Hello Nature creates joint venture to build a US$ 50 million biofertilizer factory in Indiana, USA.

Hello Nature, a US based producer of organic fertilizers, biostimulants and microbials, has partnered with Indiana business MPS Egg Farms to form a joint venture that will make a nearly $50 million investment in Wabash, Indiana, to construct and operate a specialty fertilizer manufacturing facility.

The joint venture, Bionutrients, will employ 46 people and construct two facilities totaling nearly 300,000 square feet. The partners will break ground this spring, with the facility fully operationally in the summer of 2023.

This facility will expand Hello Nature’s Indiana presence and complements its two facilities in Anderson, Indiana.

Based on the company’s job creation plans, the Indiana Economic Development Corporation (IEDC) committed an investment in Hello Nature Specialty Fertilizers of up to $490,000 in the form of incentive-based tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.