Donald Trump hasn’t even taken up residence in the White House, but already the President-elect is saving American jobs.
Carrier Corp. won’t be eliminating some 800 jobs in Indianapolis despite having previously revealed a plan to move those jobs to Mexico.
It's true the company will receive $7 million in tax credits from Indiana over the next ten years but in a global economy, every jurisdiction has politicians willing to play "Let’s Make A Deal" to attract and retain investment.
There was something else behind their decision to stay. It had to do with parent company United Technologies having federal defence contracts worth $5.6 billion last year alone!
Maybe Trump’s people gently reminded the company about these multi-billion-dollar contracts?
This is what’s known in business as using leverage, a tactic Trump knows how to apply, unlike many in the public sector.
Barack Obama was a community organizer, which explains why he didn’t try it when Carrier first announced the move to Mexico.
Maybe a book like, “The Art of the Deal”, penned by someone whose name escapes me at the moment...