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Subsidy Tracker Individual Entry

Company: General Electric Company
Parent Company: General Electric
Subsidy Source: federal
State in Which Facility Is Located: Vermont
City: Rutland
Project Description: GE Aviation will purchase machinery and equipment that will be used to manufacture the new GEnx aircraft engine. The GEnx engine will significantly reduce greenhouse gas emissions and reduce the annual fuel consumption for its operators.
Year: 2010
Major Industry of Parent: diversified
Specific Industry of Parent: diversified
Subsidy Value: $11,860,058
Program Name: Advanced Energy Manufacturing Tax Credit (48C Program)
Awarding Agency: Department of Energy
Type of Subsidy: federal allocated tax credit
Source of Data: Attachment to January 8, 2010 Energy Department press release: (click here)
Notes: Year is year credit approval was announced.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.