Politics & Government
9:00 am
Wed January 25, 2012

Treasury Secretary Visits Siemens

Treasury Secretary Timothy Geithner will be in North Carolina today taking a tour of the new Siemens Charlotte Energy Hub.

Leoneda Inge:  The Siemens Charlotte Energy Hub has been on the Obama Administration’s radar for several months.  Last November was the ribbon-cutting for Siemens’ 350-million dollar gas turbine expansion.  Just recently, the company was granted its biggest contract yet, a one-billion dollar deal to make 10 gas turbines and 18 generators for Saudi Arabia.  Treasury Secretary Timothy Geithner will tour the new facility, holding it up as an example of a company that will export most of its products. The federal government helped secure funding for Siemens’ expansion.  One of its 700 new employees, Jackie Bray, was a guest of the First Lady and sat in her box during last night’s State of the Union address.