This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

GE New Shared Services Center Bringing 1,400 Jobs To Greater Cincinnati

Stocks in this article: GE

COLUMBUS, Ohio, April 10, 2014 /PRNewswire/ -- JobsOhio President and Chief Investment Officer John Minor today announced that GE has chosen Greater Cincinnati for its new U.S. Global Operations Center. The project is expected to create 1,400 new jobs in Ohio. GE will break ground on the facility this summer and expects to be fully operational at the site by 2017.

JobsOhio logo

The center is key to GE's global strategy to simplify its operations. GE is creating shared service sites where enabling functions like finance and IT can be standardized and managed in one place. The Greater Cincinnati site will be one of GE's five shared services centers around the world.  JobsOhio worked closely with GE to provide information on suitable sites for the new shared services center, as well as economic development assistance.  Ohio was in competition with a number of other locations in the United States.

"GE is one of the most innovative, forward-thinking, well-run companies on the planet.  The company knows the Greater Cincinnati area is an excellent place to be because of its long-time, successful GE Aviation operation and we're thrilled with the confidence this move shows in the people of Ohio.  JobsOhio has once again shown its value by working successfully with the company to make this happen.  It's great to see more jobs created by JobsOhio's efforts," said Ohio Gov. John R. Kasich.

"We're excited to expand GE's presence in Ohio," said Shane Fitzsimons, Senior Vice President, GE Global Operations. " Ohio and GE have been working together for many years and Ohio is home to over 15,000 GE employees today.  The Greater Cincinnati area provides a pool of talent that will help us build a world-class Shared Services Center. We appreciate the support of JobsOhio in bringing this project to the region.  Our long and successful history with the state will be mutually beneficial."

"We are delighted that GE continues to invest in Ohio and has chosen Greater Cincinnati to be home to its U.S. Global Operations Center and 1,400 professional jobs," said Minor.  "This decision further illustrates our strong relationship with GE as well as the long-term presence of this global company in Ohio."

" Ohio is already home to more GE employees than any other state in the country, with its largest footprint in Greater Cincinnati, so it is no surprise it would choose to bring even more jobs and investment here," said Matt Davis, Interim Executive Director of REDI Cincinnati.  "GE knows that our region is an ideal place to live and work, and we're excited to again be part of its plans for the future."

About GE:  GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at .

About JobsOhio : JobsOhio is a private, non-profit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention, and expansion efforts.  Find out more at . 

Logo -


Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs