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.
Dubbed "Arsenal-1," the $1 billion Pickaway County factory will be the largest job-creation project in Ohio history, state officials say.
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.
On top of bringing over 4,000 jobs, the development will also bring in more tax revenue helping schools and roads in the area.
Ohio’s largest single job creation project in state history could receive more than $450 million in tax breaks. The Ohio Tax Credit Authority approved a 2.594%, 30-year job creation tax credit for Anduril Industries,
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 Ohio Tax Credit Authority approved a 2.594%, 30-year “job creation” tax credit to support Anduril Industries’ planned manufacturing facility in Pickaway County. The tax credit has an estimated value of $452,263,789, Ohio government said.
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’s factory just south of Rickenbacker International Airport is expected to generate an additional 4,500 jobs among suppliers, services and indirect employment. Overall, the Ohio Department of Development projects $2 billion in economic activity and $800 million in tax revenue, according to a press release.
Anduril Industries to build a significant defense tech facility in Ohio, potentially creating over 4,000 jobs by 2035.