City Council gives the go-ahead for Eli Lilly project in Huntsville

The Huntsville City Council put its stamp of approval on the agreement between the city and Eli Lilly. The pharmaceutical giant plans to invest more than $6 billion into the project and provide approximately 450 jobs.

Huntsville’s partner ship with Eli Lilly

In December, the company announced plans to invest $6 billion in a Huntsville campus and create 450 high-paying jobs. The campus will be located at the northeast corner of Interstate 565 and Greenbrier Parkway.

“The investment of Eli Lilly is going to help us with education, school expansion, roads, both for Limestone County and the city of Huntsville, and those types of investments will pay for themselves instead of asking the tax payer to do so.”

Shane Davis, Urban and Economic Development director

Terms of the development agreement include Eli Lilly constructing a 750,000 square foot facility with an investment of not less than $4.2 billion and hiring no less than 449 full-time employees. The average salary of those employees will be $112,700, excluding benefits.

The city is providing a 260-acre site to Eli Lilly under a 10-year performance obligation by the company to maintain its investment and the jobs as well as $2 million for workforce development, recruitment and training and up to $250,000 in project costs.

Construction is set to begin this year, with completion slated in 2032. 

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