[Parmy]

The agreement reportedly includes $7 million in state tax breaks over ten years offered by the Indiana Economic Development Corporation, a quasi-public entity that doesn't require legislative approval...

Wow! UTC blinked for 7 hundred thousand a year in tax breaks and the threat of losing some govt. contracts.

The art of the deal prevails. 7 hundred to a multi-billion dollar company is pretty cheap.

[JBW1949]

Not tax “breaks”...It’s tax “relief”...

Rush explained the difference today...

[dirtboy]

It basically works out to $700/year per job retained. If the jobs pay $50K per year, they would bring in over $1,600 in state tax revenues. State of Indiana still comes out ahead.