General Electric (NYSE: GE
) will break ground this summer on a new U.S. global operations center in greater Cincinnati that is expected to bring 1,400 new jobs to the state of Ohio. The facility is scheduled to be fully operational by 2017.
The center delivers on GE's global strategy to streamline its operations, providing a centralized location where departments like finance and IT can be standardized and managed in one place.
JobsOhio, a private, nonprofit organization based in Columbus, helped secure the site for GE by providing information on suitable locations and economic development assistance. The new facility will serve as one of GE's five shared service centers around the world.
"We're excited to expand GE's presence in Ohio," said Shane Fitzsimons, senior vice president of GE global operations. "Ohio and GE have been working together for many years and Ohio is home to over 15,000 GE employees today. The Greater Cincinnati area provides a pool of talent that will help us build a world-class shared services center."
"Ohio is already home to more GE employees than any other state in the country, with its largest footprint in Greater Cincinnati, so it is no surprise it would choose to bring even more jobs and investment here," said Matt Davis, interim executive director of REDI Cincinnati.
GE secured a temporary lease at the Atrium II building in downtown Cincinnati to hold employees while the shared services center is being developed.