BTW What an unfortunate surname for the young lady writer 😂
But, didn't GE have a huge appliance manufacturing facility there before? Or am I thinking of Whirlpool?
That is a start.
Looks like the article left a bit out if the info below is accurate...
“...The Kentucky Economic Development Finance Authority (KEDFA), the state’s incentives board, amended subsidies already in place for the broader Appliance Park operation at a meeting in Frankfort Thursday morning. In all, those incentives now stand at $113.5 million...”
NYS has spent billions bribing companies to site/stay.
NYS is still an economic wasteland.
I’m confused. I thought GE sold most of the appliance park to the Chinese company, Haerer (sp?) a few years ago ? I was unaware of a remaining GE presence. I know the refrigerator portion was divested
Yea. They did. It’s now “GE Appliances, a Haier Company”
It’s now 100% Chinese owned. They just kept the “GE brand” name for marketing purposes.
This is an investment by a Chinese company.