GE Transportation Supports 1 in 11 Jobs in Erie County

GE Transportation Supports 1 in 11 Jobs in Erie County

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#GE Transportation supports 1 in 11 jobs with a total economic impact of $2.7 billion in #Erie County http://3bl.me/qrnycw

Summary

Since late 2010, Erie based General Electric Transportation created roughly 1,000 jobs in its operations department. GE generates $1 in every $130 in the state’s economy, which shows the vast economic impact in the region. The “Powering Pennsylvania: GE Transportation’s Impact on the Economy and Community-at-Large in Northwestern Pennsylvania” report, commissioned by GE and conducted by the Pittsburgh-based research firm, Tripp Umbach details GE's $4.6 billion contribution.

 

Friday, April 29, 2011 - 11:30am

NEWSROOM: General Electric (GE)

CONTENT: Press Release

  • Every GE job supports close to three additional jobs in Pennsylvania

  • Total economic impact of $2.7 billion on Erie County, $4.6 billion on Pennsylvania

  • Company generates one dollar in every $130 in the state’s economy

(3BL Media / theCSRfeed) ERIE, Pa. - April 29, 2011 - GE Transportation supports one in 11 jobs in Erie County, an economic impact study released today states. Erie’s largest employer commissioned Pittsburgh-based research firm Tripp Umbach in 2010 to compile the 20-page report “Powering Pennsylvania: GE Transportation’s Impact on the Economy and Community-at-Large in Northwestern Pennsylvania.”
“The positive effect GE Transportation has on the Erie region is tremendous, it can’t be overstated. In terms of jobs, business activity with local companies, opportunities for young people, in terms of overall quality of life in the community, GE is a leader in every respect.”
GE Transportation’s operations have a total economic impact of more than $2.7 billion on Erie County and of $4.6 billion on all of Pennsylvania, the report states.
 
“One dollar in every $130 in the state’s economy is generated by GE Transportation, making it one of the largest industrial companies in the Commonwealth,” said Paul Umbach, President & CEO and Co-founder of independent research firm Tripp Umbach. “GE Transportation’s annual economic impact on the Commonwealth of Pennsylvania is larger than all Pennsylvania-based professional sports teams ($1.37 billion) and the state’s mining, oil and gas extraction industries ($1.79 billion) combined.”
 
 
About GE
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
 
Citizenship at GE is more than a program or a set of good intentions - it is a full-time commitment built upon cultural behaviors and actions. These actions are integrated with business strategy and have defined goals, strategies and metrics that make it actionable and accountable.

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