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Trump, Pence Take Action for Economic Development

Regardless of where you stood on the most recent Presidential Election, it should be nonetheless interesting that President-Elect Donald Trump's first action, outside of administration picks, is helping keep jobs in the US by talking directly with the CEO of United Technologies Corp.

United Technologies Corp. is the parent company of Carrier, the air conditioner and furnace manufacturer.

Why did Trump talk with the CEO of United Technologies Corp.? United Technologies Corp. was intending to eliminate 2,100 jobs spread across Indiana and move them to Mexico.

Knowing this, Mr. Trump and Vice President-Elect and Indiana Governor Mike Pence held meetings with United Technologies' leadership that, no doubt, influenced the manufacturer's decision.

Like any Governor who wants to (and should) retain jobs in their state, Mr. Pence and Mr. Trump, likely in partnership with the Indiana Economic Development Corporation, put together a package that includes $7 million in tax breaks. As a result, Carrier will invest $16 million in its current Indiana facilities.

Carrier will also keep around 800 of the jobs it planned to move out of the Indianapolis area. 600 jobs will still be moved to Mexico. United Technologies will also continue with closing a plant in Huntington, Indiana that also houses 700 jobs.

While scrutiny arises because Carrier is also a vendor to the US military, the underlying message here sends waves to US industries regarding offshoring: keep jobs here.

I have written time and again about the importance of retaining American jobs. This is not a political matter, but rather economical. Regardless of your political persuasion, retaining and growing jobs is important for everyone.

Again, politics aside, America should be adamant about keeping jobs, businesses, and corporate headquarters. Not as protectionist, isolationists, or anti-globalists, but because jobs (and their availability) is the backbone of our Nation's economic health.

Mr. Trump's first move is one of economic development.





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