tax incentives

IEDC Approves Carrier's $7M Tax Incentives Deal

Mar 28, 2017

The Indiana Economic Development Corporation has approved $7 million in tax incentives for the Carrier company to keep about a thousand jobs in Indianapolis.

U.S. Sen. Joe Donnelly (D-Ind.) will introduce a bill in Congress later this month to punish companies for outsourcing American jobs, using federal contracts and tax breaks as leverage.

At a press conference in Indianapolis Friday, Donnelly spoke alongside workers from companies moving production from Indiana to Mexico, including Rexnord and Carrier.

Lita Freeman is one of 700 employees who will be laid off at Carrier’s factory in Huntington.

Fewer jobs will be saved at Indianapolis’ Carrier factory than originally announced.

The United Steelworkers union told members in a letter Monday that the number of jobs saved is actually 800, not more than 1,100 as President-elect Donald Trump said last week.

Steelworkers Local 1999 vice president Robert James says it means 500 union members will still lose their jobs.