GE Oil & Gas is investing $50 million to manufacture its Mooney regulators and Becker control valves for the energy industry, among other oil and gas industry products, at a new advanced manufacturing facility located in Jacksonville, Florida.
The facility, announced on Sept. 26, is expected to open in November 2014.
“The new GE Oil & Gas facility in Jacksonville will bring at least 500 jobs.” said Florida Gov. Rick Scott. “Last year we eliminated the sales tax on manufacturing equipment in order to build up manufacturing in our state, and now businesses like GE Oil & Gas can save money and be more competitive. Florida businesses have already created more than 640,000 private-sector jobs since December 2010, so let's keep working to provide even more opportunities for Florida families.”
The new facility will incorporate advanced manufacturing processing technologies to foster the innovation of oil and gas products.
“We see advanced manufacturing as the next chapter in the Industrial Revolution," said Chuck Nugent, vice president of manufacturing, GE Oil & Gas.