Carrier will recieve $7M in incentives to stay in the USA
The WSJ among many other new sources are a buzz with Trump's influence on Carrier to pursue government incentives between states instead of moving to Mexico. Tony Cook, from the Indianapolis Star, reported on the Carrier deal.
INDIANAPOLIS — The $7 million incentive package Carrier Corp. will receive as part of a deal the company reached with President-elect Donald Trumpand Vice President-elect Mike Pence represents a departure from how tax credits are typically used in Indiana.
It's also the kind of agreement Trump slammed on the campaign trail.
The furnace manufacturer will receive $5 million in tax credits over 10 years in exchange for keeping 1,069 jobs at its Indianapolis plant, with an average wage of $30.91 hour. The company also will receive $1 million in training grants and up to $1 million in additional tax credits based on Carrier's planned $16 million investment in the west-side factory.
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