Friday, January 7, 2011

It's....General Electric

A white house official has confirmed that President Obama will travel to Schenectady, New York, Tuesday to visit the birthplace of General Electric.
The president will tour the Schenectady facility with GE CEO Jeffrey Immelt, and then make remarks on the importance of growing the economy and making America more competitive by investing in jobs, innovation and clean energy.
The GE plant in Schenectady is a direct beneficiary of GE's power turbine deal with India announced during the President's trip last November. The site is the home to GE's largest energy division, including steam turbines, generators, wind and solar, and the future home of GE's advanced battery manufacturing facility.
During his trip to India, the president made remarks about the importance of working with the fastest growing economies in the world to promote American business interests.
"So often when we talk about trade and commercial relationships, the question is who’s winning and who’s losing," said the president in Novemeber. "This is a classic situation in which we can all win."
President Obama then outlined a working relationship between General Electric and the India based company, Reliance.
Rep. Paul Tonko, D-Amsterdam, said he was thrilled that the president was visiting General Electric, which he characterized as the leader in clean energy and nanotechnology.
"General Electric is the cornerstone of our fast growing high technology industry here in the Capital Region," said Tonko. "It was recently named the third fastest growing high-tech job market in the country. This was the basis for the discussions I had with the President during his visit to Hudson Valley Community College in September of 2009.
“As the birthplace of an industrial and innovation revolution a century ago, General Electric and Schenectady combine to form an ideal backdrop for the President’s visit, and I look forward to again welcoming him to the region.”

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