GE Aviation will break ground this year on a new $100-million jet engine assembly facility in Lafayette.
Governor Mike Pence joined company officials along with state and local leaders at the Purdue Airport this morning for the announcement.
The 225,000 square-foot facility will assemble the new LEAP engine, which is now in the development testing phase.
GE will begin hiring at the Lafayette facility once the engine enters the production phase, possibly as early as 2015.
Within five years, the plant's workforce is expected to exceed 200 people.
The plant will be located in Park 350, which is off of US 52 south of the Tippecanoe Mall.
The Indiana Economic Development Corporation is offering conditional tax credits and training grants to advance the project.
Additional technical support and tax breaks could come from the city of Lafayette and Tippecanoe County.