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 | $737,490,654 | 509 |
| Federal (grants and allocated tax credits) | $1,438,899,361 | 1,040 |
| TOTAL | $2,176,390,015 | 1,549 |
| 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 | $156,530,166 | 349 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location |
Subsidy Source |
Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| Alstom Power, Inc. | Tennessee | local | 2011 | undisclosed | property tax abatement | |
| Alstom Power, Inc. | Tennessee | local | 2011 | undisclosed | property tax abatement | |
| Alstom Power, Inc. | Tennessee | local | 2011 | undisclosed | property tax abatement | |
| Alstom Power, Inc. | Tennessee | local | 2011 | undisclosed | property tax abatement | |
| General Electric Co. | Tennessee | local | 2011 | undisclosed | property tax abatement | |
| General Electric Co. | Tennessee | local | 2011 | undisclosed | property tax abatement | |
| G E HealthCare | New York | local | 2010 | $1,537,596 | tax credit/rebate; property tax abatement | |
| GE Energy Learning Center | New York | local | 2010 | $34,431 | tax credit/rebate; property tax abatement | |
| GE R&D 2005 | New York | local | 2010 | $348,902 | tax credit/rebate; property tax abatement | |
| GE R&D 2003 | New York | local | 2010 | $292,644 | tax credit/rebate; property tax abatement | |
| General Electric | Maine | local | 2011 | $14,273,135 | tax increment financing | |
| GE R&D 2005 | New York | local | 2008 | $370,495 | tax credit/rebate; property tax abatement | |
| GE Energy Learning Center | New York | local | 2008 | $32,791 | tax credit/rebate; property tax abatement | |
| GE R&D 2003 | New York | local | 2008 | $119,366 | tax credit/rebate; property tax abatement | |
| GE Energy Learning Center | New York | local | 2011 | $33,144 | tax credit/rebate; property tax abatement | |
| GE R&D 2003 | New York | local | 2011 | $140,762 | tax credit/rebate; property tax abatement | |
| GE Aviation/GL II Assoc. | New York | local | 2011 | $156,450 | tax credit/rebate; property tax abatement | |
| GE R&D 2005 | New York | local | 2011 | $346,685 | tax credit/rebate; property tax abatement | |
| G E HealthCare | New York | local | 2011 | $1,525,310 | tax credit/rebate; property tax abatement | |
| GENERAL ELECTRIC CREDIT CORP OF TENN | Indiana | local | 2007 | $597,900 | property tax abatement | |
| GE HITACHI NUCLEAR ENERGY AMERICAS LLC | California | local | 2012 | undisclosed | tax credit/rebate | |
| THE MEMPHIS GROUP INC | Tennessee | local | 2008 | $4,111 | property tax abatement | |
| GECAS ASSET MANAGEMENT SERVICES INC | Tennessee | local | 2009 | $3,343 | property tax abatement | |
| GECAS ASSET MANAGEMENT SERVICES INC | Tennessee | local | 2010 | $2,920 | property tax abatement | |
| G E HealthCare | New York | local | 2012 | $6,768,652 | tax credit/rebate; property tax abatement | |
| GE R&D 2005 | New York | local | 2012 | $325,146 | tax credit/rebate; property tax abatement | |
| GE Aviation/GL II Assoc. | New York | local | 2012 | $156,450 | tax credit/rebate; property tax abatement | |
| GE R&D 2003 | New York | local | 2012 | $144,468 | tax credit/rebate; property tax abatement | |
| GE Energy Learning Center | New York | local | 2012 | $32,468 | tax credit/rebate; property tax abatement | |
| Baker Hughes Oilfield Operations | Louisiana | local | 2014 | $236,931 | property tax abatement | |
| Baker Hughes Oilfield Operations | Louisiana | local | 2014 | $168,590 | property tax abatement | |
| Baker Hughes Oilfield Operations | Louisiana | local | 2014 | $307,682 | property tax abatement | |
| Baker Hughes Oilfield Operations dba Completions & Fishing | Louisiana | local | 2014 | $38,787 | property tax abatement | |
| Baker Hughes Oilfield Operations dba Drill Bits | Louisiana | local | 2014 | $25,422 | property tax abatement | |
| Baker Hughes Oilfield Operations, Inc. | Louisiana | local | 2014 | $2,150,471 | property tax abatement | |
| Baker Hughes Oilfield Operations, Inc. | Louisiana | local | 2014 | $18,214 | property tax abatement | |
| Baker Hughes Oilfield Operations, Inc. | Louisiana | local | 2014 | $167,286 | property tax abatement | |
| Dresser, Inc. | Louisiana | local | 2014 | $184,536 | property tax abatement | |
| GE Energy Oilfield Technology | Louisiana | local | 2014 | $53,927 | property tax abatement | |
| GE Oil & Gas Compression Systems, LLC | Louisiana | local | 2014 | $24,710 | property tax abatement | |
| General Electric Company | Louisiana | local | 2014 | $366,634 | property tax abatement | |
| GE Energy Learning Center | New York | local | 2013 | $30,529 | tax credit/rebate; property tax abatement | |
| GE R&D 2005 | New York | local | 2013 | $65,331 | tax credit/rebate; property tax abatement | |
| GE Aviation/GL II Assoc. | New York | local | 2013 | $135,874 | tax credit/rebate; property tax abatement | |
| GE R&D 2003 | New York | local | 2013 | $148,995 | tax credit/rebate; property tax abatement | |
| G E HealthCare | New York | local | 2013 | $1,556,890 | 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 | |
| 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 | |
| G E HealthCare | New York | local | 2014 | $1,585,323 | tax credit/rebate | |
| 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 | |
| Baker Hughes Oilfield Operations, Inc. | Texas | local | 2011 | undisclosed | property tax abatement | |
| 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 | |
| Lufkin Industries, Inc. | New York | local | 2015 | $87,762 | 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 | |
| G E HealthCare | New York | local | 2015 | $1,571,856 | tax credit/rebate | |
| General Electric Company | Tennessee | local | 2016 | undisclosed | property tax abatement | |
| General Electric Company | Tennessee | local | 2016 | undisclosed | property tax abatement | |
| G E HealthCare | New York | local | 2016 | $1,170,063 | tax credit/rebate | |
| 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 | |
| Lufkin Industries, Inc. | New York | local | 2016 | $91,492 | 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 | |
| G E HealthCare | New York | local | 2017 | $1,272,707 | tax credit/rebate | |
| GE Rotterdam | New York | local | 2017 | $405,341 | tax credit/rebate | |
| Lufkin Industries, Inc. | New York | local | 2017 | $89,553 | tax credit/rebate | |
| GE Aviation/GL II Assoc. | New York | local | 2017 | $74,599 | tax credit/rebate | |
| General Electric | Ohio | multiple | 2009 | $121,000,000 |
MEGADEAL  |
|
| General Electric | Ohio | multiple | 2014 | $98,000,000 |
MEGADEAL |
|
| General Electric | Massachusetts | multiple | 2016 | $145,000,000 |
MEGADEAL |
|
| GE Capital Corporation | Connecticut | state | 2001 | $4,292,250 | grant/loan hybrid program | |
| GE Lighting, LLC - Lexington Lamp Plant | Kentucky | state | 2011 | $600,000 | tax credit/rebate | |
| GE Lighting, LLC - Lexington Lamp Plant | Kentucky | state | 2011 | $16,800 | tax credit/rebate | |
| GE Lighting, LLC | Kentucky | state | 2001 | $2,200,000 | tax credit/rebate | |
| B J Services Company, U.S.A. | Kentucky | state | 2006 | $850,000 | tax credit/rebate | |
| Baker Oil Tools | Louisiana | state | 2008 | $809,794 | property tax abatement | |
| Hydril Company | Louisiana | state | 2008 | $577,930 | property tax abatement | |
| Baker Oil Tools | Louisiana | state | 2008 | $369,656 | property tax abatement | |
| General Electric Company | Louisiana | state | 2008 | $178,356 | property tax abatement | |
| Baker Hughes Inteq | Louisiana | state | 2008 | $146,908 | property tax abatement | |
| Hydril Company | Louisiana | state | 2008 | $98,278 | property tax abatement | |
| Baker Hughes Inteq | Louisiana | state | 2008 | $38,142 | property tax abatement | |
| BJ Services Company, USA | Louisiana | state | 2008 | $31,241 | property tax abatement | |
| Baker Oil Tools | Louisiana | state | 2008 | $26,128 | property tax abatement | |
| General Electric Company | Louisiana | state | 2009 | $195,515 | property tax abatement | |
| Baker Hughes Inteq | Louisiana | state | 2009 | $84,193 | property tax abatement |
