Dupont Pioneer will invest $26.1 million total by expanding current locations in Indiana by 2016. At the same time the company will hire up to 41 new employees to work in the expanded plants.
Tipton and Rushville will see the direct benefit of these expansions, and will be able to add employees at both locations.
Eric Doden, president of the Indiana Economic Development Corporation, credits their decision to expand here to Indiana's business climate. He further sees it as more commitment to making Indiana the leader in agriculture.
The expansion at both long-time Pioneer facilities will allow the company to harvest and process Optimum AcreMax corn hybrids. Some 20,800 square feet will be added to existing facilities at Tipton, and another 18,700 square feet will be added at the Rushville processing plant. It sits along U.S. Highway 52 in Rush County. Both plants anticipate adding jobs – 20 at Tipton and up to 21 at Rushville. The projects should be completed by October of 2013.
Gina Sheets, Director of the Indiana State Department of Agriculture, specializing in economic development of rural communities, will assist in groundbreaking ceremonies this week. She was in charge of economic development for ISDA before assuming the leadership role from Joe Kelsay.
Pioneer will receive up to $256,000 in conditional tax credits for the expansion projects. However, the company can't claim these incentives until Hoosiers are hired for jobs at the facilities. The state is also promising a $45,000 training grant to Pioneer for new employees.
In addition, both Tipton and Rushville have approved additional tax abatement for the expanded facilities. Both Tipton and Rush County have economic development councils that worked with the major city in each county to develop an abatement offer to Pioneer.
This announcement comes early in the new days of the Pence and Ellspermann administration. Both had pledged to continue placing importance on agriculture and brining more ag business to Indiana. The trend was started by Governor Daniels and Lt. Governor Becky Skillman.