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On Thursday, President-elect Donald Trump and Vice President-elect Mike Pence plan to hold a news conference touting the deal they struck this week with United Technology to keep fewer than 1,000 Carrier jobs in Indiana.

In exchange for not outsourcing some jobs, United Technology, which made a profit of $7.6 billion last year and owns Carrier, will reportedly receive $7 million over 10 years in state economic incentives. The company was also assured the Trump administration will lower corporations’ federal tax burden and ease regulations.

In a Wednesday press release, Carrier acknowledged both the federal and state incentives.

“Today’s announcement is possible because the incoming Trump-Pence administration has emphasized to us its commitment to support the business community and create an improved, more competitive U.S. business climate,” it says. “The incentives offered by the state were an important consideration.”

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