UPDATE: Trump, Pence to Talk Carrier Thursday

Trump and Pence are expected to make the official announcement Thursday.

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President-elect Donald Trump and Vice President-elect Governor Mike Pence will be in Indianapolis Thursday to announce a deal to keep approximately 1,000 Carrier Corp. jobs in the city. Sources familiar with the deal confirmed the agreement and plans for the announcement to Inside INdiana Business Tuesday evening. A tweet from Carrier also confirmed the deal, which changes course on an earlier decision by the company to move approximately 1,400 jobs from a longtime plant on the southwest side of the city to Monterrey, Mexico.

The President-elect is expected to be joined by Pence and the chief executive officers of United Technologies Corp. and Carrier Corp. at a Thursday afternoon announcement at the Carrier plant in Indianapolis.

Sources say the jobs-saving deal includes performance-based incentives from the state, which would be subject to an audit. Promises of relaxed federal regulations were not made, according to sources, who add company executives have "increased confidence" that a new administration and Republican-controlled Congress will mean a more "business-friendly" tax policy.

Pence led the negotiating effort, which began before Thanksgiving and concluded in New York City Monday afternoon.

IIB has also learned that a United Technologies Corp. plant in Huntington is not part of the deal. The UTEC plant makes microprocessor-based HVAC controls and is scheduled to lose about 700 jobs to Mexico in a move that was announced in concert with the Carrier decision in February.

Indianapolis Mayor Joe Hogsett issued the following statement on the Carrier developments late Tuesday evening:

"Since February, Indianapolis has been united in working with state and federal partners to help those families affected by Carrier’s shortsighted business decision. I am hopeful that President-elect Trump’s efforts will keep many of these jobs here in Indianapolis and I trust our national leaders will continue working alongside us to assist the Carrier workers whose jobs will still leave in the coming years, as well as the families affected by the recent Rexnord announcement and the thousands more in our community who deserve full-time employment and a living wage."

Trump took to Twitter Tuesday to comment about the upcoming announcement:

This developing story will be updated.