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
“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
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.