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Metroplex credits GE Vernova, state grants for roughly $535 million in 2024 investments
Summary
At a Schenectady County Legislature committee meeting, Metroplex Commissioner Ray Gillings presented the agency's 2024 annual report, highlighting major private investments tied to GE Vernova, state grant wins and local development projects that Metroplex says produced about $535 million in investment and more than 800 jobs.
Commissioner Ray Gillings presented Metroplex’s 2024 annual report to the Schenectady County Legislature’s Committee on Economic Development and Planning, saying the county recorded roughly $535 million in new investment and more than 800 new jobs in 2024.
“It's more than a deal a week,” Gillings said, summarizing the agency’s deal flow and arguing the county’s unified economic development approach has sustained momentum since 2004. The presentation focused on major private investments, supplier relocations tied to General Electric (GE) Vernova and several state grant awards Metroplex helped secure.
Metroplex highlighted multiple project announcements tied to GE Vernova’s downtown Schenectady campus and related suppliers. Gillings said Metroplex tracked a $22,000,000 project creating about 150 jobs for advanced generator manufacturing and a roughly $30,000,000 onshore-wind program expected to create about 100 jobs. He also described a…
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