>>Gerry: HELLO AND WELCOME TO
INSIDE INDIANA BUSINESS. I'M
GERRY DICK.
INDIANA IS HOME TO A NEW
CORPORATE HEADQUARTERS.
CORTEVA AGRISCIENCE, WHICH SPUN
OUT OF DOWDUPONT THREE YEARS
AGO, IS MAKING INDIANAPOLIS ITS
NEW CORPORATE ADDRESS, ENDING A
HEADQUARTERS RELATIONSHIP WITH
THE STATE OF DELAWARE THAT DATES
BACK TO THE 1800'S.
INDIANA GOVERNORS, MAYORS AND
ECONOMIC DEVELOPMENT OFFICIALS
HAVE BEEN WORKING FOR YEARS TO
PERSUADE DOW AND DUPONT TO MAKE
INDY THE HOME FOR ITS MERGED AG
OPERATIONS.
IN A STATEMENT, CORTEVA CEO
CHUCK MAGRO SAID.
>> IN TODAY'S FLEXIBLE WORLD OF
WORK, WE HAVE SEEN CLEAR PROOF
THAT OUR DEDICATED EMPLOYEES CAN
BE PRODUCTIVE WHEREVER THEY ARE.
DESIGNATING OUR INDIANAPOLIS
LOCATION AS THE CORTEVA
HEADQUARTERS BRINGS US CLOSER TO
OUR OPERATIONS, OUR TECHNOLOGY,
AND OUR CUSTOMERS, WHILE
OPTIMIZING OUR FLEXIBILITY."
WITH AN INSIDE LOOK AT WHAT THE
MOVE MEANS AND HOW IT COULD
IMPACT CORTEVA'S $15 BILLION
GLOBAL CROP PROTECTION BUSINESS
ALREADY HERE, I'M PLEASED TO
WELCOME BACK TO THE SHOW
AGRINOVUS INDIANA CEO MITCH
FRAZIER.
MITCH, AS ALWAYS, THANKS FOR
COMING ON.
>> GREAT TO SEE YOU, GERRY, ON
AN HISTORIC WEEK FOR INDIANA.
>> I THINK IT IS, I DON'T THINK
THAT IS AN OVERSTATEMENT.
>> NOT AT ALL.
>> WHEN YOU LOOK AT CORTEVA
MAKING INDIANAPOLIS ITS
CORPORATE HEADQUARTERS.
IT WON'T NECESSARILY PROBABLY
MEAN MUCH IN TERMS OF HEADCOUNT
OR NEW JOBS.
BUT THERE IS REAL SIGNIFICANCE
TO THE FACT THAT THE CORPORATE
HEADQUARTERS WILL BE HERE.
>> UNDOUBTEDLY.
THIS MOVE BY CORTEVA, I LOVE HOW
CHUCK MAGRO, THE CEO OF CORTEVA
FRAMED THIS, GETS US CLOSER TO
CUSTOMERS, TO TECHNOLOGY, OUR
OPERATIONS.
IT IS A MASSIVE VALIDATION FOR
WHAT SO MANY HAVE BUILT HERE IN
INDIANA.
A MASSIVE VALIDATION OF THE
INCREDIBLE WORK THAT TH TEAM,
THOUSANDS ACROSS THE STATE ARE
DOING EACH DAY THAT HAS ALLOWED
US HERE IN INDIANA TO COMPETE
AND WIN FOR THIS PUBLICLY HELD
GLOBAL HEADQUARTERS NEW TO
INDIANA.
>> Gerry: FOR THOSE WHO DON'T
KNOW, IT IS AN OUTGROWTH OF DOW
AGRISCIENCES, CREATED CORTEVA.
THEY HAVE A SIGNIFICANT
PRESENCE, ABOUT 2,000 OF 21,000
EMPLOYEES ARE HERE IN
INDIANAPOLIS.
$15 BILLION CROP PROTECTION
BUSINESS IS HERE.
BUT THIS REALLY SOLIDIFIES
INDIANAPOLIS AS A KEY PART OF
THE CORTEVA BUSINESS MODEL.
AND WHEN YOU THINK, TOO, ABOUT
ELANCO MAKING ITS MERGE GLOBAL
OPERATIONS HERE IN INDIANAPOLIS,
TOO, THAT'S AN AMAZING ONE-TWO
PUNCH.
>> IT ABSOLUTELY IS, GERRY.
IN THE MATTER OF 15 MONTHS,
INDIANA HAS ATTRACTED OR
SOLIDIFIED ITS POSITION AS THE
HEADQUARTERS FOR TWO GLOBALLY
HADQUARTERED GLOBAL PUBLIC
COMPANIES.
AGO BIO SCIENCES OPERATIONS.
WE'RE GRATEFUL, BUT THE
ECOSYSTEM HOLDS TREMENDOUS
OPPORTUNITY FOR OUR SYSTEM.
>> YOU MENTIONED THE ECOSYSTEM,
WHAT HAPPENS WHEN THESE TYPES OF
CORPORATE HEADQUARTERS ARE
LOCATED IN A COMMUNITY.
AN ANNOUNCEMENT, I THINK THIS
WEEK, THE PARTNERSHIP WITH HIGH
ALPHA, WAS THAT ELANCO AND HIGH
ALPHA.
>> THAT'S EXACTLY RIGHT, ELANCO
MADE A NUMBER OF SUSTAINABILITY
DECISIONS, LAUNCHED A NEW
COMPANY WITH INDIANA BASED,
FOCUSED ON GREENHOUSE GASES,
CAPTURING CARBON CREDITS FROM
SUSTAINABILITY EFFORTS IN THE
CATTLE MARKET.
THIS IS WHY IT IS SO CRITICAL
THAT WE BRING TOGETHER THIS
WORLD OF TECH AND AGRICULTURE IN
INDIANA.
TO HAVE THE STRENGTH OF TWO
PUBLICLY TRADED HEADQUARTERED
COMPANIES IN AG BIO SCIENCES.
INDIANA IS LEADING THE GROWTH,
IN A $52 BILLION ECONOMY.
>> TALK ABOUT, MITCH, WE ALL
TALK ABOUT WEEK IN AND WEEK OUT,
THE NEED TO KEEP TALENT HERE,
BUT ALSO ATTRACT NEW EXCELLENT
INTO THE STATE OF INDIANA, TO
HAVE CORTEVA WITH CORPORATE
HEADQUARTERS HERE, THE KIND OF
STATEMENT THAT MAKES WHEN
COMPANIES, OTHER COMPANIES, BIG
AND SMALL, ARE GOING OUT TRYING
TO ATTRACT PEOPLE TO COME TO
INDIANA.
>> HEADQUARTERED ARE A MAGNET
FOR INNOVATION.
NOT JUST FROM THE COMPANY'S
THEMSELVES BUT FROM THE
COMPANIES WHO WANT TO BE NEAR
THOSE COMPANIES.
WHETHER THAT BE THROUGH
PARTNERSHIPS, WHETHER THAT BE
THROUGH LICENSING AGREEMENTS,
WE'VE ALREADY BEGUN TO SEE, WE
SAW THIS WEEK WITH ELANCO,
HISTORICALLY JUST IN THE LAST
COUPLE MONTHS WITH ELANCO WITH
THEIR SPINOFF OF MICROBIOME
BUSINESS.
THESE COMPANIES REALLY, REALLY
IMPORTANT AS A CORNERSTONE OR A
BUILDING BLOCK FOR THIS NEXT
GENERATION OF THE ECONOMY.
WHEN WE LOOK AT SPECIFICALLY
THESE TWO COMPANIES, WE ARE
BUILDING AN INCREDIBLE PLATFORM
FOR SUSTAINABILITY INNOVATION IN
INDIANA, BOTH ELANCO AND CORTEVA
REALLY COMMITTED TO
SUSTAINABILITY.
>> Gerry: FINAL QUESTION, MITCH,
$52 BILLION IN INDIANA, HOW
WOULD YOU ASSESS THE STATE OF
THE AG BIO SCIENCE SECTOR HERE
IN INDIANA?
>> OUR AG BIO SCIENCE IN INDIANA
THINGS THE GREAT WORK OF
GOVERNOR ERIC HOLCOMB, AND BRAD
CHAMBERS, WE ARE IN A POSITION
TO BUILD ON THIS MOMENTUM.
WE HAVE CLEARLY TWO PUBLICLY
TRADED HEADQUARTERS COMPANIES
THAT WE'VE TALKED ABOUT.
BUT WE HAVE TREMENDOUS,
TREMENDOUS ACCELERATION IN
COMPANY GROWTH HERE, WE'VE SET A
BOLD VISION THAT YOU AND I HAVE
TALKED ABOUT BEFORE, FOUR ABOUT
DOLLAR TO THIS AG BOY SCIENCE
ECONOMY BY THE END OF 2024, I
THINK WE ARE GOING TO BE ABLE TO
DO THAT.
>> MITCH FRAZIER, BIG NEWS ON
CORTEVA MAKING INDIANAPOLIS ITS
CORPORATE HEADQUARTERS.