Obama said America needed to "harness this spirit, this potential, the potential that all of you represent. ... I want plants like this all across the country. You are a model of what's possible."Immelt made reference to the Schenectady site being "the birthplace of GE more than 100 year ago. I like to think this is where capitalism and where innovation really was bornâ¿¿right here in Schenectady." GE has 4,000 employees at the GE Energy plant in Schenectady, which includes the new battery plant and the turbine and renewable energy businesses. There are 7,000 GE employees in the Capital Region, including employees at GE Global Research in Niskayuna, GE's headquarters for research, and a GE Healthcare plant in North Greenbush. Related stories: Local execs to make use of Obamaâ¿¿s visit Immelt: Schenectady key to doubling exports in next 5 years Copyright 2011 American City Business Journals http://www.bizjournals.com/albany/news/2011/01/21/obama-praises-ge-as-model-of-whats.html?ana=thestreet
By The Business Review (Albany) here]. "Ninety percent what is made here are exported outside of the U.S.," General Electric CEO Jeffrey Immelt said. "The future is given to no one. We have to compete. We have to win." Obama made reference to his selecting Immelt to head his new economic recovery advisory board. Immelt joined Obama at the Schenectady plant Friday. Obama also made references to his visit to the region in 2009 to Hudson Valley Community College. He met on the GE assembly line a worker who received his education at HVCC that prepared him for his job in Schenectady. "You in the plant you are showing us the way forward," Obama said.