Why one council member voted no on $17.1M in incentives for Honeywell HQ

The Charlotte City Council approved Monday night tens of millions in incentives for Honeywell’s headquarters move to Charlotte.

As part of the council’s zoning meeting, the business investment grant — $17.1 million over 15 years — was approved 10-1 by council, with Councilman Ed Driggs voting against. Monday’s vote also authorized City Manager Marcus Jones to approve all contracts and leases relating to Honeywell’s move.

Honeywell International Inc. (NYSE: HON), a Fortune 100 company that…

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