GE Appliances is poised to invest another $200 million into domestic manufacturing, creating hundreds of jobs and helping to boost Kentucky’s economy. This is the latest in a string of expansion investments that the company needs in order to meet increased demand.
CEO Kevin Nolan credits tax cuts for the recent major investments. It isn’t just that demand is higher because more people are working and keeping what they bring home. The corporate tax cuts that Democrats have been trying to paint as cronyism for the greedy business elite are playing a big role in U.S. companies expanding their operations and increasing the workforce.
The changes in rates and favorable tax treatment of investments in machinery and equipment play a big role in our expansion plans.
“GE Appliances has long been an exemplary corporate partner for Louisville and the Commonwealth,” Kentucky Governor Matt Bevin said. “This iconic company has employed many thousands of Kentuckians for generations, and we are grateful for their most recent investment in the Bluegrass State. As GE Appliances continues to adapt to a changing marketplace, we are confident that they will remain a perfect fit right here in Kentucky—America’s center for engineering and manufacturing excellence.”
Appliance Park, GE Appliance’s headquarters, is a 900-acre facility that’s home to five manufacturing plants, a technology and engineering center, industrial design and the largest warehouse in its distribution network. The company started manufacturing operations there in 1953. The complex generates an annual Kentucky economic impact of $4.6 billion annually and employs more than 6,000 workers.