INDIANAPOLIS (AP) — GE Aviation plans to invest $92 million and create 200 jobs at a jet engine manufacturing plant in Lafayette, a report said Tuesday.
The plant, the company's first in Indiana, will build the next-generation LEAP engine, which GE Aviation already has 6,000 orders for, the Indianapolis Business Journal reported.
The jobs will pay an average of $36 per hour, or about $75,000 per year. The state is providing $3.3 million in tax credits, an industrial development grant of up to $1.35 million and $332,000 in training grants, the report said.
The board of the Indiana Economic Development Corp. discussed the company's plans during a meeting Tuesday. Board member Robert Taylor told the newspaper the investment was an "early phase of what could be more to come."
Gov. Mike Pence's office announced separately that he would join GE Aviation president and CEO David Joyce at the Purdue University Airport in West Lafayette on Wednesday for an announcement on the company's "first-ever aviation production facility in Indiana."
GE Aviation, based outside Cincinnati, is a unit of Connecticut-based General Electric Co. GE Aviation employs more than 40,000 people and recorded 2013 revenue of $21.9 billion. It operates a components repair facility in Terre Haute.