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Indigo Ag, Inc.

Summary

Indigo Ag received a $2,750,000 grant from the Tennessee FastTrack Economic Development Fund. The Tennessee FastTrack Economic Development Fund provides additional grant support for companies expanding or locating in Tennessee with reimbursable grants made to local industrial development boards. EDGE acted as a conduit for the grant.

The grant is part of an incentive package that will assist the company in retrofitting of the company’s new headquarters at 175 Toyota Plaza in Memphis, TN. Indigo Ag will invest a total of $5.1 million in real and personal property at its location and create and retain 700 jobs.

Indigo improves grower profitability, environmental sustainability, and consumer health through the use of natural microbiology and digital technologies. Utilizing beneficial plant microbes and agronomic insights, Indigo works with growers to sustainably produce high quality harvests. The company then connects growers and buyers directly to bring these harvests to market. Working across the supply chain, Indigo is furthering its mission of harnessing nature to help farmers sustainably feed the planet.

Financing Amount:

$2,750,000

Projected Total Jobs:

700

Total Investment:

$5,214,088

Approved

8/8/2018

Indigo Ag, Inc.

175 Toyota Plaza, Memphis, TN 38103