DALEVILLE, Ind. (Inside INdiana Business) — Agricultural production firm Balance Holdings, Inc. is planning a new headquarters and demonstration greenhouse in northwest Muncie. The company is purchasing 33 acres at I-69 and State Road 67 for a 100,000 square-foot building in an $18 million development.
Balance Holdings has already hired 34 workers in Delaware County and plans to hire more than 120 employees within the next 18 months. The company has leased two temporary office complexes in Muncie as the new property is being developed. The development is being financed by Capital Gains Corp. of Palm Harbor, Florida.
Delaware County Director of Economic Affairs, Brad Bookout, worked with BHI on the development. Bookout said, “Being community minded, BHI does not want to put the County at any risk. BHI’s strong financial position makes this a project that any community would love to work with. We’re really excited to have such a strong partner willing to make this level of investment in Delaware County.”
The county is helping with issuing bonds, with funding being fully provided by BHI and will be repaid from generated tax revenue.