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MegadealsSubsidy 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 (Archived)
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;
(click here). 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
(click here)
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.