Dow Agro Plans $340M Expansion, 577 New Jobs
3/4/2010
INDIANAPOLIS BUSINESS JOURNAL - Peter Schnitzler
Dow AgroSciences on Thursday morning announced plans for a $340 million expansion of its Indianapolis headquarters that is expected to create 577 high-paying jobs over the next five years. The huge investment will greatly expand the company's research and development capacity and is a major win for the Indiana life sciences industry. The company expects most of the positions to pay between $65,000 and $95,000 annually. Dow AgroSciences, a subsidiary of Midland, Mich.-based giant Dow Chemical Co., produces agricultural products, such as seeds and pesticides. In recent years, it has moved heavily into biotechnology, and plans to roll out five products by 2012 that could generate $800 million annually in new sales. The first phase of Dow AgroSciences' expansion will be the addition of a 14,000-square-foot greenhouse and a 175,000-square-foot research and development facility at its corporate campus on the city's northwest side. The greenhouse should be finished by year's end, according to the company, while the R&D facility slated to open in early 2012. Link
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