Associated Press - November 22, 2010 2:25 PM ET
DAYTON, Ohio (AP) - General Electric Co. says a new $51 million research and development center will be built on University of Dayton property near Interstate 75 in southwest Ohio.
GE Aviation announced plans for the center in March. It will focus on new electric power systems for aircraft, ships, hybrid vehicles and other markets.
Officials said Monday the center will be on eight acres and is expected to open by the end of 2012.
The site will enable GE employees to work closely with the University of Dayton Research Institute and nearby Wright-Patterson Air Force Base. GE Aviation is a GE unit based in Evendale, Ohio.
Ohio's Third Frontier program, which funds investment in innovative technology projects, will provide $7.6 million for the project.