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District of Columbia Snapshot

2016 Charitable Contributions:

$7,324,733

Current Employees:

130

Individual Shareowners*

5,040

Retirees Since 1999:

140

2016 Volunteer Hours:

1,182

Suppliers:

10

*Individual shareowners by media market, as of 2013

Policies Affecting GE in District of Columbia

Jobs/Economy
Key Issues

Jobs/Economy

Our business looks much different today than it did 20 or even five years ago, all with a goal of transforming GE into a high-tech industrial company to better serve our customers in today’s competitive, fast-paced world. While GE has undergone a significant transformation, our commitment to U.S. manufacturing remains the same.

GE Jobs in the U.S.

  • 39,000 U.S. Manufacturing Jobs
  • 16,500 U.S. Engineering Jobs
  • 20,000 Direct U.S. Supplier Companies
  • 10,000 U.S. Veterans Employed
  • 20 New U.S. Manufacturing Facilies Since 2013

Future of Work

GE is one of the largest employers in the U.S. with more than 100,000 workers. Giving our employees the skills they need to perform high-tech jobs is critical to ensure that both our company and our employees continue to succeed well into the future. That’s why we are training 150,000 sourcing employees, building new Brilliant Factories across the country, and donating 3D printers and other cutting-edge technology to more than 300 U.S. schools.

NEW FACILITIES

A leader in innovation, GE is harnessing the power of cutting-edge technologies to ensure its facilities are prepared for the future of manufacturing.

Over the past 5 years, GE has opened 6 Brilliant Factories in the world, including:

The Brilliant Factory puts a “digital thread” through operations, from product design all the way to supplier management so we can see performance and output in real time.

GE is also leading the way in exploring the potential of additive manufacturing, also known as 3D printing. We hosted the industry’s first ever additive summit in May 2018 and have opened multiple U.S. facilities dedicated to harnessing the potential of this new technology for GE and our customers:

NEW TRAINING

GE’s Brilliant Learning initiative provides training to global employees for new, highly-valuable jobs needed in today’s high-tech economy.

GE’s custom curriculum focuses on important skills such as lean, advanced, additive and digital manufacturing, as well as other technologies that are transforming the industry.

GE not only trains its current employees with important new skills, it also partners with schools and universities nationwide to ensure students are prepared for the high-tech manufacturing jobs of the future. Through GE’s Additive Education Program, we are investing $10 million dollars over five years to provide primary and secondary schools, universities, and colleges with the latest 3D printing technology.

Students at The University of Cincinnati and North Carolina State University, two schools selected to receive 3D printers from GE

For more information on jobs and the economy, explore the following resources:

Trade
Key Issues

Trade

GE supports policies that promote Trade and Global Connections. Policies that promote trade are important to GE and its workers, suppliers and other supporters throughout the U.S.

GE is one of America’s largest exporters, selling products and services in over 180 countries around the world. Last year, over 60% of our orders came from customers located outside the U.S. These orders mean more work for our employees here in America.

Yet competition for new and established markets is intense and only getting stronger. We must compete with large global players here in the United States and around the world.

As a global company, GE has the ability to navigate complex international markets. But sound trade policies are still important to GE, largely because they promote general economic growth and help smaller companies.

Key Trade Principles

OPEN FOREIGN MARKETS

Trade agreements break down foreign barriers and set strong enforceable trade rules. This helps large companies but is particularly important to smaller companies looking to compete abroad.

SET GLOBAL STANDARDS

Trade agreements also encourage universal regulations, such as standardizing the way data is stored, protected and moved across borders. This is an increasingly critical issue for companies like GE that are focused on digital innovation.

LEVEL THE PLAYING FIELD

Where we don’t have free trade agreements, it’s U.S. businesses that usually pay the price. Without free trade agreements, foreign companies still enjoy relatively unrestricted access to American markets, while U.S. businesses often face discriminatory taxes and other bureaucratic barriers abroad.

Global and Local Impact

Winning globally means growing locally

95% of world’s population lives outside the U.S. We need to meet their needs in their markets to maintain demand for our U.S. products.

We grow by investing, operating and building relationships in the countries where we do business. We call this localization.

The world is interconnected. When we draw on our global footprint, we are more competitive. When we win in one market, it benefits our company around the globe. Here are just a few examples:

Times Union: GE in Schenectady to supply Mexican power plant

Dallas Business Journal: GE gets largest order in 3 years from CN, work to be done in Fort Worth

GE Reports: SpiceJet to buy GE engines, services valued at $12.5 billion

Made in Alabama: GE Aviation orders at Paris Air Show to boost Alabama operations

Localizing in Markets Around the World Gives Us:

Market Access

Every country wants to create jobs and bring investment to their country. Competing for global deals is not easy, and requires flexibility and creativity. We do this country by country, deal by deal.

Insights and Flexibility

A local presence allows us to quickly understand and adapt to changing environments across markets. A footprint in multiple countries also allows us access to a diverse set of critical tools such financing, which is key to winning many large infrastructure deals.

READ: How Machinists In Pennsylvania Are Helping Drive Angola’s Economy

READ: Pakistan’s Bhikki Power Plant: Developed Worldwide, Delivered Locally

Strong Teams

We are made stronger by diverse teams. We need a global workforce with local knowledge and different backgrounds to continue innovating and delivering for our customers.

For more information on jobs and the economy, explore the following resources:

  • Let’s Upgrade NAFTA To Compete with the World: “Mexico and Canada are both top 10 export markets for GE, and our teams in all three countries work together on products that we sell around the world.”
  • 5 Reasons Trade Still Matters: “What U.S. trade agreements do is encourage other countries to open their economies to competition, eliminate subsidies, privatize state-owned companies, improve transparency, strengthen intellectual property protections, protect foreign investment and improve their government procurement systems.”
  • Why are Tariffs Such a Big Deal?: Globalization is one of the most complex issues that industries face today. See what executives and experts have to say on this topic.
  • Testimony Regarding Proposed China Tariffs: “GE employs more than 100,000 workers in approximately 160 manufacturing facilities across the United States, supporting an additional 20,000 U.S. suppliers accounting for approximately 1,000,0000 jobs in this country. GE exports 60 percent of the products we make in the United States to our customers around the world.”
Tax

Our U.S. workers earn high wages because they make leadership products that can be sold around the world. Global growth is critical to our success and has helped us become more efficient and more competitive. A fair tax system allows our workers to succeed on a global scale.

Tax Reform

For years, the United States tax system put our country at a competitive disadvantage in the global market. Until recently, we had the highest business tax rate in the developed world.

In 2017, Congress passed and President Trump approved the Tax Cuts and Jobs Act, which was the first reform to our tax system in over three decades. Under this new system, the corporate tax rate has been lowered to 21% and U.S. businesses will now be able to reinvest their foreign earnings back into the United States. GE supports the new tax reform law because it brings U.S. tax rates in line with other countries around the world and allows U.S. businesses and workers to compete fairly, so that it’s the quality of our products that determine whether we win global deals instead of the tax differences.

GE has long stated that we support the implementation of tax reform, even though it means we as a company will now pay higher taxes. The new tax system provides more certainty and stability, which allows both our own business and those of our customers to better plan and invest over the long-term. We remain committed to working with legislators to ensure that this system is implemented in a way that continues to benefit U.S. manufactures and workers.

Regulatory Reform
Key Issues

Regulatory Reform

GE sells products and services to customers in a massive range of different markets. In each of these markets, GE and its customers must deal with a complex and ever-changing body of regulation. Regulations cover topics that range from setting air emissions limits for GE products to determining which agency processes the paperwork for importing electric motors.

The federal government typically issues thousands of new regulations each year. Most of these regulations involve very little burden or disruption, but a small handful of regulations each year have the potential to dramatically change behaviors and even markets.

Under the current administration, the number of new regulatory rules has decreased significantly.

Chart illustrating decrease in overall regulatory rules since 1994.

This in itself is neither a good nor a bad thing for GE. As the examples below demonstrate, regulations can often help GE and our customers by offering clarity or certainty, so GE must consider each regulation on a case-by-case basis

Our Approach

Generally speaking, GE promotes principles of good regulation and policies that clarify the regulatory landscape. We do best in systems where our technical experts are free to provide their input and where they will be heard and taken seriously. GE promotes transparency because we believe in a fair system where those affected by a regulation had the chance to participate in its creation by filing public comments or testimony.

Examples

Here are three examples illustrating GE’s approach to recent regulatory reform:

GE Power and Air Permitting Regulations

Currently, GE customers that want to purchase new, more efficient equipment must undergo the regulatory process of new air permitting. We support air permitting reform so that customers are no longer required to undergo this lengthy process when they install new equipment aimed at improving efficiency. Eliminating this constraint will help customers more easily adopt the innovative technology needed to advance in a competitive market.

GE Healthcare and DaTscan

DaTscan is an imaging agent that highlights specific details of a patient’s brain in order help doctors differentiate Parkinson’s Disease from other essential tremors. Until recently, DaTscan was successfully used in many countries but was not as widely available in the United States due to Drug Enforcement Agency regulations on the agent. GE was able to work with the DEA and the Department of Justice to ease the restrictions and make DaTscan more widely available in the U.S. healthcare market. Today, more patients are able to receive earlier diagnoses and treatment for diseases such as Parkinson’s as a result.

Examples of DaTscan brain-mapping technology at work
Examples of DaTscan brain-mapping technology at work

Drones and Future Airspace Regulations

With the use of drones becoming increasingly common in the United States, there is a widespread consensus among experts that the drone industry requires a modernized regulatory framework. Existing regulations must be updated and new regulations must be created in order for this young industry to continue to grow. GE is at the forefront of this effort with the launch of our new company AiRXOS. AiRXOS is currently participating in three Department of Transportation pilot programs that will influence future rules and regulations governing the safe operation of manned and unmanned equipment in the air and on the ground.

An example of a drone in flight under current regulations

For more information on Regulatory Reform, check out the following resources:

  • NAM on Regulatory Reform | National Association of Manufacturers: The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector. Read more about regulatory issues facing manufacturers across the country today.
  • US Chamber on Regulatory Reform | US Chamber of Commerce: The U.S. Chamber of Commerce is the world’s largest business organization, representing the interests of over 3 million businesses today. Read more about regulatory issues affecting the US Chamber of Commerce today.
  • TIME Magazine: Drones are Here to Stay: “The surge in drone use presents a challenge for regulators…The Department of Transportation is working with drone-flying companies in 10 states as it tries to strike a balance between safety and innovation, and groups like NASA are studying ways to safely integrate drones into an already crowded airspace.”
Energy
  • GE provides 1/3 of the world’s electricity.
  • Our technology equips 90% of power transmission utilities worldwide.
  • We build the world’s most efficient gas turbine.
  • We built the world’s tallest wind turbine.

GE is a leader in sustainability and is dedicated to providing technology and digital solutions to help customers reduce their emissions footprint, improve overall efficiency, and minimize their environmental impact across the energy spectrum.

GE works with customers, other industries and the U.S. government to promote sound energy and environmental policy to help grow the U.S. economy. By ensuring the delivery of reliable and affordable energy to the American people and businesses, GE enhances quality of life in the United States and globally.

GE’s voice is essential in these processes, and we work hard to ensure that governments understand both the potential and limits of technology and how that technology is applied by our customers.



What is GE doing to help improve sustainability and efficiency?

Increasing Efficiency

The future of electricity is digital, and across the electricity value network, GE is partnering with customers around the world on digital power plant solutions to increase output, reliability and efficiency while upholding our commitment to safety and environmental responsibility.

In June 2016, GE Power launched commercial operations of the first-ever, combined-cycle power plant equipped with GE’s HA gas turbines designed and engineered in Greenville, SC. The plant was recognized by the Guinness World Records as the world’s most efficient of its kind, at an efficiency rate of 62.22%, resulting in significant reductions in CO2 and other emissions. Read more here.


Expanding Renewable Energy

In 2015, GE Renewable Energy announced the world’s first Digital Wind Farm, a dynamic, connected and adaptable wind energy ecosystem that pairs world-class turbines with the digital infrastructure for the wind industry. The technology boosts a wind farm’s energy production by up to 20% and with digital technology supports a more seamless integration of wind energy into the grid.

Developing Customer Solutions

In Baker Hughes, a GE company, we are partnering with our customers to solve some of the toughest energy challenges at scale to create a cleaner, faster, smarter tomorrow. Through strategic partnerships with our customers, we are creating solutions that drive efficiencies in operations, lower production costs, and support the long-term sustainability of the industry.

Amongst the newest technologies are innovations like GE’s high-pressure ratio compressor that increases reliability and is one of the world’s largest suppliers of liquefaction technology. The development of such sustainable solutions is helping to lower fuel costs and bring the environmental benefits of cleaner burning natural gas to the world. Read more here.

Through our startup Current, we launched a new business model to accelerate the adoption of energy saving solutions. Current brings together GE’s LED, Solar, Energy Storage and Electric Vehicle businesses as an integrated offering for customers, and leverages GE’s Predix platform to collect data and help customers understand how they’re using, and losing, energy. This new offering will reduce energy consumption and related emissions, shave 10-20% off energy bills and help utilities better manage demand on the grid. Read more here.

Cybersecurity
Key Issues

Cybersecurity

The public nature of recent cybersecurity breaches, including the Equifax data breach and WannaCry ransomware, has brought cybersecurity to the forefront of national discussion. As technologies become further infused in our industrial machines and consumer goods, cybersecurity has grown as a concern both in the United States and around the world. As a result, efforts are in place to ensure that GE technology remains safe from potential harm.


More than 70 cybersecurity bills were introduced in Congress in 2017. Similarly, the Trump administration is gathering recommendations on how best to protect government and critical infrastructure networks. Any legislation or regulation impacting IoT devices and the data they produce could have significant implications for GE and its customers, suppliers, and employees. GE is actively advocating for policies that are globally compatible, preserve GE’s freedom to innovate, and promote asset and operations safety.

In our daily operations, we remain committed to:

  • Enhancing our hardware and software with embedded security
  • Protecting our products with cybersecurity solutions and robust testing
  • Responding to all anomalies with global security response centers
  • Collaborating with others to share vulnerabilities and key findings

Diversity
Key Issues

Diversity

With close to 300,000 employees worldwide and operations in over 180 countries, GE employees reflect both the local communities we serve and the people with whom we do business. We see diversity and inclusiveness as an essential part of our productivity, creativity, innovation and competitive advantage.

Click below to learn more about our diversity outreach: