Indiana’s Booming Life Sciences Sector, March Madness Economic Impact, and Purdue’s Mars Mission

In this episode of Inside INdiana Business with Gerry Dick, we dive into Indiana’s booming life sciences sector, which hit a historic milestone in 2024—becoming the nation’s No. 1 exporter of life sciences products. A new BioCrossroads report reveals $27 billion in life sciences exports, a $21 billion pharmaceutical sector, and a 3,000-job increase statewide, with wages jumping to nearly $150,000 annually.

Plus, it’s March Madness in Indianapolis, and while the action is on the court, the economic impact is felt across the city. The NCAA Midwest Regional Sweet 16 and Elite 8 at Lucas Oil Stadium is expected to bring in $30 million for downtown businesses, and we uncover Indy’s “secret sauce”—its world-class volunteer network that makes it the go-to host city for major sporting events.

Also in this episode:

• Indiana’s life sciences expansion: From Lilly’s $13 billion Boone County investment to Novartis’ nuclear medicine growth, what’s driving the state’s biotech boom?
• Terrafore’s high-tech farming breakthrough: A Knox County AI startup is revolutionizing crop harvesting with robotics-powered innovation.
• Indy’s newest sports entertainment venue? Inside Indiana Business breaks down reports that COSM, a high-tech immersive sports video experience, is eyeing Indianapolis for its next expansion.
• Purdue’s role in space exploration: A Purdue-engineered camera on NASA’s Perseverance Rover is capturing historic images of Mars’ surface and the Ingenuity helicopter in flight.
• Indiana’s latest renewable energy project: A $140 million bioenergy facility in Northwest Indiana will convert organic waste into renewable natural gas at Kingsbury Industrial Park.
• Trendy drive-thrus across the state: From donuts and empanadas to tacos and crab rangoon, Yelp’s Brittany Smith shares Indiana’s top locally-owned drive-thru food spots.
• Join us for an in-depth look at how Indiana is leading in life sciences, capitalizing on its sports legacy, and fueling innovation across multiple industries.