New study shows Indiana’s agbioscience sector contributes nearly $70B to state’s economy

2024-07-23T06:29:05-04:00July 16, 2024|

AgriNovus Indiana-commissioned study benchmarks state’s global competitiveness, defines three priority opportunities for the future INDIANAPOLIS — AgriNovus Indiana, an initiative to grow the agbioscience economy, released new research today that found Indiana’s agbioscience sector contributes $69.6 billion to the state’s economy and identified forces expected to shape its global competitiveness. Conducted by RTI International, the study entitled Accelerate 2050: A Vision for Indiana Agbioscience, identified the state’s relative economic performance across food, animal health, plant science, agtech and production agriculture and defined priority opportunities to position Indiana’s agbioscience economy for differentiated growth amid future uncertainty. “Agbioscience is a critical contributor to economic growth and is connected to every person on the planet given it centers on food,” said Mitch Frazier, president and CEO of AgriNovus Indiana. “This new research not only defines the present economic strength in Indiana, it [...]

New study shows Indiana as emerging agtech innovation hub

2023-09-18T01:06:01-04:00September 14, 2023|

AgriNovus Indiana-commissioned study identifies opportunity to unite state's strengths in agbioscience, tech  INDIANAPOLIS — AgriNovus Indiana, an initiative to grow the state’s agbioscience economy, released new research today showing Indiana as an emerging hub for agtech innovation due to its strengths in agriculture and technology. Conducted by TEConomy Partners, the study entitled The Intersection of Agbioscience and Tech, identified the growth of tech-related positions across the broader Indiana economy and in agbioscience, including identifying the occupations contributing to the growth. “The agbioscience economy is the only economy in the world that touches every person on the planet given it centers on food,” said Mitch Frazier, president and CEO of AgriNovus Indiana. “Given Indiana’s strength in agbioscience and its history of success in technology, significant opportunity exists to further unite these two industries to build the next chapter of Indiana’s economy.” [...]

IIB: Study: Growth in Indiana Agbioscience Sector Exceeding Goals

2023-03-16T07:51:32-04:00March 16, 2023|

In a recent Inside INdiana Business interview, AgriNovus Indiana President and CEO Mitch Frazier outlined the results of a new study that shows Indiana's agbioscience economy grew $6 billion from 2018-2021, bringing its direct annual impact to $58 billion. Frazier said the growth is "extraordinary, historic, by definition." Frazier said the sector saw growth despite strong headwinds, stemming from the COVID-19 pandemic and global supply chain issues. [READ MORE AND LISTEN] Access the full AgriNovus Indiana report: Innovative Agbioscience in Indiana: 2022 Assessment (Sources: Inside INdiana Business, AgriNovus Indiana)

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