LEBANON, Ind. — Eli Lilly and Company has announced it will be investing $2.1 billion in two new manufacturing sites at Indiana’s LEAP Lebanon Innovation and Research District in Boone County.
The company stated the project is expected to create up to 500 new Lilly roles with an additional four indirect jobs for every Lilly position created. The facilities’ construction is estimated to require 1,500 construction jobs.
The new facilities will expand Lilly’s manufacturing network for active ingredients and new therapeutic modalities such as genetic medicines, the company said in a statement.
“Lilly has been an anchor in Indiana’s economy for generations, and this announcement means they will continue to be here for generations,” said Indiana Governor Eric J. 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 expansion in Boone County is contingent upon local zoning and annexation approvals, the company said in their release.
This new expansion isn’t the first time Eli Lilly has expanded its Indiana footprint. In 2019, the company announced a series of investments in research and manufacturing in and around Indianapolis. Those investments totaled more than $2.5 billion over five years and have created manufacturing jobs. To date, Lilly said it has more than 3,700 manufacturing employees in Indiana, according to the company.
The Boone County Commissioners released the following statement:
We have reviewed Eli Lilly’s plans and believe their proposed project will benefit our county’s residents. The development will provide approximately 500 jobs, delivering strong economic benefits to the county in terms of employment. We also believe this project will draw broader economic benefits.
We know the IEDC is actively negotiating with landowners in the immediate area of the project site. So far, the state has already optioned for 800 acres of total land to the north of Lebanon and east of I-65. 600 acres of that land will be utilized for the Eli Lilly manufacturing facility. The additional land will be utilized for a future project that is to be determined.
At this time, the Commissioners are still learning details of the remaining project proposals. The Commissioners first learned of the state’s plans in late February. Future developments just west of Lebanon are still being negotiated by the state and we are actively trying to gather more information. Although the expansion is contingent upon local zoning and annexation approvals, Eli Lilly would like to start construction in their first quarter 2023.
The County Commissioners have always prioritized the protection of the Boone County residents and their way of life.
“I believe in a free market economy, but I also believe in preserving Boone County’s long-standing cultural heritage,” Commissioner President Jeff Wolfe said. “Boone County is in a position now that this development will enhance our community’s economic vitality. I want our residents to know we are working diligently to ensure all standards are met and stick with the longstanding tradition of Boone County.”