GE to Detail Lafayette InvestmentPosted: Updated:
Officials from GE Aviation and the state of Indiana will provide more details this morning about the company's decision to locate a jet engine manufacturing plant in Lafayette. Inside INdiana Business first reported the plan to bring the operation to Tippecanoe County. In a public meeting yesterday, Indiana Economic Development Corp. Board Member Robert Taylor highlighted a project that would involve approximately 200 jobs and a $92 million investment. He also stated the average salary will be around $75,000.
The plant will produce LEAP engines, which are designed to power next-generation commercial aircraft.
Nearby Purdue University and GE have a relationship dating back to the early 20th Century.
During the recent National Governors Association Winter Meeting, General Electric Co. (NYSE: GE) Chief Executive Officer Jeff Immelt said the company has a desire to connect with universities.
March 25, 2014
Governor Mike Pence will join David Joyce, president and chief executive officer of GE Aviation, the world's largest jet engine manufacturer, on Wednesday at 10:15 a.m. in West Lafayette for a major economic development announcement regarding the global manufacturer's first-ever production facility in Indiana.
Sources: Indiana Economic Development Corp., Inside INdiana Business