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MegadealsSubsidy 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;
(click here)
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: If an online information source is not working, check the Tracker
inventory page for an updated link.