The Monroe County Council approved Simtra BioPharma Solutions’ request for a tax break on a 65-acre site recently acquired in Monroe County on Tuesday, according to a press release.
Simtra BioPharma Solutions develops and manufactures sterile injectable products.
The Bloomington Economic Development Corporation has been working closely with Simtra in support of the multimillion-dollar project.
The property previously belonged to Cook Group, according to Indiana Public Media, and operated as a General Electric manufacturing facility.
The expansion is intended to improve U.S. production capability for sterile injectable medicines. According to BioCrossroads, Indiana currently leads the country in life sciences and pharmaceutical exports.
Simtra purchased the property in late July with the intention for a facility expansion that adds syringe fill lines, increases lyophilization capabilities and supports clinical-scale production, according to Simtra's website.
“This project represents more than a facility expansion,” BEDC President Jennifer Pearl said in the press release. “It is an opportunity to redevelop an underutilized industrial site and transform it into a long-term asset for our community.”
The site has more than 300,000 square feet of usable space for under-roof expansion.
The plans included a $241 million capital investment in order to purchase, prepare and equip the first manufacturing line.
Subsequent lines would call for another roughly $100 million investment.
Each line is expected to create approximately 90 jobs with an average compensation of $70,000 annually.
The request will be brought to the Monroe County Commissioners for final approval Thursday.
