OKLAHOMA CITY — General Electric Co. has selected a site near downtown Oklahoma City for its planned $110 million global research center.
The company announced Thursday that it’s selected a site at 10th Street and Walnut Avenue for its new 95,000-square-foot center, which will create 130 jobs. The research center will initially focus on technologies involving the production of unconventional oil and gas resources, such as shale.
“The new center’s close proximity to many of our customers and the state’s great university network and engineering talent will allow us to accelerate the development of new technologies,” said Michael Ming, general manager of the new center.
GE operates seven other research centers in the U.S., and other countries.
“In April, we celebrated news of GE’s decision to invest and establish their Oil & Gas (research and development) center in our great state,” Gov. Mary Fallin said a news release. “Today, we mark another milestone that shows how this vision is quickly becoming a reality. GE’s new Oil & Gas Technology Center will not only make a great addition to the Oklahoma City skyline, it will be a beacon for attracting international attention from oil and gas partners around the world who value GE’s technology excellence in the energy sector.”
Officials have said the governor invested $3 million from a quick-action economic development closing fund to help lure GE’s research center to Oklahoma.
GE has said that Oklahoma’s proximity to the oil and gas marketplace was a major factor in the company’s decision to locate the research center in the state. Oklahoma City is home to major independent oil and natural gas producers Devon Energy Corp., Chesapeake Energy Corp. and Continental Resources.
Construction on the new center is set to begin next spring with an opening date planned for 2015.
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