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Goochland OKs performance agreement to support Eli Lilly investment; tax rebates capped at $45.9 million
Summary
The Board of Supervisors voted to approve a performance agreement with Eli Lilly tied to a major West Creek investment; the agreement rebates a portion of incremental taxes (up to $45,864,691 over 20 years) and includes local commitments for workforce and infrastructure support.
The Goochland County Board of Supervisors on Dec. 2 approved a performance agreement with Eli Lilly that ties local tax rebates and support to a multi‑year investment in West Creek.
Sarah Worley, the county’s deputy administrator for economic and community development, told the board the agreement specifies Lilly will invest approximately $2.15 billion over the next 10 years, including about $812 million in machinery and tools and roughly $1.3 billion in real estate and business personal property. Worley said the incentive package will provide tax reimbursements capped at…
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