Subsidy Tracker Individual Entry

Company: 
Elanco Animal Health Inc
Parent Company: 
Elanco Animal Health
Subsidy Source: 
multiple
Location: 
Indiana
City: 
Indianapolis
County: 
Marion
Project Description: 

new headquarters

Year: 
2020
Major Industry of Parent: 
pharmaceuticals
Specific Industry of Parent: 
animal health products
Subsidy Value: 
$163,100,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
573
Capital Investment: 
$100,000,000
Source of Data: 

Lindsey Erdody, "Combined state, local incentives for Elanco total at least $150M," Indianapolis Business Journal, December 4, 2020; https://www.ibj.com/articles/combined-state-local-incentives-for-elanco-...

Notes: 

To keep the company's HQ in the state, Indiana and Indianapolis offered state and local subsidies including: $73 million in tax credits over 10 years, $7 million in redevelopment tax credits, $4 million in training grants, $2 million from Hoosier Business Investment tax credits, $500,000 in relocation assistance, free land valued at $12.6 million, and $64 million from the city via tax increment financing. The company will create 573 new jobs and retain 1,623. The $100 million investment is for HQ development; the company promised to invest additional $200 million statewide. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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