Quote:Carrier Received $5.1 Million in Obama-Stimulus Cash Before Move To Mexico
Sure, Trump could offer more 'bribe money', and Carrier could take it, mouth some more platitudes, and change their minds again months later. How much taxpayer money, corporate welfare, do YOU want spent to try and reverse manufacturing trends that long predate Obama?
Spare us anymore 'thanks Obama' shit. And while you're at it, take a closer look at how the Trump tax plan will affect these workers. Jack shit, that's how, you willfully ignorant f*ckin' hypocrite.
by Mary Chastain15 Feb 20161,025
Heating and air-conditioning company Carrier, which has announced it will move 1,400 Americans’ jobs to Mexico, received $5.1 million from the Obama administration.
Local media reported the “Department of Energy awarded Carrier $5.1 million in clean energy tax credits in December 2013” for its Indianapolis facility. They planned to use the money to “expand production at its Indianapolis facility to meet increasing demand for its eco-friendly condensing gas furnace product line.”
From WIBC:
“Energy Efficient Buildings: With the support of $5.1 million in 48C Program tax credits, Carrier Corporation will 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 95 percent annual fuel utilization efficiency”
At the time, John Gibbons, director of Carrier’s residential product and platform strategy, said the cash “has been instrumental in helping Carrier’s Indianapolis manufacturing facility accelerate production of our high-efficiency gas furnace line.
Despite the money, the company announced last week they decided to move 1,400 jobs to Mexico. Local union representatives will discuss the move with Carrier. Fox 59 reported that some “employees will be entitled to severance benefits, including access to the company’s Employee Scholar Program, which pays for tuition, books and fees at accredited higher education institutions.”
An employee documented her co-worker’s outrage at the announcement.
https://www.facebook.com/lakeisha.austin.9/vi...mp;theater
“Today’s surprise announcement was without warning and incredibly disappointing,” said Mayor Joe Hogsett. “While I am obviously concerned about the economic impact, my top priority is the well-being of the hardworking families affected by this decision. A job lost in any part of our community affects us all, and I believe these are the times we must come together as one city to lift up our neighbors.”
Carrier Received $5.1 Million in Obama-Stimulus Cash Before
Top 10 Most Recent News Articles
Stephanie Knepp Joins Exceptional Women Alliance
A New Chapter for a Seasoned Leader When a high flyer like Stephanie Knepp steps into a new arena, you know folks are going to sit up and pay attention. This time, she's making waves by joining the Exceptional Women Alliance (EWA), a heavy-hitting community of women leaders. With her extensive background in scaling businesses and empowering leaders, she's bound to bring...
Continue Reading
MINISO Prepares to Reveal September 2026 Results
News flash, folks — MINISO Group, that quirky IP-driven retailer we all have an eye on, has set the stage for its next big reveal. Come November 17, 2026, they’re gonna lay down their financial cards for the September quarter. It’s prime time for any investor keen on dissecting their performance and plans for the future. What the Call Means for Stakeholders MINISO's...
Continue Reading
Are Insider Deals Jipping OPCH, PTC, RXO Shareholders?
Let's Scrutinize These Big Transactions Alright, let's cut to the chase. We're seeing some big moves from Option Care Health, PTC Inc., and RXO Inc. that have us wondering if the shareholders are getting the short end of the stick. That's what Halper Sadeh LLC seems to think. They're rolling up their sleeves, investigating whether these companies have tossed aside their...
Continue Reading
Synova Global Taps Eventus for Top Trade Surveillance
Synova and Eventus: A Powerful Partnership If you've ever traded a share or two, you know the name of the game is risk management. Step into Synova Global's latest move, and you'll see a gamble worth watching closely. This time around, Synova has tapped Eventus to bring their Validus trade surveillance platform into the fold. Now, Eventus and its star player, Validus,...
Continue Reading
Wincomm & Portwell Unveil Medical AI Tech at MEDICA 2026
MEDICA 2026: Wincomm and Portwell Join Forces November's got one heck of an event lined up with MEDICA 2026, where Wincomm and Portwell are teaming up to showcase what they've got up their sleeves in medical AI computing. This whole shebang runs from November 16 to 19, with their setup in Hall 12, Stand C76, Düsseldorf, Germany. But why should investors care? Because...
Continue Reading
Handle Plumbing Emergencies Swiftly, Expert Advises
Fast Response Crucial in Plumbing Crises It's like nature's way of testing your mettle: a sudden plumbing emergency can make any homeowner feel like they're in over their head. The trick lies in how fast you act, and let me tell you, speed is everything in these situations. If you’ve never stared down a burst pipe or felt your heart drop at an overflowing toilet,...
Continue Reading
Asia-Pacific Tackles Aging: Cooperation and Innovations
Aging Population Poses Global Challenge Population aging is riding the forefront of some serious conversations lately, with the 2026 Asia-Pacific Regional Conference on Population Ageing in Hangzhou underscoring just how big this wave is—and will be. Held at the end of October, this gathering wasn’t just folks sitting around a table. They were hammering out what the...
Continue Reading
Meteor Education Bolsters CTE Reach with AET Labs Buy
Meteor's Move: AET Labs Picked Up in CTE Plays You see, Meteor Education ain't sitting on its hands, that's for sure. They're out here hoarding strategic pieces like it's a chess match, snatching up AET Labs to bolster their already sturdy CTE playbook. No financial details spilled, but hell, that’s par for the course. This move plants them even more firmly in New...
Continue Reading
Business Formations in 2026: A Blow-by-Blow Analysis
Surging Entrepreneurial Spirit in 2026 Just when you’d think economic jitters would slow us down, American entrepreneurship is out there smashing records like a bulldozer through a picket fence. September 2026 saw a staggering 562,579 new business formations—the highest September tally ever logged. That's no fluke. This momentum hasn’t let up all year, and it paints...
Continue Reading
GreenCore's Agentic Shopping Hub: Disrupting FMCG Market
GreenCore's Bold Move in FMCG Retail Just when you thought retail couldn't get any more futuristic, here comes GreenCore Solutions Corp. (GSC) shaking up the game with their Agentic Shopping Hub. For the uninitiated, we're not just talking about another e-commerce gimmick—this is a cultural shift. FMCG brands are being told to 'bring their agent' into a realm where AI...
Continue ReadingTop 5 Most Recently Viewed Articles
New Leadership at River Valley Community Bancorp: Sinclair Joins Board
River Valley Community Bancorp Welcomes New Director River Valley Community Bancorp (OTC markets: RVCB) has exciting news regarding its board of directors. The bank has successfully appointed Robert F. Sinclair as a member of the board, an announcement that has generated positive buzz within the community. This transition is effective from the beginning of next month,...
Continue Reading
Investigation Announced for Fermi Inc. After IPO Issues
Edelson Lechtzin LLP Begins Investigation into Fermi Inc. Edelson Lechtzin LLP is actively investigating potential infractions of federal securities regulations concerning Fermi Inc. (NASDAQ: FRMI). Allegations have surfaced regarding the company possibly disseminating misleading business information that misinformed investors. The Background of Fermi Inc. Fermi Inc....
Continue Reading
UFC GYM® Expands Globally with 45 New Locations in 2025
UFC GYM® Sets the Stage for Global Expansion UFC GYM® is embarking on an exciting journey in the coming year, with plans to open over 45 locations worldwide. This ambitious expansion reflects the brand's commitment to making its unique fitness experience available in 42 countries across the globe. As UFC GYM continues to revolutionize both the fitness and mixed martial...
Continue Reading
Maximus Wins $300 Million IRS Contract for Enhanced Services
Maximus Earns a $300 Million IRS Contract Maximus (NYSE: MMS), a leading government services provider, has recently been selected by the Internal Revenue Service (IRS) for a significant Blanket Purchase Agreement (BPA) worth $300 million. This BPA, which spans a total of five years, allows Maximus to offer vital Non-IT Consulting Services aimed at improving the taxpayer...
Continue Reading
TROOPS, Inc. Expands Horizons with Strategic Taiwan Acquisition
TROOPS, Inc. Expands Horizons with Strategic Taiwan Acquisition TROOPS, Inc. (NASDAQ: TROO), a prominent player in diverse business sectors, has announced a significant upcoming acquisition. Its subsidiary, Giant Connection Limited, has entered into a Letter of Intent with WORLD HONOR HOLDINGS LIMITED to acquire a 49% stake in WORK, Inc., a co-working space operator based...
Continue Reading