Lilly, Amazon Pump Billions Into Indiana’s Industrial Resurgence
- Governor Holcomb cites ‘unprecedented momentum’ in interview
- Toyota, Google also commit billions in new investments
Eli Lilly headquarters in Indianapolis
Photographer: AJ Mast/BloombergThis article is for subscribers only.
An industrial renaissance is fueling record capital inflows into Indiana, putting the Midwestern state on pace to surpass last year’s almost $29 billion in investments.
Eli Lilly & Co. last week pledged to spend $5.3 billion in the state to expand a site that makes a key ingredient in the weight-loss and diabetes drugs that have exploded in popularity. The investment comes on the heels of an $11 billion announcement by Amazon Web Services, the state’s largest-ever capital commitment.