AgroRenew fails to meet deadlines, KCIED initiates lawsuit
Knox County Indiana Economic Development is suing AgroRenew LLC and its founders for failing to repay grant funds after missing project deadlines.Summary
Knox County Indiana Economic Development (KCIED) has initiated a lawsuit against AgroRenew LLC and its founders, Brian and Katie Southern, for failing to meet agreed-upon repayment plans for a $250,000 grant. The dispute arose after the project missed a construction deadline, leading to an agreement to unwind the project and return the conveyed real estate. The agreement required AgroRenew to repay the grant in a single lump sum by April 1, 2026, but the company has not made the payment. KCIED's legal counsel stated that while the organization sympathizes with the company's difficulties, it has an obligation to recover the funds for the county's residents. The Southerns have offered to personally guarantee repayment over time, but KCIED has moved forward with litigation as a last resort to protect the community's investment.
(Source：Vincennes Sun-commercial)