General Electric has some good news and bad news for the Capital Region. The company plans to add 100 news jobs in the area, but the company's proposed solar plant is not coming to Schenectady. Erin Connolly has the details.

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SCHENECTADY COUNTY, N.Y. -- One hundred new jobs are coming to the Capital Region, thanks to GE. The jobs will be split between GE's Renewable Energy headquarters in Schenectady and the Global Research facility in Niskayuna.

F. Michael Tucker, the President and CEO of the Center for Economic Growth, said, ''Any way you look at it, GE's announcement to bring 100 new jobs to the region is a homerun.''

The positions will focus on solar development. In a statement, the Vice President of GE's Renewable Energy business said, "The Cuomo administration has demonstrated a change in business culture in New York State. New York is well positioned to continue to be part of GE's solar business growth.''

Tucker said, ''We're at a tipping point where we are on the map on the global map for future technology driven opportunities not only for manufacturing but for research and job creation.''

But, unfortunately, this latest jobs announcement coincides with news the Capital Region lost a bid for a General Electric solar panel plant to be built in the area. Instead, the company has decided to build the factory in a suburb of Denver, Colorado. It's expected to create more than 350 new jobs there. New York State and Colorado both lobbied hard for the plant. But in the end, GE officials say a driving factor in choosing the Rocky Mountain State was an existing building could be used, getting the product to market more quickly.

Tucker said, ''I think competition is a wonderful thing because it does make us all sharpen our pencils and put our best proposal forward. The state of New York did its best. GE recognized that. What we're looking at here is it will make us more competitive in the future and it has resulted in us getting 100 jobs.''

And the bottom line is, as GE continues to prove its commitment to investing in our area, it's a win-win for the Capital Region.