State set to contribute $4.5M to tech startup's Memphis expansion

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The State of Tennessee is set to shell out $4.5 million for Indigo Ag's 700 job Memphis expansion. The State Funding Board will consider — and, in all likelihood, approve — a pair of grant requests totaling $4.5 million for the company at its Dec. 17 meeting. The MBJ first reported Indigo's expansion Dec. 7. Gov. Bill Haslam and Indigo CEO David Perry then formally announced the expansion Dec. 12 at Toyota Center, which is set to be renamed Indigo Plaza. Indigo — which uses plant microbes...

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