Generation Park Secures Historic $6.5 Billion Eli Lilly Investment, Signaling a New Era for Houston’s Life Sciences Industry

The investment represents Texas’ first significant pharmaceutical manufacturing facility and will add more than 600 full-time jobs to the local workforce.

Generation Park, a McCord Development in Houston, Texas, has been selected by global pharmaceutical leader Eli Lilly and Company (Lilly) as the site of a $6.5 billion pharmaceutical manufacturing facility—the first of its kind in Texas. The 4,300-acre campus was chosen for its strong business climate, available land, reliable energy and infrastructure, and workforce readiness, according to Lilly.

This win reflects years of strategic work by McCord and regional partners across the public and private sectors to develop the talent, infrastructure, and business environment needed to attract world-class companies like Lilly. As a result, Generation Park and Houston have emerged as premier destinations for innovation, advanced manufacturing, and biomedical excellence.

Lilly’s significant investment in Generation Park will create more than 600 high-wage jobs, including positions for engineers, scientists, operations personnel, and lab technicians. An additional 4,000 construction jobs are expected to support the development and activation of the site. For the community, this translates into employment opportunities and access to specialized training programs designed to prepare talent for careers in the life sciences industry.

To help ensure the workforce is ready to meet this demand, McCord has partnered with San Jacinto College and the National Institute for Bioprocessing Research and Training (NIBRT) to launch The Center for Biotechnology at Generation Park. The facility—the first of its kind in the Southern and Southwestern U.S.—is designed to advance workforce development and strengthen the region’s talent pipeline. The Center officially opens on Friday, September 26.

Generation Park itself offers clear advantages for life sciences companies, with ready to build sites of up to 300 acres, life science focused deed restrictions, and unmatched connectivity to two major airports, the Port of Houston, downtown Houston, and the Texas Medical Center. These assets, together with lifestyle amenities at Redemption Square and Generation Village, create an environment that makes it easier for companies to attract and retain top tier talent while supporting long-term growth and innovation.

The project was further supported by performance-based incentives approved through the Jobs, Energy, Technology and Innovation (JETI) program, the Texas Enterprise Fund, and the Generation Park Management District. Taken together, these factors position Generation Park as a premier destination for life sciences investment, driving economic growth, workforce development, and innovation across the Houston region for generations to come.

About McCord Development

McCord is a Houston-based opportunistic real estate company with a longstanding track record of creating substantial value through the acquisition, development, and management of office, industrial, land, single family, and multifamily assets. McCord is the developer of Generation Park, a 4,300-acre master planned commercial district and houses campuses for San Jacinto College and Lone Star College. McCord is focused on developing Houston’s biomanufacturing cluster at Generation Park given its strategic location between the Port of Houston and Bush International Airport, proximity to the Texas Medical Center, curated mixed use environment and ample land for expansion. Since 1973, McCord has acquired or developed over $3 billion in successful projects across the United States. To learn more, visit www.mccord.com.