Let's take a look at recent Life Sciences wins for the Indianapolis region.
Abbott Laboratories - Westfield - October 2019
Medical device manufacturer, Abbott Laboratories, announced plans to open a medical device manufacturing facility in Westfield, IN. Abbott’s investment of more than $37.6 million will yield a 120,000-square-foot facility in the NorthPoint Industrial Park along U.S. 31. The jobs, which range from assemblers to engineers, will pay an average wage of $27 per hour.
The Indiana Economic Development Corporation (IEDC) offered Abbott up to $3.5 million in conditional tax credits and up to $1 million in training grants based on the company’s plans to create more than 300 jobs by the end of 2024. These incentives are contingent upon Abbott’s ability to meet hiring goals. Additionally, the IEDC offered up to $750,000 to the community from the Industrial Development Grant Fund to support improvements to the site’s infrastructure. Duke Energy Corp. also approved incentives to help offset a portion of energy costs. The city of Westfield will consider additional incentives.