Agribusiness Investing $22M, Adding 100 Jobs In Indiana

Select Genetics will locate a new hatchery in Terre Haute with the help of up to $550,000 in state tax credits and training grants.


https://businessfacilities.com/2017/03/agribusiness-investing-22-million-adding-100-jobs-in-indiana/
Select Genetics will locate a new hatchery in Terre Haute with the help of up to $550,000 in state tax credits and training grants.
Agribusiness Investing $22M, Adding 100 Jobs In Indiana
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Agribusiness Investing $22M, Adding 100 Jobs In Indiana

Select Genetics will locate a new hatchery in Terre Haute with the help of up to $550,000 in state tax credits and training grants.

Agribusiness Investing $22M, Adding 100 Jobs In Indiana

Select Genetics, a supplier of commercial genetics for the turkey industry, will locate a new hatchery in Terre Haute, IN creating up to 100 new jobs by 2018. The Minnesota-based company, which was recently established through the merger of Valley of the Moon Commercial Poults (VOMCP) and Willmar Poultry/Ag Forte, will invest $22 million to establish and equip a new 83,000-square-foot facility to produce turkey poults for commercial use. Select Genetics plans to break ground on the new facility in April and begin production in the spring of 2018.

Terre Haute IN
Credit: Digital Vision.

“Select Genetics is proud to bring a state-of-the-art turkey hatchery to Vigo County. We value the relationship with and among the community, the Indiana State Department of Agriculture and the Indiana Economic Development Corporation and their ability to appreciate the value of this project for both job creation and the larger poultry industry in Indiana,” said J. Douglas, chief executive officer of Select Genetics. “Our company is committed to investing in research and development and to promoting the highest standards of animal welfare. These commitments plus a great business environment in Indiana will allow Select Genetics to remain the premier supplier of turkey poults worldwide.”

The new operations will add to Indiana’s strong agribusiness sector, which raised more than 19.3 million turkeys in 2015, ranking No. 4 in the U.S. Indiana’s growing agriculture industry supports more than 107,000 jobs and contributes an estimated $31 billion to the state’s economy each year. Indiana ranks in the top five in the country for both egg and turkey production.

“In today’s rapidly changing global marketplace, agriculture will continue to be a foundational sector of Indiana’s diverse economy,” said Governor Eric J. Holcomb. “It’s exciting to see companies like Select Genetics that are using technology to grow their agriculture operations right here in Indiana. Today’s news is a win-win for both the Select Genetics team and for our state, and I look forward to witnessing their continued success.”

The Indiana Economic Development Corporation (IEDC) offered Select Genetics up to $400,000 in conditional tax credits and up to $150,000 in training grants based on the company’s job creation plans. These incentives are performance-based, so until employees are hired the company is not eligible to claim incentives. Vigo County will consider additional incentives at the request of the Terre Haute Economic Development Corporation.   

“We are thrilled that Select Genetics has selected the Vigo County Industrial Park as the site for its proposed new facility,” said Judith Anderson, president of the Vigo County Commissioners. “We are looking forward to assisting company officials in the coming months during the design and construction phases of this exciting project.”

Relocating Or Expanding Your Business In Indiana

Considering Indiana for your company’s relocation or expansion project? Check out Business Facilities’ Indiana Incentives and Workforce Development Guide.

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