Lord’s Seed, LLC, an agricultural production company, will invest $13 million expand its Orland, Indiana, manufacturing center, creating up to 16 new jobs by 2016. The firm, which currently has 25 full-time employees in Indiana, has already begun hiring additional management and production personnel.
The Howe, Ind.-based company will to construct and equip an 18,000 square-foot seed drying facility on its 10-acre campus located at 9900 W. Maple St. in Orland, bringing the company’s total footprint in the community to 45,000 square feet. The new facility, which will be operational by the end of the summer, will allow the company to complete the drying and packaging process on site.
“We decided to expand our manufacturing operations due to the high freight costs of moving our raw products to other dryer facilities,” said Mark Larimer, vice president of Lord’s Seed. “Indiana is a clear choice due to the location of our production and quick access to the marketplace.”
Operating in northeast Indiana since 1975, Lord’s Seed produces crops ranging from seed corn, seed soybeans, hay and waxy corn for food consumption. The family-owned company, which operates six facilities in Indiana, produced 10,400 acres of seed corn last year for regional and multinational companies in the agriculture industry.
“With more than 15 million acres of farmland, Indiana’s agriculture industry serves as a vital component of our state’s economy,” said Eric Doden, president of the Indiana Economic Development Corporation. “We remain committed to maintaining a business-friendly environment that allows long-time Indiana citizens like Lord’s Seed to prosper and continue to strengthen the Hoosier State’s agricultural landscape.”
As an incentive, Indiana Economic Development Corporation offered Lord’s Seed LLC up to $100,000 in conditional tax credits and up to $50,000 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. The town of Orland approved additional tax abatement at the request of the Steuben County Economic Development Corporation.