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Sheldon ISD approves tax‑incentive JETI agreement for proposed Eli Lilly project
Summary
Sheldon Independent School District’s board approved a three‑party Jobs, Energy, Technology and Innovation (JETI) agreement with Eli Lilly that the district and counsel described as projecting about $5.9 billion in capital investment, a peak taxable value of $4.4 billion and roughly 604 new jobs; the board authorized the president to sign the agreement.
Sheldon Independent School District’s board voted to approve a three‑party agreement with the governor’s office and Eli Lilly under the Jobs, Energy, Technology and Innovation (JETI) Act, authorizing the board president to execute the agreement.
The district’s counsel, Eddie Hernandez Perez of Leon Alcala, told trustees the company projects "a total capital investment of $5,900,000,000 with a peak taxable value" of about $4.4 billion and "they're projecting a total of 604 new jobs there." Perez said the project would be located inside an existing…
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