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Subsidy Tracker Individual Entry

Company: Eli Lilly and Company
Parent Company: Eli Lilly
Subsidy Source: multiple
Location: Indiana
City: Lebanon
County: Boone
Address: 3600 N 150 W
Zip: 46052
Project Description: Pharmaceutical manufacturing facility expansion
Year: 2024
Major Industry of Parent: pharmaceuticals
Specific Industry of Parent: pharmaceuticals
Subsidy Value: $964,500,000
Subsidy Value in 2023 Dollars: $955,975,090
Program Name: multiple
Awarding Agency: Indiana Economic Development Corporation
Type of Subsidy: 
Number of Jobs or Training Slots: 200
Capital Investment: $5,300,000,000
Source of Data: A May 24, 2024 press release from theGov. Holcomb, "Gov. Holcomb Joins Lilly to Announce Additional $5.3 Billion Investment at LEAP District," (click here)
Notes: Eli Lilly's pharmaceutical research and manufacturing campus was originally announced in 2022 (see a separate megadeal entry) and expanded in 2023. In 2024, the company announced a second expansion and additional $5.3 billion investment and 200 new jobs. For this 2024 expansion, the state's IEDC offered the company: $500,000 in workforce development grants, $20 million in redevelopment tax credits, and $15 million in infrastructure upgrades. IEDC also increased the value of income, sales and property tax rebates, provided via Innovation Development District, from $271 million (offered in 2022 -- accounted for in the 2022 megadeal for the company) to $1.2 billion. We are assigning the difference of $929 million to this 2024 megadeal. Overlap with main data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.