Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

Council Set For Lilly Tax Break Vote

Wednesday, November 25, 2015 02:43 PM EDT Updated: Wednesday, November 25, 2015 04:18 PM EDT
Council Set For Lilly Tax Break Vote (Rendering Provided by Eli Lilly and Co.) Lilly's planned $65 million project follows R&D investments in Massachusetts

The City-County Council in Indianapolis is slated to vote Monday on approval of tax abatement for a $65 million investment from Eli Lilly and Co. (NYSE: LLY) to expand its global research and development headquarters. The project is expected to help retain 165 jobs. It will be an addition to a larger company-wide R&D expansion the pharmaceutical maker unveiled two years ago.

The new laboratory facility is expected to open within two years and will focus on small molecules for oral treatments.

If cleared by the council, it will return to the Metropolitan Development Commission for consideration of final approval. The MDC gave it the preliminary go-ahead last month.

You can connect to more about the project, including an interview with Vice President of Small Molecule Drug Development Bret Huff, by clicking here.

Story Continues Below

Most Popular Stories

  • Vanderburgh commissioners to vote on rezoning for disputed Love’s Travel Stop

  • Factors in determining your company’s value

  • OpenLane to expand Canadian presence with $95M acquisition

  • Q&A with co-owners of Patoka Lake Marina and Winery

  • Armstrong named next CEO of Child Advocates

  • $5M boosts under-mattress device for heart failure patients

Perspectives

Factors in determining your company’s value

Factors in determining your company’s value

Determining the right asking price is crucial for a successful sale. An accurate valuation of your business requires considering multiple factors, such as financial performance, assets, intellectual property, customer base, and market share. Careful analysis of your business's unique attributes and the current market landscape can aid in setting a competitive and realistic asking price. Here are some key points to consider regarding the influence of market pricing on the timing of a company sale....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service