With the United States as its fastest growing market, Scotland’s premier vertical farming tech company Intelligent Growth Solutions (IGS) has announced that Loveland, Colorado will be home to its new North American headquarters as the firm continues its expansion. In a statement the company said that opening a base of operations in Loveland will allow it to better support North American customers.
“The forward-looking approach to economic development within the city of Loveland and the state of Colorado fits perfectly with Intelligent Growth Solutions’ purpose of working with growers to help deliver sustainable food security,” said David Farquhar, CEO of IGS. “The location is within easy reach of a huge market as well as supply chain partners and is a great place for our people – and their families – to live, with 300 days of sunshine and just 30 miles from Rocky Mountain National Park.
“The location of our North American headquarters is a pivotal decision in our evolution as market leader. We are confident that our new Loveland base will allow our rapidly growing business to continue to expand and thrive on a global platform, as we deliver vertical farming infrastructure to enable real farmers to grow an expanding range of crops reliably, profitably and sustainably because we give them total control of the weather for the first time: designed in Scotland manufactured in Colorado.”
City of Loveland Economic Development Director, Kelly Jones said “IGS’ technology, mission and people are a perfect fit for the ag-tech ecosystem that continues to flourish across our region and in Loveland. Northern Colorado provides tremendous value to a diverse range of industries and we are proud of this truly collaborative, regional effort to bring this innovative company, as well as high paying jobs, to the area.”
Overall, IGS expects to create 114 net new jobs. Positions will include engineers, supply chain managers, human resource and legal managers, as well as roles in marketing and sales.
The State of Colorado will provide up to $2,758,845 in performance-based Job Growth Incentive Tax Credits to IGS over an 8-year period. In addition to Colorado, the company also considered Washington and Massachusetts.
“Innovative companies like IGS are building on Colorado’s strong agricultural heritage to create a future-thinking ag tech industry that will feed communities and support a thriving economy across our state. We are pleased to see Loveland become IGS’s North American headquarters and look forward to celebrating future accomplishments,” said Patrick Meyers, OEDIT Executive Director.
“We are delighted to welcome Intelligent Growth Solutions to Loveland as they establish their base of operations. Their innovative technology, environmentally-focused mission and talented people are a perfect fit for the community,” said Jacki Marsh, Mayor of Loveland.