BioTown, Ind., still depends on grid 8 years later - WDRB 41 Louisville News

BioTown, Ind., still depends on grid 8 years later

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REYNOLDS, Ind. (AP) -- The northern Indiana town of Reynolds is no longer trying to be BioTown USA.

The Journal & Courier reports that eight years after then-Gov. Mitch Daniels set a goal of Reynolds becoming energy self-sufficient, it is as dependent on the grid as ever. And likely will be even more so in the future.

Magnetation, a Grand Rapids, Minn.-based company, announced in November it was planning to build an iron ore pellet plant costing up to $350 million at the site where construction of a VeraSun Energy Corp. ethanol plant was suspended five years ago.

Daniels, who left office last month after two terms as governor, said jobs are jobs. He says he's glad Reynolds tried to become energy self-sufficient, even though it didn't work out.

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