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GE Transportation Moving Corporate HQ To Chicago

By Chuck Sudo in News on May 30, 2012 5:20PM

2012_5_30_rahm_GE.jpg GE Transportation, which builds equipment for the rail, mining and marine industries, announced this morning it was moving its corporate headquarters to Chicago.

GE Transportation President/CEO Lorenzo Simonelli said in a statement:

“We have transformed GE Transportation from a North American rail company to a truly global transportation business. Chicago allows us to more efficiently reach and serve customers around the world in the rail, mining and marine industries.”

A press release from Mayor Rahm Emanuel's office called the move another sign that Chicago is turning into an international hub for business.

“This is a banner day for the City of Chicago, and proof positive that our central location, business-friendly climate, and world-class talent will attract the best companies in the world,” said Mayor Emanuel. “GE Transportation is a top-level, worldwide company that will be using its Chicago headquarters as a central location from which to do business around the globe. This is a major win for the City of Chicago, its business community, and its residents, and is a harbinger of growth to come.”

Plans are for GE Transportation to begin moving 50 people from its current headquarters in Erie, PA to Chicago in the next two years, with a staff of 150 people expected by 2014. While this is great for white collar professionals, GE Transportation plans on keeping its main manufacturing facilities in Erie.

The Sun-Times reports that the deal is not tied to any city or state subsidies nor will GE Transportation receive any, even after they decide on a location for its new headquarters.