Company: United Technologies Corp Parent Company: Raytheon Technologies Subsidy Source: state Location: Connecticut City: East Hartford, Stratford, And Windsor Locks Project Description: facilities upgrade and expansion Year: 2014 Major Industry of Parent: aerospace and military contracting Specific Industry of Parent: aerospace & military contracting Subsidy Value: $400,000,000 Program Name: multiple Awarding Agency: multiple Type of Subsidy:
Capital Investment: $500,000,000 Source of Data: All information about this subsidy package was taken from: Christopher Keating, "UTC tax credit deal gets final OK," Hartford Courant, April 25, 2014. Notes: 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. Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.