Recap: Right to Work Indiana Welcomes Billion-Dollar Investments
Companies are investing in Indiana as a result of its Right to Work laws. Some of the most recent investments are coming from Evonik and McLaren Racing, as well as Eli Lilly and Stellantis and Samsung SDI. Altogether, these companies will invest a total of $4.825 billion toward the state’s economy. So this is exciting news! In addition, they will also create 2,155 new jobs. Read on in order to learn more about each investment.
Evonik is investing $220 million in order to expand in Right to Work Lafayette, Indiana. This will also create 80 new jobs!
“Indiana is increasingly a leader in medical innovation due to the clustering of quality companies like Evonik that bring high wages and future-focused industry to our state.” […]
“Evonik’s strategic expansion at Tippecanoe is fantastic news for the entire Greater Lafayette region. […] The town of Shadeland, Lafayette, West Lafayette, Tippecanoe County, the Purdue Research Foundation and Greater Lafayette Commerce all supported this effort and not only look forward to the high-value jobs it will create, but also the important role the new Lipid Center of Excellence will play in our nation’s vaccine preparedness.”
McLaren Racing is investing $25 million in order to add a new location in Right to Work Whitestown, Indiana. This will also create 175 new jobs!
“This new facility will be a catalyst for motorsport and business growth for McLaren Racing in North America. We are working hand-in-hand with Whitestown officials throughout the entire process, making sure we create an environment for hard work and excellence. […] Investment like this just shows the excitement and growth around IndyCar locally and nationally.” […]
“I’m proud to support McLaren Racing’s growth in Indiana as the company creates quality careers and adds to our state’s already vibrant motorsports industry – further solidifying Indiana’s position as the motorsports capital of the world. […] The company’s focus on sustainability is squarely in line with the IEDC’s 5E vision for the future.”
Eli Lilly and Company:
Eli Lilly and Company is investing $2.1 billion in order to add two new facilities in Right to Work Boone County, Indiana. This will also create 500 new jobs!
“This investment furthers our commitment to Indiana while also fulfilling our purpose of making life better for millions of people.” […]
“Lilly has been an anchor in Indiana’s economy for generations, and this announcement means they will continue to be here for generations. […] I am incredibly proud Lilly continues to make exciting investments in Indiana that will better the lives and opportunities of Hoosiers for decades to come. And in turn, the very research and pharmaceutical manufacturing spearheaded here in our state will improve lives worldwide.”
Stellantis and Samsung SDI:
Stellantis and Samsung SDI is investing $2.5 billion in order to add a new location in Right to Work Kokomo, Indiana. This will create 1,400 new jobs!
“We express our gratitude towards officials from the state of Indiana and Stellantis for supporting the final selection of the plant site in Indiana. […] We have secured a solid foothold in a rapidly growing North American EV market through the joint venture with Stellantis.” […]
“Our goals for the growth of Indiana’s economy are ambitious. […] This significant venture with Stellantis and Samsung SDI is squarely in line with our 5E focus on the energy transition and building an economy of the future. Large-scale investments like this are a testament to Indiana’s business-friendly climate, its strong workforce, a growing population and our continued investment in quality of life. The economic growth and momentum in our state this year is unprecedented.”
To read the previous update on economic development in Right to Work Indiana, click here.
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