EVENDALE, Ohio -- Thursday will be a big day at the General Electric Jet Engine plant in Evendale, as $200 million of new investment gives the 60-year-old facility and its thousands of jobs a new lease on life.
The best news out of this revitalization effort is an assurance from GE it will not close this jet engine facility or eliminate the jobs of the 7,400 workers it currently has headquartered in Southwest Ohio.
Ohio Governor Ted Strickland and UC's new President, Gregory Williams, took part in a news conference on Thursday.
Part of the $200 million in new investments will be the creation of a new aerospace propulsion research center that will be jointly run by GE and UC.
General Electric is geting a 15-year tax abatement, which includes the promise to keep the 5,400 jobs at the 400-acre facility off Interstate 75, and another 2000 jobs scattered throughout the Tri-State.
All this comes, just a month after President Obama announced a new military contract that will keep at least 1,000 jobs, at GE Evendale.
