(INDIANAPOLIS) - Indiana Governor Mike Braun is announcing a $1 billion investment aimed at creating more than 100,000 jobs in the state's agricultural and life sciences sectors.
State officials say the plan centers on $1 billion in tax credits focused on plant, animal and human health industries, with the goal of driving job growth over the next 10 years.
The initiative is designed to position Indiana as a national leader in areas including biotechnology, agritech, environmental innovation and human and animal therapeutics.
Major companies expected to be involved include Eli Lilly and Company, Elanco Animal Health and Corteva Agriscience, along with partnerships from Purdue University, Indiana University and other industry leaders.
The Central Indiana Regional Development Authority has been designated to help coordinate and lead the effort.
State leaders say the investment is intended to strengthen Indiana's existing life sciences economy and expand opportunities for high-wage jobs across multiple regions.