GE Gives Boost to Michigan With High-Tech Plant
General Electric Co. said it would open a $100 million research-and-development facility near Detroit to employ about 1,200 scientists and researchers in a region hit hard by job losses and a sagging auto industry.
The Fairfield, Conn., conglomerate said the Advanced Manufacturing and Software Technology Center in Wayne County, Mich., will join GE's network of four research labs in Niskayuna, N.Y., Shanghai, Munich and Bangalore, India.
GE said work at the center, formerly occupied by auto-parts maker Visteon Corp., will focus on developing information-technology, clean-energy and transportation products. The company will also build a 100,000-square-foot building on the site. It said Michigan is offering more than $60 million in incentives over the next 12 years.
Reuters
GE CEO Jeffrey Immelt, addressing the Detroit Economic Club in Michigan Friday, calls for the U.S. to chart 'a dramatic industrial renewal.'
GE Chief Executive Jeffrey Immelt touted Michigan's "world-class" engineering and technical talent. Michigan's unemployment rate was 14.1% in May, well above the national rate of 9.4%. GE said it is looking for specialists in developing composites, machining, inspection, casting and coating technologies for its aviation and energy businesses. The auto industry employed many engineers with expertise in these areas.
Gov. Jennifer Granholm said the state will try to support GE by applying for federal stimulus money related to research on "smart" electrical grids.
Text of Immelt's Speech In a speech Friday to the Detroit Economic Club, Mr. Immelt said the U.S. should chart a "dramatic industrial renewal" that would boost manufacturing to 20% of the nation's jobs, about double its current share. He called for the U.S. to reinvigorate efforts to improve its competitiveness as an exporter, by boosting investment in research and development, education and training.
Mr. Immelt said the U.S has "lost our leadership in many growth industries, and other new opportunities are at risk." He called for a new emphasis on the importance of engineering as a profession, as well as efforts to improve the technical prowess of U.S. companies. He said tax policies should support exports by U.S. companies.
Mr. Immelt said GE had "outsourced too much," and would rebuild its own capabilities around activities such as developing software and manufacturing aviation components. He said GE wouldn't cut outsourcing contracts or close research divisions abroad, but would open new facilities in the U.S. geared for export.
General Electric Co. said it would open a $100 million research-and-development facility near Detroit to employ about 1,200 scientists and researchers in a region hit hard by job losses and a sagging auto industry.
The Fairfield, Conn., conglomerate said the Advanced Manufacturing and Software Technology Center in Wayne County, Mich., will join GE's network of four research labs in Niskayuna, N.Y., Shanghai, Munich and Bangalore, India.
GE said work at the center, formerly occupied by auto-parts maker Visteon Corp., will focus on developing information-technology, clean-energy and transportation products. The company will also build a 100,000-square-foot building on the site. It said Michigan is offering more than $60 million in incentives over the next 12 years.
Reuters
GE CEO Jeffrey Immelt, addressing the Detroit Economic Club in Michigan Friday, calls for the U.S. to chart 'a dramatic industrial renewal.'
GE Chief Executive Jeffrey Immelt touted Michigan's "world-class" engineering and technical talent. Michigan's unemployment rate was 14.1% in May, well above the national rate of 9.4%. GE said it is looking for specialists in developing composites, machining, inspection, casting and coating technologies for its aviation and energy businesses. The auto industry employed many engineers with expertise in these areas.
Gov. Jennifer Granholm said the state will try to support GE by applying for federal stimulus money related to research on "smart" electrical grids.
Text of Immelt's Speech In a speech Friday to the Detroit Economic Club, Mr. Immelt said the U.S. should chart a "dramatic industrial renewal" that would boost manufacturing to 20% of the nation's jobs, about double its current share. He called for the U.S. to reinvigorate efforts to improve its competitiveness as an exporter, by boosting investment in research and development, education and training.
Mr. Immelt said the U.S has "lost our leadership in many growth industries, and other new opportunities are at risk." He called for a new emphasis on the importance of engineering as a profession, as well as efforts to improve the technical prowess of U.S. companies. He said tax policies should support exports by U.S. companies.
Mr. Immelt said GE had "outsourced too much," and would rebuild its own capabilities around activities such as developing software and manufacturing aviation components. He said GE wouldn't cut outsourcing contracts or close research divisions abroad, but would open new facilities in the U.S. geared for export.
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