The new facility will be supported by a $250 million investment and the creation of hundreds of new jobs.
(Bloomington, IN) - Governor Eric J. Holcomb joined executives of Simtra BioPharma Solutions and local officials to break ground on the company’s new state-of-the-art manufacturing facility in Monroe County.
In February, Simtra had plans to expand its footprint in Bloomington by building a 150,000-square-foot manufacturing facility. The new facility will be supported by a $250 million investment and the creation of hundreds of new jobs.
“Indiana’s life sciences industry is on a roll,” said Gov. Holcomb,” Life sciences is a vital industry to Indiana’s economy and contributes $95 billion to the state’s economy annually and employs 67,000 people.
This investment will create hundreds of jobs, highlighting our dedication to growth, innovation, and excellence. We are building the future of sterile injectable manufacturing, ensuring that Simtra remains at the forefront of our industry. “Indiana’s life sciences ecosystem has experienced tremendous growth since 2021. In total, since 2021 $11.5 billion in committed capital has been made into the state through 96 projects and 11,852 committed jobs.
Based on the company’s plans to create up to 130 jobs, the Indiana Economic Development Corporation committed an investment in Simtra BioPharma Solutions of up to $1.6 million in conditional tax credits. These incentives are performance-based, meaning the company is eligible to claim state benefits once Hoosiers are hired and trained. Monroe County offered additional incentives.
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