Eli Lilly investment in Lebanon up to $9B

(The Center Square) – Eli Lilly and Company kicked off the second day of the Indiana Global Economic Summit by announcing a $5.3 billion investment slated for a major tech park.

The Indianapolis-based drug maker’s announcement Friday means the company’s project at the LEAP Research and Innovation District in Lebanon is now a $9 billion venture. The expansion will lead to 200 new jobs, bringing the total number of positions slated there to 900.

It’s the second time in a little more than a year that Lilly has announced an expansion for its planned campus at the park located halfway between Indianapolis and Purdue University. Initially, the company announced plans in May 2022 for a $2.1 billion facility that would employ 500. At the official groundbreaking in April 2023, company leaders revealed they would spend another $1.6 billion and fill 200 more new positions.

The Fortune 500 company said it would
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