Login NowClose 
Sign In to thecouriertimes.com           
Forgot Password
or if you have not registered since 8/22/18
Click Here to Create an Account
Close

MicroNutrients project on hold again

By DARREL RADFORD - dradford@thecouriertimes.com

Excitement was high 18 months ago when the New Castle-Henry County Economic Development Corp. announced TS Tech was going to have a neighbor across the road – MicroNutrients, a company that produces additives for animal feed.

They were originally planning to break ground in 2018 and received help from the County Redevelopment Commission. Then 2018 became 2019. 

Last Thursday, EDC President Corey Murphy announced 2019 wasn’t going to happen either.

“They’d like to keep the land,” Murphy said. “The land was part of an incentive package, but the county put in clawbacks. So we’re working through what that looks like.”

Murphy said the delay in MicroNutrient plans could, in a way, offer the EDC the best of both worlds.

“We might plan to market the ground,” he said. “It’s 25 acres, has a nice road and if we can find another buyer, then MicroNutrients will immediately transfer the grounds. That’s kind of the best of both worlds in my estimation. It’s not the best news that I wanted to hear, but I would rather see them build when they see the business capacity as opposed to having them build and they not have the sales pipeline.”

In 2018, the EDC secured $200,000 in grant money to extend Brooks Drive in the New Castle-Henry County Industrial Park. Murphy said this road project supports the plan for MicroNutrients to build a factory in New Castle. The county transferred 25 acres to MicroNutrients.

“I take them at their word they have an interest in doing this project,” Murphy said. “It’s just that the timing’s not right for a variety of reasons, primarily related to global trade.”