Grain Processing Corporation Plans $70 Million Expansion Of Its Washington, Indiana, Production Complex
GPC develops and distributes a variety of corn-based products worldwide, including maltodextrins, corn syrup solids and starches for the food, pharmaceutical and personal care markets; ethyl alcohol for beverage and industrial use; starches for the paper, corrugated box, textile and wallboard industries; corn oil; animal feed ingredients and pet care products.
Opening in 1998, today the company’s Washington facilities process 80,000 to 100,000 bushels of corn per day. GPC plans to grow its MALTRIN maltodextrins capacity over the next few years at its 600-acre Washington, Indiana complex.
The firm is in the process of finalizing the engineering design and requesting the necessary permits to begin the construction phase of the additional finishing capacity. GPC, which currently has 150 employees in Daviess County and more than 1,500 Kent Corporation employees globally, plans to add new production associates in Washington when the project is operational in the next few years.
“The selection of our Washington, Indiana site for this new multimillion dollar expansion was due to several factors. The business friendly leadership of Indiana Governor Pence and his economic development team showed us they were committed to helping GPC grow,” said Gage A. Kent, CEO/Chairman of Kent Corporation. “We were also impressed with the local economic development team and the community members who demonstrated they really wanted us to expand our Washington facilities.”
As an incentive, Indiana Economic Development Corporation offered Grain Processing Corporation up to $250,000 in conditional tax credits based on the company's investment plans. Daviess County also supports the project at the request of the Daviess County Economic Development Corporation.
“Indiana’s economy is growing, with a Hoosier tradition of growing the food and the businesses that feed our world,” said Governor Mike Pence. “GPC leaders needed a state that works—a state that works for agriculture and works for job creation—to grow their business. After looking at other states, that’s something they found right here in Indiana.”
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
Nondisclosure Agreements Best Practices When Negotiating Incentives
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row