Project Number: 20181201
Pilot Type: Jobs
Status: Approved
Parcel ID: 002063 00001C
County Commission District: 08 | City Council District: 06, 08


EDGE Board of Directors awarded a 15-year personal property Jobs Payment in Lieu of Tax (PILOT) and a $150,000 EDGE Cost Reimbursement Grant to Indigo. With the company's decision to expand and relocate its corporate headquarters to Downtown Memphis, Indigo will retain 75 employees in Shelby County and create 625 net new jobs with an average salary of $92,313 with employer-sponsored healthcare.

The company will make a personal property capital investment of $1.29 million to its corporate headquarters located at 175 Toyota Plaza and spend nearly $1 million with City of Memphis and Shelby County-certified minority/women business enterprises.

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.

EDGE Staff projects $42,305,548 in local total tax revenues to be received during the PILOT term.



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Community Reinvestment Credit (CRC):
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Capital Investment not in PILOT:

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Projected Taxes Abated:

City: $113,536 (75%)
County: $146,271 (75%)

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Compliance Information

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Lease Begins

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Property Details

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Indigo Ag

175 Toyota Plaza, Memphis, TN 38103