Major indices finish lower amid GE earnings disappointment >>> READ MORE

General Electric Gives Newtown, Conn. $15M for Community Center

The town will use $10 million of the donation to build the community center


General Electric (GE) has given Newtown, Conn., where the Sandy Hook Elementary School shooting took place last year, $15 million to for a community center.

According to town officials, it became obvious after the shooting that took place last year that the city needed a central place to meet. GE, which has over 150 employees in the city, donated the $15 million to help the city create a community center. The city plans to use $10 million to build the community center and the other $5 million to operate the facility for five years. The community center will give the town a place for recreation, the arts, community-outreach services and other programs, reports the Washington Post.

“GE has been part of the Newtown community for many years and we are committed to supporting our friends, family and neighbors as they continue to heal,” Jeff Immelt, CEO of GE, told The Newtown Bee.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC