Mid-size American companies added 1.2 million jobs and grew their revenues five times faster than their much larger counterparts in the S&P 500 in 2013. But they are feeling headwinds from regulations like the new healthcare law. Read more at http://www.gereports.com/post/75617704754/obstacle-course.
The December opening of GE Aviation’s EPISCenter on the University of Dayton campus marked one of the biggest economic development projects in recent memory. Vic Bonneau leads the facility, which could house 200 or more researchers in the next few years (Technically, he is president Electrical Power Integrated Systems business for GE Aviation, which goes well beyond the center.) Bonneau started with a division of General Electric out of college, but was spun off to different companies as that division was sold multiple times. Eventually, he landed with Leland and Smiths Aerospace in Vandalia where he rose up the ranks. GE Aviation eventually purchased Smiths Aerospace, so Bonneau has come back full circle. This week, Bonneau sat down to talk about being an engineer at heart and his affinity for a certain type of dancing.
At last month’s Commercial Real Estate Finance Council January conference, Mortgage Observer met with Ms. Riley, who runs capital markets for North America for GE. She filled us in on her current responsibilities and the evolution of her career and shared valuable pieces of advice for women early in their own.
President Barack Obama took his road tour Thursday to GE’s Waukesha gas engines plant, where he touted job training, talked up a rebounding economy and contended that 2014 could be “a breakthrough year for America.” The plant – which has operated here for 106 years and was acquired by GE in 2011 – produces gas engines for oil and gas field operations as well as factories and utilities in the U.S. and overseas. The company has invested $35 million in the operation in the past three years and increased the number of hourly employees from 270 to nearly 400.
Governor Robert Bentley announced the creation of 50 new jobs as part of a plant expansion. GE Intelligent Platforms today announced the expansion of its facility in Huntsville is opening of a new building. Fifty new jobs will be created in Huntsville with this expansion.