INDIANAPOLIS— The Indianapolis City-County Council passed tax breaks for Eli Lilly and Co.
The vote was 19-6 in favor of the tax breaks Monday night.
The Indianapolis-headquartered pharmaceutical company is developing a $90 million building in its efforts to fight diabetes.
As part of that, Lilly requested nearly $10 million in tax abatements.
The building’s improvements will allow Eli Lilly to better produce insulin products, a company representative said.
The last tax abatements Eli Lilly received were in 2017, which totaled about $9.3 million over 10 years.
(PHOTO: WISH TV)
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