General Electric Announces Construction Plans
OKLAHOMA CITY (AP) - General Electric Co. says it will build a new global research center in Oklahoma, creating 125 new engineering jobs.
GE Chairman and CEO Jeff Immelt made the announcement Wednesday alongside Gov. Mary Fallin. The company has not yet picked a specific location for the center but says that selection should happen soon.
GE says it's evaluating locations with proximity to academic institutions like the University of Oklahoma and the skilled workforce in Oklahoma City.
The research center will initially focus on technologies involving the production of unconventional oil and gas resources, such as shale. Immelt says shale gas could be "one of the biggest productivity drivers of our lifetime.''
The new research center will become part of GE's global research network that has facilities worldwide.