Urban Indiana

Elanco to build $100 million HQ campus at former GM site downtown

Elanco Animal Health Inc. announced Friday morning it will build a $100 million headquarters campus at the former General Motors stamping plant west of downtown, a move the state has incentivized with more than $86 million in tax breaks plus land for the project.

The move will secure Elanco's future in central Indiana and provide a long-sought reuse for at least part of the stamping plant site, which has been vacant for almost a decade. But the deal is a blow to the city of Greenfield, where Elanco now has its headquarters. The state and company have agreed to work together to find a user for the company's Greenfield space.

Elanco, which spun off from Eli Lilly and Co. in 2018 after more than a half-century, said it selected the site after a "rigorous, multi-state search." The maker of animal vaccines and food additives had been noncommittal in recent months over whether it would keep its headquarters in Indiana.

More below:
https://www.ibj.com/articles/elanco-to-move-hq-from-greenfield-to-former-gm-site-downtown