You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Beer trend reversal brewing
    RICHMOND, Va. – Helping to quench a growing thirst for American craft beer overseas, some of the United States’ largest craft breweries are setting up shop in Europe, challenging the very beers that inspired them on their
  • SDI forges $1.6 billion deal for Mississippi mill
    Steel Dynamics Inc. is significantly expanding its steel production with the $1.625 billion purchase of a Mississippi mini-mill, officials announced Monday.
  • Existing-home sales dip in 1st half
    Sales are down from last year, but real estate officials say there’s reason to be upbeat.
Advertisement

GE to locate global center near Ohio River

CINCINNATI – General Electric Co.’s new U.S. global operations center will be in Cincinnati, along the Ohio River.

GE announced Monday that the center will be at The Banks development, which includes residential and entertainment sites between stadiums used by the Cincinnati Reds baseball team and Bengals football team.

In April, the Fairfield, Connecticut-based company announced plans for the center with 1,400 new jobs for Ohio. It had been deciding among possible Cincinnati-area locations. Officials describe the new jobs as well-paid, professional positions.

GE says the center should be fully operational by 2017, ultimately employing up to 2,000.

All terms weren’t disclosed, but reports have indicated GE is receiving lucrative tax credits, property tax abatements and other incentives from state and local officials.

GE employs about 307,000 globally, with 15,000 in Ohio.

Advertisement