Knox Fertilizer now owns its 72,000 square foot building on 100 East. The company recently repaid the Starke County Economic Development Foundation and City of Knox the money they put up to build the structure. The company was previously located in the Knox Industrial Park but moved to a new location when Reagent Chemical’s White Flyer Targets division moved to Knox.
The Starke County Economic Development Foundation borrowed $900,000 to build the new structure for Knox Fertilizer. SCEDF and the City of Knox each kicked in an additional $237,000 toward that construction. Knox Clerk-Treasurer Jeff Houston told the city council this week the city’s share of that loan has been repaid. He adds the money can only be used for economic development as outlined in state law. Visit I.C. 36-7-12 Economic Development and Pollution Control for details.
Weaver tells WKVI News Knox Fertilizer has paid off all three loans and now owns the building outright.