Indiana News

Subaru Incentive Deal Announced Ahead of State Board Vote


INDIANAPOLIS (AP): Indiana's business recruitment agency announced nearly $8 million of incentives last month for Subaru's expansion of its Lafayette factory even though it will be months before the agency's board reviews the deal.

The Indiana Economic Development Corporation says the tax credits and training grants were offered to Subaru toward the company's $140 million project to boost vehicle production in Lafayette and add up to 1,200 jobs over the next two years.

Agency executive vice president Chris Cotterill tells WTHR-TV he expects a board vote on the package in December and that it isn't unusual for deals to be announced ahead of board approval.

Greg LeRoy of the Washington-based economic development watchdog group Good Jobs First says such actions suggest the board is rubber stamping incentive packages without proper oversight.

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