GE’s Appliances division has released its 2021 Economic Impact Report, detailing what it calls “the most successful five-year period in our history.”
The company said the report shares how its strategic investments during that time frame have transformed the company and created thousands of American jobs.
“While GE Appliances (GEA) has been around for more than 100 years, 2016–2021 have been the most successful in our history. With the entrepreneurial mindset of a startup and investments in innovations, we have expanded our portfolio of traditional core products and adopted a strategic focus on new technology – all of which have enabled GEA to become the fastest-growing appliance company in the U.S.,” the company writes in the executive summary of the report. “Our double-digit compound annual growth rate (CAGR) over the last five years exceeds that reported by any competitor. Our investment and growth in the U.S. are responsible for creating more than 100,000 jobs.”
It also discusses the states where it has manufacturing facilities and its efforts to bring more manufacturing back to the United States.
Click here to see the full report.
