“There has been somewhat of a slowdown in growth because of a lack of available workers — it's not all for bad reasons,” he said.
Christine Furstoss, senior executive and technical director for manufacturing and materials technologies for General Electric Co., also spoke at the manufacturing conference on Wednesday.
GE announced in April that it plans to build a $110-million research center in Oklahoma that will focus on researching new ways to improve oil and gas extraction. The center will be one of eight such facilities in the world and will employ up to 125 engineers and scientists. A location for the research center has yet to be announced.
Furstoss said at the conference that the research center could benefit manufacturers in Oklahoma as the company moves away from manufacturing products outside of the United States due to rising labor costs in the developing world.
“The benefits of having manufacturing right there where you are doing your design are huge,” Furstoss said.