On December 1, 2015, the City of Pasadena, Texas, unanimously voted in favor of a Chapter 380 Economic Development Agreement with Indoor Harvest for the purpose of establishing an open source, vertical farm and education campus on the City’s north side.
Indoor Harvest Corp (OTCQB: INQD), through its brand name Indoor Harvest®, is a full service, state of the art design-build engineering firm for the indoor and vertical farming industry. Providing production platforms and complete custom designed build outs for both greenhouse and building integrated agriculture grows, tailored to the specific needs of virtually any cultivar.
Together, Illumitex and Indoor Harvest will engage in R&D and coordinated business development activities to offer a truly complete hardware solution for the indoor farming industry, all at the bleeding edge of current agricultural science.
As the City pursues the CLARA project, we continue to see real enthusiasm among our educational and public health partners for the model that we andIndoor Harvest Corp. co-developed late in 2014. In less than a year, we've gone from "back of the envelope" planning to a viable organizational structure that was innovative enough to help secure a $250,000 BUILDFoundation grant and national recognition for its approach. With all terms as agreed in the Letter of Intent in place, we are now working on the final Memorandum of Understanding details that ensure the advantageous tax and lease conditions as originally...