A Minnesota company is making a $350-million investment in White County.
Magnetation is planning to build an iron ore pellet plant in Reynolds, which is about 45-minutes from Lafayette.
The facility will recycle iron waste to produce iron ore concentrate.
County Commission President John Heimlich says the project will inject life into the local economy.
“I think, if (residents) see that a company like this sees our area as good place to do business, I think other companies will see that, as well.”
The plant is expected to create 100 jobs by 2015.