INDIANAPOLIS — Elanco Animal Health will put its global operations in Indianapolis, building a $100 million headquarters at the former site of the GM stamping plant
The site on the southwest corner of downtown Indianapolis has been vacant since the plant closed in 2011, and its future has remained unclear for years.
“Driving by the plant every single day is a sad reminder of what happened,” said city-county councilor Kristin Jones.
Jones said she moved to the West Indianapolis neighborhood 26 years ago for her husband, a former GM employee, to be closer to work.
“So this land is very very special to me,” said Jones. “I have a very special vested interest to make sure that – not only for my family, but for our neighborhood and community – that the right thing is done.”
Elanco, a company that develops products and knowledge services to prevent and treat disease in farm animals and pets, decided to put its headquarters in Indianapolis after a multi-state search.
It will consolidate its global operations and welcome more than 1,000 employees to the new location. It will invest more than $300 million into its Indiana operations as part of its expansion plans.
The company also plans to create up to 575 new, high-wage jobs in Indianapolis by the end of 2030. It will also retain more than 1,600 existing jobs.
“It is a momentous day for the state of Indiana as we celebrate Elanco’s decision to establish its global headquarters in central Indiana, positioning itself for future growth and consolidation in the Hoosier state and creating hundreds of high-paying jobs for Hoosiers,” said Gov. Eric Holcomb.
“For decades, the GM Stamping plant served as an anchor for near westside Indianapolis families,” said Indianapolis Mayor Joe Hogsett. “When the facility closed, residents mourned the loss – not just because of the economic impact, but out of concern for the long-term vibrancy of the community. Today’s announcement will mark a new chapter for the neighborhood, spurring greater connectivity beyond the Mile Square and catalyzing transformative development opportunities along the White River and beyond.”
“I want to thank Elanco for choosing Indianapolis for their global headquarters and look forward to supporting the company’s continued growth with our city’s collaborative partnerships, world-class talent and ecosystem of innovation.”
Elanco will keep existing manufacturing centers in Clinton, Indiana and Terre Haute. Indiana will become the center of its research and development activity.
The company expects to break ground on the new headquarters in the first half of 2021. The company, currently headquartered in Greenfield, expects the project to be completed within two or three years.