Carrier getting $7M in tax breaks from Indiana to keep jobs: report

Carrier getting $7M in tax breaks from Indiana to keep jobs: report
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The company that owns Carrier will receive $7 million worth of tax breaks over 10 years from Indiana to keep 1,000 jobs in the state, the Wall Street Journal reported Thursday.

Carrier confirmed the news Thursday in a statement, writing that the deal is contingent upon factors including employment, job retention and capital investment. 


The company this week reached a deal with President-elect Donald TrumpDonald John TrumpJoint Chiefs chairman denies report that US is planning to keep 1K troops in Syria Kansas Department of Transportation calls Trump 'delusional communist' on Twitter Trump has privately voiced skepticism about driverless cars: report MORE and Vice President-elect Mike PenceMichael (Mike) Richard PenceButtigieg says campaign gained enough donors to be on debate stage Harris slams Pence for saying he won't have meetings alone with women Pence hosts openly gay Irish prime minister and his partner for breakfast MORE to keep the jobs in the state, after announcing earlier this year it would shut down a plant in Indianapolis and move manufacturing to Mexico.

Pence is the outgoing Indiana governor.

The heating and air conditioning company will invest $16 million to keep its operations in the state, the report said.

The deal would cover 800 workers from the Indianapolis furnace plant and an additional 300 research and headquarters positions that weren't planned to go to Mexico, according to the Journal. 

But 600 jobs will still move from Indianapolis to Mexico. 

Carrier also still plans to close a second plant in Huntington, Ind., shifting another 700 jobs to Mexico. 

Pence and Trump will make a formal announcement Thursday afternoon in Indianapolis. 

The president-elect has touted the agreement as a "great deal" for workers.

"Big day on Thursday for Indiana and the great workers of that wonderful state. We will keep our companies and jobs in the U.S. Thanks Carrier," Trump tweeted.  

On the campaign trail, Trump frequently rallied against the move and pledged to force Carrier to keeps its jobs in the U.S.