Intelligent Growth Solutions (IGS) has selected Loveland in Colorado for its expansion into North America.
The Scottish agricultural infrastructure company designs, produces and maintains vertical farming technology that enables indoor growing anywhere, eliminates the need for pesticides or fungicides and reduces water consumption by up to 95%.
Opening a base of operations in the US should allow the company to better support customers in the company’s fastest growing market.
City of Loveland economic development director Kelly Jones commented: “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.”
IGS chief executive David Farquhar said: “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.”
Overall, IGS expects to create 114 net new jobs at an average annual wage of $98,991 - which is 183% of the average annual wage in Larimer County.
Positions will include engineers, supply chain managers, human resource and legal managers, as well as roles in marketing and sales.
“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.
The State of Colorado will provide up to $2,758,845 in performance-based Job Growth Incentive Tax Credits to IGS.
The company currently has 220 employees, one of whom is already based in Colorado. In addition to Colorado, the company considered Washington and Massachusetts.
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