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Chicago & Midwest  + Midwest  + Healthcare  |  May 28, 2024
Jasmine Kilman
By: Jasmine Kilman

Gov. Holcomb, Eli Lilly Announce $5.3B Investment in LEAP District

Indiana Governor Eric Holcomb recently joined Eli Lilly’s Chair and CEO David Ricks to announce plans for Lilly to double its investment at the LEAP Research and Innovation District.

The new $5.3 billion expansion brings Lilly’s total LEAP investment to $9 billion and will enhance the company’s capacity to manufacture active pharmaceutical ingredients for its latest type 2 diabetes and obesity treatments.

Lilly also committed to creating another 200 new, full-time jobs for skilled workers, such as engineers, scientists, operating personnel and lab technicians, bringing the company’s total planned new jobs at LEAP to 900.

The Indiana Economic Development Corporation (IEDC) committed an additional investment in Lilly of up to $500,000 in the form of incentive-based training grants. The IEDC also committed an additional investment of up to $20 million in redevelopment tax credits and $15 million in road infrastructure improvements based on the company’s announced plans to invest an additional $5.2 billion.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!

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LillyState of Indiana

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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