Manufacturing capacity expansion at an operating rural fertilizer production site

A $70,000,000 expansion of an operating rural fertilizer production business, funded on a 50/50 cost-share basis under the federal fertilizer program: a $35,000,000 grant against a $35,000,000 applicant match. The study tested the expansion on its own documented merits — verified capital budget, contracted input supply, and a stabilized operating forecast in which sources equal uses at the study date — and reached a favorable determination subject to conditions precedent carried into the executed report.