Thursday, June 22, 2017

Trump's Carrier deal is not living up to the hype — jobs still going to Mexico

Carrier's plant in Indianapolis is preparing to lay off 600 employees beginning next month. Carrier, a division of UTC, will employ about 1,069 people for 10 years in exchange for $7 million in incentives. But there are crucial details in the fine print. State and local governments spend at least $70 billion on corporate incentives each year to lure companies, according to Good Jobs First. Is Trump changing the game? Is Trump changing the game for states? More than 600 employees at a Carrier plant in Indianapolis are bracing for layoffs beginning next month, despite being told by President Trump that nearly all the jobs at the plant had been saved. The deal, announced with great fanfare before Trump took office, was billed not only as a heroic move to keep jobs from going to Mexico but also as a seismic shift in the economic development landscape.

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