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Oil and Gas
Fri December 6, 2013
GE Picks Site Near Downtown Oklahoma City For New Oil And Gas Research Center
General Electric has picked a site near downtown Oklahoma City for the home of its new research center focused on the oil and gas industry.
The center is one of nine globally for the company. Former Oklahoma Secretary of Commerce Mike Ming is the general manager of the GE Oil and Gas Technology Center.
Published reports say the new 95,000-square-foot center will be built at NE 10th and N. Walnut Ave., near the University Research Park.
Ming says the company is in final negotiations with the land's owner, the Oklahoma City Urban Renewal Authority, OCURA.
The property qualifies for tax incentives as do the jobs the new center is expected to bring.
Once the center is fully staffed, as many as 130 people will work there, with many salaries exceeding $100,000 per year.
GE says this is the first of its global research centers focused on a single industry.
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