Wisconsin Offers Up to $100M Tax Credits for Eli Lilly $4B Kenosha Expansion
Wisconsin Offers Up to $100M Tax Credits for Eli Lilly $4B Kenosha Expansion

Wisconsin Offers Up to $100M Tax Credits for Eli Lilly $4B Kenosha Expansion

News summary

Wisconsin is supporting pharmaceutical giant Eli Lilly's $4 billion investment to expand its manufacturing operations in Kenosha County with up to $100 million in performance-based tax credits, contingent on job creation and investment targets. The expansion includes acquiring land and a large vacant warehouse in Bristol, where the new facility will be located, and is expected to create 750 new jobs. Governor Tony Evers highlighted the state's commitment to economic growth and innovation, emphasizing Wisconsin's status as a U.S. Regional Tech Hub and its world-class manufacturing sector. Eli Lilly praised the partnership with state and local officials, noting the project will advance manufacturing capabilities and ensure access to life-changing medicines. Local leaders view the expansion as a significant economic boost that positions southeastern Wisconsin as a leader in biotech and personalized medicine. The deal underscores the collaboration between the state government and private sector to foster long-term economic vitality in the region.

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Last Updated
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