Wednesday, March 26, 2014
The GE research center is expected to produce at least 128 jobs to Oklahoma City. Baker Hughes expects to create about 475 jobs.
Job incentives were unanimously approved Tuesday for two global companies that plan to start construction this spring on manufacturing and research facilities focused on high-tech products for the oil and gas industry.
The Oklahoma City Economic Development Trust approved awarding $1 million in general obligation limited tax bond funds to GE toward development of a $125 million, 95,000-square-foot oil and gas research laboratory to be built at NE 10 and Central. The incentives award is based on GE hiring 128 people.
Baker Hughes Oilfield Operations, meanwhile, was awarded $850,000 as it prepares to build a new manufacturing plant and research facilities at the southwest corner of the Kilpatrick Turnpike and U.S. 77. The award is based on Baker Hughes hiring 475 people.
Representatives of both companies reported Tuesday that they expect construction to begin within the next 60 days.
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