Charlotte, N.C., city leaders have narrowly agreed to pay Hartford’s United Technologies Corp. $875,000 — along with $732,000 in city and county tax rebates — to bring an aerospace headquarters to the city that was previously home to Goodrich Corp., The Winston-Salem (N.C.) Journal reports.
UTC announced plans in 2011 to buy Charlotte-based Goodrich, a maker of aerospace parts and technology for civilian and military planes, Journalnow.com reports. UTC has said it will combine Goodrich with another business, Hamilton Sundstrand, for a new aerospace division office.
The company considered Northern Virginia, West Palm Beach, Fla., and Charlotte. The city said the company picked Charlotte in part because of money the city offered.
The Charlotte City Council approved the incentives June 25 in a 6-5 vote. Voting against paying the company were Republican Warren Cooksey and Democrats John Autry, Michael Barnes, Patsy Kinsey and LaWana Mayfield.
The vote was close because the incentive package is a break with typical Charlotte policy.
The state is kicking in $2.5 million as part of a One North Carolina grant.
City information on the deal says the company will invest no less than $4 million in new taxable property and will create 325 full-time jobs, with an average wage of $200,000.
