquartered in:
Massachusetts
Major Industry:
diversified
Specific Industry:
diversified
| Subsidy Summary | Subsidy Value | Number of Awards |
|---|---|---|
| State/Local | $737,458,825 | 507 |
| Federal (grants and allocated tax credits) | $1,366,034,736 | 1,014 |
| TOTAL | $2,103,493,561 | 1,521 |
| 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) | $160,900,304,376 | 328 |
| TOTAL | $160,917,304,376 | 331 |
Time Period for State and Local Awards:
Earliest year of data: 1992. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2011.
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.
Associated Names:
ALSTOM GRID; ALSTOM POWER; BAKER HUGHES; BAKER HUGHES OILFIELD OPERATIONS DBA DRILLING SVC; BAKER OIL TOOLS; BAKER OILFIELD OPERATIONS; BAKER PETROLITE; BJ SVC USA; DATEX OHMEDA; DRESSER; DRESSER GE; ECOLOCHEM; EVEREST VIT; GE AVIATION; GE AVIATION MUSKEGON; GE BETZ; GE CAPITAL; GE EQUIP MIDTICKET LLC 2013 1; GE EQUIPMENT MIDTICKET LLC SER 2012; GE HEALTHCARE; GE Healthcare Bio-Sciences Corp.; GE HITACHI NUCLEAR ENERGY; GE OIL AND GAS; GE OIL AND GAS COMPRESSION; GE OIL AND GASS ESP; GE PACKAGED [...]
Links:
For a summary of this company's regulatory violations see its Violation Tracker summary page here.
For more details on misconduct by this company, see its entry in the Project On Government Oversight's Federal Contractor Misconduct Database.
For a summary of this company's federal contracts, see its page on Fedspending.
For an overview of political contributions associated with this company, see its Follow the Money page.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| Ohio | $234,543,561 | 30 |
| Massachusetts | $148,150,000 | 2 |
| Michigan | $90,039,000 | 13 |
| North Carolina | $59,132,126 | 37 |
| Louisiana | $49,095,801 | 78 |
| All other | $156,498,337 | 347 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| General Electric Co. | Tennessee | local | 2011 | undisclosed | property tax abatement | |
| GE Aviation | Mississippi | state | 2010 | undisclosed | tax credit/rebate | |
| General Electric Company | West Virginia | state | 2007 | undisclosed | tax credit/rebate | |
| General Electric Company | West Virginia | state | 2007 | undisclosed | tax credit/rebate | |
| GE HITACHI NUCLEAR ENERGY AMERICAS LLC | California | local | 2012 | undisclosed | tax credit/rebate | |
| GE Capital Financial Service Corporation et al. | Ohio | state | 1996 | undisclosed | tax credit/rebate | |
| GE Capital Financial Service Corporation | Ohio | state | 1999 | undisclosed | tax credit/rebate | |
| LUFKIN INDUSTRIES, LLC | Texas | state | 2008 | undisclosed | enterprise zone | |
| LUFKIN INDUSTRIES, LLC | Texas | state | 2009 | undisclosed | enterprise zone | |
| LUFKIN INDUSTRIES, LLC | Texas | state | 2009 | undisclosed | enterprise zone | |
| LUFKIN INDUSTRIES, LLC | Texas | state | 2008 | undisclosed | enterprise zone | |
| BJ SERVICES COMPANY, U.S.A. | Texas | state | 2005 | undisclosed | enterprise zone | |
| BJ SERVICES COMPANY, U.S.A. | Texas | state | 2006 | undisclosed | enterprise zone | |
| General Electric Company | Tennessee | local | 2014 | undisclosed | property tax abatement | |
| General Electric Company | Tennessee | local | 2014 | undisclosed | property tax abatement | |
| Alstom Power, Inc. & Alstom Power Turbo | Tennessee | local | 2014 | undisclosed | property tax abatement | |
| Alstom Power, Inc. & Alstom Power Turbo | Tennessee | local | 2014 | undisclosed | property tax abatement | |
| Alstom Power, Inc. & Alstom Power Turbo | Tennessee | local | 2014 | undisclosed | property tax abatement | |
| GE AVIATION SYSTEMS LLC | Washington | state | 2010 | undisclosed | tax credit/rebate | |
| GE AVIATION SYSTEMS LLC | Washington | state | 2011 | undisclosed | tax credit/rebate | |
| GE AVIATION SYSTEMS LLC | Washington | state | 2012 | undisclosed | tax credit/rebate | |
| GE AVIATION SYSTEMS LLC | Washington | state | 2013 | undisclosed | tax credit/rebate | |
| GE Gas Turbines (Greenville) LLC | South Carolina | state | 2015 | undisclosed | tax credit/rebate | |
| Baker Hughes Oilfield Operations, Inc. | Texas | local | 2011 | undisclosed | property tax abatement | |
| General Electric Company | Tennessee | local | 2016 | undisclosed | property tax abatement | |
| General Electric Company | Tennessee | local | 2016 | undisclosed | property tax abatement | |
| General Electric Company | West Virginia | state | 2010 | undisclosed | tax credit/rebate | |
| General Electric Company of VA | West Virginia | state | 2010 | undisclosed | tax credit/rebate | |
| General Electric Company | West Virginia | state | 2010 | undisclosed | tax credit/rebate | |
| Alstom Power, Inc. | Connecticut | state | 2015 | undisclosed | Enterprise Zone |
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