New renderings, new name point to future of Fort Wayne GE campus

The Electric Works name is a nod to the 100-plus year history of the GE manufacturing site, which originated as the “Fort Wayne Electric Works” and was later known as the “Jenney Electric Light Company.”

Source: WPTA / 21Alive

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“The Project will generate lasting effects on the entire region.”

This past summer, RTM Ventures commissioned a national CPA and consulting firm to research and produce a detailed study of the expected economic impact study for Phase 1 of the project. Their analysis provides a data-driven narrative for just how transformative Electric Works.

Some highlights from the analysis include:

  • Electric Works will increase tax revenues
    • Federal, state, and local tax impact of $943 million over 20 years
    • State tax impact of $220 million over 20 years
  • Electric Works will create jobs
    • 1,981 jobs during construction
    • 2,830 jobs during operation
    • 1,565 direct jobs on-site during operation
  • Electric Works will grow the economy of northeast Indiana
    • $283 million in economic impact during construction
    • $387 million in annual economic impact during operation

You can read the entire analysis here: AN ECONOMIC IMPACT ANALYSIS OF: ELECTRIC WORKS – WEST CAMPUS

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