GE Aviation will established five new plants in Ellisville, Miss. Auburn, Ala.; Asheville, N.C.; Lafayette, Ind. and Huntsville, Ala. About two million square feet of new manufacturing floor space is being created.
“Unless U.S. manufacturers can accelerate their productivity growth, it will be difficult for them to compete with manufacturers in other nations,” said Information Technology and Innovation Foundation. “Productivity stagnation is a major reason why the manufacturing trade deficit has ballooned 53% since 2010.”
"It will take a concerted effort on trade, tax, workforce, and infrastructure policy to create the economic and industrial renaissance the president is proposing," said Alliance for American Manufacturing President Scott Paul.
“Margo is a proven and extraordinarily talented executive with a deep understanding of how to build and scale brands on a global basis and expertise in effectively engaging consumers and retail partners in a rapidly evolving digital world," said outgoing CEO Christopher A. Sinclair.
“This Institute will be an important catalyst to leverage innovation and energy efficient technologies that will reduce harmful emissions while creating jobs and building America’s 21st century economy,” said Energy Secretary Ernest Moniz.