Midwest Fertilizer Company will Locate Manufacturing Plant in Mt Vernon, Indiana
The company will construct a major nitrogen fertilizer production plant on 220 acres in Posey County to serve farmers throughout Indiana and across the Midwest region. This new facility will be a major source of United States produced fertilizer, working to reverse the need to import nitrogen fertilizers from overseas.
“Midwest Fertilizer strongly believes Southwest Indiana is the right place to build our state-of-the-art fertilizer plant. We are extremely appreciative of the strong working relationship we have enjoyed with the the state, as well as the overwhelming support from Posey County and southwest Indiana,” said Les Wright, President & CEO of Midwest Fertilizer Company LLC. “Our $2.8 billion manufacturing facility will supply a high-quality, reliable source of fertilizer to farmers in Indiana and throughout the Midwest region.”
Midwest Fertilizer will begin hiring for management, administrative and operating positions in 2018 and 2019, with plans to be fully staffed by 2021.
“We are excited about the progress of Midwest Fertilizer and the support from the state of Indiana,” said Jim Alsop, President of the Posey County Commissioners. “We look forward to the number of jobs Midwest Fertilizer will bring to our community and the economic boom it will provide to the entire Southwest Indiana region.”
Midwest Fertilizer is a new U.S. company to be owned by multinational investors, including Pakistan-based Fatima Group, which is a leader in the south Asian fertilizer industry. The new facility will incorporate the latest technologies to ensure safety for workers, the community and the environment, and has earned support from the U.S. Department of Defense.
The Indiana Economic Development Corporation (IEDC) offered Midwest Fertilizer Company up to $2.9 million in conditional tax credits and up to $400,000 in training grants based on the company’s job creation plans. The IEDC also offered up to $300,000 in conditional incentives from the Hoosier Business Investment (HBI) tax credit based on the company’s planned investment. These incentives are performance based, meaning the company must create jobs and invest in Indiana in order to be eligible to receive incentives.
Accela Expands Operations in Draper, Utah
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
Opportunity Zones Can Uplift Communities and Investors Alike
A Changing Food Manufacturing Industry
2017 Food Processing
Made in America: An Outlook for Manufacturing in the U.S.
Location USA 2018