Lilly Plans to Invest $2.1 billion in New Manufacturing Sites in Indiana

Specifications:

Name:

Lilly Plans to Invest $2.1 billion in New Manufacturing Sites in Indiana

Location:

Indiana

Company:

Eli Lilly and Company

Estimated Cost:

$2.1 Billion

Source:

https://investor.lilly.com/

Introduction:

Eli Lilly and Company plans to expand its manufacturing footprint in Indiana by investing $2.1 billion in two new manufacturing sites at Indiana's LEAP Lebanon Innovation and Research District in Boone County.

Features:

These new facilities will expand Lilly's manufacturing network for active ingredients and new therapeutic modalities, such as genetic medicines, and represent the company's dedication to strengthening its portfolio of potentially life-changing treatments.

The proposed project is expected to create up to 500 new Lilly roles with an additional four indirect jobs for every Lilly position created, based on industry data. An estimated 1,500 construction jobs will be required while the facilities are being built.

These new sites will support increased demand for existing Lilly products and play a key role in bringing Lilly's robust clinical pipeline to patients around the world. The investment in Boone County is contingent upon local zoning and annexation approvals. Lilly is partnering with several organizations throughout the project, including the Indiana Economic Development Corporation.