The plan is being developed using a $615,000 grant from the Lilly Endowment.
The band has raised $2.6 million of its $4.5 million goal.
The new facility manufactures poly-tetra-flourine-ethelyne, which is used as a non-stick coating on many Cook products.
The Yoho General Store is to be reopened this fall after renovations are complete.
Steve Ferguson's donation is the largest the state says it has on record.
Cook Group is funding the restoration of the Tivoli Theatre as a part of Indiana Landmarks.
Medical device technology experts say a new tax in the Affordable Care Act will force companies to move their operations overseas.
Experts disagree on whether a new medical device tax could lead to higher consumer prices.
The new building was named after a couple that donated $1 million to the university expansion fund.
The awarding of the Sachem was part of an event celebrating the life and accomplishments of Bill Cook at the IU Auditorium.