On Feb. 24, the Ledger-Enquirer reported that Pratt & Whitney, an RTX company, will invest $200 million to expand its Columbus operations. The new project is expected to create 15 jobs, with more to come, according to a news release.
The L-E request the inducement agreement documents from the Development Authority of Columbus.
Here is an inside look at the deal:
What is an inducement agreement?
An inducement agreement is commonly signed when two parties formalize plans for a major investment project. The documents outline the incentives offered, approvals granted and commitments from each side…