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Indiana withdraws support for fertilizer plant

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State officials have withdrawn economic incentives they had offered for a southwest Indiana fertilizer plant over concerns about whether its Pakistan-based owners are doing enough at their overseas operations to keep the potentially explosive material from being used against U.S. troops.

Gov. Mike Pence announced the move concerning Midwest Fertilizer Corp. on Friday. He put the Posey County project on hold in January pending an investigation.

The Indiana Finance Authority issued $1.3 billion in bonds in December for a nitrogen fertilizer plant that Midwest Fertilizer plans to build at the Port of Mount Vernon in southwestern Indiana's Posey County. Midwest Fertilizer Corp. is part of Lahore, Pakistan-based Fatima Group.

Fatima said it has a reformulated product that is less explosive, but U.S. officials have not yet tested it.

The IFA learned Jan. 14 about concerns that Fatima might not be cooperating with U.S. officials worried that fertilizer made in Pakistan ends up in improvised explosive devices in Afghanistan that have killed American troops.

Midwest Fertilizer said it'll continue with the project despite the withdrawal of state incentives. The company issued a statement Friday that said the Fatima Group has begun tracking its product and suspended sales of a chemical used in both fertilizer and explosives in some Pakistani provinces.

Midwest said it's still exploring options with local economic development officials. The plant is expected to create 300 permanent jobs, Midwest said.

 

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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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