Indiana’s Economic Future Phase I Report

2024-12-20T20:06:50-05:00November 20, 2021|

The health of the economy in Indiana is critically important for all in the state. Over the past decade, the overall performance of Indiana’s economy has been on par with Indiana’s Midwestern neighbors, but still has lagged behind national GDP growth. This is demonstrated by the state’s average annual inflation-adjusted GDP growth of 1.99% for 2010-2019 compared to national growth of 2.3%. This performance ranked Indiana 20th among states across the decade. This report is the first in a planned set of two, with this first focused on visualizing the structure and trajectory of Indiana’s economy and its underlying industrial economic drivers. It also seeks to preliminarily identify the parameters that need to be addressed, and opportunities to be pursued, to generate a high-performance economic future. Ultimately the complete program of work is focused on charting a pathway forward [...]

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 [...]

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