Subsidy Tracker Individual Entry
facilities upgrade and expansion
All information about this subsidy package was taken from: Christopher Keating, "UTC tax credit deal gets final OK," Hartford Courant, April 25, 2014.
In 2014, the Connecticut General Assembly passed a bill that created sales and corporate tax credits for specific manufacturing companies. The new law, targeted specifically at UTC, allowed the company to claim up to $400 million in tax credits over five years. In exchange UTC must keep its headquarters in the state and must make $500 million investment to its various facilities in the state. Overlaps with main Subsidy Tracker data: none.