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[IEDC] Agricultural Pest Management Company Expands in West Lafayette
Start Date: 5/19/2015Start Time: 12:00 AM
End Date: 5/19/2015
Entry Description
WEST LAFAYETTE, Ind. (May 19, 2015) – Spensa Technologies Inc., a precision agriculture company specializing in pest management technologies, announced plans today to expand its operations here, creating up to 43 new jobs by 2019.

Spensa Technologies will invest $681,813 to expand its existing operations based in the Purdue Research Park of West Lafayette, with funds being used to purchase IT equipment as well as additional office space to accommodate the growing team. The company currently employs 12 full-time associates in Indiana and will be hiring software developers, data analysts and hardware engineers. Interested applicants may search open positions online at www.purdueresearchpark.com/career or send questions to careers@spensatech.com.

“Since Indiana’s early history, agriculture has played a vital role in our state’s economic development,” said Victor Smith, Indiana Secretary of Commerce. “Spensa Technologies is developing technology-driven products to keep our farmlands healthy and thriving. With nearly 500,000 Hoosier jobs supported by agriculture, these solutions are imperative for not only our state, but to the communities our exports serve across the world.”

Spensa Technologies was founded in 2009 by Johnny Park, a research assistant professor in electrical and computer engineering at Purdue University, after receiving a grant from the United States Department of Agriculture (USDA) to create automated technologies and reduce the reliance on manual labor. OpenScout, the company’s most recent technology, is a web and mobile enabled application to identify and document insects, weeds, disease, nutrient deficiencies and general agronomic issues so growers can strategically mitigate problems before they spread. Spensa Technologies’ other products, Z-Trap, an electronic insect-trapping system that detects pests, and MyTraps.com, an online pest management program, are currently used in five continents around the globe.

“Our expansion represents our long-term commitment to our customers, our friends at Purdue Research Foundation, the city of West Lafayette and the state of Indiana,” said Park, chief executive officer of Spensa Technologies. “As we continue to innovate our products to better serve our customers, we look forward to leveraging the talented workforce and strong business climate in Indiana to further our success.”

The Indiana Economic Development Corporation offered Spensa Technologies up to $635,000 in conditional tax credits and up to $40,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Tippecanoe County will consider additional incentives at the request of the Greater Lafayette Commerce.

“The expansion of Spensa Technologies continues the success story of Purdue University, Purdue Research Foundation and the city of West Lafayette,” said West Lafayette Mayor John Dennis. “This valuable partnership creates results that improve the quality of life around the world.”

Spensa Technologies previously received startup assistance through Purdue Foundry, an entrepreneurship and commercialization hub in Discovery Park’s Burton D. Morgan Center for Entrepreneurship, and was awarded a SBIR Phase 2 grant from the National Science Foundation last year.

“Spensa Technologies is one of the first companies we worked with at the Purdue Foundry and because they are based in the Purdue Research Park, we have worked with them for several years and have watched them grow,” said Greg Deason, executive director of the Purdue Foundry and Purdue Research Park. “Spensa has a strong leadership team and a solid product line, so I am not surprised they are now expanding in such an expeditious way.”
 
Indiana agriculture generates $25.4 billion to the state’s GDP each year and supports more than 475,000 jobs. With more than 19 million acres of farms, Indiana exported more than $4.7 billion in agricultural products in 2012.

About Spensa Technologies
Spensa Technologies is a startup in the Purdue Research Park of West Lafayette. Johnny Park, president and CEO, founded the company in 2009. Spensa’s mission is to design, develop and deliver novel technologies for the agricultural industry that will reduce reliance on manual labor, foster eco-friendly farming and enhance crop production efficiency. Their technologies leverage the team’s world-leading expertise in wireless sensor networks, robotics and computer vision.

About IEDC

The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.  

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Media Contacts:
Johnny Park (Spensa Technologies) – 765.714.2379
Abby Gras (IEDC) – 317.232.8845 or agras@iedc.in.gov
Contact Information:
Name: Abby Gras
Phone: 317.232.8873
Email: agras@iedc.in.gov
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Entry Type:
Press Release
Entry Category:
  • Announcements
  • IN.gov Category:
  • Business & Agriculture
  • Agency Name
    Economic Development Corporation, Indiana

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