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IEDC Revives Talks For Fertilizer Plant
Updated April 9, 2014 7:08 AM | Filed under: Business
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(MOUNT VERNON) - A planned fertilizer plant near Mount Vernon is back in the mix for state economic incentives, nearly a year after Governor Pence pulled the plug on an incentive offer.

The Indiana Economic Development Corporation had offered Midwest Fertilizer an economic development package in the final weeks of Governor Mitch Daniels' administration.

The IEDC yanked that package off the table after Pentagon officials testified that fertilizer made by Pakistan-based Fatima Group, which owns just under half the company, had been used in bombs in Afghanistan.

Fatima Group had promised to reformulate its product to make it less suited to explosives, but the IEDC announced last May that testing of the new formula was taking too long to move forward with the project.

Now Pence says he's received assurances from the Pentagon that the new formula fulfills those promises, and says he'll resume negotiations.

The governor won't say whether the old incentive offer will serve as a basis for those talks.



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