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by Mitch Frazier, President + CEO, AgriNovus Indiana

Indiana's agbioscience economy took a giant leap forward with Corteva Agriscience CEO Chuck Magro announcing in February that Indianapolis is now the company's official global headquarters. While the announcement earned acclaim locally, the magnitude of this news is one that merits additional attention.

Consider these realities:

Corteva is now the 4th largest publicly held company headquartered in Indiana, and it continues to grow. In terms of market cap, Corteva is larger than Indiana juggernauts Cummins, Zimmer Biomet or Steel Dynamics.

The move positions Indiana to lead sustainability in ag globally. With Corteva's commitment to sustainability in crops coupled with Elanco (who made Indianapolis their global HQ in late 2020) focused on sustainability in animal production, Indiana is now home to two global public companies focused on agbioscience sustainability. More specifically, there is now nearly $50 billion of market cap headquartered in Indiana focused on this critical area of agbioscience innovation.

Indiana is now the location of choice for agbioscience headquarters. Based on our research, no other city/region in America has attracted or retained the headquarters of two publicly held agbioscience companies in the past two years. With Corteva and Elanco selecting Indianapolis, we are demonstrating our unique connectedness to agbioscience customers, technologies, markets, innovators, academic institutions and adjacent industries.

Indiana's agbioscience economy is now in the enviably position to shape the future of the fast-growing sustainability market in food and ag. Together, we must create deeper connections across our network and chart a path forward to realize our full potential.

We must work to create the conditions and connections for large companies, small companies, entrepreneurs and academics to work together to drive new innovation, create new companies and deliver mutually beneficial growth.

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