New products equal new jobs at GE's Appliance Park

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by Johnny Archer

WHAS11.com

Posted on April 22, 2013 at 1:28 PM

Updated Monday, Apr 22 at 2:35 PM

LOUISVILLE, Ky. (WHAS11) -- For the first time, General Electric Appliances is making frontload washers and dryers in the United States.

“These products represent a $100 million investment and 200 jobs,” GE Appliances President and CEO Chip Blankenship said in front of 500 GE employees.

A stock of newly developed models will be coming out of GE’s Appliance Park in Louisville.

“It is adding jobs, it is strengthening our economy and most importantly it is showing the importance of private-public partnership, because tax incentives for energy efficient appliances is helping contribute to the resurgence here,” Congressman John Yarmuth said.

GE, as well as any company producing energy efficient appliances in the US, is eligible to receive about a 7 percent tax break.

In 2010, GE announced it would invest $1 billion in its US appliances business and they would bring their production line of frontload washers and dryers from China to the US.

“In 2010, Jeff Immelt (GE Chairman and CEO) was here in this community with the Governor and myself,” Kentucky Lt. Gov. Jerry Abramson said. “We were talking about the day of outsourcing General Electric appliances is over.”

The new washers and dryers will be available in stores around June 1 and will cost about $1,399 for both.

 

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