The brothers say they are cut from the same cloth with the same passions and goals.
Ohio Governor Mike DeWine and Ohio Department of Development Director Lydia Mihalik announced the approval of significant state tax incentives
The ultimate value of the tax breaks depends on the number of jobs and size of the payroll created. "This is a great project," said Susan Restrepo, chief investment officer for the Ohio Department of Development.
Ohio’s largest single job creation project in state history could receive more than $450 million in tax breaks.
The Ohio Tax Credit Authority greenlit a 2.59% refundable Job Creation Tax Credit on Monday for Anduril Industries, with terms that begin in 2026 and end in 2055.
Dubbed "Arsenal-1," the $1 billion Pickaway County factory will be the largest job-creation project in Ohio history, state officials say.
The project, expected to bring over 4,000 new jobs to Ohio by 2035, marks the largest single job creation and new payroll initiative in the state's history.
The facility will focus on producing autonomous weapons systems, representing a nearly $900 million investment that is expected to contribute $1 billion annually to Ohio’s economy.
Anduril Industries will build a five-million-square-foot facility called Arsenal-1, hoping to bring more than 4,000 new production and service jobs to Ohio by 2035.
The Ohio Tax Credit Authority Monday approved a 30-year, 2.594% Job Creation Tax Credit for Anduril Industries Inc., which plans to build a 500-acre manufacturing complex in northern Pickaway County that could grow to 5 million square feet over time. The estimated value of the tax credit over its term and if all goals are met is $452.2 million.
COLUMBUS, Ohio (WKBN) — Two big projects in Ohio are set to receive millions of dollars in tax breaks to set up shop in the state.
The Ohio Tax Credit Authority greenlit a 2.59% refundable Job Creation Tax Credit on Monday for Anduril Industries, with terms that begin in 2026 and end in 2055.