Governor Eric Holcomb will Thursday join officials from the city of Fishers and Italy-based Stevanato Group to break ground on a 370,000-square-foot life sciences facility. The company says it is investing $145 million to construct a state-of-the-art plant which will manufacture vials and syringes for pharmaceutical companies.
The Stevanato Group, which specializes in drug containment, delivery and diagnostic solutions, says it plans to create more than 230 jobs by 2025 at the Fishers facility.
Stevanato Group employs some 4,300 people around the world and also has U.S. locations in California, Pennsylvania and Massachusetts.
The Indiana Economic Development Corp. has offered Stevanato Group up to $3.4 million in conditional tax credits and training grants, which the company will not be eligible to claim until Hoosier workers are hired for the new jobs. The city of Fishers will also consider up to $1.2 million in additional incentives.
In an interview last June on Inside INdiana Business with Gerry Dick, Fishers Mayor Scott Fadness said the city is trying to add to central Indiana’s robust life sciences community.
Watch the interview in the video below: