Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development Ge topic
No spam. Unsubscribe anytime.
City reports GE will expand Bangor facility, adding 50 jobs and a $20 million investment
Summary
City staff announced that GE plans equipment investments at its Bangor facility that the city expects will add about 50 jobs and about $20 million in investment; staff said the work centers on equipment rather than building expansion.
Committee leadership closed the meeting with an economic update: city staff said General Electric plans an expansion at its existing Bangor facility that the company anticipates will add roughly 50 jobs.
The committee heard that GE’s investment is about $20,000,000 and that the company intends to invest in equipment at the site rather than expand the building footprint. Committee members characterized the development as a significant local investment that will bring positions across skill levels.
No formal action was required; committee members welcomed the announcement and asked staff to continue monitoring any tax or permitting issues related to the investment.
