Medco likes Daniels, 'entrepreneurial spirit'

November 14, 2007
Gov. Mitch Daniels' personal involvement and the "entrepreneurial spirit" of the Indiana Economic Development Corp. were among the reasons Medco Health Solutions announced Nov. 12 that it had chosen the Indianapolis area over Louisville for the location of a $150 million pharmaceutical distribution center.

The sentiment was expressed by Medco President Kenneth Klepper in The Courier-Journal of Louisville.

Kentucky offered $30 million in incentives to lure the project, which will employ 1,300, to Louisville. Indiana offered $18.6 million.

Klepper also has said Indianapolis was picked for its central location and presence of pharmacy programs at Butler and Purdue universities. Locating near Indianapolis International Airport, where FedEx has a hub, was another reason for the decision, he explained.

Medco, headquartered in Franklin Lakes, N.J., plans to announce a specific site in Boone, Hendricks or Johnson county in the next 30 days and complete the facility in 2009.
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