Subsidy Tracker Individual Entry

Company: 
Infosys
Parent Company: 
Infosys Limited
Subsidy Source: 
multiple
Location: 
Indiana
City: 
Indianapolis
County: 
Marion
Project Description: 

campus near Indianapolis International Airport

Year: 
2018
Major Industry of Parent: 
business services
Specific Industry of Parent: 
business process outsourcing
Subsidy Value: 
$101,800,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
3,000
Capital Investment: 
$245,000,000
Source of Data: 

The value of the subsidy package and the projected job and investment figures came from: James Briggs and Tony Cook, "$101.8M in incentives for Infosys project; New campus to include US education center," The Indianapolis Star (Indiana), April 27, 2018.

Notes: 

The state package includes up to $56.5 million in various tax credits, up to $6 million in tax credits for capital investment, up to $1.5 million in training grants and $20 million for infrastructure improvements. The city will provide additional $17.8 million in infrastructure improvements and real estate. The jobs are to be created by 2023. Overlap with main Subsidy Tracker data: five 2019 entries from Economic Development for a Growing Economy ($56.5 million), Hoosier Business Investment Tax Credit ($6 million), Industrial Development Project Guaranty Fund ($10 million and $12 million), Skills Enhancement Fund ($1.5 million).

Source Notes: 
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