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Indiana county allowed to develop fertilizer plant

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The state won't stand in the way of a fertilizer plant that a Pakistan-based group is developing in southwestern Indiana despite reservations expressed by Gov. Mike Pence, his office said Tuesday.

Pence directed the Indiana Finance Authority not to block Posey County from backing the Midwest Fertilizer Corp. plant. The move comes after the governor on May 17 withdrew the state's offer of economic incentives because fertilizer made by Pakistan-based parent company Fatima Group had been used in bombs in Afghanistan that have killed U.S. troops.

"The State of Indiana stands by its decision to withdraw support for the Midwest Fertilizer project since Department of Defense officials still have not been able to independently confirm Fatima Group's promise to replace their current fertilizer in Pakistan with a formula less susceptible to misuse by hostile forces in the region," Pence spokeswoman Christy Denault said in a prepared statement.

"Despite a difference of opinion on the matter, Governor Pence respects the prerogative of local officials to continue to explore the possibility of moving forward," Denault said.

After Pence withdrew state support, the Posey County commissioners and council voted to give preliminary approval to the proposed plant, including a $1.3 billion bond issue to finance the project in the county just west of Evansville. In doing so, the local officials stepped into the role the state once held when the bonds were originally issued in December by the Indiana Finance Authority to help pay for the project.

Those bonds had a six-month maturity period, after which they were sold to investors and the proceeds put into an escrow account. The idea was that by the time the bonds matured, the plant's developers would be ready to proceed with construction and would receive the bond funding from the escrow account.

But the state funding hit a roadblock in January, when Pence learned of the U.S. military's concerns over Fatima's fertilizer ending up in bombs killing troops.

Since then, Fatima Group has made several changes to its supply chain and is now working on a new less-explosive fertilizer formula. Lt. Gen. Michael Barbero, a U.S

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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