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Abatement approval paves way for Covance jobs

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The Hancock County Council this morning unanimously approved a tax-incentive agreement that should lead Covance Inc. to add 315 jobs at its Greenfield Laboratories.

A spokeswoman for the New Jersey-based company earlier this month said abatement approval would seal Hancock County’s selection for the jobs over four other locations.

Covance plans to pay an average annual salary of $60,000, plus benefits, for jobs ranging from support staff and technicians to scientists and management.

Some of the jobs would support growth in Covance’s Biomarker Center of Excellence and such areas as nutritional chemistry and analytical services.

“That will just be huge,” Dennis Maloy, executive director of the Hancock County Economic Development Corp, said today. “These are the kinds of jobs all communities are trying to attract.”

Covance purchased the laboratories from Indianapolis-based Eli Lilly and Co. in August for $50 million and an agreement that Lilly would give Covance $1.6 billion worth of drug-development business over the next 10 years.

Covance offered jobs to all of the 260 employees who worked there and currently employs more than 300 at the labs.

The Greenfield site was one of Lilly’s oldest operations, dating to 1914.

Covance already employs 1,000 Hoosiers in Indianapolis and Evansville. Covance CEO Joe Herring told investors upon the purchase of the labs that the company hopes to land contracts with other drug companies and ramp up the 600,000-square-foot Greenfield facility to full capacity.

Lilly officials said the labs only operated at half their capacity.
 

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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