Roche Diagnostics Invests $300 Million On Improvements To Its Indianapolis, Indiana, Headquarters
Roche Diagnostics and Roche Diabetes Care's160-acre Indianapolis campus at 9115 Hague Road is home to research and development, manufacturing, distribution, information technology, shared services and administrative operations.
As part of its improvement plans, the company will refurbish existing buildings, purchase manufacturing equipment for new diabetes care test strips and upgrade its information technology equipment. Improvements are designed to support the company's growing diagnostics and diabetes care businesses. Roche Diagnostics will begin its campus transformation this fall with the construction of a new commercial education center where approximately 1,500 customers from across the nation will be trained annually.
"From a one-man, start-up company in a garage to a global industry leader in less than 50 years illustrates the power of Hoosier ingenuity and entrepreneurship," said Gov. Mitch Daniels. "Roche's continued growth has shown that Indiana is the epicenter for the life sciences industry and the premier state for growing an innovative business."
"As the leader in the in-vitro diagnostics industry, we're proud to be a part of the growing life sciences movement in central Indiana," said Jack Phillips, president and chief executive officer of Roche Diagnostics. "We appreciate the partnership from the city and state as we look to increase jobs and enhance our Indianapolis campus facilities. The bottom line is we're here to stay and committed to being the best place to work in Indiana."
As an incentive the Indiana Economic Development Corporation offered Roche Diagnostics Operations, up to $2 million in conditional tax credits and up to $300,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, the city of Indianapolis will consider additional property tax abatement at the request of Develop Indy.
"Indianapolis' stable tax climate and pro-growth economic environment offers businesses of all types opportunity to thrive," said Indianapolis Mayor Greg Ballard. "We are thrilled with this investment by Roche and are proud to have corporate partners who share our commitment to building a community that is open for business, providing quality jobs for our talented workforce."
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