The expansion at the Lilly Technology Center southwest of downtown is part of an $850 million investment the company is making this year in its U.S. research labs, manufacturing plants and other operations.
The university said the gift from the R.B. Annis Educational Foundation “will advance the university’s strategy to address Indiana’s increasing demand for skilled engineers and STEM-related professions.”
Steve Cage started a quality-control business focused on the automotive industry near the peak of the Great Recession. In 2009, the company made $8 million in revenue. In 2016, revenue hit $122 million.