Carrier Will Receive $7 Million in Tax Breaks to Keep Jobs in Indiana
“As TV crews and reporters camped out in the lobby of Trump Tower on Monday, recording VIP arrivals in hopes of detecting new members of the incoming Donald Trump administration, a middle-aged corporate executive drew little notice.
Greg Hayes, chief executive of United Technologies Corp., wasn’t there to see Mr. Trump. He rode the gold-colored elevators to see Vice President-elect Mike Pence, and the two men then shook hands on a deal that seemed impossible months earlier, say people familiar with the matter.
The Indiana governor was offering $7 million over 10 years to encourage the company to keep in the state roughly one-third of the 2,100 jobs it planned to ship to Mexico. United Technologies would also get credit from the state for keeping 300 research and headquarters jobs that it didn’t plan to shift abroad.”
…Continue reading @ NY Times
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