Congressman Tim Ryan Urges General Electric to Reconsider Ohio For National Headquarters
Warren, Ohio – Congressman Tim Ryan today urged Jeffrey Immelt, Chairman and CEO of General Electric to reconsider Cincinnati and the state of Ohio for its corporate headquarters. Congressman Ryan sent the following letter after reports arose over the weekend that General Electric decided not to move its headquarters to Cincinnati due to the opposition of the Export-Import Bank by. Governor Kasich and Republican members of Ohio’s congressional delegation.
Mr. Jeffrey Immelt
Chairman and CEO
3135 Easton Turnpike
Fairfield, Connecticut 06828
Dear Mr. Immelt,
I am deeply disappointed by news reports that General Electric will not move its headquarters to Cincinnati because of the opposition to the Export-Import Bank by Ohio’s Governor and Republican Members of our Congressional delegation. I assure you that these elected officials’ position does not reflect the majority of leaders in our great state. I am disappointed that Speaker John Boehner, while supporting the reauthorization, cannot convince enough members of his own party to be able to pass this important initiative. Many leading Democrats, Republican officials and private sector business owners all support the reauthorization of this agency – as well as other policies that benefit American exporters.
The Export-Import Bank plays a critical role in U.S. trade by allowing American companies to compete in foreign markets and has supported 350 Ohio businesses and 1.3 million jobs nationally since 2007. I was deeply disappointed when the Export-Import Bank authority lapsed due to the failure of Congress to extend the bank’s charter. This has put American companies at a devastating disadvantage in global markets. The Export-Import Bank is an important part of the U.S. economy that we simply cannot do without.
I respectfully ask General Electric to reconsider Cincinnati for its corporate headquarters. While Cincinnati is not in my district, having GE's headquarters there would make a huge impact in Southwest Ohio and throughout our state. And should GE specifically want to be located in a Congressional District represented by a Member of Congress that supports the Export-Import Bank, I would welcome the opportunity to show you the thriving technology companies, research institutions, extensive manufacturing supply chain and high quality of life in Ohio’s 13th Congressional District.
Member of Congress