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FW Chamber: Promote GE move to FW


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#1 johnfwd

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Posted 17 June 2015 - 10:06 AM

News of late that GE is contemplating a move away from Connecticut, including this Dallas Business Journal article.  Might be a good opportunity for the Fort Worth chamber people to persuade GE to come to our city.  Particularly so because of the GE Locomotives operation here. 

 

http://www.bizjourna...to-move-to.html



#2 renamerusk

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Posted 17 June 2015 - 11:19 AM

.... Might be a good opportunity for the Fort Worth chamber people to persuade GE to come to our city.  Particularly so because of the GE Locomotives operation here. 

 

First things first, maybe it is a good opportunity for the FW CofC to be persuaded, do you think? :swg:



#3 johnfwd

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Posted 17 June 2015 - 11:43 AM

Point well taken.  I was thinking the same thing, myself.  I hope our city's economic development promoters don't leave it to Dallas or Irving or Plano to lure GE to those cities.  I can just hear the Dallas chamber person assure the GE decision-maker:  "Come to Dallas, the home of GE Locomotives!"  And, I'd bet dollars for donuts that GE would buy that.



#4 renamerusk

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Posted 17 June 2015 - 12:01 PM

Point well taken.  I was thinking the same thing, myself.  I hope our city's economic development promoters don't leave it to Dallas or Irving or Plano to lure GE to those cities.  I can just hear the Dallas chamber person assure the GE decision-maker:  "Come to Dallas, the home of GE Locomotives!"  And, I'd bet dollars for donuts that GE would buy that.

 

XTO, Downtown Fort Worth, Inc. are you listening too?  This could be a great collaboration between two energy companies who could each absorb 500k sf of a 1,300K - 50 story high rise; one that I am calling Energy Place Fort Worth.

 

Hope that XTO has been quietly working so as to surprise us with something "big".  This after XTO announced back in April that it was requesting design proposals for a 800 parking garage on the Landmark Block and the possibility for development of something of greater.consequence.



#5 youngalum

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Posted 19 June 2015 - 10:49 AM

They are too busy promoting cows and cowboys to be bothered with this little company relocation.



#6 renamerusk

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Posted 19 June 2015 - 06:15 PM

They are too busy promoting cows and cowboys to be bothered with this little company relocation.

 

Already having a major GE division located in "Fort Worth", it is hard to fathom that CoC FW could not be on this if a relocation is more than posturing on the part of GE; and If that is the case re: CCFW, there will be you what to pay.



#7 johnfwd

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Posted 21 August 2015 - 06:56 AM

An update on prospective sites for General Electric's headquarters relocation is in this FWBP article below.  Atlanta appears to be the favorite, though "Dallas" is a runner-up.  I put quotes around Big D because the article refers specifically to our neighbor to the east, though it mentions GE's north Fort Worth manufacturing facility.  Gov. Abbott did his best, I guess, to get them to come to Texas.  I have no idea whether the Fort Worth C of C even bothered to push for this, but they should have done so, vigorously (i.e., sharp power-point presentation, glossy portfolio, promise of tax incentives, etc.). If someone knows more about this, please so inform me.  Of course, GE may be dead-set on going to the magnolia city.

 

http://www.fortworth...f284924b94.html



#8 PeopleAreStrange

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Posted 21 August 2015 - 01:37 PM

"Dallas is also among the markets under study, one of the people said."

 

Perhaps the person meant Dallas-Fort Worth metroplex instead of Dallas. We all know how common this is with people not from here.

 

Here's hoping Fort Worth is under consideration.


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#9 Austin55

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Posted 21 August 2015 - 02:42 PM

DFW area  seems like it also has a good base for a lot of GE's major products. GE makes jet engines for commercial airliners, and FW especially has deep aviation roots. We already know about the trians. GE also makes a lot of those wind turbines and solar panels, and Texas is a huge market for those. They make Oil and Gas products, another thing DFW knows well. They have a medical presece as well and this area seems to have a lot of that going on to. 



#10 Dallastar

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Posted 22 August 2015 - 08:58 PM

Texas is business friendly state, and we have everything they are looking for (in Fort Worth) as far as business goes.  They do seem to want a shiny new dig as well.



#11 JBB

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Posted 28 August 2015 - 01:39 PM

Not happening:

http://www.bloomberg...x-im-opposition

#12 johnfwd

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Posted 31 August 2015 - 08:11 AM

A further update in this FWBP article.  Nix to GE's headquarters going to the "Dallas area."  Apparently, GE does not like the "Texas political climate," specifically the vote of some of the Texas congressional delegation in opposition to reauthorization of  the Export-Import Bank.  I guess Fort Worth is lucky to have gotten the GE locomotives plant prior to the Ex-I'm bank authorization bill going before Congress.

 

http://www.fortworth...0c23ee8cd6.html



#13 renamerusk

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Posted 31 August 2015 - 08:28 AM

....Apparently, GE does not like the "Texas political climate," specifically the vote of some of the Texas congressional delegation in opposition to reauthorization of  the Export-Import Bank.....

 

The political climate in Georgia is just as split as it is in Texas over the EX-IM Bank; the climate there will probably rule out Atlanta as well. 

 

My guess is that GE could be using the long tested strategy of "hard to get" to squeeze out more concessions from Connecticut.



#14 JBB

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Posted 31 August 2015 - 09:36 AM

I agree. It's not like the political climate in Texas was something that changed suddenly after they said they were looking here.

#15 renamerusk

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Posted 31 August 2015 - 10:08 AM

Texas is business friendly state, and we have everything they are looking for (in Fort Worth) as far as business goes.  They do seem to want a shiny new dig as well.

 

 You would think so, however the current political climate in Texas with a staunch anti EX-IM Bank will be an obstacle when recruiting global corporations seeking to relocate here. 



#16 cjyoung

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Posted 31 August 2015 - 04:43 PM

Sound like pure bullsh to me.



#17 pelligrini

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Posted 02 September 2015 - 09:36 AM

I'm sure GE was hoping for editorials like the one Monday in the Star Telegram as well.

http://www.star-tele...le33261705.html

 


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#18 mmmdan

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Posted 02 September 2015 - 10:24 AM

I can't say it's totally surprising.  Most of the country's exports are in big dollar items like aircraft, construction equipment, locomotives, etc.

 

When you have a big company like GE that does a lot of business using the Ex-Im bank, either directly, via their locomotives, or indirectly, aircraft engines, you have to expect them to take that into account.  The failure to reauthorize the Ex-Im bank can directly impact their bottom line.

 

When you look at the facts that the Ex-Im bank actually makes money for the country.  Its re-authorization has never really been a political issue.  It's a very specific set of representatives that have an issue with it...

 

As they say, elections have consequences.



#19 mmmdan

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Posted 17 September 2015 - 10:23 AM

And in response to the fact that GE cannot get financing for their products, they will begin to shift some of their jobs out of the U.S.

http://www.star-tele...le35306709.html



#20 Doohickie

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Posted 17 September 2015 - 10:51 AM

Hooray for Small Government!!! 

 

 

 

Right?  :no:


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#21 Volare

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Posted 17 September 2015 - 07:36 PM

And in response to the fact that GE cannot get financing for their products, they will begin to shift some of their jobs out of the U.S.

http://www.star-tele...le35306709.html

 

It's not GE that can't get financing, it's the foreign (mostly state owned) companies who do business against US companies who can't get the same terms. So we are putting US companies at a competitive disadvantage by giving loans to foreign entities that we won't give to US companies. I for one am quite pleased that this scam has been shut down.



#22 Austin55

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Posted 27 July 2017 - 03:09 PM

Erie PA's loss is FW's gain as all locomotive production shifts here. 

 

http://www.star-tele...e163936832.html



#23 johnfwd

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Posted 27 July 2017 - 03:30 PM

Erie PA's loss is FW's gain as all locomotive production shifts here. 

 

http://www.star-tele...e163936832.html

Ditto on the MSN website today.

 

http://www.msn.com/e...ocid=spartandhp






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