GE To Make New "Smart" Washers And Dryers In Louisville

General Electric says 430 new jobs will be created at its Appliance Park operation in Louisville when it adds a new line of energy-efficient washers and dryers.

Company officials announced Monday that they plan to invest $80 million in the operation, which will begin turning out front-loading washers in the third quarter of 2012, and new dryers about a year later.

GE is getting more than $26 million in state and local tax incentives for the project.

Governor Steve Beshear says its a good investment by the government. GE JOBS

“This project will pay for itself many times over in terms of the economic impact it will have on the commonwealth,” Beshear said during a press conference at Appliance Park.

The announcment comes about six months after GE said it would produce a line of new hybrid water heaters in Louisville, creating about 400 jobs.