Holic Foods, an all-natural food manufacturer and distributor, has announced plans to expand its operations in Indiana, establishing a new facility Middletown in Henry County and creating up to 42 new jobs by 2020.
“Holic Foods is one of the many small business success stories here in Indiana, utilizing one of the state’s many shared co-working and makerspaces to get its start and now growing to its own state-of-the-art, food manufacturing facility,” said Elaine Bedel, president of the Indiana Economic Development Corporation (IEDC). “To take Indiana’s economy to the next level, we will remain committed to strengthening the entrepreneurial climate that has helped launch companies like Holic Foods and equipping job creators with the tools they need to thrive in our state.”
In Feburary, 2017, the Middletown Town Council gave their redevelopment commission the the go-ahead to invest a quarter of a million dollars into an empty factory as part of an incentive package to get the Noblesville-based company to purchase the property at 710 Norfleet Dr., The Courier-Times reported.
The Middletown Redevelopment Commission offered Holic Foods a 10-year property tax abatement and up to $200,000 in infrastructure improvements in January, if they purchase the former bio-diesel plant.
The building is located in a tax-increment financing (TIF) district, allowing the Middletown RDC to use taxes generated on that land to make these types of improvements. Cooper said the current Norfleet TIF fund balance is $305,000.
The IEDC reports that the new building, which is scheduled to be operational in March, will be constructed to Safe Quality Food (SQF) Institute Level 2 certification standards, allowing Holic Foods to handle acidified and high-acid food products – the only one of its kind in Indiana.