AgriNovus Indiana study shows agbiosciences contributes $39 billion to Indiana economy

2021-04-05T16:43:55-04:00November 12, 2020|

INDIANAPOLIS (Nov. 12, 2020) — AgriNovus Indiana, an initiative focused on growing Indiana’s agbioscience economy, today released a comprehensive study that found the sector directly contributes more than $39 billion to the state’s economy. Conducted by TEConomy Partners, the study, Innovative Agbioscience in Indiana: 2020 Assessment, identified more than six percent growth in the industry from 2012 to 2018, with an average wage of $51,825, more than eight percent higher than the statewide average. “Indiana’s agbioscience economy is thriving, generating growth in both economic output and average wages,” said Mitch Frazier, president and CEO of AgriNovus Indiana. “This study identifies Indiana’s tremendous strengths in operations and academia across food production, animal health, agtech and plant science and establishes a clear platform for us to take Indiana’s agbioscience economy to the next level.” According to the study, 2018 data shows Indiana’s [...]