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GE Appliances Highlights Impact of its U.S. Investments in 2022 Economic Impact Report
Gus Wintzell

GE Appliances Highlights $1.1 Billion in Economic Impact in 2022 Report

July 7, 2023/in Economy, Featured, Lead, Manufacturing, News, Success, Technology/by Gus Wintzell

 GE Appliances, a Haier company, issued its 2022 Economic Impact highlighting the $24.5 billion contribution made by the company’s economic activities to the U.S. gross domestic product (GDP).

The effect on GDP was made possible by cumulative impact of more than $2 billion in investments and the hiring of 4,000 new employees at the company’s operations since 2016.

The ripple effect of the company’s investments, hiring, purchasing power and other economic activities have benefitted more than 100,000 U.S. families, including 6,050 in Alabama.  

Since 1978, the company’s Decatur Plant Operation has played a vital role in Decatur, Morgan County and Northern Alabama’s economic growth. Key highlights include: 

  • 1,550 GE Appliances employees in Alabama 
  • 4,500 additional jobs created by the economic impact of GE Appliances, its employees, customers and suppliers  
  • More than $180 million spent annually in purchases of goods and services from 219 Alabama suppliers 
  • $1.1 billion contributed to Alabama’s GDP 

“GE Appliances continues to invest millions annually to produce the highest quality top-freezer refrigerators in Decatur for homes across America,” said Leifje Dighton, Executive Director and Plant Manager.

Dighton, who assumed operational responsibility for the plant in February of 2022, is an Alabama native and Auburn University graduate.

“Our most recent investment builds upon the $125 million investment we completed in February of 2020 that expanded production capacity and created a Manufacturing Center of Excellence for refrigeration in Alabama,” Dighton concluded.  

For more information, please visit www.geappliances.com. To view the full 2022 Economic Impact Report, please visit the link here.

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Tags: City of Decatur, City of Huntsville, GE Appliances, Haier, Madison County, North Alabama
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https://huntsvillebusinessjournal.com/wp-content/uploads/2023/07/GE-Appliances-Highlights-Impact-of-its-U.S.-Investments-in-2022-Economic-Impact-Report.jpg 316 833 Gus Wintzell https://huntsvillebusinessjournal.com/wp-content/uploads/2019/02/HBJ-Logo.png Gus Wintzell2023-07-07 06:30:402023-07-06 12:48:11GE Appliances Highlights $1.1 Billion in Economic Impact in 2022 Report
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