Subsidy Tracker Individual Entry
Company:
Honeywell International Inc.
Parent Company:
Honeywell International
Subsidy Source:
multiple
Location:
North Carolina
City:
Charlotte
County:
Mecklenburg?
Project Description:
HQ relocation
Year:
2018
Major Industry of Parent:
diversified
Specific Industry of Parent:
diversified
Subsidy Value:
$87,500,000
Program Name:
multiple
Awarding Agency:
multiple
Type of Subsidy:
megadeal 
Number of Jobs or Training Slots:
750
Capital Investment:
$248,000,000
Source of Data:
The subsidy value came from: Deon Roberts, "Honeywell pushed for more incentives; Change in N.C. incentive law key to snagging Honeywell headquarters for Charlotte, documents show," The Charlotte Observer. January 12, 2019. See also: David Boraks, "Honeywell Moving Headquarters To Charlotte," WFAE, November, 30, 2018; https://www.wfae.org/post/honeywell-moving-headquarters-charlotte#stream/0. Jobs and investment came from Gov. Roy Coooper press release "Fortune 100 Honeywell Announces Plan to Bring New Headquarters to Charlotte" on Nov. 30, 2018; online at https://governor.nc.gov/news/fortune-100-honeywell-announces-plan-bring-...
Notes:
Honeywell will relocate its headquarters from Morris Plains, N.J. to Charlotte for which North Carolina approved $42.5 million via a Job Development Investment Grant paid over 12 years. In addition, the county will provide $28 million and the city $17 million via a business investment program grant, paid over 15 years. 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.
