Friday, August 21, 2015
The prodigal corporation returns
Having tasted the foul cup of foreign sinks of depravity, General Electric is returning, albeit in a small way, to one of the cities in Upstate New York it so heartlessly abandoned under the reckless asset stripping of Neutron Jack Welch.
General Electric, once one of the biggest employers in Utica, one of New York’s hardest-luck towns, is coming back.Not the economic mainstay it formerly was, but so much more than it has been for all those years.
Dolloping out another economic perk to a long-maligned upstate locale, Gov. Andrew M. Cuomo announced on Thursday that G.E. would return to Utica for a high-tech project in a city where it once made low-tech radios.
The announcement of G.E.’s plans to package silicon carbide power blocks at the State University of New York Polytechnic Institute in Utica was just part of what the governor himself packaged as a “transformative moment” for the entire Mohawk Valley, west of the state capital...
The new project will be housed in a 56,000-square-foot “clean room” on the SUNY Poly campus, and could be expected to generate 420 jobs in the next five years, among its company, the university and other partners, according to a G.E. spokesman.
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