Eli Lilly and Company is considering Generation Park for a $5.9 billion manufacturing plant. The company is eyeing 236 acres within the development. Generation Park is a 4,300-acre master-planned community located in Northeast Houston that’s targeting life science businesses.

The proposed project would consist of multiple buildings and outdoor facilities, the installation of machinery and equipment and the construction of critical infrastructure. Construction would start in 2026 and be completed by 2030, with operations beginning in 2031. If it moves forward, the project would create more than 2,000 construction jobs and 604 permanent jobs. 

Lilly has filed an application with Texas seeking tax incentives through the state’s new Jobs, Energy, Technology and Innovation program (JETI). Under the JETI program, school districts limit the taxable value of the site to 50 percent of appraised value or market value for 10 years. If approved by the state, it could potentially save the company millions of dollars.