Carrier Corp. has been given a $5.1 million tax credit to expand production at its Indianapolis plant, where the company’s high-efficiency gas furnace line is made.
The tax credit is part of the American Recovery and Reinvestment Act of 2009 — commonly known as the economic stimulus package — and provides credits to companies investing in clean energy technology.
The credit was announced at the American Energy and Manufacturing Competitiveness Summit in December 2013 in Washington, D.C. The event featured representatives from industry, academic, labor, government and media to discuss the energy and manufacturing challenges affecting the U.S.
“I am extremely proud of the hardworking Hoosiers across the state who are contributing to the continued growth of America’s manufacturing sector,” said U.S. Sen. Joe Donnelly (D-Ind.). “The tax credits will help these companies invest further in more good-paying manufacturing jobs right here in Indiana. When we invest in American manufacturing, we support a strong middle class.”
John Gibbons, director of residential product and platform strategy at Carrier, said the tax credit will boost the company’s efforts.
“This innovative program has been instrumental in helping Carrier’s Indianapolis manufacturing facility accelerate production of our high-efficiency gas furnace line,” Gibbons said. “The investment is helping us meet demand for our new condensing gas furnace line, which offers at least 92 percent annual fuel utilization efficiency, while also supporting our long-standing commitment to sustainability through improved energy efficiency and performance.”