Indiana Lt. Gov. Suzanne Crouch and Jasper County, Ind., officials joined executives from Premier BioSource, an agricultural biosciences company specializing in the production of research-purposed swine, to break ground on the company’s first Indiana farming operation in Rensselaer, according to an announcement from the Indiana Economic Development Corp.
“With our strong agricultural tradition and thriving life sciences sector, Indiana offers a winning solution for companies like Premier BioSource that provide high-quality swine to research institutions across the U.S.,” said Crouch, who also serves as Indiana’s secretary of agriculture and rural development.
The Ramona, Calif.-based company will invest nearly $7.5 million to construct and equip a 78,000 sq. ft., 600-sow, farrow-to-finish farm operation in Rensselaer. Premier BioSource’s pigs will be used solely for biomedical research and product development, contributing to advancements in heart stents, cardiac repair and rejuvenation, diabetes and insulin research and surgical procedures, the announcement said.
With plans to be operational by June 2019, the facility will house 4,752 pigs at full capacity and supply the company’s eastern U.S. client base.
Premier BioSource, which has 11 employees across the U.S., plans to add up to 21 new jobs in Indiana and begin hiring in 2019 for positions in animal care and transportation services, the announcement said.
“Indiana was a perfect fit for Premier BioSource because of its friendly business environment and rich agricultural heritage,” Premier BioSource president Mark Bousema said. “Couple that with Rensselaer's close proximity to our customers and access to quality labor, and this was an easy choice for our company.”
Founded by Tom and Carl Salayer in 1987, Premier BioSource raises top-quality swine — which share many physiological and anatomical similarities with humans — for the biomedical research community. Through its partnership with Indiana-based Summit Livestock Facilities, the company’s Jasper County farm operation will be designed to facilitate regulatory compliance, improve animal health and production, enhance operational efficiencies and address social concerns, the announcement said.
The Indiana Economic Development Corp. offered S&S Farms LP (dba Premier BioSource) up to $130,000 in conditional tax credits based on the company’s job creation plans. These incentives are performance based, meaning that until Indiana residents are hired, the company is not eligible to claim incentives.
Source: Indiana Economic Development Corp.