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Indiana Offers Tax Breaks to Keep Jobs in the State

United Technologies will receive $7 million in tax breaks and create 1,000 jobs

Donald Trump
AP
December 1, 2016

Indiana is offering United Technologies tax breaks to help keep jobs in the state, the Wall Street Journal reported.

Over the next ten years, United Technologies will receive $ 7million in tax breaks. In return, the company will invest about $16 million in the state and produce 1,000 jobs.

Eight-hundred of those jobs cover Carrier workers in the Indianapolis furnace plant and 300 cover research and headquarter positions.

"Carrier has previously said it expected to save about $65 million a year by shutting the plant and shifting its operations to Monterrey, in the state of Nuevo Leon, where wages average about $11 a day, plus benefits," the article said. "The average wage of the Indiana jobs that will be retained is $30 an hour."

Jason Miller, a transition spokesman for president-elect Donald Trump, said the deal was a big win for the administration and for the people of Indiana.

"Incentives offered by the state were an important consideration," said the company. "This agreement in no way diminishes our belief in the benefits of free trade and that the forces of globalization will continue to require solutions for the long-term competitiveness of the U.S. and of American workers moving forward."