Home » Employment News » Eli Lilly reveals $2.1 billion expansion in Indiana, adding thousands of new jobs

Eli Lilly reveals $2.1 billion expansion in Indiana, adding thousands of new jobs

By Nithya Bose in Employment News, posted May 26, 2022

Eli Lilly plans for an expansion in Boone County which will likely create 500 high-paying jobs and 1,500 roles in construction.

The company will invest $2.1 billion in two manufacturing sites side-by-side in Boone County which would support Lilly's growing pipeline of medicine.

The project is expected to generate 2,000 indirect jobs outside of the firm with suppliers and others who will help with the site.

CEO and President Dave Ricks said: "These sites will really do two things.

"One is to be a global source for active pharmaceutical ingredients ... as well as an exciting new site for advanced technologies, including gene therapies and advanced biotechnologies which are really the future of our industry."

Because of its proximity to Purdue University and existing Eli Lilly facilities, the Boone County location is seen by the company as a perfect place for the new site.

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The additional premises will be placed in the LEAP Lebanon Innovation and Research District, and construction is slated to commence in the first quarter of 2023.

However, the expansion is subject to rezoning and annexation permits.

State commissioners are now reviewing Lilly's proposals, which they learned about in February, and are actively collecting information concerning state discussions for property west of Lebanon.

Lilly's manufacturing complex would take up around 600 acres of that property.

Source: The Indianapolis Star

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