Governor Hochul Announces GE Vernova to Invest $50 Million to Locate an Onshore Wind Nacelle Manufacturing Operation to Schenectady County

SourceNew York State
Date Published05/23/2023

Additional Reshoring Information:

Company/Division name GE Vernova
Parent companyGE
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):200
Year reshoring announced:2023
Capital investment ($):50
City reshored to:Schenectady
State(s) reshored to:NY
If relevant, work nearshored to:-
Product(s) reshoredonshore wind nacelle manufacturing
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Impact on domestic economy, Skilled workforce availability/training, Green Excelsior Jobs Tax Credits
Government Incentive dollar amount:$2.5 mil
Find Reshoring Articles