Governor Eric J. Holcomb joined executives of Simtra BioPharma Solutions to Break Ground On New Facility

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.

More from Local News

Events

Residents Asked to Take Survey Regarding Owner-Occupied Rehab Program

The City of Lawrenceburg is applying for grant funding through OCRA.

New School Attendance Program Aims to Reduce Absenteeism in Dearborn, Ohio Counties

The program was announced by Judge Aaron Negangard on Tuesday afternoon.

Aberdeen Pate Water Issues Water Boil Advisory

The advisory is for a select group of Ohio County residents.

SEI Trio Named to Preseason All-State Teams

Brady Ballart, Noah Knigga and Dylan Offill are ready to give offenses headaches again in 2024.

Riehle Wins Again at Knight Flight 5K

Ben Riehle and Lanie Nicholson are the overall leaders through three races.

Kayla Roell Makes History with Win at Lawrenceburg Speedway

Roell won the sprint car race on Saturday night.

On Air

Chelsie playing
Radney Foster - Nobody Wins

Justin Moore This Is My Dirt 9:05
Fox News Fox News National Newscast 9:04
Lee Brice Soul 9:01
Steve Wariner Holes in the Floor Of Heaven 8:53