In conjunction with the Economic Development Coalition (EDC) for Asheville-Buncombe County, GE Aviation has announced plans for a multi-billion dollar, nation-wide investment to advance jet propulsion. The investment is designed to bring new technology, design and materials to GE jet engines while reducing emissions.
Four North Carolina counties are partnering to attract more than $195 million in potential statewide investment to accommodate the adoption of new technologies for aerospace innovation. Buncombe County and the City of Asheville have already worked closely with GE Aviation to retain and expand local production capabilities to accommodate production of the aircraft engine material known as ceramic matrix composite (CMC). According to GE Aviation, the proposed manufacturing facility would sustain over 750 direct, indirect and induced local jobs, $34 million in annual income and $4.3 million in annual state and local taxes.
The expansion opportunity has initiated a series of coordinated, public economic development processes expected to conclude in summer 2013 with a statewide announcement. The project will only move forward following the successful conclusion of the statewide public process.
GE Aviation, visit geaviation.com.