General Electric's aviation unit plans to open a plant in Dayton next year. The Dayton Daily News reports that two other plants in Mississippi and Alabama will be open next year, which will create over 400 new jobs at all three locations.
The company says it's part of a $580 million investment in its aviation business over the next five years. GE also says it will hire 12,000 new workers over the next several years, including 5,00 veterans, as part of its expansion.
General Electric and the University of Dayton have agreed to a leasing deal.
Dayton City leaders hope that a GE plant will help to attract other new high-tech businesses. Officials have estimated as many as 200 jobs could be created. City Commissioners are said to have unanimously approved the deal.
GE's new facility will be in an existing building on land that UD purchased from NCR. Officials said GE will not have to pay property tax for the first 15 years of their lease.
Construction is expected to begin in a month and to open in 2013
In 2009, Governor Strickland named Dayton as the Ohio Aerospace Hub of Innovation-It was an effort to promote the aerospace research in the area and to create jobs. Now, GE Aviation is partnering with the hub. It's called the Electrical Power Integrated Systems Research and Development, or EPISCENTER. Its focus is on making power systems for hybrid and electric vehicles, electric ships and aircraft and smarter power grids.