Eli Lilly and Company plans to establish two new manufacturing sites in Boone County, Indiana. The $2.1 billion project is expected to create 500 jobs.
The facilities will increase the company’s manufacturing capacity for active ingredients and new therapeutic modalities, like genetic medicines, representing the company’s dedication to expanding its portfolio of potentially life-changing treatments for patients around the world.
“For nearly 150 years, Lilly’s operations in Indiana and our continued commitments in the state have enabled us to develop and deliver innovative and life changing medicines for patients,” said company CEO and Chair Dave Ricks. “This investment furthers our commitment to Indiana while also fulfilling our purpose of making life better for millions of people.”
Pending approvals of local zoning and annexation, Lilly plans to build its new operations within the new LEAP (Limitless Exploration / Advanced Pace) mega-site, the recently reported innovation and research district in Boone County.
“Lilly has been an anchor in Indiana’s economy for generations, and this announcement means they will continue to be here for generations,” said Governor Eric Holcomb. “I am incredibly proud Lilly continues to make exciting investments in Indiana that will better the lives and opportunities of Hoosiers for decades to come. And in turn, the very research and pharmaceutical manufacturing spearheaded here in our state will improve lives worldwide.”
The Indiana Economic Development Corporation (IEDC) is working with Lilly to finalize an investment offer in the form of a performance-based incentive package.
“Today’s very significant investment by Lilly in Indiana is an endorsement of today’s Indiana but also consistent with our vision for Indiana’s vibrant economic future,” said Secretary Brad Chambers. “Lilly’s interest in the LEAP Lebanon Innovation District, if approved, validates our view that well located infrastructure is important to our future growth and innovation.”
Eli Lilly and Company employs more than 36,000 people worldwide, including more than 10,400 in Indiana.