Hoosier State Investments in Life Science Sets $750M Record

By wmadministrator

Over the course of 2010, Indiana drew investment commitments for more than 4,000 new jobs from new and existing life sciences firms, according to information released by the state.

Twenty life sciences companies told the state they plan future investments of more than $570 million and 4,071 jobs, the highest number of jobs and investment ever recorded for the industry by the state’s lead economic development agency.

“Not only is the volume of jobs and investment particularly strong, but life sciences jobs are typically high-wage, which is great news for Indiana workers throughout the state,” said Mitch Roob, secretary of commerce and chief executive officer of the Indiana Economic Development Corp.

The 2010 life sciences investment growth was anchored by Dow AgroSciences’ March announcement of plans to invest $343.9 million at its Indianapolis headquarters and create 577 new jobs by 2015.

 

Life Science Companies that Committed to Indiana in 2010

Company Name, City
Projected Jobs
Projected Investment

ACell, Inc., Lafayette
38
$745,424

Advantis Medical, Inc., Indianapolis
92
$5,600,000

American Institute of Toxicology, Inc., Indianapolis
160
$74,100,000

Arcadia Resources, Inc., Indianapolis
934
$3,900,000

Ascension Health, Inc., Indianapolis
500
$10,900,000

Beckman Coulter, Inc., Indianapolis
95
$18,200,000

Biomet, Warsaw
278
$26,000,000

Dow AgroSciences LLC, Indianapolis
577
$343,900,000

Evonik Degussa Corporation, Lafayette
650
N/A

In Touch Pharmaceuticals, Inc., Valparaiso
90
$2,200,000

Intensive Air, Inc., South Bend
150
$17,700,000

Iotron industries USA, Columbia City
20
$15,300,000

L.H. Medical Corporation, Ft. Wayne
65
$5,400,000

MED-1 Solutions, LLC, Greenwood
53
$4,400,000

Pharmaceutical Vessel Engineering, Sellersburg
22
$1,500,000

Rexam Consumer Plastics Inc., Franklin
46
$2,900,000

Stericycle, Indianapolis
109
$390,000

Theoris Group, Inc., Indianapolis
50
$985,800

Vortek Surgical, LLC, Brownsburg
72
$10,700,000

Zimmerman Biotechnologies, Greenwood
70
$28,400,000

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