Midwest Fertilizer Details $2.8B Plans

Posted: Updated:
Midwest Fertilizer CEO Les Wright says he "strongly believes" southwest Indiana is the ideal spot for the plant. Midwest Fertilizer CEO Les Wright says he "strongly believes" southwest Indiana is the ideal spot for the plant.
MT. VERNON -

Midwest Fertilizer Co. LLC is moving forward with a plan to establish a $2.8 billion manufacturing operation in Posey County. The company expects the fertilizer production plant to result in up to 185 new jobs by the end of 2021. Construction is expected to begin next year. Governor Eric Holcomb says he offers his "enthusiastic support" for the facility, which is expected to begin operations in 2022.

The project has been in the works since 2012, and has hit some hurdles along the way. In 2013, then-Governor Mike Pence suspended state support for the effort, citing concerns with the company's lead investor, Pakistan-based Fatima Group. The governor later reopened talks with Midwest Fertilizer. 

Back in 2013, Governor Mike Pence suspended state support for the project due to concerns with the company's lead investor, Pakistan-based Fatima Group. The governor later reopened talks on economic incentives for Midwest Fertilizer. Ultimately, the Indiana Economic Development Corp. offered the company up to $3.3 million in conditional tax credits and training grants based on the job creation plans, as well as up to $300,000 in conditional incentives from the Hoosier Business Investment tax credit.

"We are very appreciative for the strong business relationship that we have not only with the state but also with the Indiana Economic Development Corporation," says Midwest Fertilizer spokesman Roger Harvey. "In addition, from the very beginning, the tremendous support we've received from Posey County and southwest Indiana business and community leaders has been critical to our success."

The company says the operation, spanning 220 acres in Posey County, will serve farmers throughout Indiana and the Midwest. The company says it will begin hiring for management, administrative and operation positions in 2018, with plans to be fully-staffed by 2021. It says new positions are expected to offer salaries averaging more than double the state's average wage of $21.52 per hour.

Schellinger says the project overcame initial hurdles to get to this point.
Harvey says the company considered multiple locations for the massive investment.
  • Perspectives

    • Mitigating Your Company’s Cybersecurity Risk

      Frequently, I encounter people who think that a software developer understands all languages and can “fix” anything tech related. While that may be true for a few, areas of expertise within tech evolve as rapidly as the technology itself. For instance, there was a time (not long ago) when operating in the cloud was revolutionary. Today, it is considered best practices for some or all of an organization to function within a cloud. Managed information technology began with...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (photo courtesy Dax Norton)

      Whitestown Tops Indiana's Fastest-Growing Communities

      The Indiana Business Research Center at the Indiana University Kelley School of Business says Whitestown in Boone County is Indiana's fastest-growing community for the eighth consecutive year. The center says the town's population nearly tripled, from 3,132 in 2010 to 8,627 last year. Westfield in Hamilton County is not far behind. Its population grew 5.2 percent in 2018, according to information reported by the U.S. Census Bureau. Other communities on the list include...

    • The Waterside project aims to transform 100-acres of the former GM Stamping Plant site. (photo courtesy of Ambrose Property Group)

      Ambrose, Glick Partner on Waterside

      Indianapolis-based Ambrose Property Group has announced a key partnership for the redevelopment of the former GM Stamping Plant in downtown Indianapolis. The commercial real estate firm is teaming up with the Gene B. Glick Co. to build and manage apartments as part of the $1.4 billion mixed-use redevelopment project. Ambrose says the partnership is also part of plans to catalyze "philanthropic and community-centric strategies to strengthen Indianapolis." The firm also...

    • (photo courtesy of the town of Plainfield)

      Plainfield Breaks Ground on Parking Structure

      The first piece of a redevelopment plan for downtown Plainfield is underway. City and community leaders have broken ground on the new Downtown Plainfield Parking Structure, which is expected to be complete in the late summer or early fall of 2020.

    • Despite Profit Increase, Shoe Carnival Predicts Store Closings

      Evansville-based Shoe Carnival Inc. (Nasdaq: SCVL) is reporting fiscal first quarter net income of $13 million, up from $8.2 million during the same period last year. Despite the increase, the company says it expects to close up to 25 stores throughout the fiscal year while adding three new locations.

    • Carmel Ranked Among Best Places to Live

      Carmel has been chosen as the 3rd best place to live in the U.S. according to MONEY.  The publication only looked at cities with a population of 50,000 or greater, and eliminated any place that had more than double the national crime rate, less than 85-percent of the state's median household income, or lack of ethnic diversity.  MONEY was able to pare the list down to 50 communities after delving into data concerning economic health, public education, cost of...