The company that owns Carrier will receive $7 million worth of tax breaks over 10 years from Indiana to keep 1,000 jobs in the state, the Wall Street Journal reported Thursday.

Carrier confirmed the news Thursday in a statement, writing that the deal is contingent upon factors including employment, job retention and capital investment.

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The company this week reached a deal with President-elect Donald Trump Donald John TrumpOmar fires back at Trump over rally remarks: 'This is my country' Pelosi: Trump hurrying to fill SCOTUS seat so he can repeal ObamaCare Trump mocks Biden appearance, mask use ahead of first debate MORE and Vice President-elect Mike Pence Michael (Mike) Richard PenceButtigieg stands in as Pence for Harris's debate practice Trump argues full Supreme Court needed to settle potential election disputes Pence adviser knocks ex-staffer who criticized Trump on COVID-19 MORE to keep the jobs in the state, after announcing earlier this year it would shut down a plant in Indianapolis and move manufacturing to Mexico.

Pence is the outgoing Indiana governor.

The heating and air conditioning company will invest $16 million to keep its operations in the state, the report said.

The deal would cover 800 workers from the Indianapolis furnace plant and an additional 300 research and headquarters positions that weren't planned to go to Mexico, according to the Journal.

But 600 jobs will still move from Indianapolis to Mexico.

Carrier also still plans to close a second plant in Huntington, Ind., shifting another 700 jobs to Mexico.

Pence and Trump will make a formal announcement Thursday afternoon in Indianapolis.

The president-elect has touted the agreement as a "great deal" for workers.

"Big day on Thursday for Indiana and the great workers of that wonderful state. We will keep our companies and jobs in the U.S. Thanks Carrier," Trump tweeted.

On the campaign trail, Trump frequently rallied against the move and pledged to force Carrier to keeps its jobs in the U.S.