INDIANA, USA — First American Nuclear (FANCO) will be establishing its company headquarters, manufacturing facilities and an energy park in Indiana .

This will be Indiana's first nuclear energy park.

In an announcement made Tuesday, Nov. 4, FANCO officials said the energy park is designed to be the "first to operate in a 'closed-fuel cycle' in U.S. history." This means that it will reprocess and reuse spent nuclear fuel on-site.

"Indiana is leading the nation in the next chapter of American energy independence," Indiana Gov. Mike Braun said in a news release. "With First American Nuclear planting its roots here, we're bringing 5,000 high-paying, generational Hoosier jobs while cementing our state as a leader in clean, reliable nuclear power."

FANCO has yet to disclose exactly where the

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