N.C. to hand $27 million in incentives to UTC

The Charlotte Biz Journal has a nice assessment of the incentive package UTC is getting from North Carolina to locate its aerospace division headquarters there.

The package includes a $1.27 million grant over two years, that was just passed by the Charlotte City Council a week ago.

UTC is buying North Carolina-based Goodrich in a $16 billion deal. As part of this merger, the company agreed to create an aerospace division, which included Hamilton and Goodrich and base it in North Carolina.

The deal between the two international companies has to win approvals in several countries and has already secured a conditional approval from China and awaits a key decision in Europe by Aug. 31.

Here’s the Charlotte Biz Journal offering on the incentives.


Rob Varnon