ANNOUNCEMENT 05 Oct 2015
Rolls-Royce will receive approximately $35 million in state and city incentives, including conditional tax credits.
NUMBER OF INTERVENTIONS
On October 5, 2015 Rolls-Royce announced that the company will invest nearly $600 million to modernize its manufacturing operations in Indianapolis and to conduct technology research. Rolls-Royce produces engines for a wide range of military and commercial aircraft, as well as marine propulsion systems. As part of the agreement to make the investment, Rolls-Royce will receive approximately $35 million in state and city incentives. They include conditional tax credits and a skills enhancement grant through the Indiana Economic Development Corporation, both of which have been approved by the IEDC Board of Directors. Rolls-Royce and the city have agreed in principle to amend Rolls-Royce’s existing real and personal property tax abatement agreement.