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GE to bring 263 new jobs to Clearwater

GE to bring 263 new jobs to Clearwater

CLEARWATER, Fla. (970 WFLA) – Clearwater city officials said General Electric Company has selected Clearwater as the new site to expand their manufacturing operations which will result in 263 new jobs and a $49 million expansion to their current site.

Officials said Instrument Transformers, Inc., a subsidiary of general electric company, is currently located at 1907 Calumet St., in the Hercules Avenue industrial area.  According to the city, Instrument Transformers, Inc. has been in Clearwater for 38 years and currently has 436 employees and will expand the Calumet Street facility and create a manufacturing center of excellence.

“Due to the economy during the last five years, the city created an economic development strategic plan and invested time and resources to creating new opportunities. Part of the plan was to ask the voters to approve a tax exemption program which would create jobs," said Mayor George N. Cretekos. "This is a big win for the city of Clearwater and it shows that we can compete for high quality jobs."

Clearwater voters approved a referendum question in November 2012 according to the city, giving the city council the authority to grant economic development ad valorem tax exemptions to qualified new and expanding businesses that are creating jobs.

City officials said the move and expansion is a direct result of voter approval of the economic development ad valorem tax exemptions which can be offered to qualified new and expanding businesses.

 

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