CINCINNATI -- Move-in is complete, the keys were handed over: General Electric's new Global Operations Center at The Banks is now open.
The building is open for more than 2,000 GE employees, according to spokesman Jon Reischel from ColorNine said Monday.
“The GE Global Operations Center is an incredible milestone for The Banks and for Cincinnati,” said Dan McCarthy, project executive for Carter, master developer of The Banks, in a press release. “Bringing GE to the riverfront makes that vision a reality and helps extend Cincinnati’s downtown business district directly to our greatest physical asset, the Ohio River."
GE's new $90 million global operations center at The Banks is expected to generate more than $100 million in payroll, with annual salaries averaging $79,000, Reischel said. The University of Cincinnati Economics Center has estimated the center's annual impact to reach $1 billion.
The Cincinnati site is one of GE's five service centers globally, and the only located within the United States.