$82M Ethanol Plant Slated for Indiana

With a planned capacity of 60 million gallons of ethanol annually, Rush Renewable Energy’s intended new corn refinery/ethanol plant will be placed in Rushville, Indiana, with the support and assistance of the state through the Indiana Economic Development Corporation (IEDC) and the city of Rushville.

This new facility will create 36 new production jobs as Rush Renewable Energy will use corn bought locally to support the operation, and is expected to inject approximately $82 million in capital investment into the local economy. The IEDC, in partnership with the city of Rushville, collaborated to provide a package of economic development incentives that helped secure the $82 million ethanol plant including training grants for resident employees and technology professionals; up to $150,000 in assistance with off-site infrastructure improvements needed to serve the site; up to $500,000 over 10 years in Economic Development for a Growing Economy tax credits; and up to $2.5 million over 9 years in potential tax credits for certain company investments through the Hoosier Business Investment tax credit program. The city of Rushville has committed approximately $525,000 in local infrastructure assistance to the site. Plus, the city will use tax increment financing (TIF) up to $7.275 million over the next 20 years for the project.
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