First Trump Crony Capitalist Deal: Indiana Gives $7 Million in Tax Breaks to Keep Carrier Jobs – WSJ

Indiana officials have agreed to give United Technologies Corp. $7 million worth of tax breaks over 10 years to encourage the company’s Carrier Corp. unit to keep about 1,000 jobs in the state, according to people familiar with the matter.

The heating and air conditioning company will invest about $16 million to keep its operations in the state, including a furnace plant in Indianapolis that it had previously planned to close and shift the work to Mexico, the people said.

Source: Indiana Gives $7 Million in Tax Breaks to Keep Carrier Jobs – WSJ

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