GE Healthcare announces $50M investment in existing West Milwaukee facility
WEST MILWAUKEE, Wis. (CBS 58) -- GE Healthcare announced a $50 million investment in its existing West Milwaukee facility. The news shared Wednesday, Sept. 16, is part of the company's intention to concentrate teams and resources in key facilities across Wisconsin.
According to a news release, the investment in its Electric Avenue facility in West Milwaukee will create a world class, industry-leading product development and manufacturing campus for medical imaging.
GE Healthcare also intends to bring 1,500+ Wisconsin-based employees to its facilities at Electric Avenue in West Milwaukee and Research Park in Wauwatosa from elsewhere across the state in the coming years. The company also intends to sell portions of its Waukesha campus off I-94, with most existing teams and work based there transferred to other local sites. The Magnetic Resonance (MR) buildings and teams in Waukesha will remain there, including around 600 existing jobs. These moves and investment are subject to required bargaining with representative unions.
“We saw an opportunity to better use existing capacity and make significant investments that would both reaffirm our commitment to manufacturing and product development in the state, and create an advanced medtech hub in metro Milwaukee,” said Tom Westrick, President & CEO, Life Care Solutions, GE Healthcare.
The news release goes on to say, these proposed moves would create a global showcase for Computed Tomography (CT) wing-to-wing manufacturing and engineering by co-locating similar product and support teams to enhance collaboration and better serve healthcare providers and their patients. GE Healthcare recently acquired an 87,000 square foot facility next door to its existing Electric Avenue facility to expand the foundation for this product development and manufacturing campus.