Agro-Renew Suspends Its Business Plan

The Agro-Renew project has officially been suspended. In a written statement, Agro-Renew officials say the plan fell victim to “unforeseen circumstances, delays in equipment deliveries, and growing financial restraints out-of-county deliveries.”
Even with the suspension, Agro-Renew officials say they remain fully committed to the project. Further, the company states it will commit to supporting any local investors in purchasing back their investiment.
In its own statement, the Knox County Indiana Economic Development Corporation says Agro-Renew has returned their target land to the group. K=C-I-E-D also reports Agro-Renew has made arrangements to pay back local incentives.