03 Mar GE Healthcare gets $7 million package from governor to stay in state
Waukesha, Wis. – Supplemented by a $7 million incentive package announced today from the state of Wisconsin, GE Healthcare’s information technology business unit announced that it will build a new $85 million headquarters in the Milwaukee County Research Park in Wauwatosa. Gov. Jim Doyle’s financial package is intended to assist the company as it expands its business operations.
The new 475,000-square-foot facility will house the company’s information technologies, ultrasound and e-Business divisions. The company said that it selected the Wauwatosa location over other Milwaukee-area locations as well as two out-of-state sites that included Mount Prospect Ill., where the company also has operations.
“After an extensive two-year process, we’re pleased to announce we once again elected to stay in Wisconsin and continue our longstanding relationship with the state by building a high-technology headquarters facility for several of our key business units,” said Joe Hogan, president and chief of operations for GE Healthcare.
Groundbreaking on the new facility, which will house approximately 2,000 employees, is set for this summer, with initial occupancy slated for 2005. GE Healthcare employees moving to the new facility will represent a variety of functions, including engineering, programming, service support and manufacturing.
“GE Healthcare is one of Wisconsin’s most successful companies, and its decision to locate this new facility in Wauwatosa represents a major win for Wisconsin,” Doyle said. “The high-tech and competitive paying jobs created by GE Healthcare in Wisconsin have greatly benefited our economy, and this investment will not only retain, but create more of these high end jobs in our state.”
Hogan said today’s announcement represents more than growth as a company and an employer.
“As a pioneer in the field of medical technology and healthcare, GE takes pride in its communities in which we live and work, and are committed to making them even better,” said Hogan. “GE Healthcare remains dedicated to supporting and strengthening our community ties. We look forward to continuing that spirit of allegiance in Wauwatosa and the state of Wisconsin.”
GE Healthcare is a provider of medical imaging, point-of-care systems, healthcare services and information technology. As one of Wisconsin’s top with more than 6,400 employees, the company currently has facilities in more than a dozen Wisconsin communities, including Brookfield, Madison, Milwaukee, Menomonee Falls, Pewaukee and Waukesha. The company has operated its manufacturing facility in Waukesha since 1973.