Inari breaks ground on expansion

WEST LAFAYETTE, Ind. — Gov. Eric Holcomb and Inari executives broke ground on an expanded greenhouse June 2 in West Lafayette.

The seed gene-editing company is investing $22.3 million to upgrade, expand and equip the former Dow space. An additional 17,500 square feet of greenhouse space will be added.

“Inari is the quintessential forward-looking company that we welcome on Hoosier soil,” Holcomb said. “We’re proud of how the company embodies both innovation and passion in transforming good health and nutrition at home and abroad.

“Inari is leaning into new discoveries, taking those improvements to the market to change lives. We look forward to supporting the company’s exciting continued growth.”

The site includes 102,000 square feet of lab, office and greenhouse space.

Bruce Kettler, Indiana State Department of Agriculture director, joined the groundbreaking ceremony.

“Inari is a strong asset to Indiana’s agbioscience sector, and we are excited they are expanding their footprint here,” Kettler said. “We look forward to Inari’s continued success in developing cutting-edge technologies.”

The company is creating up to 129 new jobs by the end of 2023. Ninety employees have been hired to date.

The Indiana Economic Development Corp. offered Inari up to $4.5 million in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.

Tippecanoe County and the city of West Lafayette have supported Inari with $129,000 over five years in job training funds.

Learn more at inari.com.