KEY POINTS
-
GE Aerospace plans to invest more than $225 million in its Niskayuna Research Center, largely going towards infrastructure improvements.
-
The NY project is expected to create at least 75 research, engineering and skilled-trade jobs.
-
State and local incentives include up to $8.42 million in tax credits and a sales-tax exemption on construction materials.
GE Aerospace plans to invest more than $225 million to modernize its Research Center in Niskayuna, Schenectady County, New York, Gov. Kathy Hochul announced Sept. 21.
What the GE Aerospace Project Includes
The project will upgrade facilities, equipment and infrastructure at the site, which the state says faces capacity constraints and aging infrastructure. GE Aerospace also committed to creating at least 75 new research, engineering and skilled-trade jobs as it expands work on jet-engine technology for commercial and defense customers.
In a statement, GE Aerospace said, the investment will be used to, "strengthen GE Aerospace's research capacity, with approximately two-thirds going toward infrastructure improvements and the remainder dedicated to advanced research equipment and technology."
.jpg?width=1920&height=1007&name=drone_grc%20(1).jpg)
A drone image shows the GE Aerospace Research Center in Niskayuna, NY. Image: GE Aerospace
Impact on Research and Workforce Development
GE Aerospace’s Niskayuna Research Center serves as a hub for scientific research and advanced-technology development and employs more than 800 people.
The planned spending includes machinery, equipment, furniture and fixtures, which state officials said will support the site’s long-term role in global aerospace innovation and help GE Aerospace remain competitive internationally.
The statement does not specify potential construction-related labor opportunities, contractors, subcontractors, hiring timelines, or individual construction occupations.
“The future of flight is developed through rigorous scientific and technical pursuit spanning decades,” said Joe Vinciquerra, general manager and senior executive director of GE Aerospace Research. “We are ready to turn this investment into breakthroughs that will define the next era of aviation.”
The announcement also highlights workforce-development activity connected to the site. The GE Aerospace Foundation is expanding its Next Engineers program in the Capital Region to reach roughly 4,000 students across local school districts, with the goal of advancing STEM readiness and building a future talent pipeline.
GE Aerospace plans to invest more than $225 million in its Niskayuna Research Center, largely going towards infrastructure improvements. Shown is an image of its GE90-94B engine. The powerplant, rated at 94,000 lbs. of thrust, powers Boeing's 777-200 and 777-300 airplanes. Image: GE Aerospace
How New York is Supporting the Project
Empire State Development is supporting the investment and job commitments with up to $8.42 million in performance-based Excelsior Jobs Program tax credits.
The Schenectady County Metroplex Development Authority is backing the capital project through a sales-tax exemption on construction materials.
GE Aerospace works with commercial airlines, airplane manufacturers and U.S. government agencies on research, engineering, manufacturing, repair and maintenance of engines and other aerospace technologies.
The company operates nearly 250 locations in 40 countries, including manufacturing facilities, overhaul and component centers, and engineering hubs, according to its website.
About ConstructConnect
At ConstructConnect, our software solutions provide the information construction professionals need to start every project on a solid foundation. For more than 100 years, our insights and market intelligence have empowered commercial firms, manufacturers, trade contractors, and architects to make data-driven decisions and maximize productivity.
ConstructConnect is a business unit of Roper Technologies (Nasdaq: ROP), part of the Nasdaq 100, S&P 500, and Fortune 1000.
For more information, visit constructconnect.com
