Advanced Agrilytics Holdings, an agronomic tech company that provides farmers with strategies to deliver sustainable outcomes at the sub-acre level, plans to continue expanding its operations in Indianapolis, Indiana.
The company, which has already hired 14 new remote and Indianapolis-based employees this year, recently established its new headquarters in Indianapolis and plans to continue its recent hiring trend, adding another 60 new jobs over the next few years.
To support its growth, the company recently located its national headquarters at 1023 E Market St. in Indianapolis, leasing 7,000 square feet of office space. The facility will allow Advanced Agrilytics to expand its employee base in all functions, ultimately better serving farmers with robust prescriptions for seeding rates, fertility applications and in-season management decisions. The new Indianapolis office has been operational since early 2020.
“Since the Paine Schwartz Partners investment, our employee base has grown more than five times and, while our employee base is distributed throughout the Midwest, much of that headcount growth is, and will be, in Indiana," said Kay Kuenker, Advanced Agrilytics CEO. "As such, our thanks to Governor Holcomb and IEDC for the EDGE Tax Credits and other incentives for business growth in Indiana. Precision agriculture has been around a long time, but we believe the value of it has not been realized until now. Advanced Agrilytics is at the forefront of delivering on the promise of precision ag.”
The Indiana Economic Development Corporation offered Advanced Agrilytics Holdings LLC up to $1.2 million in conditional tax credits based on the company's plans to create up to 74 new jobs by the end of 2024. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
“Indiana is at the center of agriculture technology, with companies like Advanced Agrilytics choosing to grow and develop new solutions here,” said Governor Eric J. Holcomb. “As a state, we’re committed to creating an environment that allows Advanced Agrilytics to scale its operations, while continuing to innovate and develop agricultural tools geared for the 21st century.”
Advanced Agrilytics is an agronomic services company enabled by best in class digital capabilities providing growers independent, sophisticated and robust input prescriptions and operational advice. The company has focused on the major inputs and in-crop decisions as determined by value and return on investment within the overall system.