State Sen. Brandt Hershman (R-Buck Creek) made the following statement today regarding GE Aviation’s decision to build its first-ever Indiana production facility in Lafayette:
STATEHOUSE (March 26, 2014) — “When employers are looking to relocate or invest in a new area, Indiana truly stands out from its competitors. We have one of the most attractive business climates in the United States, and our talented workforce offers the kind of employees that companies want to hire.
“Our aviation industry is no exception to these trends. Our state has made significant gains in attracting this type of investment, and the announcement made today indicates that we are on the right track to sustain that growth. I believe GE Aviation will especially benefit from the research and development talent at Purdue University, and I look forward to seeing them work together and prosper.”
In the 2013 legislative session, Hershman sponsored House Enrolled Act 1545, which removed a 7-percent tax on aircraft parts and repairs as well as the state’s aviation fuel excise tax. Prior to the enactment of the law, Indiana had the highest combined fuel tax rate in the nation. This year, Hershman authored Senate Enrolled Act 1, which will phase down the corporate income tax to 4.9 percent over six years and give Indiana the second-lowest rate in the nation.
Today, Hershman joined Gov. Mike Pence and executives from GE Aviation – the world’s largest jet engine manufacturer – at the Purdue University Airport to announce that the company intends to build its first-ever Indiana production facility in Lafayette. The company is expected to add up to 200 jobs by 2020.