Company: General Electric Parent Company: General Electric Subsidy Source: state Location: Michigan City: Van Buren County: Wayne Project Description: advanced manufacturing technology and software development center Year: 2009 Major Industry of Parent: diversified Specific Industry of Parent: diversified Subsidy Value: $76,200,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Number of Jobs or Training Slots: 1,100 Capital Investment: $100,000,000 Source of Data: The value of all tax credits and the job and investment projections were taken from: Dustin Walsh, "GE targets homegrown talent in hiring blitz," Crain's Detroit Business, August 29, 2011. Notes: In 2009 General Electric announced construction of an advanced manufacturing technology and software development center in Van Buren Township. From the state the company received $73.9 million in MEGA (Michigan Economic Growth Authority) business tax credits paid over 12 years (listed separately in the main Subsidy Tracker data in the 2009 entry for the program). In 2010 the company received an additional $2.3 million in unspecified tax credits for aviation work at the same campus. (In 2009, the federal government granted GE $4.5 million in a stimulus grant; not included in the total). The job and investment projections represent GE's commitment from 2009. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.