EVENDALE, OH (FOX19) - GE Aviation is staying put in Evendale.
Ohio Gov. Ted Strickland is in town Thursday to announce a $200 million deal to upgrade the plant and keep the company in Evendale for years to come.
The company has had a major presence in Evendale long before the village became a village. The original buildings housed the Wright Aeronautical Piston Factory, which closed at the end of WWII.
In 1928, G.E. move in.
The Village of Evendale says it wants to keep its oldest tenant happy.
"I think the state's reaction and our reaction was we wanna make sure they stay here for the long term," said Jack Cameron, administrative assistant to the mayor of Evendale.
On Thursday, GE will announce it is committing to Evendale for 18 more years in return for up to $200 million in tax breaks and upgrades to it's aging facility.
"I think their challenge was an older building, a vast older building that was in desperate need of efficiencies, energy efficiencies," said Cameron.
It took the village and GE about a year to figure out the game plan.
GE is the world's largest manufacturer of jet engines. The unique aviation corridor between Cincinnati and Dayton would be tough to recreate elsewhere, not that other states didn't try to steal GE away.
"The increasing competing other states trying to draw away these large manufacturers and corporations and offering them large incentives to come relocate elsewhere," said Cameron.