Festool has about 90 employees in Lebanon, where the company’s U.S. corporate headquarters and U.S. repair facilities are located. All of the company’s tools are made in Germany and the Czech Republic.
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Supply-chain giant GXO Logistics is planning to spend $11.7 million to grow operations at a massive facility where it handles returns for Nike Inc.
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The state has spent more than $690 million so far establishing the LEAP Research and Innovation District. Outgoing economic leaders say the project is a huge success, but some political leaders are cautious.
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Lilly wants to know how to improve new medicines and speed them to market more quickly. The project promises hundreds of high-paying jobs and could help lift Lilly among a handful of the most valuable companies in America.
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Citizens Energy said Eagle Creek will be one of 10 water sources that will be part of the supply program, which will provide 25 million gallons of water per day to Lebanon and the LEAP District by 2031.
Developers say the project could include housing and commercial and retail space, as well as businesses that would support the LEAP Research and Innovation District.
The Lebanon-based hospital faces increased competition from large health systems that benefit from larger economies of scale and marketing budgets.
Production at the Lebanon facility is expected to begin before the end of 2025. The company anticipates having up to 150 workers at the plant.
The report details findings related to the Indiana Economic Development Corp., the Indiana Economic Development Foundation, the LEAP District, Elevate Ventures and the Applied Research Institute.
Parkview said work on the 108,000-square foot hospital and 30,000-square foot medical office building is expected to begin next year.
Documents dated Aug. 6 also include multiple renderings of the campus, which would include 12 data center buildings, three ancillary buildings and more than 400 parking spots.
The company plans to expand its existing 600,000-square-foot facility in Lebanon Business Park.
The development’s $30 million first phase is expected to include a new headquarters for Merritt Contracting, facilities for additional companies and infrastructure to serve the area.
Andrea Kern, who most recently worked with the Indiana Office of Community and Rural Affairs, will lead the Boone County Economic Development Corp.
The foundry will give the pharmaceutical maker the ability to research new ways of producing medicines.
IMAGE GALLERY: The 200-acre Lilly Medicine Foundry is expected to add 400 full-time jobs for highly skilled workers, including engineers, scientists, operations personnel and lab technicians.
The ongoing progress to develop the planned LEAP Innovation and Research District, a 9,000-acre tech park in Boone County, was among the top local tech stories of 2024.
Card & Associates is making plans to grow Hickory Junction, which already includes the $31 million Farmers Bank Fieldhouse and two planned hotels.
The state will eventually recoup much of that investment when LEAP land is sold to tenants, officials from the Indiana Economic Development Corp. said.
The state’s job-creation agency is seeking $27 million to purchase about 307 acres and pay for deposits and option payments for additional land west of Interstate 65. Another $33 million is being sought for infrastructure work.
The Lebanon City Council on Monday night approved the creation of a tax-increment financing district and performance-based incentives to try to secure a deal with the parent of Facebook and Instagram.
In recent years, the pharmaceutical manufacturer has seen dizzying growth in its pipeline for a wide range of diseases. And modes of drug delivery are becoming increasingly complex.
The new funding, for an advanced manufacturing and drug development center, will bring the Indianapolis-based drugmaker’s total investment in the Boone County site to more than $13 billion.
The Indiana Finance Authority approved the loans to support the proposed extension of the Citizens Energy system to provide 25 million gallons of water per day to the LEAP Lebanon Innovation District and surrounding Boone County developments.
