Lebanon is formalizing the Medicine Foundry Innovation Development District and allocation area to capture long‑term incremental property, income, and sales tax revenue for advanced industry investment. The IEDC projects more than $199 million in state taxes and $585 million in property taxes over up to 30 years, with at least 12% of incremental property tax flowing to local governments and schools. This sets up a major, multi‑decade funding stream for infrastructure, utilities, services, and site development around the Lilly Medicine Foundry plat, creating ongoing opportunities for engineering, construction, professional services, and technology vendors to help plan and deliver associated projects.
Territory is Lot 1 of the Lilly Medicine Foundry plat in Lebanon, Indiana, suggesting large-scale ad...