Economic good news for southern Ohio: Project creating 1,400 new jobs
Wednesday, April 23, 2014
The General Electric Co.’s announcement Thursday to open a new service center that will bring 1,400 new jobs to Ohio is the state’s single largest jobs announcement since before the economy sank into recession.
“In terms of just straight new jobs, this is the largest economic development project in Ohio in a decade,” said Matt Davis, interim executive director of REDI Cincinnati, the private development agency that leads the Cincinnati region’s business attraction activities.
“When you think about all the ups and downs in the Ohio economy” the past 10 years, “to now be able to put ourselves in a position to compete and win a project of this magnitude, it really speaks to where Ohio has come in a short amount of time,” Davis said.
Fairfield, Conn.-based GE is creating shared service sites where it can consolidate back-office functions such as finance and information technology in one place, according to an announcement released Thursday by JobsOhio, the statewide nonprofit development agency. REDI Cincinnati is the JobsOhio liaison for the Cincinnati region.
GE said Thursday it has selected the Cincinnati-area to open the U.S. Global Operations Center, also the location of GE’s aviation division headquarters, but has not decided on an exact final location.
The new service center will create 1,400 new jobs to Ohio. Some of the jobs will be positions transferred from other GE locations nationwide, and consolidated to Cincinnati, according to GE. The share of jobs to be transferred to Cincinnati, and the share of jobs for which the company will be hiring was not disclosed.