Elanco Animal Health plans to build in its global headquarters in downtown Indianapolis.
The competitive incentive package offered by the state and city includes a 45-acre former industrial site located in the southwest corner of downtown Indianapolis on the White River, with a restricted option for an additional 20 acres.
The state and city will support redevelopments in the area and work to increase neighborhood connectivity. The package also includes tax credits for retention of over 1,600 existing jobs in Indiana, as well as the addition of 570+ Indiana jobs over the next 10 years. The package allows for training and relocation grants, as well as redevelopment tax credits as the company relocates to the $100 million campus to be built on the Indianapolis site. The offer of tax credits for retention is subject to the review of the State Budget Committee.
Elanco’s new Indianapolis campus design will feature a smaller, more flexible post-COVID concept. The company’s dedicated build team will begin planning for the downtown site immediately and expects the project to take approximately two to three years to complete.