Subsidy Tracker Individual Entry

Company: 
United Technologies
Parent Company: 
Raytheon Technologies
Subsidy Source: 
local
Location: 
North Carolina
City: 
Charlotte
Year: 
2012
Major Industry of Parent: 
aerospace and military contracting
Specific Industry of Parent: 
aerospace & military contracting
Subsidy Value: 
$1,155,423
Program Name: 
Charlotte: Business Investment Grant/ Economic Development Grant
Awarding Agency: 
Neighborhood & Business Services
Type of Subsidy: 
grant
Number of Jobs or Training Slots: 
325
Wage Data: 
$200,000
Wage Data Type: 
salary
Capital Investment: 
$16,000,000
Source of Data: 

Direct from agency; not on web

Notes: 

Subsidy value is 280,423 Business Investment Grant paid over 5 years (fiscal year 2014 to fiscal year 2018) and 875,000 ED Matching Grant paid over 2 years (fiscal year 2013 to fiscal year 2014). Jobs figure is 325 full-time jobs created by 2016 (of 325, 100 of them are from Goodrich, the company acquired by United Technologies where 200 lost their job with the acquisition of Goodrich by United Technologies). Wage figure is average salary for all jobs. Capital investment is projected investment value.

Source Notes: 
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