MEMPHIS, Tenn. (AP) - Agriculture technology company Indigo Ag Inc. says it is establishing its North American commercial operations headquarters in Memphis, Tennessee.
Indigo Ag CEO David Perry and Tennessee Gov. Bill Haslam said Wednesday that the fast-growing Boston startup plans to invest about $6.6 million and add 700 jobs over the next three years as it expands its operations in a downtown-Memphis building near the city’s minor-league baseball stadium, hotels and historic Beale Street.
Indigo treats seeds with plant microbes and sells them to cotton, soybean, rice and corn farmers seeking higher crop yields. It also helps farmers market and sell crops.
Perry said Memphis’s proximity to farmers who use its product is a significant reason for Indigo’s decision. Indigo joins ServiceMaster and AutoZone as companies with headquarters in downtown Memphis.
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