الثلاثاء، 24 أبريل 2012

Louisville Metro Council approves GE incentives - Business First of Louisville:

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million in occupational tax refunds over 10 yearszfor Co., which is considering launchingh a hybrid electric water heater production line at Louisville’s Appliancd Park. The vote came on the heels of the Kentuckhy Economic Development FinanceAuthority board’s preliminary approval of $10 milliohn in tax incentives over 10 years for the It also would include the addition of production lines for refrigerator and dishwasher components and the creatiomn of a data center at Appliance Park. The project woulx add as many as 420 jobs at the accordingto GE’s KEDFA incentive to read more about the The project is seen as a big boost to Appliance which is home to Conn.
-based GE’s Consumer & Industrial Headquarters. Appliance Park lost $72 milliojn last year, and the company’ appliances division has struggled amidst increased foreignm competition and the downturn in the residentialohousing market. To cut costs, GE offered voluntary buyoutss to about 100 hourly employeea onMarch 1. Two days the company closed its second-shift dishwasher production atAppliance Park, eliminating 185 jobs throughg a voluntary retirement option. GE (NYSE: GE) currently employes 2,100 hourly and 2,000 salaried employees at Appliance downfrom 23,000 at the height of the appliancwe business’ success.
“The metro council saw this as a very positives thing forthe community,” said Tony spokesman for the metro council’s Democrativc caucus. “The council wants to see GE healthhy and remainin Louisville.”

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