ANNOUNCEMENT 27 Apr 2018

In 2018 the Indiana Economic Development Corporation provided incentives to consulting and technology firm Infosys.

 

NUMBER OF INTERVENTIONS

3

  • 3 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

https://www.iedc.in.gov/news/details-preview/2018/04/27/infosys

Inception date: 27 Apr 2018 | Removal date: open ended

Financial grant

On April 27, 2018 the Indiana Economic Development Corporation (IEDC) reached an agreement with consulting and technology firm Infosys to establish a U.S. Education Center in Indianapolis to train its U.S. workers. The IEDC will provide up to $20 million over 10 years from the Industrial Development Grant Fund to support these improvements at and surrounding the campus development. The IEDC will also offer up to $1.5 million in training grants based on the company's plans to create 3,000 new jobs by 2023.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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Inception date: 27 Apr 2018 | Removal date: open ended

Tax or social insurance relief

The IEDC will offer Infosys up to $56.5 million in conditional tax credits and up to $6 million in conditional tax credits from the Hoosier Business Investment program. These incentives are performance-based.

 
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Inception date: 27 Apr 2018 | Removal date: open ended

In-kind grant

The city of Indianapolis will provide $8 million in infrastructure improvements and up to $9.8 million in real estate.

 
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