GE Oil & Gas plans to invest more than $50 million in a new advanced manufacturing facility located in Jacksonville, Florida. The new facility will manufacture GE's Mooney regulators and Becker control valves for the energy industry, among other oil and gas industry products. The facility is expected to open in November 2014 and will create at least 500 jobs over the next three years.

'The new GE Oil & Gas facility in Jacksonville will bring at least 500 jobs, giving even more Florida families the opportunity to live the American Dream,' said Florida Gov. Rick Scott. 'Last year we eliminated the sales tax on manufacturing equipment in order to build up manufacturing in our state, and now businesses like GE Oil & Gas can save money and be more competitive. Florida businesses have already created more than 640,000 private-sector jobs since December 2010, so let's keep working to provide even more opportunities for Florida families.'

Tags: GE Oil & Gas