Biden takes part in GE jobs announcement - wave3.com-Louisville News, Weather & Sports

Biden takes part in GE jobs announcement

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Vice President Joe Biden duirng a speech at GE's Appliance Park Vice President Joe Biden duirng a speech at GE's Appliance Park

LOUISVILLE, KY (WAVE) - Hundreds of jobs are on the way to Louisville. We've been telling you about GE's investment in its nearly 60-year-old Appliance Park operation. Monday, Vice President Joe Biden came to share in the excitement.

C-2 may not sound like much, but when you put it together, you get more than 800 new jobs coming to our area. It is one of three new energy-efficient appliance product lines that will be made in Louisville. Two of those lines are coming back to America after previously being produced abroad.

Applause filled Appliance Park with the news of hundreds of new jobs.

"400 of them are coming to Louisville from China," said Rep. John Yarmuth (D-KY 3rd) to a round of applause from the crowd.

GE will receive nearly $25 million in tax credits for its nearly $600 million investment. It is a credit leaders say is made possible by recent legislation.

"The Recovery Act had a lot goals," said Gov. Steve Beshear (D-KY), "to create jobs, to stimulate long term economic growth, to invest in economic infrastructure, and to bring our use of energy into the 21st Century."

The Vice President said none of it would be possible without the risky and expensive stimulus package. He thanked those who voted to make it happen, like Yarmuth.

"Overwhelmingly criticized, although now overwhelmingly getting praised. But at the tough time, you stood up Jim. You would not be having these jobs and we would not be here were it not for Jim casting that vote."

While Mr. Biden repeatedly confused John Yarmuth for Jim, it was the jobs announcement that took center stage.

"We're laying a new foundation," said Mr. Biden. "A new foundation for a new economy with investments like the one we're highlighting here today. They not only create jobs today, but jobs in the future and more importantly, industries of the future."

After his speech in Louisville, Mr. Biden headed across the river to a fundraiser he was headlining in Jeffersonville for Congressman Baron Hill.

Copyright 2010 WAVE News. All rights reserved.

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