Dow AgroSciences' $340 million plan begins with building a 175,000 sq. ft. research and development building and a 14,000 sq. ft. greenhouse on its corporate campus. The growth doesn't stop there, they plan to hire more than 550 scientific and commercial jobs over the next five years with positions paying from $60,000 to $90,000.

"We are delighted to continue to help Indiana to become the life sciences hub we all want it to be," said Antonio Galindez, Dow AgroSciences CEO.

Dow AgroSciences has been growing by leaps and bounds because agricultural science is on the rise. The company's president says last year they hired 150 people and they've already hired 30 people this year.

Plus, not too long ago, they announced an expansion project that would add 100 biotechnology scientists to a research facility near the corporate headquarters. The company is also expanding its research operations in west lafayette.

"It's thrilling economic moment as this state or any state can imagine or dream of," said Indiana Governor Mitch Daniels (R).

All this growth gives neighboring companies a boost, too.

"Companies like Shield Saxton, BSA life structure are Indianapolis based companies that are benefiting from this growth also," said Indianapolis Mayor Greg Ballard (R).


Dow AgroSciences based on the northwest side of Indianapolis announced Thursday the company will be expanding its global operations, adding up to 577 new jobs by 2015.

The agriculture company said it will invest more than $340 million to add on to its currently facility. Plans include a 14,000 sq. ft. greenhouse and a 175,000 sq. ft. research and development facility among other projects. Indiana Governor Mitch Daniels along with Indianapolis Mayor Greg Ballard joined company executives for the announcement.

"R&D leadership in the life sciences is a dream of every state in the Union," said Daniels. "Here in Indiana, it's not a dream, but a vibrant reality, and Dow AgroSciences' steady growth is a major reason why. This expansion makes Indiana a true world capital of agricultural science."

"Indiana has cultivated a pro-business environment, with leaders in both the public and private sector being very committed to expanding the life sciences and building critical mass in related industries," said Antonio Galindez, president and chief executive officer of Dow AgroSciences.

"This makes for the perfect setting for our ambitious growth plans. Central Indiana also offers outstanding infrastructure and quality of life which are important components of attracting top talent. We thank city and state leaders for their support of our expansion efforts."

"Dow AgroSciences has once again proven its commitment to our city. This important new expansion will further enhance our growing life sciences community and provide quality jobs to our residents," said Mayor Greg Ballard.


- Dow AgroSciences was created in 1989 as DowElanco, a joint venture between the agricultural products business of The Dow Chemical Company and the Elanco Plant Sciences business of Eli Lilly and Company. - In 1997, Dow acquired 100 percent ownership of the business and changed the name to Dow AgroSciences. In its 20 years of operation, the company has grown to employ more than 1,200 associates at its Indiana headquarters and 5,400 globally. - The Indiana Economic Development Corporation offered Dow AgroSciences up to $12.5 million in performance-based tax credits and $205,000 in training grants based on the company's job creation plans. - In addition, the IEDC will provide the city of Indianapolis with up to $500,000 from its Industrial Development Grant Fund to assist in road, sewer and water improvements needed for the project. The city of Indianapolis and Indianapolis Economic Development, Inc. will assist the company's expansion by supporting a request for tax increment financing. - Dow AgroSciences' decision to expand its headquarters follows two additional company expansions in 2009. In July, the company announced it would lease an 80,000 square-foot research facility from Browning adjacent to its global headquarters, allowing for expansion and adding 100 new biotechnology scientists to its ranks. - In September, Dow AgroSciences announced that it would expand its Indiana research operations to Purdue Research Park in West Lafayette, creating up to 30 new jobs by 2014. - Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is a top-tier agricultural company providing innovative agrochemical and biotechnology solutions globally. The company, a wholly owned subsidiary of The Dow Chemical Company, has sales of $4.5 billion.

Information provided by Dow AgroSciences and the Indiana Economic Development Commission