Carrier Corporation was founded in 1915 when Willis Carrier, who invented air conditioning in 1902, pooled resources with 6 other engineers to create the first air conditioning company in the world in Newark, New Jersey.
Over the years the company has acquired several businesses, as well as been acquired by others, the latest in 1979 by United Technologies Corporation. The company manufactures, sells, and installs air conditioning and heating units around the world. In 2001 the company was recognized as being the largest manufacturer of refrigeration and heating units in the world.
In November of 2016, the company negotiated a deal with then president elect Trump that they would leave a heating manufacturing plant in Indiana, saving about 800 jobs. The remainder of the plant and jobs were sent to Monterrey, Mexico. Carrier received a $7 million tax incentive over the next 10 years.