Officials in Indiana and United Technologies agreed to a deal worth $7 million in tax breaks over 10 years to keep 1,000 Carrier jobs home, The Wall Street Journal reported.
Carrier will invest $16 million to keep certain operations in the Hoosier state rather than moving to Mexico, which would have saved the company $65 million, WSJ reported.
The company still plans to move another 1,300 jobs to Mexico, including shutting down a plant in Huntington, Ind.
President-elect Donald Trump and Vice President-elect Mike Pence, the former Indiana governor, are expected to announce the deal sometime Thursday.
© 2023 Newsmax. All rights reserved.