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Seed Coating Company Picks Washington County For First Midwest Facility
Updated September 30, 2014 7:10 AM | Filed under: Business
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(SALEM) - Summit Seed Coatings Indiana LLC, a custom traditional and organic seed coating company, announced plans today to locate its first Midwest facility here, creating up to 20 new jobs by 2017.

The Caldwell, Idaho-based company will invest $2.39 million to lease, renovate and equip a 60,000 square-foot facility at 401 South High St. in Salem. The facility, which will be operational by January, will aid in distribution to the company's Midwest customers, as well as help meet the company's strong demand, which has increased by 30 percent annually over the past four years.

"The seeds we have planted for a strong business climate are blossoming in Indiana," said Eric Doden, president of the Indiana Economic Development Corporation. "Companies around the nation like Summit Seed Coatings are selecting the Hoosier State for their agricultural business. In Indiana, they find the right conditions for growth, including a low-cost environment and convenient location close to their customers."

Summit Seed Coatings, which currently employs 25 full-time associates at its Idaho facility, plans to begin hiring key personnel in Indiana within the next two months. Interested applicants may apply at the company's Salem facility.

"We included three Midwestern states in our search," said Stuart Barclay, manager at Summit Seed Coatings. "While there were similar benefits offered by all of the states, we were attracted by the cultural atmosphere of Salem, which is similar to Caldwell. Moreover, the help and encouragement by the state of Indiana, the city of Salem and the people we met was a big influence in our selection."

Founded in 2002, Summit Seed Coatings produces seed coatings for major seed distributors, which sell their seeds to agriculture dealers and government dealers, as well as at Lowe's, The Home Depot, Walmart and other garden store chains. The company's coatings convert more seeds to plants and produce more vigorous seedlings than uncoated seeds. Summit Seed Coatings currently coats small seeded legumes, alfalfa, clover, cover crops, radishes, forage grasses and retail grasses for homeowners.

The Indiana Economic Development Corporation offered Summit Seed Coatings Indiana LLC up to $100,000 in conditional tax credits and up to $17,500 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Indiana residents are hired, the company is not eligible to claim incentives. The city of Salem will consider additional incentives.

"We recognize Summit Seed Coatings as a growing, value-added agribusiness that will fit very well into our area," said Salem Mayor David Bower. "It provides evidence that the cooperative efforts of the IEDC with Salem provides benefits to all and has a positive impact."

Indiana ranks among the top 10 states in the nation for agricultural sales. Companies like Summit Seed Coatings contribute to the state's $16 billion food and agricultural sector and help support 245,000 Hoosier jobs across the state.

About Summit Seed Coatings

Summit Seed Coatings is a custom seed coating company located in Caldwell, Idaho. Our plant is one of the most technically advanced high volume coating plants in the United States. We work continuously with various educational institutions and governmental agencies to create and deliver superior products.

Our Mission is to develop and produce coatings which enhance seed productivity and yield. We specialize in coatings for all forage legumes, select warm and cool season turf and forage grasses. For more information, visit www.summitseedcoatings.com

About IEDC

Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.



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