General Electric will build a research center in Van Buren Township, Michigan, creating over 1,100 jobs.
The Advanced Manufacturing & Software Technology Center will employ engineers and scientists in Michigan who were laid off by the auto industry.
GE will invest $100 million in the site, and receive $60 million in state incentives.
The General Electric Company, or GE, is a multinational technology and services conglomerate incorporated in the State of New York. In terms of market capitalization as of September 30, 2008, GE is the world’s tenth largest company.