Subsidy Tracker Individual Entry

Company: 
Carrier Corporation
Parent Company: 
Carrier Global Corporation
Subsidy Source: 
federal
State in Which Facility Is Located: 
Indiana
City: 
Indianapolis
Project Description: 

Carrier, a part of UTC Building & Industrial Systems and a subsidiary of United Technologies Corporation, was selected for a $5.1 million dollar 48C Advanced Energy Manufacturing Tax Credit to expand production at its Indianapolis facility to meet increasing demand for its eco-friendly condensing gas furnace product line. The new line includes the most energy efficient gas furnaces on the market -- all with at least 92% annual fuel utilization efficiency.

Year: 
2013
Major Industry of Parent: 
building materials
Specific Industry of Parent: 
air conditioning equipment
Subsidy Value: 
$5,100,000
Program Name: 
Advanced Energy Manufacturing Tax Credit (48C Program)
Awarding Agency: 
Energy Department
Type of Subsidy: 
federal allocated tax credit
Source of Data: 

Attachment to December 12, 2013 Energy Department press release: http://energy.gov/sites/prod/files/2013/12/f5/48C%20Phase%20II%20Selecti...

Notes: 

Year is year credit approval was announced.

Source Notes: 
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