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: 
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