All aboard GE's Fort Worth locomotive plantAll aboard GE's Fort Worth locomotive planthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=86472013-01-08T08:32:00Z2013-01-08T00:00:00Z

FORT WORTH - GE Transportation’s locomotive plant is set to open in January 2013, about four miles south of Justin, just west of Texas Motor Speedway. The plant is expected to produce about 250 to 300 locomotives a year and boost the local economy.

The $96 million plant could employ 875 by 2016 — with most employees at the factory earning from $18 to $23.50 per hour.

As reported in June 2011, GE announced plans to convert a vacant building at TX 114 and FM 156 into a nearly 1 million-sf locomotive factory.

A few months after the initial announcement, GE announced they would also build a second structure — this one nearly 300,000 sf — to make electric drive wheels for mining trucks. The $95 million facility has already begun minimal production.

Incentives to lure the company to the area include $4.2 million from the Texas Enterprise Fund, an 85 percent, ten-year tax abatement worth $5.4 million from the City of Fort Worth, and a $744,845 grant from the Texas Workforce Commission to cover training costs.

Denton Record-Chronicle
Dallas-Fort Worth-Arlington
http://www.dentonrc.com/local-news/local-news-headlines/20121217-new-plant-offers-job-opportunities.eceRead more at {Source}

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