The Wall Street Journal passes along the latest news on the Carrier deal:
Indiana officials 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 deal would cover 800 Carrier workers from the Indianapolis furnace plant and an additional 300 research and headquarters positions that weren’t slated to go to Mexico, according to another person briefed on the deal.
Two things. First, we’re now down to 800 jobs saved. The other 300 weren’t going to Mexico in the first place, while another thousand are still scheduled to head south of the border. Second, this comes to about $1,000 annually per job saved. As these kinds of deals go, that’s not too bad.
However! Keep your eyes open. Call me cynical if you want, but I have a feeling it might eventually turn out that Carrier got a few more tidbits out of Trump than just this.
