GE Appliances announces $3 billion investment in U.S. production

GE Appliances announces $3 billion investment in U.S. production

GE Appliances announced a $3 billion investment over the next five years to increase production at facilities across the country.

The appliance manufacturer, whose parent company is China-based Haier, will begin with increased production at the company’s plants in Alabama, Georgia, Kentucky, South Carolina and Tennessee. The five year plan anticipates adding an additional 1,000 new jobs.

“No other appliance company over the last decade has invested more in U.S. manufacturing than we have, and our $3 billion, five-year plan shows that our commitment to U.S. manufacturing will continue into the future,” said Kevin Nolan, president and CEO of GE Appliances.

GE said the investment will help the company produce electric water heaters, gas range stoves, top-freezer refrigerators and washing machines in plants across the southern United States.

Kentucky Gov. Andy Beshear celebrated the announcement at GE’s headquarters in Louisville on Wednesday. He said the company’s investment is not a partisan issue.

“There ain’t nothing Democrat or Republican about a good job,” Beshear said. “We’re not moving right or left, we’re moving forward together, and that helps every Kentuckian in every part of this state.”

In June, GE announced it would invest $490 million and 800 new jobs at its headquarters in Louisville.

“When it comes to advanced manufacturing, no one does it better than we do in Kentucky,” Beshear said.

The domestic investment from GE follows months of President Donald Trump touting company investments into the United States under his trade deal policies. The White House website maintains a running list of more than eight trillion dollars in foreign and private investments nicknamed “The Trump Effect.”

The White House list touts deals like a $600 billion investment from Apple, $500 billion from Nvidia and $1.3 billion from yogurt company Chobani. Projects under the companies include AI development and increased manufacturing capabilities across the country.

GE contributed $30 billion to the U.S. Gross Domestic Product and added 113,000 jobs, according to a 2024 economic report.

Leave a Comment





Latest News Stories

Casey Westfield School Board.1

Casey-Westfield Schools Earn Perfect Financial Rating, Approve Major Purchases

The Casey-Westfield School District received the highest possible financial profile rating and a clean audit for fiscal year 2024, while also approving significant equipment purchases and personnel changes during Monday's...
Casey Westfield School Board.2

Casey-Westfield Schools Focus on Student Activities and Community Engagement

Casey-Westfield schools are emphasizing hands-on learning and community connections through diverse programs spanning elementary through high school levels, according to administrator reports presented during Monday's board meeting. Elementary students at...
Casey Westfield School Board.3

SCHOOL BOARD MEETING BRIEFS

Waiver Renewal Approved: The board authorized renewal of the full-day School Improvement waiver, allowing continued use of four full professional development days instead of six half-days, based on staff and...
Casey Council Meeting.2

Casey Council Considers Utility Rate Increases After Audit Reveals Losses

The Casey City Council is moving toward potential utility rate increases after a recent audit revealed the city is losing money on its water and sewer operations, officials announced during...
City Council Meeting Briefs.Blue

CITY MEETING BRIEFS

Executive Session Held: The city council met in closed session for 23 minutes to discuss litigation matters, following proper legal procedures for confidential discussions. No action was announced following the...
Casey Council Meeting.2

Police Report Pharmacy Break-In Resolution

Casey Police Chief Adam Henderson announced that federal authorities have resolved the investigation into a break-in at the local Pharmacie Shoppe that occurred several months ago. Henderson reported during the...
Casey Council Meeting.1

Casey Council Approves Property Transfer, Reshuffles Committees

The Casey City Council approved the transfer of two downtown properties and reorganized council committees during their January 8 meeting, while Mayor Mike Nichols outlined an ambitious list of projects...
City Council Meeting Briefs.Purple

CITY MEETING BRIEFS

Christmas in the Park Success: The annual Christmas in the Park event attracted approximately 1,800 vehicles and raised around $6,600 in donations, according to organizer Shane Todd. Todd thanked the...
Candy-Canes-on-Main-Lighted-Parade

Candy Canes on Main Lighted Parade

SAVE THE DATE!! Dec. 6 @6:30 The Candy Canes on Main 2024 Event kicks off with an amazing lighted parade in downtown Casey, Illinois. Want to participate...reserve your spot @...
Gingerbread-House-Contest

Gigerbread House Decorating Competition 2024

Get the creative juices flowing by entering our Gingerbread House Decorating Competition! Register online through our website. We’re also partnering with Wildflour Bakery & Candy Co. They will be offering a Gingerbread...
Freedom-Festival

Casey Freedom Festival

Join us for a fun filled day of activities in Downtown Casey followed by fireworks in Fairview Park at dusk! Full schedule of events will be posted soon.
Popcorn-Festival

KZ5K Fun Run/Walk

Three full days of family fun, food, and entertainment.... an extremely enjoyable street festival over the Labor Day weekend. Join us Aug. 30-Sept. 2, 2024, at Fairview Park as we...
Popcorn-Festival-1

Casey Popcorn Festival Car Show

Free POPCORN all weekend! Three full days of family fun, food, and entertainment.... an extremely enjoyable street festival over the Labor Day weekend. Join us Aug. 30-Sept. 2, 2024, at...
Popcorn-Festival-2

Casey Popcorn Festival Schedule

Free POPCORN all weekend! Three full days of family fun, food, and entertainment.... an extremely enjoyable street festival over the Labor Day weekend. Join us Aug. 30-Sept. 2, 2024, at...
Fairview-Park.2

Fairview Park

In 1996, the City of Casey entered into an intergovernmental agreement with the Casey Township Park District to operate, partially fund, and maintain Fairview Park. Fairview Park consists of 40...