GREENFIELD, Ind. (AP) - Officials in a small central Indiana city are awaiting a company's decision on whether it will sell or spin off its animal health business, a move that could deliver a blow to the local economy.
The Indianapolis Business Journal reports that if Eli Lilly and Co. officials were to sell or spin off Elanco Animal Health, there's no guarantee the operation would remain in Greenfield. The company has had a presence in the city since it built research laboratories in the late 19th century.
Elanco employs about 775 at its campus in Greenfield, a 21,000-person city about 15 miles (24 kilometers) east of Indianapolis.
Mayor Chuck Fewell says the city would hate to lose the business.
Lilly CEO David Ricks said last month that the company would likely announce a decision by July.
Information from: Indianapolis Business Journal, http://www.ibj.com
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