![]() ![]() The total dollar amount that a company amasses is not subject to mandatory disclosure and is therefore often never made public. There is no state or federal entity that tracks exactly how much a company like GE receives in public money-which can include loans, tax credits, grants, or other forms of taxpayer funds. “Taxpayer dollars-in the form of government contracts and subsidies,” the report says, “have bankrolled GE’s transient approach to manufacturing.” Tough to pin down The spokesperson also said the company is considering the “possibility” of opening a facility in New Jersey that would assemble the part of wind turbines that house their electrical generators.īut the UMass/Cornell researchers say such investments don’t begin to offset the amount of public funding GE has received over the years. ![]() ![]() Roughly 500 U.S.-based union jobs off the coast of Martha’s Vineyard will be created to build new Haliade-X wind turbines for a major offshore wind project, says a GE spokesperson. GE indicates it is now scaling up its domestic renewable work. So shortly after GE moved its sourcing abroad, roughly 300 Molded Fiber Glass employees lost their jobs. GE had been putting in orders for wind turbine blades at an Aberdeen, South Dakota plant of a small American composites manufacturer called Molded Fiber Glass. Prior to 2017, when GE acquired LM Wind Power, its Denmark-based wind turbine manufacturer, it relied more heavily on U.S. GE’s approach has affected American workers. Five of its six onshore wind turbine-head assembly facilities are located abroad. workers have been left out of the bonanza in recent years: 13 of the 14 LM Wind power plants that GE now lists on its website are located outside the U.S., and its sole production hub of offshore wind turbines is located in Saint-Nazaire, France. That would seem like a public policy success story, the researchers say, except many U.S. ![]()
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