WEST JEFFERSON-GE Aviation in West Jefferson officially received a cool new $500,000 to help the firm with its ongoing expansion.
That news comes from West Jefferson Town Manager Brantley Price, who was part of a delegation that hand delivered a building reuse grant this week that GE Aviation first applied for in 2014.
“The Building Reuse Grant was one of the great incentives that assisted in finalizing the expansion of GE in North Carolina,” Price wrote in an email. “On behalf of the Town of West Jefferson I would like to say thank you to the NC Department of Commerce for this great program.”
The building reuse grant program allows eligible firms – including those like GE Aviation that are looking to increase their number of workers – funds that can be used to aid with expansion plans.
The $500,000 is just one piece of a larger local incentive package designed to help GE with its expansion. Ashe County has pitched in some $585,000 for the project, along with more than $600,000 from West Jefferson and $350,000 from Ashe County Job Development. In total, state and local incentives to GE have topped more than $2 million.
GE, a global leader in jet engine and aircraft system production, hosted a grand opening ceremony last summer for its 80,000-square foot expansion at its West Jefferson facility. The company has invested some $65 million in the expansion, and said it plans to hire 105 new workers through 2017.
The company has said in previous interviews the expansion is part of a nearly $200 million investment at multiple sites throughout North Carolina that should help the company meet demand for its LEAP jet engine.
Reach Adam Orr at 336-489-3058.