Allentown, Pa. \u2014 A global pharmaceutical company plans to invest billions in Pennsylvania to build a manufacturing facility.<\/p>\n
On Friday, Governor Josh Shapiro\u00a0and\u00a0Pennsylvania Department of Community & Economic Development (DCED) Secretary Rick Siger\u00a0announced the Commonwealth has secured a\u00a0$3.5 billion private-sector investment\u00a0from\u00a0global pharmaceutical firm\u00a0Eli Lilly and Company<\/a>\u00a0to\u00a0build a new, state-of-the-art pharmaceutical facility in Lehigh County.\u00a0<\/p>\n Lilly\u2019s investment is the largest by a life sciences company in Commonwealth history.<\/p>\n Supported by\u00a0$100 million\u00a0in Commonwealth investment, this expansion project will\u00a0create at least 850 new jobs over the next five years\u00a0and continue growing Pennsylvania\u2019s robust pharmaceutical and life sciences industries.<\/p>\n Lilly is purchasing a site in Fogelsville. This will be the first Lilly manufacturing facility in Pennsylvania\u00a0and represents a long-term commitment to the Commonwealth from one of the world\u2019s leading drugmakers.<\/p>\n ‘Life-changing deals’<\/p>\n \u201cWhen we announced our Economic Development Strategy here in the Lehigh Valley two years ago, we set out to win historic, life-changing deals like the one we\u2019re announcing with Lilly today,\u201d Shapiro said. \u201cBefore I took office, Pennsylvania wasn\u2019t even in the conversation for major investments like this, but thanks to our work to cut red tape, invest in site development, and expand our workforce, our Commonwealth is now competing \u2014 and winning \u2014 on a national scale. Lilly\u2019s commitment to the Lehigh Valley and to Pennsylvania will bring billions of dollars of investment and hundreds of good-paying jobs, solidifying our position as a leader in the growing life sciences industry.\u201d<\/p>\n Lilly received a funding proposal from\u00a0DCED\u00a0for up to\u00a0$50 million in tax credits\u00a0through the\u00a0PA Edge Tax Credit Program,\u00a0a\u00a0$25 million grant\u00a0through the\u00a0PA SITES (Pennsylvania Strategic Investments to Enhance Sites) Program,\u00a0and a\u00a0$25 million Pennsylvania First grant.<\/p>\n The state has also committed to providing a\u00a0Redevelopment Assistance Capital Program (RACP)\u00a0award of up to\u00a0$5 million\u00a0to a local community college and\/or technical school to help create a workforce development training program that would serve as a talent pipeline for the company in the Lehigh Valley.<\/p>\n \u201cLilly\u2019s investment is an important win for the Lehigh Valley and the entire Commonwealth, creating at least 850 new jobs and further solidifying our position as a leader in economic development and life science innovation,\u201d said\u00a0Secretary Siger. \u201cThis announcement also further proves that our Economic Development Strategy is working to attract historic, new investments to Pennsylvania. We will keep competing\u00a0 for major projects like this one that will continue to strengthen our life sciences industry, create good-paying jobs, and fuel economic growth across the Commonwealth.\u201d<\/p>\n Founded in 1876\u00a0<\/p>\n Lilly manufactures and distributes products through facilities in the United States, including Puerto Rico, and in Europe and Asia. Their products are sold in approximately 95 countries. Established in 1876 by Colonel Eli Lilly, the company was an early mass producer of insulin and the polio vaccine. Lilly develops and manufactures various prescription medications across therapeutic areas, including cardiometabolic health, oncology, immunology and neuroscience.<\/p>\n \u201cOur mission starts with patients and delivering the medicines they need. To meet increasing demand, we\u2019re expanding our U.S. manufacturing network, with Lehigh Valley adding capacity for next-generation weight-loss medicines. We\u2019re creating high-quality jobs and collaborating across the region \u2014 with suppliers, educators, and workforce-development partners \u2014 to make critical medicines in the U.S.,\u201d said\u00a0David A. Ricks, Lilly chair and CEO. \u201cThat\u2019s our commitment\u2014to patients, to our new Pennsylvania home and to our country.\u201d<\/p>\n Lilly is also receiving assistance through\u00a0Pennsylvania\u2019s Office of Transformation and Opportunity (OTO)\u00a0on the project via the\u00a0PA Permit Fast Track Program.<\/p>\n In November 2024, the Governor signed\u00a0Executive Order 2024-04<\/a>, creating the\u00a0PA Permit Fast Track Program\u00a0to streamline the Commonwealth\u2019s permitting process for key economic development and infrastructure projects, increase transparency, and accelerate timelines to ensure state government delivers results quickly and efficiently. Through\u00a0OTO, the program helps develop, manage, and coordinate permitting for complex and impactful economic development and infrastructure projects across government agencies and private partners in order to get project sponsors answers in a timely manner.<\/p>\n Deal in the works for years\u00a0<\/p>\n Lilly\u2019s multi-billion-dollar expansion project represents a huge win for growing the life sciences industry in the Lehigh Valley and builds upon the excellence in this sector that has been developing in the region over the past several years.<\/p>\n \u201cThe Lehigh Valley is honored to welcome Lilly to the region,\u201d said\u00a0Don Cunningham, President & CEO, Lehigh Valley Economic Development Corporation. \u201cIt took numerous key partners working behind the scenes in a multi-year process to attract Lilly and this multi-billion-dollar investment, but none more critical than Governor Shapiro and his excellent team. We’re grateful for his leadership and partnership and the confidence and investment of Lilly.\u201d<\/p>\n Today\u2019s announcement is another example of how the\u00a0Shapiro administration\u00a0is focused on supporting Pennsylvania\u2019s biotech ecosystem. Life sciences companies like\u00a0Eurofins Lancaster Laboratories<\/a>,\u00a0Apozeal Pharmaceuticals<\/a>,\u00a0B. Braun<\/a>, and\u00a0GSK<\/a>\u00a0have announced expansions in Pennsylvania, bringing new jobs and R&D investments into the Commonwealth.<\/p>\n This project was coordinated by\u00a0Shapiro\u2019s\u00a0BusinessPA<\/a>\u00a0team, an experienced group of economic development professionals dedicated to helping businesses succeed in Pennsylvania through tailored guidance, strategic partnerships, and financial resources.\u00a0Whether based in the Commonwealth, another state, or across the globe, the team moves at the speed of business to set up companies for long-term growth and success here in Pennsylvania.<\/p>\n Pennsylvania\u2019s Business Climate and Growing Economy is Getting National Recognition<\/p>\n Pennsylvania is the only state in the Northeast with a growing economy, according to a\u00a0report<\/a>\u00a0from\u00a0Axios\u00a0based on analysis done by Moody\u2019s Analytics Chief Economist Mark Zandi. This latest recognition builds on growing evidence that Pennsylvania\u2019s economy is strong, competitive, and on the rise.Recently, “Area Development”\u00a0ranked<\/a>\u00a0Pennsylvania among the top 20 \u201cBest States for Business\u201d \u2014 the only Northeastern state to make the list \u2014 and placed the Commonwealth in the top 10 for \u201cSite Readiness Programs.\u201d”Site Selection Magazine”\u00a0has named Pennsylvania one of the top business climates in the nation. The Commonwealth is 11th in the\u00a02025 Business Climate Rankings<\/a>, up seven spots from last year.New data<\/a>\u00a0from the U.S. Bureau of Labor Statistics shows that Pennsylvania\u00a0ranks among the top states in the nation<\/a>\u00a0<\/a>for five-year new business survival, underscoring the strength and resilience of the Commonwealth\u2019s economy under\u00a0Governor Shapiro\u2019s\u00a0leadership.<\/p>\n Unleashing Pennsylvania\u2019s Economic Potential, Streamlining Permitting to Drive Economic Growth, and Supporting Pennsylvania\u2019s Small Businesses<\/p>\n Since taking office,Shapiro has made Pennsylvania more competitive \u2014 cutting red tape, streamlining permitting and licensing, and attracting over $39\u00a0 billion in private-sector investment that has created more than 21,500 good-paying jobs across the Commonwealth. That includes the largest private-sector investment in Pennsylvania history \u2014 Amazon\u2019s initial $20 billion investment to build new AI and cloud computing campuses, creating thousands of high-tech and construction jobs.Governor Shapiro has made economic competitiveness and government efficiency top priorities, launching Pennsylvania\u2019s first comprehensive\u00a0economic development strategy<\/a>\u00a0in nearly two decades, cutting permit backlogs \u2014 including eliminating the Department of Environmental Protection\u2019s backlog of 2,400 permits \u2014 and investing $550 million to prepare more sites for business expansion, strengthen main streets, and support small businesses and entrepreneurs.The Governor\u2019s\u00a02025-26 budget<\/a>\u00a0continues to make historic progress on permitting reform, funds key staff at agencies responsible for processing permits, licenses, and certifications, and invests in Pennsylvania\u2019s main streets.<\/p>\n Learn more about the\u00a0Shapiro Administration\u2019s\u00a0efforts<\/a>\u00a0to support Pennsylvania\u2019s workers and businesses and spur the economy, and discover how the Administration is\u00a0creating economic opportunity<\/a>\u00a0to build a stronger, more competitive economy for all Pennsylvanians.<\/p>\n","protected":false},"excerpt":{"rendered":"Allentown, Pa. \u2014 A global pharmaceutical company plans to invest billions in Pennsylvania to build a manufacturing facility.…\n","protected":false},"author":2,"featured_media":100936,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[119,121,120,61,10588,23499,33,157,28],"class_list":["post-100935","post","type-post","status-publish","format-standard","has-post-thumbnail","category-allentown","tag-allentown","tag-allentown-headlines","tag-allentown-news","tag-economy","tag-eli-lilly","tag-eli-lilly-and-company","tag-josh-shapiro","tag-lehigh-valley","tag-pennsylvania"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/100935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=100935"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/100935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/100936"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=100935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=100935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=100935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}